TABLE 11 - 39
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 106 28 18
Number of farms 71 14 14
Acres 74.78 106.71 74.82
Yield per acre (ton) 2.03 1.51 3.04
Operators share of yield % 100.00 100.00 100.00
Value per ton 41.35 36.75 47.96
Total product return per acre 83.78 55.35 145.63
Miscellaneous income per acre - - -
Gross return per acre 83.78 55.35 145.63
Direct Expenses
Seed 1.39 2.45 0.68
Fertilizer 0.89 1.99 0.41
Crop insurance 0.40 0.66 -
Fuel & oil 6.98 6.54 7.74
Repairs 9.09 7.95 8.27
Custom hire 4.09 8.23 4.61
Land rent 18.61 19.41 19.10
Operating interest 2.90 3.30 2.29
Miscellaneous 1.21 1.72 0.83
Total direct expenses per acre 45.56 52.24 43.92
Return over direct exp per acre 38.22 3.11 101.71
Overhead Expenses
Hired labor 2.18 1.81 2.40
Machinery & bldg leases 0.40 0.02 1.46
Farm insurance 1.81 2.30 1.19
Utilities 1.42 1.41 1.20
Interest 4.27 2.82 3.42
Mach & bldg depreciation 7.50 6.67 6.51
Miscellaneous 2.32 1.33 3.45
Total overhead expenses per acre 19.92 16.36 19.64
Total dir & ovhd expenses per acre 65.48 68.60 63.56
Net return per acre 18.30 -13.25 82.07
Lbr & mgt charge per acre 12.39 9.72 12.49
Net return over lbr & mgt 5.91 -22.98 69.59
Government payments 9.57 7.77 13.37
Net return with govt payments 15.48 -15.21 82.96
Cost of Production
Total direct expense per ton 22.49 34.69 14.46
Total dir & ovhd exp per ton 32.31 45.55 20.93
With labor & management 38.43 52.01 25.04
Total exp less govt & oth income 33.71 46.85 20.64