TABLE 11 - 49
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 58 13 11
Number of farms 51 10 10
Acres 119.74 44.28 155.29
Yield per acre (ton) 1.29 0.57 1.89
Operators share of yield % 100.00 100.00 100.00
Value per ton 32.68 28.46 35.33
Total product return per acre 42.30 16.09 66.77
Miscellaneous income per acre 0.15 0.05 0.34
Gross return per acre 42.44 16.14 67.11
Direct Expenses
Fertilizer 0.17 0.92 -
Fuel & oil 5.13 4.66 4.15
Repairs 6.60 7.36 5.65
Operating interest 2.10 2.65 2.26
Miscellaneous 0.79 0.53 0.85
Total direct expenses per acre 14.78 16.12 12.92
Return over direct exp per acre 27.66 0.02 54.20
Overhead Expenses
Hired labor 2.18 2.38 0.18
RE & pers. property taxes 2.23 2.94 1.02
Farm insurance 1.04 0.88 0.79
Utilities 0.88 0.55 0.44
Interest 7.88 14.92 4.34
Mach & bldg depreciation 4.14 3.58 2.05
Miscellaneous 1.95 2.24 1.75
Total overhead expenses per acre 20.30 27.49 10.58
Total dir & ovhd expenses per acre 35.08 43.61 23.49
Net return per acre 7.36 -27.47 43.62
Lbr & mgt charge per acre 8.89 8.99 6.84
Net return over lbr & mgt -1.53 -36.46 36.78
Government payments 4.02 11.33 4.34
Net return with govt payments 2.50 -25.13 41.12
Cost of Production
Total direct expense per ton 11.42 28.52 6.83
Total dir & ovhd exp per ton 27.11 77.14 12.43
With labor & management 33.98 93.05 16.05
Total exp less govt & oth income 30.75 72.91 13.57