TABLE 11 - 50
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 33 7 7
Number of farms 31 6 6
Acres 55.63 40.23 64.66
Yield per acre (ton) 2.04 1.51 3.05
Operators share of yield % 100.00 100.00 100.00
Value per ton 35.67 34.31 38.39
Total product return per acre 72.75 51.85 116.92
Miscellaneous income per acre 0.28 - -
Gross return per acre 73.03 51.85 116.92
Direct Expenses
Seed 5.47 4.42 7.94
Fertilizer 6.89 0.85 8.90
Crop chemicals 2.07 2.49 1.89
Crop insurance 0.59 - 0.43
Fuel & oil 6.36 11.40 4.81
Repairs 8.69 13.63 8.75
Custom hire 2.28 5.59 0.29
Operating interest 2.54 4.00 4.75
Miscellaneous 0.31 0.08 0.13
Total direct expenses per acre 35.19 42.46 37.88
Return over direct exp per acre 37.84 9.39 79.04
Overhead Expenses
Hired labor 3.21 4.39 2.47
Machinery & bldg leases 0.79 0.89 0.42
RE & pers. property taxes 2.73 4.32 2.94
Farm insurance 1.36 1.76 1.05
Utilities 1.74 2.86 0.53
Interest 11.71 16.01 13.93
Mach & bldg depreciation 6.10 11.01 5.10
Miscellaneous 2.55 4.96 1.98
Total overhead expenses per acre 30.19 46.21 28.42
Total dir & ovhd expenses per acre 65.38 88.68 66.29
Net return per acre 7.64 -36.82 50.63
Lbr & mgt charge per acre 11.07 15.67 10.35
Net return over lbr & mgt -3.43 -52.49 40.28
Government payments 10.96 15.62 11.27
Net return with govt payments 7.54 -36.87 51.55
Cost of Production
Total direct expense per ton 17.26 28.09 12.44
Total dir & ovhd exp per ton 32.06 58.67 21.77
With labor & management 37.49 69.03 25.17
Total exp less govt & oth income 31.98 58.70 21.46