TABLE 11 - 50
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Native Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 82 16 21
Number of farms 34 6 7
Acres 48.97 44.05 43.28
Yield per acre (ton) 1.30 0.80 1.57
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.72 26.70 36.44
Other product return per acre 0.02 - 0.11
Total product return per acre 41.28 21.47 57.27
Miscellaneous income per acre - - -
Gross return per acre 41.28 21.47 57.27
Direct Expenses
Fuel & oil 4.63 5.38 4.19
Repairs 6.95 8.36 3.79
Land rent 6.53 5.13 5.88
Operating interest 1.32 1.45 1.06
Miscellaneous 0.51 - 0.68
Total direct expenses per acre 19.95 20.31 15.59
Return over direct exp per acre 21.33 1.15 41.68
Overhead Expenses
Hired labor 1.54 3.82 0.54
Farm insurance 1.15 2.19 0.90
Utilities 0.71 1.16 0.39
Dues & professional fees 0.47 0.72 0.36
Interest 1.75 1.61 1.74
Mach & bldg depreciation 4.35 6.58 1.94
Miscellaneous 2.10 1.28 1.03
Total overhead expenses per acre 12.07 17.35 6.91
Total dir & ovhd expenses per acre 32.01 37.67 22.50
Net return per acre 9.27 -16.20 34.77
Lbr & mgt charge per acre 7.22 8.81 6.31
Net return over lbr & mgt 2.05 -25.01 28.47
Government payments - - -
Net return with govt payments 2.05 -25.01 28.47
Cost of Production
Total direct expense per ton 15.34 25.27 9.94
Total dir & ovhd exp per ton 24.62 46.85 14.34
With labor & management 30.17 57.81 18.36
Total exp less govt & oth income 30.15 57.81 18.29