TABLE 11 - 1
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 154 25 20
Number of farms 78 15 15
Acres 128.98 63.24 178.22
Yield per acre (bushel) 29.01 28.20 37.65
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.76 1.94 3.37
Other product return per acre 0.04 - -
Total product return per acre 80.18 54.74 127.03
Miscellaneous income per acre 18.43 13.03 26.27
Gross return per acre 98.61 67.77 153.30
Direct Expenses
Seed 7.18 7.46 8.13
Fertilizer 10.69 11.49 11.36
Crop chemicals 10.08 16.74 13.14
Crop insurance 6.34 6.11 7.15
Fuel & oil 7.08 6.90 6.42
Repairs 9.88 12.97 10.56
Custom hire 2.09 4.73 1.55
Operating interest 3.14 3.24 1.41
Miscellaneous 0.45 0.02 0.21
Total direct expenses per acre 56.93 69.66 59.93
Return over direct exp per acre 41.67 -1.89 93.37
Overhead Expenses
Hired labor 2.80 1.44 2.44
Machinery & bldg leases 1.31 0.30 0.48
RE & pers. property taxes 4.07 4.50 4.19
Farm insurance 1.37 1.79 1.19
Utilities 1.53 1.70 1.28
Dues & professional fees 0.47 0.62 0.64
Interest 15.26 23.90 11.38
Mach & bldg depreciation 8.32 8.12 9.67
Miscellaneous 3.34 3.31 3.80
Total overhead expenses per acre 38.47 45.67 35.07
Total dir & ovhd expenses per acre 95.40 115.33 95.00
Net return per acre 3.21 -47.56 58.30
Lbr & mgt charge per acre 13.34 16.20 14.42
Net return over lbr & mgt -10.14 -63.76 43.88
Government payments 20.79 18.45 21.59
Net return with govt payments 10.66 -45.31 65.47
Cost of Production
Total direct expense per bushel 1.96 2.47 1.59
Total dir & ovhd exp per bushel 3.29 4.09 2.52
With labor & management 3.75 4.67 2.91
Total exp less govt & oth income 2.40 3.55 1.64