TABLE 11 - 42
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, CRP on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 104 22 20
Number of farms 75 15 15
Acres 131.06 103.88 109.79
Yield per acre (ton) 1.77 1.09 2.34
Operators share of yield % 100.00 100.00 100.00
Value per ton 34.40 33.01 37.55
Total product return per acre 60.77 35.99 87.80
Miscellaneous income per acre - - -
Gross return per acre 60.77 35.99 87.80
Direct Expenses
Fuel & oil 4.33 5.58 3.99
Repairs 6.21 8.39 6.02
Custom hire 6.26 4.28 -
Land rent 2.11 2.49 2.00
Operating interest 1.47 2.62 0.99
Miscellaneous 0.69 0.60 0.67
Total direct expenses per acre 21.07 23.97 13.67
Return over direct exp per acre 39.70 12.02 74.13
Overhead Expenses
Hired labor 1.28 2.39 0.77
Machinery & bldg leases 0.50 1.87 0.12
Farm insurance 1.22 1.47 0.94
Utilities 0.78 1.14 0.54
Interest 1.99 2.40 1.31
Mach & bldg depreciation 4.70 6.52 3.47
Miscellaneous 1.71 1.71 1.84
Total overhead expenses per acre 12.19 17.51 9.00
Total dir & ovhd expenses per acre 33.26 41.48 22.67
Net return per acre 27.52 -5.49 65.13
Lbr & mgt charge per acre 7.25 8.34 6.40
Net return over lbr & mgt 20.26 -13.83 58.74
Government payments - - -
Net return with govt payments 20.26 -13.83 58.74
Cost of Production
Total direct expense per ton 11.93 21.99 5.85
Total dir & ovhd exp per ton 18.83 38.05 9.70
With labor & management 22.93 45.70 12.43
Total exp less govt & oth income 22.93 45.70 12.43