TABLE 11 - 50
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 96 16 15
Number of farms 53 10 10
Acres 96.67 79.49 90.32
Yield per acre (ton) 1.28 1.07 1.91
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.78 30.08 32.90
Total product return per acre 40.74 32.25 62.95
Miscellaneous income per acre 0.20 - -
Gross return per acre 40.94 32.25 62.95
Direct Expenses
Fertilizer 0.10 0.74 -
Fuel & oil 4.80 5.33 3.64
Repairs 7.25 7.90 4.84
Land rent 11.11 15.31 13.08
Operating interest 1.80 3.81 1.60
Miscellaneous 1.04 0.54 0.74
Total direct expenses per acre 26.11 33.62 23.90
Return over direct exp per acre 14.83 -1.37 39.04
Overhead Expenses
Hired labor 1.35 3.58 0.24
Machinery & bldg leases 0.17 0.10 0.51
Farm insurance 0.82 1.77 0.71
Utilities 0.71 1.26 0.59
Interest 2.38 4.61 1.31
Mach & bldg depreciation 3.84 5.88 2.37
Miscellaneous 1.51 2.41 1.13
Total overhead expenses per acre 10.78 19.61 6.85
Total dir & ovhd expenses per acre 36.89 53.23 30.76
Net return per acre 4.05 -20.97 32.19
Lbr & mgt charge per acre 8.12 9.67 7.30
Net return over lbr & mgt -4.06 -30.64 24.88
Government payments 6.97 9.26 7.42
Net return with govt payments 2.91 -21.39 32.30
Cost of Production
Total direct expense per ton 20.37 31.36 12.50
Total dir & ovhd exp per ton 28.78 49.64 16.08
With labor & management 35.11 58.66 19.90
Total exp less govt & oth income 29.51 50.03 16.02