TABLE 11 - 4
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 235 43 51
Number of farms 131 26 26
Acres 142.33 120.93 158.05
Yield per acre (bushel) 35.00 25.22 43.97
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.39 3.15 3.50
Total product return per acre 118.53 79.43 153.86
Miscellaneous income per acre 5.36 6.72 4.46
Gross return per acre 123.89 86.15 158.32
Direct Expenses
Seed 6.91 7.27 6.88
Fertilizer 14.93 13.76 13.83
Crop chemicals 11.77 12.38 12.21
Crop insurance 5.68 6.09 5.33
Fuel & oil 7.19 7.07 7.98
Repairs 9.95 11.48 10.24
Custom hire 3.15 3.94 1.87
Operating interest 2.74 4.80 1.80
Miscellaneous 0.40 0.26 0.20
Total direct expenses per acre 62.72 67.05 60.36
Return over direct exp per acre 61.17 19.10 97.96
Overhead Expenses
Hired labor 3.27 4.47 2.95
Machinery & bldg leases 0.79 0.45 0.79
RE & pers. property taxes 3.79 4.05 3.64
Farm insurance 1.55 1.95 1.22
Utilities 1.21 1.36 1.40
Dues & professional fees 0.39 0.74 0.18
Interest 13.76 19.83 9.91
Mach & bldg depreciation 8.18 7.19 7.93
Miscellaneous 2.00 2.33 2.20
Total overhead expenses per acre 34.94 42.38 30.23
Total dir & ovhd expenses per acre 97.66 109.43 90.59
Net return per acre 26.23 -23.27 67.73
Lbr & mgt charge per acre 12.54 14.25 12.45
Net return over lbr & mgt 13.69 -37.52 55.28
Government payments 19.56 21.85 18.71
Net return with govt payments 33.25 -15.67 73.98
Cost of Production
Total direct expense per bushel 1.79 2.66 1.37
Total dir & ovhd exp per bushel 2.79 4.34 2.06
With labor & management 3.15 4.90 2.34
Total exp less govt & oth income 2.44 3.77 1.82