TABLE 11 - 14
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 147 35 32
Number of farms 69 14 14
Acres 114.68 90.62 125.72
Yield per acre (cwt.) 10.81 6.08 15.98
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 11.15 10.40 11.58
Other product return per acre 0.13 - -
Total product return per acre 120.74 63.24 185.07
Miscellaneous income per acre 18.31 25.66 7.43
Gross return per acre 139.05 88.89 192.50
Direct Expenses
Seed 22.67 20.59 25.80
Fertilizer 17.73 18.99 19.96
Crop chemicals 14.23 13.43 16.07
Crop insurance 7.16 5.61 6.48
Fuel & oil 5.05 5.71 5.15
Repairs 9.60 11.80 8.12
Custom hire 2.89 2.26 2.51
Land rent 29.97 31.00 27.82
Operating interest 2.28 2.61 1.00
Miscellaneous 0.52 0.98 -
Total direct expenses per acre 112.11 112.98 112.91
Return over direct exp per acre 26.94 -24.09 79.59
Overhead Expenses
Hired labor 3.45 3.87 5.82
Machinery & bldg leases 0.99 0.30 1.25
Farm insurance 1.43 1.40 1.26
Utilities 1.22 1.29 0.81
Interest 2.03 2.25 0.72
Mach & bldg depreciation 8.83 6.53 10.05
Miscellaneous 2.14 2.13 1.82
Total overhead expenses per acre 20.09 17.77 21.71
Total dir & ovhd expenses per acre 132.20 130.75 134.63
Net return per acre 6.85 -41.86 57.88
Lbr & mgt charge per acre 12.47 12.56 12.77
Net return over lbr & mgt -5.62 -54.42 45.11
Government payments 9.03 8.69 9.55
Net return with govt payments 3.42 -45.73 54.66
Cost of Production
Total direct expense per cwt. 10.37 18.59 7.07
Total dir & ovhd exp per cwt. 12.22 21.51 8.42
With labor & management 13.38 23.58 9.22
Total exp less govt & oth income 10.84 17.93 8.16