TABLE 11 - 13
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 66 10 12
Number of farms 45 9 9
Acres 117.58 148.52 112.42
Yield per acre (cwt.) 11.02 8.00 16.84
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 10.87 9.31 11.32
Total product return per acre 119.80 74.51 190.59
Miscellaneous income per acre 14.37 10.73 16.62
Gross return per acre 134.17 85.24 207.21
Direct Expenses
Seed 22.65 17.72 23.86
Fertilizer 18.84 23.76 18.63
Crop chemicals 13.22 20.30 14.17
Crop insurance 4.53 3.32 4.84
Fuel & oil 6.08 5.52 4.47
Repairs 9.59 10.21 7.32
Custom hire 1.87 0.37 3.70
Operating interest 1.90 1.97 0.77
Miscellaneous 0.04 0.11 0.11
Total direct expenses per acre 78.73 83.28 77.87
Return over direct exp per acre 55.44 1.96 129.34
Overhead Expenses
Hired labor 2.71 2.91 2.70
Machinery & bldg leases 0.83 1.98 0.89
RE & pers. property taxes 4.53 5.49 3.77
Farm insurance 2.09 2.31 1.71
Utilities 1.80 1.49 1.22
Interest 11.43 18.49 3.05
Mach & bldg depreciation 9.51 7.04 11.26
Miscellaneous 2.14 2.51 2.45
Total overhead expenses per acre 35.05 42.21 27.05
Total dir & ovhd expenses per acre 113.78 125.49 104.92
Net return per acre 20.39 -40.25 102.29
Lbr & mgt charge per acre 13.64 13.20 12.63
Net return over lbr & mgt 6.76 -53.45 89.66
Government payments 8.80 7.88 9.72
Net return with govt payments 15.56 -45.57 99.38
Cost of Production
Total direct expense per cwt. 7.15 10.41 4.63
Total dir & ovhd exp per cwt. 10.33 15.68 6.23
With labor & management 11.56 17.33 6.98
Total exp less govt & oth income 9.46 15.01 5.42