TABLE 11 - 30
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 54 12 10
Number of farms 39 7 7
Acres 146.45 93.00 145.33
Yield per acre (bushel) 31.43 21.32 40.03
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.04 4.90 5.11
Total product return per acre 158.51 104.38 204.68
Miscellaneous income per acre 1.87 5.25 5.48
Gross return per acre 160.37 109.63 210.16
Direct Expenses
Seed 21.16 27.09 21.83
Fertilizer 7.55 15.55 2.68
Crop chemicals 18.40 20.46 15.11
Crop insurance 6.83 8.08 7.57
Fuel & oil 9.70 9.81 9.41
Repairs 12.80 15.45 14.05
Custom hire 2.61 1.81 2.86
Land rent 33.02 27.86 39.52
Operating interest 2.98 5.70 1.94
Miscellaneous 0.12 - -
Total direct expenses per acre 115.16 131.81 114.98
Return over direct exp per acre 45.21 -22.18 95.18
Overhead Expenses
Hired labor 5.01 9.33 3.80
Machinery & bldg leases 3.53 0.95 2.07
Farm insurance 2.89 3.28 4.24
Utilities 2.00 2.07 1.70
Dues & professional fees 0.41 0.69 0.19
Interest 5.91 4.21 7.00
Mach & bldg depreciation 10.49 12.05 11.51
Miscellaneous 2.90 5.75 1.55
Total overhead expenses per acre 33.13 38.34 32.07
Total dir & ovhd expenses per acre 148.29 170.15 147.05
Net return per acre 12.08 -60.51 63.11
Lbr & mgt charge per acre 15.84 16.31 20.70
Net return over lbr & mgt -3.76 -76.82 42.41
Government payments 21.45 16.98 24.78
Net return with govt payments 17.69 -59.84 67.19
Cost of Production
Total direct expense per bushel 3.66 6.18 2.87
Total dir & ovhd exp per bushel 4.72 7.98 3.67
With labor & management 5.22 8.75 4.19
Total exp less govt & oth income 4.48 7.70 3.43