TABLE 11 - 3
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Share Rent
Avg. Of
All Farms
Number of fields 36
Number of farms 22
Acres 135.29
Yield per acre (bu.) 23.51
Operators share of yield % 65.01
Value per bu. 4.05
Total product return per acre 61.98
Miscellaneous income per acre 5.66
Gross return per acre 67.64
Direct Expenses
Seed 8.25
Fertilizer 12.19
Crop chemicals 10.51
Crop insurance 2.99
Fuel & oil 4.66
Repairs 7.43
Custom hire 2.67
Operating interest 1.20
Miscellaneous 1.56
Total direct expenses per acre 51.46
Return over direct exp per acre 16.18
Overhead Expenses
Hired labor 2.93
Farm insurance 1.28
Utilities 1.05
Interest 1.67
Mach & bldg depreciation 9.59
Miscellaneous 2.87
Total overhead expenses per acre 19.39
Total dir & ovhd expenses per acre 70.85
Net return per acre -3.21
Lbr & mgt charge per acre 10.19
Net return over lbr & mgt -13.41
Government payments 5.12
Net return with govt payments -8.29
Cost of Production
Total direct expense per bu. 3.37
Total dir & ovhd exp per bu. 4.64
With labor & management 5.30
Total exp less govt & oth income 4.60