TABLE 11 - 2
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 121 21 21
Number of farms 45 9 9
Acres 120.64 160.79 142.83
Yield per acre (bu.) 21.21 9.73 29.70
Operators share of yield % 100.00 100.00 100.00
Value per bu. 4.00 3.61 4.56
Other product return per acre 1.12 1.75 -
Total product return per acre 85.97 36.84 135.34
Miscellaneous income per acre 15.32 22.20 3.89
Gross return per acre 101.29 59.04 139.23
Direct Expenses
Seed 9.92 11.10 10.17
Fertilizer 14.44 16.14 12.09
Crop chemicals 11.00 13.44 5.99
Crop insurance 4.72 6.32 4.66
Fuel & oil 5.03 4.86 5.11
Repairs 9.00 7.59 8.79
Custom hire 3.69 5.55 2.04
Hired labor 0.20 0.86 -
Land rent 25.25 27.41 24.54
Machinery & bldg leases 0.21 0.66 0.01
Operating interest 1.66 2.81 0.89
Miscellaneous 0.57 2.14 0.28
Total direct expenses per acre 85.71 98.88 74.56
Return over direct exp per acre 15.58 -39.85 64.67
Overhead Expenses
Hired labor 3.29 3.14 1.87
Machinery & bldg leases 1.12 1.51 0.15
Farm insurance 1.14 1.21 1.17
Utilities 1.04 1.59 0.95
Interest 1.99 1.77 1.81
Mach & bldg depreciation 7.55 3.15 10.97
Miscellaneous 2.12 2.00 2.74
Total overhead expenses per acre 18.24 14.37 19.66
Total dir & ovhd expenses per acre 103.95 113.25 94.22
Net return per acre -2.66 -54.21 45.02
Lbr & mgt charge per acre 10.84 9.44 11.23
Net return over lbr & mgt -13.49 -63.65 33.79
Government payments 7.26 7.03 7.24
Net return with govt payments -6.24 -56.63 41.03
Cost of Production
Total direct expense per bu. 4.04 10.16 2.51
Total dir & ovhd exp per bu. 4.90 11.64 3.17
With labor & management 5.41 12.61 3.55
Total exp less govt & oth income 4.30 9.43 3.18