TABLE 11 - 22
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Flax on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 83 16 18
Number of farms 49 10 10
Acres 118.18 102.63 119.97
Yield per acre (bu.) 18.92 14.18 24.83
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.74 5.77 5.96
Total product return per acre 108.66 81.85 147.89
Miscellaneous income per acre 4.50 2.59 4.78
Gross return per acre 113.15 84.44 152.67
Direct Expenses
Seed 6.25 6.89 5.55
Fertilizer 11.26 11.56 13.61
Crop chemicals 14.38 17.46 14.47
Crop insurance 4.56 5.37 4.40
Fuel & oil 5.41 5.36 6.03
Repairs 9.12 11.88 7.86
Custom hire 2.89 4.12 0.97
Hired labor 0.21 1.24 -
Land rent 28.07 26.07 29.65
Operating interest 2.21 2.38 1.45
Miscellaneous 0.24 0.03 0.01
Total direct expenses per acre 84.60 92.36 84.01
Return over direct exp per acre 28.55 -7.92 68.66
Overhead Expenses
Hired labor 3.14 2.97 5.51
Machinery & bldg leases 0.93 1.06 0.45
Farm insurance 1.49 1.41 1.25
Utilities 1.44 1.48 1.00
Interest 2.11 1.98 2.37
Mach & bldg depreciation 8.58 6.99 6.53
Miscellaneous 1.88 2.64 2.03
Total overhead expenses per acre 19.57 18.54 19.14
Total dir & ovhd expenses per acre 104.18 110.89 103.15
Net return per acre 8.98 -26.46 49.52
Lbr & mgt charge per acre 12.38 12.44 13.00
Net return over lbr & mgt -3.40 -38.90 36.51
Government payments 8.87 8.21 9.15
Net return with govt payments 5.46 -30.69 45.66
Cost of Production
Total direct expense per bu. 4.47 6.51 3.38
Total dir & ovhd exp per bu. 5.51 7.82 4.15
With labor & management 6.16 8.70 4.68
Total exp less govt & oth income 5.45 7.94 4.12