Minnesota Corn 2015 Budget
CORN Budget
Southern MN FINBIN Data
Maximum
Value
Yield per acre (bu.)
Value per bu.
Total product return per acre
Miscellaneous income per acre
Gross return per acre
Direct Expenses
Seed
Fertilizer
Crop chemicals
Crop insurance
Drying fuel
Fuel & oil
Repairs
Custom hire
Hired labor
Land rent
Machinery & bldg leases
Utilities
Marketing
Operating interest
Miscellaneous
Total direct expenses per acre
Return over direct exp per acre
Overhead Expenses
Custom Hire
Hired labor
Machinery & bldg leases
Farm insurance
Utilities
Dues & professional fees
Interest
Mach & bldg depreciation
Miscellaneous
Total overhead expenses per acre
Total dir & ovhd expenses per acre
Net return per acre
Lbr & mgt charge per acre
Net return over lbr & mgt
Government payments
Net return with gov’t payments
Cost of Production
Total direct expense per bu.
Total dir & ovhd exp per bu.
With labor & management
Total exp less govt & oth income
190.5
6.50
1157.23
110.38
1182.77
63.62
1.73
143.38
-1.81
213.04
123
188.83
33
27.13
36.57
36.41
47.98
10.99
4.15
243.47
3.37
1.24
4.09
15.14
5.88
755.44
508.11
Est. labor hours per acre
Minimum Average
Value
04-2013
Actual
2013
Project
2014
Project
2015
Forecast
2015
159.37
3.51
618.14
15.98
634.13
168.09
4.45
749.22
110.38
859.6
174
4.57
782.88
112.64
895.52
180
4.69
816.54
114.90
931.44
180
3.50
630
15
645
25.96
32.15
22.19
2.93
4.28
8.74
18.27
3.09
0.15
78.76
0.32
0.22
0.3
6.99
0.96
216.2
-33.01
68.57
100.07
23.25
16.27
13.53
22.40
30.17
6.36
1.35
129.94
1.85
0.39
1.81
9.78
3.10
429.00
205.13
123
188.83
33
25.95
21.79
36.03
47.98
9.05
4.15
243.47
3.37
1.24
3.69
9.83
2.53
755.44
104.16
128.39
197.53
33.49
27.23
22.54
37.50
49.52
9.30
4.38
252.62
3.52
1.31
3.87
9.96
2.62
785.40
110.12
133.78
206.24
33.98
28.51
23.30
38.98
51.07
9.54
4.61
261.77
3.66
1.38
4.05
10.08
2.70
815.36
116.09
128
180
34
26
22
39
51
10
4
250
4
1
4
10
3
766
-121
3.04
12.94
8.26
9.57
5.28
3.75
8.28
61.06
9.61
117.46
872.9
404.13
59.78
345.46
51.95
363.69
1.74
4.74
1.37
2.13
2.12
0.42
4.1
18.05
3.91
43.6
263.91
-81.89
24.18
-107.64
-7.85
-71.72
2.32
7.52
4.90
5.20
3.43
1.86
6.46
32.17
5.99
68.26
497.26
136.85
37.85
108.30
20.43
122.84
0
12.71
8.26
9.57
5.28
3.75
7.23
61.06
9.61
117.46
872.9
-13.3
59.78
-73.09
18.05
-55.04
0
13.03
8.64
9.98
5.45
3.96
7.39
62.59
9.83
120.87
906.26
-10.74
61.76
-72.64
17.77
-54.62
0
13.35
9.03
10.40
5.61
4.17
7.55
64.12
10.06
124.27
939.63
-8.19
63.74
-72.18
17.48
-54.19
0
13
8
10
6
4
8
64
10
123
889
-244
60
-304
0
-304
$4.49
$5.19
$5.55
$4.78
$1.53
$1.83
$1.83
$1.64
2.43
2.82
2.89
2.71
$4.49
$5.19
$5.55
$4.78
$4.55
$5.24
$5.60
$4.87
$4.61
$5.29
$5.65
$4.96
4.26
4.94
5.27
5.19
3.37
2.42
2.32
2.89
2.88
2.87
2.9
(Source FINBIN Database of Farm Business Management Associations in Southern Minnesota)
Summarized by David Bau data from Southeast, South Central and Southwest Farm Business Management Association 9/15/14
Minnesota Soybean 2015 Budget
SOYBEAN Budget
Southern MN FINBIN Data
Yield per acre (bu.)
Value per bu.
Total product return per acre
Miscellaneous income per acre
Gross return per acre
Maximum Minimum Average
Values
Values
04-2013
53.11
20.7
47.87
13.77
5.05
9.47
678.19
125.76
451.35
58.67
2.14
16.52
693.11
172.76
467.77
Actual
2013
47.03
12.63
594.18
19.29
613.47
Project Project Forecast
2014
2015
2015
48.35
49.66
50
12.96
13.29
10
617.60 641.02
500
17.90
16.52
15
635.51 657.54
515
Direct Expenses
Seed
Fertilizer
Crop chemicals
Crop insurance
Fuel & oil
Repairs
Custom hire
Hired labor
Land rent
Machinery & bldg leases
Marketing
Operating interest
Miscellaneous
Total direct expenses per acre
Return over direct exp per acre
59.99
25.29
34.71
28.96
23.75
31.11
7.61
2.84
231.57
2.94
2.56
10.8
4.72
451.38
291.14
13.1
1.34
17.36
4.84
6.76
14.21
2.33
0.21
77.86
0.35
0.27
5.49
0.8
152.44
20.32
40.90
11.09
26.01
18.74
18.36
25.03
5.16
1.49
150.48
1.70
1.38
7.53
2.58
310.45
157.32
59.99
23.46
34.71
23.29
22.6
31.11
6.67
2.84
231.57
2.94
2.56
5.73
2.35
451.38
162.09
62.33
24.57
35.39
24.21
23.35
31.89
6.86
3.00
239.26
3.04
2.67
5.72
2.42
466.33
169.18
64.68
25.67
36.08
25.14
24.10
32.67
7.04
3.16
246.94
3.14
2.79
5.71
2.48
481.27
176.27
62
25
35
24
24
32
7
3
250
3
3
6
3
477
38
2.23
7.98
5
6.49
3.45
2.51
6.42
40.13
6.33
75.71
527.09
220.88
41.14
179.74
42.16
196.92
1.4
2.87
1.25
1.81
1.54
0.16
3.04
14.9
3.01
34.55
195.92
-23.21
19.79
-47.04
0
-47.04
1.81
5.39
3.94
4.59
2.85
1.59
5.09
27.60
4.96
57.13
367.58
100.19
32.52
74.14
20.68
89.90
0
7.49
4.83
6.49
3.4
2.51
4.53
40.13
6.33
75.71
527.09
86.38
39.44
46.94
16.94
63.88
0.00
7.61
5.01
6.72
3.47
2.64
4.60
40.87
6.41
77.32
543.65
91.86
40.22
51.64
17.79
69.43
0.00
7.73
5.18
6.95
3.55
2.76
4.68
41.61
6.49
78.93
560.20
97.34
41.00
56.34
18.63
74.97
0
8
5
7
4
3
5
41
6
79
556
-41
45
-86
0
-86
9.60
11.21
12.04
11.69
2.68
3.5
4.25
4.68
4.45
1.8
6.55
7.76
8.44
7.68
1.91
9.60
11.21
12.04
11.69
1.84
9.71
11.30
12.11
11.86
1.80
9.82
11.38
12.18
12.02
1.76
9.54
11.12
12.02
11.72
2
Overhead Expenses
Custom hire
Hired labor
Machinery & bldg leases
Farm insurance
Utilities
Dues & professional fees
Interest
Mach & bldg depreciation
Miscellaneous
Total overhead expenses per acre
Total dir & ovhd expenses per acre
Net return per acre
Lbr & mgt charge per acre
Net return over lbr & mgt
Government payments
Net return with gov’t payments
Cost of Production
Total direct expense per bu.
Total dir & ovhd exp per bu.
With labor & management
Total exp less govt & oth income
Est. labor hours per acre
(Source FINBIN Database of Farm Business Management Associations in Southern Minnesota)
Summarized by David Bau data from Southeast, South Central and Southwest Farm Business Management Association 9/15/14