TABLE 11 - 29
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 32 5 6
Number of farms 28 5 5
Acres 126.33 46.12 123.37
Yield per acre (bushel) 32.31 17.72 35.43
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.98 5.06 5.31
Total product return per acre 160.92 89.64 188.24
Miscellaneous income per acre 7.49 2.68 39.80
Gross return per acre 168.41 92.32 228.04
Direct Expenses
Seed 18.77 26.16 23.92
Fertilizer 12.70 12.95 6.89
Crop chemicals 22.27 15.85 21.65
Crop insurance 5.99 6.70 8.83
Fuel & oil 9.73 9.02 5.22
Repairs 11.22 11.72 8.95
Custom hire 5.83 2.12 8.50
Operating interest 1.36 5.04 0.98
Miscellaneous 0.18 - -
Total direct expenses per acre 88.05 89.56 84.93
Return over direct exp per acre 80.36 2.76 143.11
Overhead Expenses
Custom hire 0.61 - 2.85
Hired labor 5.17 7.45 2.10
Machinery & bldg leases 1.42 1.74 1.94
RE & pers. property taxes 5.28 8.85 6.34
Farm insurance 2.39 2.57 2.01
Utilities 1.59 1.18 0.81
Dues & professional fees 0.26 0.76 0.38
Interest 12.55 23.21 20.80
Mach & bldg depreciation 10.75 9.29 6.72
Miscellaneous 2.63 2.82 0.81
Total overhead expenses per acre 42.66 57.89 44.76
Total dir & ovhd expenses per acre 130.70 147.44 129.69
Net return per acre 37.71 -55.12 98.35
Lbr & mgt charge per acre 16.44 12.79 18.82
Net return over lbr & mgt 21.27 -67.91 79.53
Government payments 21.41 18.16 22.54
Net return with govt payments 42.68 -49.75 102.07
Cost of Production
Total direct expense per bushel 2.73 5.05 2.40
Total dir & ovhd exp per bushel 4.05 8.32 3.66
With labor & management 4.55 9.04 4.19
Total exp less govt & oth income 3.66 7.87 2.43