TABLE 11 - 39
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 115 19 19
Number of farms 89 18 18
Acres 64.57 54.57 95.14
Yield per acre (ton) 1.10 0.61 1.50
Operators share of yield % 100.00 100.00 100.00
Value per ton 50.48 47.03 54.75
Other product return per acre 0.52 0.54 1.83
Total product return per acre 56.24 29.09 83.90
Miscellaneous income per acre 6.97 1.20 17.45
Gross return per acre 63.20 30.28 101.35
Direct Expenses
Seed 0.84 3.47 -
Fertilizer 1.08 3.45 -
Crop chemicals 0.60 0.61 1.90
Crop insurance 0.39 0.14 1.26
Fuel & oil 4.97 6.11 4.29
Repairs 7.20 8.99 6.31
Custom hire 1.04 0.51 2.27
Operating interest 1.81 2.01 2.01
Miscellaneous 0.48 0.03 0.63
Total direct expenses per acre 18.41 25.32 18.67
Return over direct exp per acre 44.79 4.96 82.68
Overhead Expenses
Hired labor 1.84 3.61 1.56
Machinery & bldg leases 0.54 0.99 0.29
RE & pers. property taxes 3.35 3.85 2.66
Farm insurance 1.50 1.61 1.01
Utilities 1.15 1.27 1.05
Dues & professional fees 0.21 0.55 0.07
Interest 10.65 17.65 6.94
Mach & bldg depreciation 6.92 7.05 4.94
Miscellaneous 1.68 1.62 1.56
Total overhead expenses per acre 27.84 38.20 20.07
Total dir & ovhd expenses per acre 46.26 63.52 38.74
Net return per acre 16.95 -33.24 62.61
Lbr & mgt charge per acre 9.01 10.60 8.00
Net return over lbr & mgt 7.94 -43.83 54.61
Government payments 4.58 4.60 3.95
Net return with govt payments 12.52 -39.23 58.56
Cost of Production
Total direct expense per ton 16.68 41.71 12.46
Total dir & ovhd exp per ton 41.91 104.64 25.84
With labor & management 50.07 122.11 31.18
Total exp less govt & oth income 39.13 111.67 15.69