Dakota Lakes Research Farm
 

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Rotation:  Winter Wheat - Corn - Cool Season Broadleaf
Year Winter Wheat Corn Flax/Chickpea
1993 83 131 30
1994 41 105 22
1995 51 90 18
1996 60 95 17
1997 65 121 16501
Average 60 110 22/16501
 
1 1997 Broadleaf crop - lbs/ac
 
Crop Cost2 Income Profit
Wheat $130 $80 $50
Corn $178 $219 $41
Flax (1993-1996) $112 $92 <$20>
Chickpea (1997) $208 $198 <$10>
Rotation - FX/CP $140/172 $164/199 $24/27
 
2 Used 1997 production costs (except flax) for calculating 1993-1997 average profit per acre.
 
Rotation:  Spring Wheat - Winter Wheat - Corn/Sorghum - Warm Season Broadleaf
Year Spring Wheat Winter Wheat Corn Soybean/Sunflower
1993 69 72 120 33/1670
1994 32 41 120 28/950
1995 51 56 111 36/1700
1996 58 58 105 24/1698
1997 49 71 115 43/1912
Average 52 60 114 33/1586
 
Crop Cost2 Income Profit
Spring Wheat $112 $167 $55
Winter Wheat $113 $180 $47
Corn $182 $228 $46
Soybeans/Sunflowers $121/134 $163/143 $42/9
Rotation - SB/Sunflowers $137/145 $185/180 $48/35
 
2 Used 1997 production costs for calculating 1993-1997 average profit per acre.
 
Rotation:  Winter Wheat - Warm Season Broadleaf - Corn/Sorghum - Cool Season Broadleaf
Year Winter Wheat Soybean/Sunflower Corn Lentil/Field Pea 3
1993 54 41/1580 120 1150
1994 32 28/1050 65 1200
1995 60 32/1140 108 800
1996 58 24/2135 75 1000
1997 45 47/1960 142 0/42
Average 50 34/1573 101 830
 
3 Field peas in bu/ac
 
Crop Cost2 Income Profit
Winter Wheat $140 $150 $10
Soybean/Sunflower $151/161 $171/142 $20/<19>
Corn $149 $204 $55
Lentil $105 $117 $12
Rotation - SB/Sunflowers $136/143 $161/173 $25/10
 
2 Used 1997 production costs for calculating 1993-1997 average profit per acre.
 
2 1997 Production Costs were calculated using "Cost And Return Estimator (CARE)". CARE calculates ownership, operating, labor, and fuel costs for each field operation. Care also calculates capital costs (interest on materials), drying costs, and land charges.
 
1997 Costs Include: (Item amount/acre)
  • Land Charges $30.00
  • Insecticide Treatment on Corn & Sunflower acres $9.45
  • Amortized Costs
  • Three Year Rotation - 1,800 acres $6.87
  • Four Year Rotation - 2,400 acres
Amortization Cost for Dakota Lakes Research Farm
  • Semi-tractor $7,000
  • Grain trailer $15,300
  • Bins with dryers $20,000
  • Grain Cart $7,700
  • Total $50,000

 

Overhead costs include semi-tractor, grain trailer, grain cart, grain bins and Operation and Maintenance (O&M) cost of this equipment. Semi-tractor, trailer, and grain cart costs are amortized over 10 years and 10% interest. The cost of the grain bins and drying facilities are amortized over 20 years and 10% interest. The yearly amortized cost is then divided by the potential number of acres that could be farmed in a given rotation.
 
Semi-tractor, grain trailer, grain cart = $30,000 O&M = $3,000.
  • Amortization Factor for 10 years @ 10% interest is .163.
  • Yearly amount = $7,890
Grain bins and drying facilities = $20,000 O&M = $2,141.
  • Amortization Factor for 20 years @ 10% interest is .117.
  • Yearly amount = $4,481
Total Annual Amortized Cost for the above equipment = $12,371
 
Prices used for income (1993-1997) calculations are as follows:
  • Corn - $2/bu
  • Winter Whear - $3/bu
  • Spring Wheat - $3.20/bu
  • Flax - $4.20/bu
  • Soybeans $5/bu
  • Field Peas $.50/bu
  • Sunflower $9/cwt
  • Popcorn $.12/lb
  • Chickpea $.12/lb
  • Lentils $.14/lb
Government Farm Program Benefits Were NOT Included As Income.

   

2005 Dakota Lakes Research Farm

PO Box 2     Pierre, SD  57501    605-224-6114