TABLE 11 - 26
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Oats on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 28 5 5
Number of farms 28 5 5
Acres 50.27 40.70 57.68
Yield per acre (bushel) 45.13 23.39 63.62
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.36 1.26 1.45
Other product return per acre 1.39 1.03 -
Total product return per acre 62.55 30.46 92.07
Miscellaneous income per acre 6.73 6.85 7.05
Gross return per acre 69.29 37.31 99.11
Direct Expenses
Seed 4.85 6.17 7.66
Fertilizer 7.17 6.06 8.99
Crop chemicals 3.51 3.28 2.72
Crop insurance 2.19 0.93 0.15
Fuel & oil 9.05 11.62 6.41
Repairs 12.19 13.59 8.66
Custom hire 4.72 4.04 5.57
Operating interest 1.95 3.16 1.72
Miscellaneous 0.26 - -
Total direct expenses per acre 45.89 48.84 41.87
Return over direct exp per acre 23.40 -11.53 57.24
Overhead Expenses
Hired labor 2.02 0.10 0.56
Machinery & bldg leases 0.67 0.26 -
RE & pers. property taxes 2.88 3.90 2.63
Farm insurance 1.57 1.86 0.64
Utilities 1.61 2.84 1.11
Interest 12.96 23.21 12.69
Mach & bldg depreciation 6.68 9.39 4.17
Miscellaneous 3.58 6.13 1.36
Total overhead expenses per acre 31.96 47.70 23.16
Total dir & ovhd expenses per acre 77.85 96.54 65.03
Net return per acre -8.56 -59.23 34.08
Lbr & mgt charge per acre 15.67 33.07 9.62
Net return over lbr & mgt -24.23 -92.30 24.46
Government payments 12.34 12.58 7.16
Net return with govt payments -11.89 -79.72 31.62
Cost of Production
Total direct expense per bushel 1.02 2.09 0.66
Total dir & ovhd exp per bushel 1.72 4.13 1.02
With labor & management 2.07 5.54 1.17
Total exp less govt & oth income 1.62 4.67 0.95