TABLE 11 - 17
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 51 8 10
Number of farms 41 8 8
Acres 99.02 39.45 154.23
Yield per acre (bu.) 101.12 31.75 107.95
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.14 2.25 2.16
Other product return per acre 2.36 19.96 -
Total product return per acre 218.85 91.45 233.23
Miscellaneous income per acre 5.46 4.94 12.85
Gross return per acre 224.31 96.38 246.08
Direct Expenses
Seed 27.12 24.75 25.18
Fertilizer 24.71 22.64 24.00
Crop chemicals 17.55 12.29 16.39
Crop insurance 7.91 2.52 9.03
Drying fuel 2.69 - -
Fuel & oil 8.45 6.94 8.95
Repairs 13.65 12.24 14.11
Custom hire 5.07 6.07 0.31
Land rent 38.02 27.65 41.66
Operating interest 3.72 2.04 2.94
Miscellaneous 0.14 0.47 -
Total direct expenses per acre 149.02 117.59 142.58
Return over direct exp per acre 75.29 -21.21 103.50
Overhead Expenses
Custom hire 1.02 0.02 2.38
Hired labor 4.93 4.55 6.01
Machinery & bldg leases 3.94 0.37 2.13
Farm insurance 2.34 2.09 1.87
Utilities 2.09 1.47 2.03
Dues & professional fees 0.73 0.29 0.62
Interest 3.46 2.60 2.43
Mach & bldg depreciation 12.39 5.41 12.41
Miscellaneous 1.81 2.91 2.51
Total overhead expenses per acre 32.72 19.71 32.39
Total dir & ovhd expenses per acre 181.74 137.30 174.97
Net return per acre 42.57 -40.92 71.11
Lbr & mgt charge per acre 15.80 14.60 16.43
Net return over lbr & mgt 26.76 -55.52 54.68
Government payments 10.85 8.16 10.76
Net return with govt payments 37.62 -47.36 65.44
Cost of Production
Total direct expense per bu. 1.47 3.70 1.32
Total dir & ovhd exp per bu. 1.80 4.33 1.62
With labor & management 1.95 4.78 1.77
Total exp less govt & oth income 1.77 3.74 1.55