TABLE 11 - 48
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Native Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 36 5 7
Number of farms 27 5 5
Acres 80.68 103.34 94.17
Yield per acre (ton) 1.28 1.05 2.04
Operators share of yield % 100.00 100.00 100.00
Value per ton 26.97 21.61 29.75
Other product return per acre 0.14 - -
Total product return per acre 34.67 22.59 60.73
Miscellaneous income per acre - - -
Gross return per acre 34.67 22.59 60.73
Direct Expenses
Fuel & oil 4.29 6.52 4.26
Repairs 5.42 11.03 2.49
Custom hire 1.53 3.87 -
Operating interest 0.82 0.81 0.05
Miscellaneous 0.58 1.17 1.37
Total direct expenses per acre 12.62 23.40 8.16
Return over direct exp per acre 22.05 -0.81 52.56
Overhead Expenses
Hired labor 2.79 2.02 2.17
Machinery & bldg leases 0.37 1.09 0.66
RE & pers. property taxes 2.15 3.12 1.07
Farm insurance 1.06 1.39 0.78
Utilities 0.55 0.85 0.39
Interest 6.15 16.20 1.68
Mach & bldg depreciation 5.33 7.46 7.81
Miscellaneous 1.58 2.58 1.08
Total overhead expenses per acre 19.97 34.71 15.64
Total dir & ovhd expenses per acre 32.60 58.10 23.80
Net return per acre 2.07 -35.52 36.92
Lbr & mgt charge per acre 8.05 10.76 5.74
Net return over lbr & mgt -5.98 -46.28 31.18
Government payments - - -
Net return with govt payments -5.98 -46.28 31.18
Cost of Production
Total direct expense per ton 9.86 22.38 4.00
Total dir & ovhd exp per ton 25.47 55.59 11.66
With labor & management 31.75 65.88 14.47
Total exp less govt & oth income 31.64 65.88 14.47