TABLE 11 - 41
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Share Rent
Avg. Of
All Farms
Number of fields 10
Number of farms 10
Acres 53.38
Yield per acre (ton) 1.88
Operators share of yield % 60.92
Value per ton 48.80
Total product return per acre 55.80
Miscellaneous income per acre -
Gross return per acre 55.80
Direct Expenses
Fuel & oil 5.18
Repairs 6.91
Operating interest 1.11
Miscellaneous 0.34
Total direct expenses per acre 13.54
Return over direct exp per acre 42.25
Overhead Expenses
Hired labor 1.14
Farm insurance 1.17
Utilities 0.83
Interest 2.28
Mach & bldg depreciation 3.46
Miscellaneous 1.74
Total overhead expenses per acre 10.61
Total dir & ovhd expenses per acre 24.16
Net return per acre 31.64
Lbr & mgt charge per acre 7.17
Net return over lbr & mgt 24.47
Government payments 3.98
Net return with govt payments 28.45
Cost of Production
Total direct expense per ton 11.85
Total dir & ovhd exp per ton 21.13
With labor & management 27.40
Total exp less govt & oth income 23.92