TABLE 11 - 19
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn Silage on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 31 5 6
Number of farms 28 5 6
Acres 51.10 55.74 70.05
Yield per acre (ton) 8.25 3.04 11.67
Operators share of yield % 100.00 100.00 100.00
Value per ton 16.62 17.91 15.62
Total product return per acre 137.08 54.38 182.33
Miscellaneous income per acre 8.76 26.21 -
Gross return per acre 145.84 80.59 182.33
Direct Expenses
Seed 21.35 22.20 21.52
Fertilizer 11.86 20.32 6.77
Crop chemicals 15.20 11.96 19.46
Crop insurance 2.36 3.09 2.52
Fuel & oil 10.06 8.96 11.50
Repairs 15.85 14.71 18.19
Custom hire 2.74 3.19 3.07
Operating interest 4.32 5.28 4.74
Miscellaneous 0.66 - -
Total direct expenses per acre 84.40 89.71 87.77
Return over direct exp per acre 61.45 -9.12 94.56
Overhead Expenses
Hired labor 5.05 1.57 4.14
Machinery & bldg leases 2.13 3.82 0.45
RE & pers. property taxes 4.40 3.80 3.15
Farm insurance 2.31 2.95 1.86
Utilities 1.89 1.92 1.64
Interest 14.38 22.55 7.60
Mach & bldg depreciation 9.70 10.05 7.25
Miscellaneous 3.70 3.65 2.59
Total overhead expenses per acre 43.55 50.32 28.67
Total dir & ovhd expenses per acre 127.94 140.03 116.44
Net return per acre 17.90 -59.43 65.89
Lbr & mgt charge per acre 17.32 16.39 16.16
Net return over lbr & mgt 0.58 -75.82 49.73
Government payments 7.09 6.89 7.37
Net return with govt payments 7.67 -68.93 57.10
Cost of Production
Total direct expense per ton 10.24 29.55 7.52
Total dir & ovhd exp per ton 15.52 46.13 9.98
With labor & management 17.62 51.52 11.36
Total exp less govt & oth income 15.69 40.62 10.73