TABLE 11 - 40
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 88 12 17
Number of farms 58 11 12
Acres 59.18 87.99 59.09
Yield per acre (ton) 1.11 0.47 1.79
Operators share of yield % 100.00 100.00 100.00
Value per ton 50.80 53.82 58.27
Other product return per acre 0.36 - -
Total product return per acre 56.76 25.18 104.13
Miscellaneous income per acre 3.70 - 17.54
Gross return per acre 60.46 25.18 121.68
Direct Expenses
Seed 1.05 3.37 0.23
Fertilizer 1.55 3.93 1.30
Crop chemicals 0.73 - -
Crop insurance 0.27 - 1.42
Fuel & oil 4.35 4.07 4.48
Repairs 6.42 6.27 5.83
Custom hire 0.65 0.46 1.87
Land rent 18.00 20.07 13.63
Operating interest 2.58 1.81 5.08
Miscellaneous 0.27 0.25 0.23
Total direct expenses per acre 35.88 40.24 34.07
Return over direct exp per acre 24.58 -15.06 87.60
Overhead Expenses
Hired labor 1.68 1.97 3.21
Machinery & bldg leases 0.43 1.06 0.66
Farm insurance 1.16 1.10 1.40
Utilities 0.86 1.10 0.69
Interest 3.39 2.11 2.07
Mach & bldg depreciation 5.89 6.45 6.78
Miscellaneous 2.00 1.36 2.48
Total overhead expenses per acre 15.41 15.15 17.29
Total dir & ovhd expenses per acre 51.28 55.39 51.36
Net return per acre 9.17 -30.21 70.32
Lbr & mgt charge per acre 8.92 6.77 12.27
Net return over lbr & mgt 0.26 -36.98 58.04
Government payments 3.98 3.70 5.02
Net return with govt payments 4.24 -33.28 63.06
Cost of Production
Total direct expense per ton 32.32 86.01 19.07
Total dir & ovhd exp per ton 46.19 118.41 28.74
With labor & management 54.22 132.87 35.61
Total exp less govt & oth income 46.98 124.96 22.98
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