TABLE 11 - 20
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 31 6 6
Number of farms 27 5 5
Acres 87.93 62.62 87.77
Yield per acre (bushel) 98.88 75.15 118.55
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.84 1.63 1.86
Other product return per acre 0.73 5.32 -
Total product return per acre 182.58 128.14 220.36
Miscellaneous income per acre 11.39 0.86 55.66
Gross return per acre 193.97 129.00 276.02
Direct Expenses
Seed 23.86 23.28 23.76
Fertilizer 28.09 32.73 27.72
Crop chemicals 24.36 29.51 19.34
Crop insurance 6.24 9.40 7.96
Drying fuel 0.81 0.35 0.68
Fuel & oil 11.16 11.73 9.53
Repairs 12.45 9.20 14.16
Custom hire 6.02 18.11 5.69
Land rent 35.92 36.74 34.02
Operating interest 2.83 3.18 3.05
Miscellaneous 0.46 0.23 -
Total direct expenses per acre 152.20 174.45 145.91
Return over direct exp per acre 41.77 -45.45 130.12
Overhead Expenses
Custom hire 0.46 0.30 2.12
Hired labor 7.21 5.14 8.97
Machinery & bldg leases 3.11 3.88 3.52
Farm insurance 2.43 1.57 3.40
Utilities 2.01 1.87 1.32
Dues & professional fees 0.44 0.57 0.59
Interest 4.85 5.92 3.44
Mach & bldg depreciation 13.50 10.44 14.74
Miscellaneous 2.46 0.39 1.55
Total overhead expenses per acre 36.47 30.08 39.64
Total dir & ovhd expenses per acre 188.67 204.53 185.55
Net return per acre 5.30 -75.53 90.47
Lbr & mgt charge per acre 17.09 17.74 21.76
Net return over lbr & mgt -11.79 -93.27 68.71
Government payments 21.45 24.25 19.38
Net return with govt payments 9.66 -69.02 88.09
Cost of Production
Total direct expense per bushel 1.54 2.32 1.23
Total dir & ovhd exp per bushel 1.91 2.72 1.57
With labor & management 2.08 2.96 1.75
Total exp less govt & oth income 1.74 2.55 1.12