TABLE 11 - 2
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 128 33 21
Number of farms 46 9 9
Acres 118.50 97.00 178.74
Yield per acre (bushel) 24.03 16.82 32.08
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.38 2.75 4.27
Other product return per acre 0.79 - -
Total product return per acre 82.04 46.29 137.09
Miscellaneous income per acre 17.17 21.27 5.68
Gross return per acre 99.21 67.57 142.77
Direct Expenses
Seed 8.16 7.43 9.81
Fertilizer 15.37 15.76 16.92
Crop chemicals 10.13 8.26 10.49
Crop insurance 6.10 5.38 4.91
Fuel & oil 6.39 7.99 5.82
Repairs 10.13 13.51 8.98
Custom hire 1.43 0.93 1.39
Land rent 28.12 30.89 23.71
Operating interest 2.19 2.67 1.82
Miscellaneous 0.06 - 0.02
Total direct expenses per acre 88.08 92.82 83.88
Return over direct exp per acre 11.12 -25.25 58.90
Overhead Expenses
Hired labor 2.83 2.21 5.33
Machinery & bldg leases 1.33 0.85 0.80
Farm insurance 1.02 1.15 1.22
Utilities 0.99 1.73 0.82
Dues & professional fees 0.54 0.89 0.57
Interest 3.27 5.08 3.12
Mach & bldg depreciation 7.40 6.94 8.91
Miscellaneous 1.83 1.54 3.03
Total overhead expenses per acre 19.21 20.39 23.80
Total dir & ovhd expenses per acre 107.29 113.20 107.68
Net return per acre -8.09 -45.64 35.09
Lbr & mgt charge per acre 11.26 13.02 10.45
Net return over lbr & mgt -19.35 -58.66 24.64
Government payments 16.16 17.04 15.34
Net return with govt payments -3.19 -41.62 39.98
Cost of Production
Total direct expense per bushel 3.67 5.52 2.61
Total dir & ovhd exp per bushel 4.47 6.73 3.36
With labor & management 4.93 7.50 3.68
Total exp less govt & oth income 3.51 5.23 3.03