TABLE 11 - 4
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 239 53 49
Number of farms 132 26 26
Acres 141.55 121.08 219.40
Yield per acre (bushel) 34.14 27.08 43.01
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.95 2.95 2.96
Other product return per acre 0.09 - 0.17
Total product return per acre 100.87 79.89 127.64
Miscellaneous income per acre 3.56 3.15 3.46
Gross return per acre 104.43 83.04 131.10
Direct Expenses
Seed 7.75 7.47 7.19
Fertilizer 18.00 17.51 20.22
Crop chemicals 12.19 15.43 10.58
Crop insurance 5.76 7.10 4.77
Fuel & oil 7.75 9.54 7.37
Repairs 10.18 13.30 9.39
Custom hire 3.66 5.78 3.16
Operating interest 2.37 4.01 1.72
Miscellaneous 0.40 0.00 0.70
Total direct expenses per acre 68.06 80.14 65.10
Return over direct exp per acre 36.37 2.91 66.00
Overhead Expenses
Hired labor 3.12 4.04 4.36
Machinery & bldg leases 0.96 0.57 0.79
RE & pers. property taxes 4.30 5.49 4.09
Farm insurance 1.80 2.34 1.78
Utilities 1.38 2.24 1.02
Interest 13.89 20.46 8.75
Mach & bldg depreciation 8.14 7.94 8.65
Miscellaneous 2.71 2.92 2.79
Total overhead expenses per acre 36.29 46.02 32.24
Total dir & ovhd expenses per acre 104.35 126.15 97.33
Net return per acre 0.08 -43.11 33.76
Lbr & mgt charge per acre 13.04 16.78 11.00
Net return over lbr & mgt -12.96 -59.89 22.77
Government payments 17.88 20.90 17.23
Net return with govt payments 4.92 -39.00 40.00
Cost of Production
Total direct expense per bushel 1.99 2.96 1.51
Total dir & ovhd exp per bushel 3.06 4.66 2.26
With labor & management 3.44 5.28 2.52
Total exp less govt & oth income 2.81 4.39 2.03