TABLE 11 - 16
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 42 7 9
Number of farms 39 7 8
Acres 88.60 68.19 127.19
Yield per acre (bu.) 88.58 35.69 116.06
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.15 2.21 2.14
Other product return per acre 4.08 4.71 -
Total product return per acre 194.80 83.53 248.74
Miscellaneous income per acre 10.23 8.49 12.76
Gross return per acre 205.03 92.02 261.51
Direct Expenses
Seed 27.84 25.25 27.90
Fertilizer 26.34 27.81 27.85
Crop chemicals 16.93 12.18 18.13
Crop insurance 8.22 3.35 10.46
Drying fuel 3.96 - 6.08
Fuel & oil 8.53 9.17 7.37
Repairs 11.70 10.07 10.06
Custom hire 4.12 3.77 6.78
Operating interest 3.92 3.58 1.99
Miscellaneous 0.05 - 0.15
Total direct expenses per acre 111.62 95.17 116.77
Return over direct exp per acre 93.41 -3.15 144.74
Overhead Expenses
Custom hire 1.23 - 2.96
Hired labor 3.70 1.56 3.29
Machinery & bldg leases 1.11 0.56 0.86
RE & pers. property taxes 5.90 4.58 5.96
Farm insurance 2.80 3.05 1.55
Utilities 2.11 1.75 1.59
Dues & professional fees 0.60 0.36 0.35
Interest 21.88 18.55 17.23
Mach & bldg depreciation 11.30 10.48 11.68
Miscellaneous 2.68 4.06 3.73
Total overhead expenses per acre 53.31 44.94 49.19
Total dir & ovhd expenses per acre 164.93 140.11 165.96
Net return per acre 40.11 -48.09 95.55
Lbr & mgt charge per acre 16.19 16.81 17.68
Net return over lbr & mgt 23.92 -64.90 77.86
Government payments 10.04 7.30 9.72
Net return with govt payments 33.95 -57.61 87.58
Cost of Production
Total direct expense per bu. 1.26 2.67 1.01
Total dir & ovhd exp per bu. 1.86 3.93 1.43
With labor & management 2.04 4.40 1.58
Total exp less govt & oth income 1.77 3.82 1.39