TABLE 11 - 38
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 100 15 34
Number of farms 77 15 15
Acres 66.79 44.12 41.25
Yield per acre (ton) 2.36 1.43 3.21
Operators share of yield % 100.00 100.00 100.00
Value per ton 42.63 40.46 47.64
Other product return per acre 0.70 6.35 -
Total product return per acre 101.29 64.07 153.00
Miscellaneous income per acre - - -
Gross return per acre 101.29 64.07 153.00
Direct Expenses
Seed 0.99 3.17 -
Fuel & oil 8.51 15.12 5.88
Repairs 10.63 17.31 9.60
Custom hire 2.18 0.46 2.21
Operating interest 2.25 1.95 0.89
Miscellaneous 1.17 0.84 1.06
Total direct expenses per acre 25.72 38.85 19.62
Return over direct exp per acre 75.57 25.22 133.37
Overhead Expenses
Hired labor 3.22 3.01 3.39
Machinery & bldg leases 0.69 2.12 0.18
RE & pers. property taxes 2.68 2.80 2.75
Farm insurance 2.04 2.15 1.94
Utilities 1.85 2.43 1.30
Interest 11.82 16.41 10.19
Mach & bldg depreciation 8.02 12.07 7.25
Miscellaneous 2.55 5.40 1.92
Total overhead expenses per acre 32.86 46.39 28.93
Total dir & ovhd expenses per acre 58.58 85.24 48.55
Net return per acre 42.71 -21.17 104.44
Lbr & mgt charge per acre 13.13 16.30 15.87
Net return over lbr & mgt 29.58 -37.46 88.57
Government payments 9.35 12.58 4.56
Net return with govt payments 38.93 -24.88 93.13
Cost of Production
Total direct expense per ton 10.90 27.23 6.11
Total dir & ovhd exp per ton 24.83 59.74 15.12
With labor & management 30.39 71.16 20.06
Total exp less govt & oth income 26.13 57.89 18.64