TABLE 11 - 41
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 32 7 5
Number of farms 26 5 5
Acres 98.28 52.29 185.80
Yield per acre (ton) 1.23 0.68 1.48
Operators share of yield % 100.00 100.00 100.00
Value per ton 29.94 30.00 31.57
Total product return per acre 36.76 20.33 46.77
Miscellaneous income per acre - - -
Gross return per acre 36.76 20.33 46.77
Direct Expenses
Fuel & oil 5.09 6.57 2.72
Repairs 7.85 8.01 5.25
Operating interest 2.11 0.90 3.87
Miscellaneous 0.63 0.49 -
Total direct expenses per acre 15.68 15.97 11.84
Return over direct exp per acre 21.08 4.36 34.93
Overhead Expenses
Custom hire 0.18 1.57 -
Hired labor 1.85 2.11 3.16
RE & pers. property taxes 2.23 3.98 1.48
Farm insurance 0.89 1.04 0.71
Utilities 1.01 1.21 1.62
Interest 9.98 19.97 6.67
Mach & bldg depreciation 2.56 5.16 1.74
Miscellaneous 2.07 4.82 2.18
Total overhead expenses per acre 20.78 39.86 17.56
Total dir & ovhd expenses per acre 36.46 55.83 29.40
Net return per acre 0.30 -35.50 17.37
Lbr & mgt charge per acre 7.59 10.15 7.38
Net return over lbr & mgt -7.29 -45.64 9.99
Government payments 1.61 2.69 0.41
Net return with govt payments -5.68 -42.96 10.40
Cost of Production
Total direct expense per ton 12.77 23.57 7.99
Total dir & ovhd exp per ton 29.69 82.39 19.84
With labor & management 35.87 97.36 24.82
Total exp less govt & oth income 34.56 93.40 24.55