TABLE 11 - 3
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 66 8 12
Number of farms 32 6 6
Acres 138.41 100.53 135.56
Yield per acre (bushel) 24.01 25.45 28.91
Operators share of yield % 67.21 67.12 69.26
Value per bushel 3.58 2.69 4.22
Total product return per acre 58.60 46.23 85.93
Miscellaneous income per acre 14.78 7.72 13.32
Gross return per acre 73.38 53.95 99.24
Direct Expenses
Seed 8.33 8.39 7.03
Fertilizer 13.75 15.53 12.66
Crop chemicals 10.58 13.97 8.82
Crop insurance 4.18 8.44 4.73
Fuel & oil 6.73 9.32 5.38
Repairs 10.19 15.05 8.88
Custom hire 0.99 3.87 0.66
Operating interest 2.25 3.38 1.25
Miscellaneous 0.12 - 0.02
Total direct expenses per acre 57.12 77.94 49.44
Return over direct exp per acre 16.27 -23.99 49.80
Overhead Expenses
Hired labor 4.72 4.36 3.39
Machinery & bldg leases 1.00 1.97 0.71
Farm insurance 1.25 2.68 1.30
Utilities 0.89 1.66 0.80
Interest 2.70 4.79 3.29
Mach & bldg depreciation 7.62 9.73 5.81
Miscellaneous 3.29 2.34 2.97
Total overhead expenses per acre 21.46 27.53 18.27
Total dir & ovhd expenses per acre 78.58 105.48 67.71
Net return per acre -5.20 -51.53 31.53
Lbr & mgt charge per acre 11.42 15.20 10.59
Net return over lbr & mgt -16.62 -66.73 20.94
Government payments 11.30 10.13 11.69
Net return with govt payments -5.32 -56.60 32.63
Cost of Production
Total direct expense per bushel 3.54 4.56 2.47
Total dir & ovhd exp per bushel 4.87 6.18 3.38
With labor & management 5.58 7.07 3.91
Total exp less govt & oth income 3.96 6.02 2.66