TABLE 11 - 6
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 216 34 48
Number of farms 83 16 17
Acres 123.11 83.42 143.63
Yield per acre (bushel) 32.86 30.93 40.59
Operators share of yield % 67.73 70.32 68.01
Value per bushel 2.91 2.77 2.94
Total product return per acre 64.59 60.44 80.77
Miscellaneous income per acre 2.28 1.41 2.02
Gross return per acre 66.87 61.85 82.79
Direct Expenses
Seed 7.01 8.10 6.92
Fertilizer 15.89 19.15 14.74
Crop chemicals 10.91 15.25 11.28
Crop insurance 5.12 5.95 4.66
Fuel & oil 7.77 7.96 7.21
Repairs 10.39 15.94 9.04
Custom hire 2.10 4.56 1.26
Operating interest 2.54 3.67 1.74
Miscellaneous 0.95 0.40 1.06
Total direct expenses per acre 62.68 80.98 57.90
Return over direct exp per acre 4.19 -19.13 24.89
Overhead Expenses
Hired labor 2.88 3.90 2.83
Machinery & bldg leases 1.60 0.93 1.80
Farm insurance 1.46 2.54 1.47
Utilities 1.20 1.34 1.07
Dues & professional fees 0.41 0.99 0.44
Interest 3.45 5.98 2.95
Mach & bldg depreciation 6.63 10.69 5.43
Miscellaneous 1.80 2.00 1.90
Total overhead expenses per acre 19.44 28.37 17.88
Total dir & ovhd expenses per acre 82.12 109.35 75.79
Net return per acre -15.25 -47.50 7.01
Lbr & mgt charge per acre 12.29 15.12 10.93
Net return over lbr & mgt -27.55 -62.62 -3.92
Government payments 12.26 12.28 11.97
Net return with govt payments -15.29 -50.35 8.05
Cost of Production
Total direct expense per bushel 2.82 3.72 2.10
Total dir & ovhd exp per bushel 3.69 5.03 2.75
With labor & management 4.24 5.72 3.14
Total exp less govt & oth income 3.59 5.09 2.63