TABLE 11 - 2
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 239 46 42
Number of farms 90 18 18
Acres 130.73 77.04 134.01
Yield per acre (bushel) 25.69 31.53 21.62
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.58 1.68 2.86
Total product return per acre 66.32 52.93 61.89
Miscellaneous income per acre 36.92 6.93 90.45
Gross return per acre 103.24 59.86 152.34
Direct Expenses
Seed 7.58 7.43 7.31
Fertilizer 10.59 12.98 10.32
Crop chemicals 10.28 11.34 10.21
Crop insurance 9.46 7.03 14.70
Fuel & oil 6.23 5.82 6.33
Repairs 8.44 9.86 7.51
Custom hire 2.01 6.86 0.30
Land rent 28.26 28.46 31.20
Operating interest 3.54 4.85 2.66
Miscellaneous 0.55 0.05 1.15
Total direct expenses per acre 86.93 94.69 91.69
Return over direct exp per acre 16.31 -34.83 60.65
Overhead Expenses
Hired labor 2.40 0.84 1.90
Machinery & bldg leases 1.81 0.35 3.06
Farm insurance 1.19 1.86 0.86
Utilities 1.11 1.28 1.06
Interest 3.61 3.79 3.57
Mach & bldg depreciation 6.32 5.53 5.11
Miscellaneous 2.71 2.07 1.78
Total overhead expenses per acre 19.14 15.71 17.34
Total dir & ovhd expenses per acre 106.07 110.40 109.03
Net return per acre -2.83 -50.54 43.30
Lbr & mgt charge per acre 12.11 16.26 11.78
Net return over lbr & mgt -14.94 -66.80 31.52
Government payments 20.86 22.60 18.55
Net return with govt payments 5.92 -44.20 50.07
Cost of Production
Total direct expense per bushel 3.38 3.00 4.24
Total dir & ovhd exp per bushel 4.13 3.50 5.04
With labor & management 4.60 4.02 5.59
Total exp less govt & oth income 2.35 3.08 0.55