TABLE 11 - 44
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 70 14 11
Number of farms 45 9 9
Acres 80.23 68.70 75.75
Yield per acre (ton) 0.90 0.58 1.59
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.13 33.77 32.88
Other product return per acre 0.17 - -
Total product return per acre 28.28 19.69 52.12
Miscellaneous income per acre - - -
Gross return per acre 28.28 19.69 52.12
Direct Expenses
Fertilizer 0.24 1.40 -
Fuel & oil 4.24 4.74 3.47
Repairs 6.32 8.27 4.88
Land rent 7.11 10.65 3.87
Operating interest 1.25 1.29 1.33
Miscellaneous 0.71 0.30 0.88
Total direct expenses per acre 19.87 26.65 14.42
Return over direct exp per acre 8.41 -6.97 37.70
Overhead Expenses
Hired labor 1.60 2.99 1.97
Machinery & bldg leases 0.54 0.69 1.70
Farm insurance 1.08 1.95 0.81
Utilities 0.91 1.18 0.46
Interest 1.66 2.23 1.25
Mach & bldg depreciation 3.44 4.37 4.52
Miscellaneous 1.08 1.40 1.02
Total overhead expenses per acre 10.31 14.80 11.73
Total dir & ovhd expenses per acre 30.18 41.46 26.15
Net return per acre -1.90 -21.77 25.97
Lbr & mgt charge per acre 7.13 8.77 5.74
Net return over lbr & mgt -9.03 -30.54 20.23
Government payments 0.31 0.76 0.15
Net return with govt payments -8.72 -29.78 20.38
Cost of Production
Total direct expense per ton 22.01 45.72 9.10
Total dir & ovhd exp per ton 33.42 71.11 16.49
With labor & management 41.32 86.15 20.12
Total exp less govt & oth income 40.79 84.85 20.02