TABLE 11 - 34
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Owned Land
Avg. Of
All Farms
Number of fields 23
Number of farms 22
Acres 158.72
Yield per acre (bushel) 32.68
Operators share of yield % 100.00
Value per bushel 5.07
Total product return per acre 165.73
Miscellaneous income per acre 3.81
Gross return per acre 169.54
Direct Expenses
Seed 16.34
Fertilizer 7.91
Crop chemicals 19.36
Crop insurance 7.53
Fuel & oil 11.61
Repairs 15.12
Custom hire 6.33
Operating interest 2.48
Miscellaneous 0.51
Total direct expenses per acre 87.20
Return over direct exp per acre 82.34
Overhead Expenses
Hired labor 6.20
Machinery & bldg leases 1.66
RE & pers. property taxes 4.69
Farm insurance 2.06
Utilities 2.04
Interest 15.35
Mach & bldg depreciation 12.13
Miscellaneous 2.55
Total overhead expenses per acre 46.68
Total dir & ovhd expenses per acre 133.87
Net return per acre 35.67
Lbr & mgt charge per acre 18.42
Net return over lbr & mgt 17.25
Government payments 22.31
Net return with govt payments 39.56
Cost of Production
Total direct expense per bushel 2.67
Total dir & ovhd exp per bushel 4.10
With labor & management 4.66
Total exp less govt & oth income 3.86