TABLE 11 - 15
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 57 8 19
Number of farms 28 5 6
Acres 106.77 92.09 87.35
Yield per acre (cwt.) 13.64 10.50 15.79
Operators share of yield % 68.35 67.15 68.78
Value per cwt. 11.25 10.82 11.67
Total product return per acre 104.82 76.31 126.77
Miscellaneous income per acre 3.66 7.29 5.59
Gross return per acre 108.49 83.60 132.35
Direct Expenses
Seed 22.82 24.14 20.27
Fertilizer 16.24 15.37 17.06
Crop chemicals 15.79 16.80 18.21
Crop insurance 3.66 4.50 4.18
Fuel & oil 5.52 6.40 5.56
Repairs 9.47 12.12 8.40
Custom hire 2.30 0.62 1.74
Machinery & bldg leases 0.11 0.91 -
Operating interest 2.34 2.56 2.12
Miscellaneous 0.03 0.25 -
Total direct expenses per acre 78.29 83.66 77.54
Return over direct exp per acre 30.20 -0.06 54.81
Overhead Expenses
Hired labor 1.35 1.80 0.86
Machinery & bldg leases 2.03 0.30 4.49
Farm insurance 1.37 1.40 1.11
Utilities 1.45 2.51 1.72
Dues & professional fees 0.84 0.68 1.03
Interest 3.23 2.94 3.53
Mach & bldg depreciation 8.34 11.22 4.16
Miscellaneous 1.19 2.51 0.81
Total overhead expenses per acre 19.81 23.36 17.72
Total dir & ovhd expenses per acre 98.10 107.02 95.26
Net return per acre 10.38 -23.42 37.09
Lbr & mgt charge per acre 13.48 16.79 13.25
Net return over lbr & mgt -3.10 -40.21 23.84
Government payments 6.90 6.38 8.30
Net return with govt payments 3.81 -33.83 32.14
Cost of Production
Total direct expense per cwt. 8.40 11.86 7.14
Total dir & ovhd exp per cwt. 10.53 15.17 8.77
With labor & management 11.97 17.55 9.99
Total exp less govt & oth income 10.84 15.61 8.71