TABLE 11 - 56
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
CRP on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 92 17 17
Number of farms 64 13 13
Acres 156.66 140.37 158.72
Yield per acre ($) 31.45 22.27 39.96
Operators share of yield % 100.00 100.00 100.00
Value per $ 1.00 1.00 1.00
Other product return per acre 0.65 - 3.17
Total product return per acre 32.10 22.27 43.13
Miscellaneous income per acre 0.47 - -
Gross return per acre 32.57 22.27 43.13
Direct Expenses
Seed 0.65 1.21 -
Crop chemicals 0.58 0.30 1.40
Fuel & oil 0.61 1.17 0.22
Repairs 1.03 2.27 0.40
Miscellaneous 0.25 0.48 0.07
Total direct expenses per acre 3.13 5.43 2.08
Return over direct exp per acre 29.44 16.85 41.05
Overhead Expenses
RE & pers. property taxes 3.79 3.18 4.58
Farm insurance 0.47 0.37 1.26
Utilities 0.28 0.33 0.53
Interest 6.43 8.60 3.40
Mach & bldg depreciation 0.91 1.92 0.31
Miscellaneous 0.81 0.69 0.95
Total overhead expenses per acre 12.69 15.09 11.02
Total dir & ovhd expenses per acre 15.83 20.52 13.10
Net return per acre 16.75 1.75 30.03
Lbr & mgt charge per acre 1.82 2.49 2.85
Net return over lbr & mgt 14.92 -0.74 27.18
Government payments - - -
Net return with govt payments 14.92 -0.74 27.18