TABLE 11 - 43
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 40 8 8
Number of farms 33 6 7
Acres 73.08 25.15 65.71
Yield per acre (ton) 1.08 0.15 2.47
Operators share of yield % 100.00 100.00 100.00
Value per ton 30.04 27.97 30.11
Other product return per acre 0.52 7.54 -
Total product return per acre 33.08 11.81 74.29
Miscellaneous income per acre - - -
Gross return per acre 33.08 11.81 74.29
Direct Expenses
Crop chemicals 0.19 - 1.07
Fuel & oil 6.15 5.30 4.57
Repairs 6.38 8.25 7.70
Operating interest 1.75 1.13 1.13
Miscellaneous 0.49 0.18 0.71
Total direct expenses per acre 14.97 14.86 15.18
Return over direct exp per acre 18.12 -3.05 59.11
Overhead Expenses
Hired labor 2.81 3.23 2.33
Machinery & bldg leases 0.21 0.72 0.09
RE & pers. property taxes 2.08 3.59 2.52
Farm insurance 0.94 2.52 0.97
Utilities 0.99 1.86 0.70
Interest 7.76 11.01 7.69
Mach & bldg depreciation 2.73 4.51 4.97
Miscellaneous 1.52 1.41 1.65
Total overhead expenses per acre 19.04 28.84 20.94
Total dir & ovhd expenses per acre 34.01 43.70 36.12
Net return per acre -0.92 -31.89 38.17
Lbr & mgt charge per acre 7.01 10.01 6.50
Net return over lbr & mgt -7.93 -41.90 31.67
Government payments 0.58 1.74 1.88
Net return with govt payments -7.35 -40.16 33.56
Cost of Production
Total direct expense per ton 13.81 97.39 6.15
Total dir & ovhd exp per ton 31.37 286.33 14.64
With labor & management 37.84 351.92 17.27
Total exp less govt & oth income 36.83 291.07 16.51