TABLE 11 - 1
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 57 7 14
Number of farms 33 6 7
Acres 167.68 197.66 121.89
Yield per acre (bu.) 21.42 15.18 28.70
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.85 2.97 4.86
Other product return per acre 4.43 3.84 1.00
Total product return per acre 86.94 48.96 140.55
Miscellaneous income per acre 23.62 25.55 26.25
Gross return per acre 110.56 74.51 166.80
Direct Expenses
Seed 9.05 8.61 7.08
Fertilizer 13.78 12.99 12.01
Crop chemicals 10.86 9.61 6.99
Crop insurance 4.27 1.93 5.50
Fuel & oil 3.87 4.51 4.20
Repairs 7.75 6.38 8.36
Custom hire 2.75 7.82 0.90
Operating interest 1.50 2.10 1.12
Miscellaneous 0.60 - 0.05
Total direct expenses per acre 54.43 53.96 46.20
Return over direct exp per acre 56.14 20.55 120.61
Overhead Expenses
Hired labor 2.19 1.42 2.08
Machinery & bldg leases 0.54 1.58 0.20
RE & pers. property taxes 3.79 3.21 4.62
Farm insurance 1.29 2.00 1.12
Utilities 1.38 1.91 0.83
Interest 11.47 12.78 13.71
Mach & bldg depreciation 9.87 10.38 9.62
Miscellaneous 3.71 5.42 3.13
Total overhead expenses per acre 34.24 38.69 35.31
Total dir & ovhd expenses per acre 88.67 92.65 81.50
Net return per acre 21.90 -18.15 85.30
Lbr & mgt charge per acre 12.69 13.94 13.44
Net return over lbr & mgt 9.21 -32.09 71.86
Government payments 9.35 6.68 8.11
Net return with govt payments 18.56 -25.41 79.98
Cost of Production
Total direct expense per bu. 2.54 3.55 1.61
Total dir & ovhd exp per bu. 4.14 6.10 2.84
With labor & management 4.73 7.02 3.31
Total exp less govt & oth income 2.99 4.64 2.08