TABLE 11 - 49
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Native Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 34 7 6
Number of farms 27 5 6
Acres 87.61 41.09 88.50
Yield per acre (ton) 1.02 0.56 1.43
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.83 16.94 35.44
Other product return per acre 0.37 - 1.15
Total product return per acre 32.84 9.42 51.99
Miscellaneous income per acre - - -
Gross return per acre 32.84 9.42 51.99
Direct Expenses
Fuel & oil 3.19 3.39 3.33
Repairs 4.36 6.54 4.54
Operating interest 0.98 1.30 1.56
Miscellaneous 1.08 0.25 1.19
Total direct expenses per acre 9.61 11.47 10.62
Return over direct exp per acre 23.23 -2.05 41.37
Overhead Expenses
Hired labor 2.09 1.06 1.47
Machinery & bldg leases 0.41 0.75 0.11
RE & pers. property taxes 1.99 3.38 1.95
Farm insurance 1.03 1.07 1.30
Utilities 0.69 0.87 0.92
Interest 3.64 4.27 3.43
Mach & bldg depreciation 7.37 9.99 7.33
Miscellaneous 1.34 1.91 1.47
Total overhead expenses per acre 18.57 23.31 17.97
Total dir & ovhd expenses per acre 28.17 34.78 28.59
Net return per acre 4.67 -25.35 23.40
Lbr & mgt charge per acre 7.45 9.89 8.05
Net return over lbr & mgt -2.79 -35.25 15.35
Government payments - - -
Net return with govt payments -2.79 -35.25 15.35
Cost of Production
Total direct expense per ton 9.42 20.62 7.40
Total dir & ovhd exp per ton 27.62 62.51 19.93
With labor & management 34.92 80.29 25.54
Total exp less govt & oth income 34.56 80.29 24.74