TABLE 11 - 44
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 93 22 13
Number of farms 56 11 11
Acres 87.86 93.35 93.32
Yield per acre (ton) 1.25 0.62 1.92
Operators share of yield % 100.00 100.00 100.00
Value per ton 36.43 32.09 41.41
Other product return per acre 0.11 0.43 -
Total product return per acre 45.54 20.38 79.68
Miscellaneous income per acre 1.85 7.35 -
Gross return per acre 47.39 27.73 79.68
Direct Expenses
Fuel & oil 5.14 5.84 3.89
Repairs 7.41 9.63 5.74
Custom hire 0.66 0.33 -
Land rent 12.48 16.01 8.68
Operating interest 1.61 2.00 0.87
Miscellaneous 0.40 0.72 0.28
Total direct expenses per acre 27.70 34.54 19.46
Return over direct exp per acre 19.69 -6.80 60.22
Overhead Expenses
Hired labor 2.22 4.32 3.32
Farm insurance 1.10 0.98 0.66
Utilities 0.68 0.45 0.59
Interest 2.66 3.54 2.72
Mach & bldg depreciation 4.00 4.38 3.00
Miscellaneous 1.89 2.55 1.53
Total overhead expenses per acre 12.54 16.22 11.83
Total dir & ovhd expenses per acre 40.24 50.75 31.28
Net return per acre 7.15 -23.02 48.40
Lbr & mgt charge per acre 9.22 11.19 6.50
Net return over lbr & mgt -2.06 -34.21 41.90
Government payments 6.14 11.68 8.27
Net return with govt payments 4.07 -22.53 50.16
Cost of Production
Total direct expense per ton 22.21 55.56 10.11
Total dir & ovhd exp per ton 32.26 81.65 16.26
With labor & management 39.65 99.65 19.64
Total exp less govt & oth income 33.16 68.34 15.34