TABLE 11 - 1
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 70 16 19
Number of farms 39 7 7
Acres 158.99 70.71 135.73
Yield per acre (bushel) 25.30 19.12 32.47
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.58 2.11 4.00
Other product return per acre 0.09 - 0.18
Total product return per acre 90.68 40.25 130.17
Miscellaneous income per acre 9.95 7.71 5.70
Gross return per acre 100.62 47.96 135.87
Direct Expenses
Seed 7.78 7.99 8.16
Fertilizer 16.04 17.00 16.75
Crop chemicals 9.93 7.95 15.22
Crop insurance 4.98 5.68 4.63
Fuel & oil 8.06 9.56 6.05
Repairs 10.71 9.84 7.03
Custom hire 1.73 0.21 1.46
Operating interest 1.68 2.54 0.98
Miscellaneous 0.11 - 0.03
Total direct expenses per acre 61.02 60.78 60.31
Return over direct exp per acre 39.60 -12.81 75.56
Overhead Expenses
Hired labor 3.02 1.46 4.20
RE & pers. property taxes 3.71 5.22 2.94
Farm insurance 1.54 2.10 1.55
Utilities 1.41 2.15 0.70
Interest 15.47 22.75 8.01
Mach & bldg depreciation 8.70 6.82 8.26
Miscellaneous 4.67 2.50 3.50
Total overhead expenses per acre 38.51 43.00 29.16
Total dir & ovhd expenses per acre 99.54 103.78 89.47
Net return per acre 1.09 -55.81 46.40
Lbr & mgt charge per acre 13.99 18.21 9.83
Net return over lbr & mgt -12.91 -74.02 36.57
Government payments 16.07 16.45 13.64
Net return with govt payments 3.16 -57.57 50.21
Cost of Production
Total direct expense per bushel 2.41 3.18 1.86
Total dir & ovhd exp per bushel 3.93 5.43 2.76
With labor & management 4.49 6.38 3.06
Total exp less govt & oth income 3.46 5.12 2.46