TABLE 11 - 21
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Flax on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 53 8 11
Number of farms 41 8 8
Acres 117.87 89.60 94.85
Yield per acre (bu.) 17.16 11.03 25.89
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.78 5.59 5.85
Other product return per acre 0.45 0.67 2.24
Total product return per acre 99.58 62.33 153.79
Miscellaneous income per acre 10.81 7.09 1.58
Gross return per acre 110.39 69.43 155.37
Direct Expenses
Seed 6.45 6.15 6.71
Fertilizer 11.47 11.93 12.62
Crop chemicals 15.43 17.19 15.97
Crop insurance 4.46 4.46 2.64
Fuel & oil 5.16 5.19 4.99
Repairs 10.59 14.01 7.13
Custom hire 2.24 6.31 2.19
Operating interest 2.21 2.44 0.98
Miscellaneous 0.01 - -
Total direct expenses per acre 58.02 67.68 53.23
Return over direct exp per acre 52.38 1.74 102.14
Overhead Expenses
Hired labor 1.86 2.99 2.45
Machinery & bldg leases 1.47 0.14 0.80
RE & pers. property taxes 4.32 4.77 4.34
Farm insurance 1.63 2.07 1.61
Utilities 1.39 1.31 1.31
Dues & professional fees 0.55 0.25 0.23
Interest 12.58 27.50 3.46
Mach & bldg depreciation 10.04 7.27 13.33
Miscellaneous 1.76 1.04 2.46
Total overhead expenses per acre 35.61 47.33 30.00
Total dir & ovhd expenses per acre 93.63 115.01 83.23
Net return per acre 16.76 -45.58 72.14
Lbr & mgt charge per acre 13.20 13.21 13.02
Net return over lbr & mgt 3.56 -58.79 59.11
Government payments 9.25 9.72 9.36
Net return with govt payments 12.80 -49.08 68.48
Cost of Production
Total direct expense per bu. 3.38 6.14 2.06
Total dir & ovhd exp per bu. 5.46 10.43 3.21
With labor & management 6.22 11.63 3.72
Total exp less govt & oth income 5.03 10.04 3.21