TABLE 11 - 46
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 97 16 22
Number of farms 56 11 11
Acres 101.58 66.46 66.76
Yield per acre (ton) 0.90 0.46 1.83
Operators share of yield % 100.00 100.00 100.00
Value per ton 38.29 49.80 39.05
Other product return per acre 0.56 0.99 -
Total product return per acre 35.05 23.77 71.47
Miscellaneous income per acre 2.26 0.17 -
Gross return per acre 37.32 23.94 71.47
Direct Expenses
Fertilizer 0.09 0.83 -
Fuel & oil 3.80 4.49 3.93
Repairs 6.09 8.71 6.02
Custom hire 0.82 0.21 0.72
Land rent 12.15 15.58 6.46
Operating interest 1.76 2.56 1.19
Miscellaneous 0.45 0.08 1.15
Total direct expenses per acre 25.15 32.46 19.47
Return over direct exp per acre 12.17 -8.53 52.00
Overhead Expenses
Hired labor 1.70 3.11 0.96
Machinery & bldg leases 0.31 0.93 0.27
Farm insurance 1.26 1.28 1.52
Utilities 0.73 0.90 0.70
Interest 2.14 4.52 3.09
Mach & bldg depreciation 3.95 3.95 5.43
Miscellaneous 1.70 3.15 1.03
Total overhead expenses per acre 11.80 17.83 13.00
Total dir & ovhd expenses per acre 36.95 50.29 32.47
Net return per acre 0.37 -26.36 39.00
Lbr & mgt charge per acre 7.94 9.66 10.81
Net return over lbr & mgt -7.57 -36.02 28.19
Government payments 2.04 3.61 0.20
Net return with govt payments -5.53 -32.40 28.39
Cost of Production
Total direct expense per ton 27.92 70.97 10.64
Total dir & ovhd exp per ton 41.01 109.95 17.74
With labor & management 49.82 131.07 23.65
Total exp less govt & oth income 44.43 120.63 23.54