TABLE 11 - 45
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 54 10 11
Number of farms 46 9 9
Acres 118.60 73.39 106.53
Yield per acre (ton) 1.13 0.66 2.58
Operators share of yield % 100.00 100.00 100.00
Value per ton 29.49 33.70 18.28
Other product return per acre 0.07 - 0.19
Total product return per acre 33.36 22.13 47.42
Miscellaneous income per acre 0.31 - 1.64
Gross return per acre 33.67 22.13 49.06
Direct Expenses
Fertilizer 0.71 1.52 0.36
Fuel & oil 4.09 4.75 3.39
Repairs 6.05 6.04 4.81
Custom hire 0.34 1.62 -
Operating interest 1.18 1.21 0.52
Miscellaneous 0.30 0.17 1.17
Total direct expenses per acre 12.66 15.31 10.25
Return over direct exp per acre 21.01 6.82 38.81
Overhead Expenses
Hired labor 2.68 10.34 0.97
RE & pers. property taxes 2.79 2.97 4.42
Farm insurance 1.16 0.77 0.77
Utilities 0.93 0.78 0.71
Interest 6.66 8.82 5.59
Mach & bldg depreciation 4.58 10.32 2.34
Miscellaneous 1.77 2.11 0.86
Total overhead expenses per acre 20.56 36.10 15.64
Total dir & ovhd expenses per acre 33.22 51.42 25.90
Net return per acre 0.45 -29.29 23.16
Lbr & mgt charge per acre 6.73 7.90 6.41
Net return over lbr & mgt -6.29 -37.19 16.76
Government payments 1.49 2.23 3.82
Net return with govt payments -4.79 -34.96 20.58
Cost of Production
Total direct expense per ton 11.21 23.32 3.97
Total dir & ovhd exp per ton 29.43 78.29 10.03
With labor & management 35.39 90.32 12.51
Total exp less govt & oth income 33.73 86.93 10.32