1. Crop Enterprise Information

2. Price for Various Crops
Average Actual Sales
Price for Various Crops
Pg 27
Northern Minnesota

3. Average Actual Sales
Price & Assigned Value (Rented land)

4. Average Value per Unit… Crop Enterprise tables (Cash Rent)
Northern Minnesota

5. Net Return for Various Crops (Cash Rented)
Northern Minnesota

6. Machinery Cost per Acre
Pg 28
Machinery Cost per Acre
Crop
2013
2014
2015
2016
2017
Alfalfa Hay
$145.46
$190.49
$164.47
$169.50
$171.76
Corn
$152.35
$162.84
$159.23
$151.43
$153.51
Corn Silage
$178.58
$229.01
$209.02
$204.12
$214.87
Soybeans
$85.28
$87.39
$81.89
$88.15
$83.66
Spring Wheat
$87.97
$86.33
$84.02
$84.95
$83.56
Machinery Cost includes: Fuel & Oil, Custom Hire, Mach. Leases, Interest on Mach. debt, and Mach. Depreciation.
Northern Minnesota

7. Corn (owned)
Pg 30
Net Return/Acre = $-14.68
Northern Minnesota

8. Corn – Cost of Prod. Direct & Overhead (owned)
Pg 30
Northern Minnesota

9. Corn Yields & Net Return per Acre (owned)
Pg 30
Owned Acres Yield Net Return
bu. $37.37
bu. $17.84
bu. $249.14
bu. $248.53
bu. $320.53
bu. $-44.10
bu. $-75.40
bu. $
bu. $1.65
bu. $-14.68
Northern Minnesota

10. 2-year Corn Data 2016 2017 Yield per Acre 178.4 159.0 179.5 164.6
Pg 30-31
Rented Owned
2016
2017
Yield per Acre
178.4
159.0
179.5
164.6
Value per Unit
$3.01
$3.06
$2.95
$3.08
Gross Revenue/Acre
547.14
510.64
538.71
524.62
Dir & Ovhd Expense/Acre
563.62
575.37
537.05
539.30
Net Return/Acre
-16.48
-64.73
1.65
-14.68
Dir & Ovhd Expense/Unit
$3.16
$3.62
$2.99
$3.28
Northern Minnesota

11. Corn Inputs – the past 10 years
Pg 31
Northern Minnesota

12. Costs of Production per Bushel for Corn (Cash Rent)
Pg 31
NOTE: Used for BRIEF OVERVIEW – not necessarily for consideration with the Datashow.
Northern Minnesota

13. Soybeans (owned)
Pg 32
Net Return/Acre = $38.07
Northern Minnesota

14. Soybeans–Cost of Prod. Direct & Overhead (owned)
Pg 32
Northern Minnesota

15. 2-year Soybean Data 2016 2017 Yield per Acre 46.36 33.91 46.67 35.21
Pg 32-33
Rented Owned
2016
2017
Yield per Acre
46.36
33.91
46.67
35.21
Value per Unit
$9.24
$9.09
$9.27
$9.05
Gross Revenue/Acre
434.78
332.97
436.84
337.70
Dir & Ovhd Expense/Acre
316.46
329.60
285.42
299.63
Net Return/Acre
118.32
3.36
151.42
38.07
Dir & Ovhd Expense/Unit
$6.83
$9.72
$6.12
$8.51
Northern Minnesota

16. Soybean Inputs – the past 10 years
Pg 33
Northern Minnesota

17. Corn Silage (owned)
Pg 36
Net Return/Acre = $68.81
Northern Minnesota

18. 2-year Corn Silage Data 2016 2017 Yield per Acre 20.06 19.5 19.4 19.8
Pg 36-37
Rented Owned
2016
2017
Yield per Acre
20.06
19.5
19.4
19.8
Value per Unit
$33.26
$29.96
$33.91
$30.45
Gross Revenue/Acre
667.65
594.90
658.19
613.87
Dir & Ovhd Expense/Acre
589.42
597.78
539.19
545.06
Net Return/Acre
78.23
0.12
119.00
68.81
Dir & Ovhd Expense/Unit
$29.39
$30.55
$27.80
$27.48
Northern Minnesota

19. Corn Silage Inputs – the past 10 years
Pg 37
Northern Minnesota

20. Corn Silage – Assigned value per Ton (cash rent)
Northern Minnesota

21. Alfalfa Hay (owned) Net Return/Acre = $167.85 Northern Minnesota
Pg 38
Yes, in 2012 and 2013, the YIELD and the Expense per Acre WAS THE SAME FOR ALFALFA
Net Return/Acre = $167.85
Northern Minnesota

22. 2-year Alfalfa Hay Data 2016 2017 Yield per Acre 4.33 4.16 4.95 4.49
Pg 38-39
Rented Owned
2016
2017
Yield per Acre
4.33
4.16
4.95
4.49
Value per Unit
103.92
119.78
110.4
108.87
Gross Revenue/Acre
452.45
503.51
547.59
496.82
Dir & Ovhd Expense/Acre
326.72
309.36
338.03
328.96
Net Return/Acre
125.73
194.14
209.56
167.85
Dir & Ovhd Expense/Unit
$75.41
$74.42
$68.35
$73.25
Northern Minnesota

23. Alfalfa Hay Inputs – the past 10 years
Pg 39
Note that Fuel-Oil, Repairs, and Custom Hire total over 100 of the See page 76
Northern Minnesota

24. Spring Wheat (owned) Net Return/Acre = $146.74 Northern Minnesota
Pg 34
NOTE: include the whole region
Net Return/Acre = $146.74
Northern Minnesota

25. 2-year Spring Wheat Data
Pg 34-35
Rented Owned
2016
2017
Yield per Acre
64.16
70.46
66.0
72.32
Value per Unit
$4.90
$5.91
$4.95
$5.90
Gross Revenue/Acre
321.18
427.38
330.82
436.20
Dir & Ovhd Expense/Acre
318.65
324.29
291.26
287.47
Net Return/Acre
2.54
103.10
39.56
146.74
Dir & Ovhd Expense/Unit
$4.97
$4.60
$4.41
$4.00
Northern Minnesota

26. Spring Wheat Inputs – the past 10 years
Pg 35
Northern Minnesota

27. Net Return for Various Crops (Irrigated)
Pg 43
Northern Minnesota

28. It is doing a 100 LITTLE THINGS … better!
As you look to next year…
It is not the ONE BIG THING that must to be done well…to be successful over the long term…
It is doing a 100 LITTLE THINGS … better!

29. Thank you for listening to a review of this year’s Farm Business Management Annual Report information.