TABLE 11 - 5
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 394 71 88
Number of farms 167 33 34
Acres 156.82 129.92 160.46
Yield per acre (bushel) 33.49 23.91 40.34
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.39 3.13 3.58
Other product return per acre 0.00 0.03 -
Total product return per acre 113.58 74.90 144.58
Miscellaneous income per acre 9.42 6.39 12.92
Gross return per acre 123.00 81.30 157.49
Direct Expenses
Seed 7.29 8.13 6.85
Fertilizer 14.95 13.70 14.36
Crop chemicals 11.88 15.41 11.35
Crop insurance 6.48 8.02 6.46
Fuel & oil 6.40 6.77 6.37
Repairs 9.81 10.85 9.38
Custom hire 3.28 3.40 3.17
Land rent 29.10 27.78 28.22
Operating interest 3.12 4.32 2.51
Miscellaneous 0.57 0.45 0.60
Total direct expenses per acre 92.86 98.83 89.27
Return over direct exp per acre 30.14 -17.54 68.22
Overhead Expenses
Hired labor 3.12 2.39 3.10
Machinery & bldg leases 1.54 2.00 1.42
Farm insurance 1.43 1.24 1.35
Utilities 1.13 1.11 1.21
Dues & professional fees 0.44 0.58 0.56
Interest 3.24 3.31 2.77
Mach & bldg depreciation 8.03 6.07 7.89
Miscellaneous 1.86 1.79 1.76
Total overhead expenses per acre 20.78 18.49 20.07
Total dir & ovhd expenses per acre 113.65 117.32 109.34
Net return per acre 9.35 -36.03 48.15
Lbr & mgt charge per acre 12.25 13.37 11.99
Net return over lbr & mgt -2.90 -49.39 36.16
Government payments 20.37 22.01 20.16
Net return with govt payments 17.48 -27.39 56.32
Cost of Production
Total direct expense per bushel 2.77 4.13 2.21
Total dir & ovhd exp per bushel 3.39 4.91 2.71
With labor & management 3.76 5.47 3.01
Total exp less govt & oth income 2.87 4.28 2.19