TABLE 11 - 43
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 113 18 33
Number of farms 84 16 17
Acres 71.56 101.42 45.29
Yield per acre (ton) 2.21 1.28 3.25
Operators share of yield % 100.00 100.00 100.00
Value per ton 41.48 39.75 43.81
Other product return per acre 0.16 - 0.73
Total product return per acre 91.91 51.00 143.29
Miscellaneous income per acre 0.91 - 4.94
Gross return per acre 92.83 51.00 148.23
Direct Expenses
Seed 1.18 1.17 1.09
Fertilizer 0.99 - 3.10
Fuel & oil 8.02 9.35 7.33
Repairs 11.54 13.56 11.06
Custom hire 1.27 0.43 0.36
Operating interest 4.24 7.80 4.05
Miscellaneous 0.84 0.81 1.27
Total direct expenses per acre 28.08 33.13 28.27
Return over direct exp per acre 64.75 17.87 119.96
Overhead Expenses
Hired labor 3.57 2.69 3.33
Machinery & bldg leases 0.44 0.20 1.15
RE & pers. property taxes 2.99 2.85 3.23
Farm insurance 2.13 2.21 2.49
Utilities 1.81 1.63 1.73
Interest 11.60 11.99 10.83
Mach & bldg depreciation 8.55 9.06 6.96
Miscellaneous 2.56 3.05 3.12
Total overhead expenses per acre 33.64 33.67 32.84
Total dir & ovhd expenses per acre 61.72 66.80 61.11
Net return per acre 31.11 -15.80 87.12
Lbr & mgt charge per acre 14.05 15.02 15.73
Net return over lbr & mgt 17.06 -30.83 71.39
Government payments 12.02 9.92 10.92
Net return with govt payments 29.07 -20.91 82.31
Cost of Production
Total direct expense per ton 12.69 25.82 8.69
Total dir & ovhd exp per ton 27.90 52.06 18.78
With labor & management 34.25 63.77 23.62
Total exp less govt & oth income 28.34 56.04 18.52