TABLE 11 - 52
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 49 14 10
Number of farms 31 6 7
Acres 57.11 62.10 75.35
Yield per acre (ton) 1.10 0.80 1.29
Operators share of yield % 100.00 100.00 100.00
Value per ton 41.17 41.22 49.69
Other product return per acre 0.52 - -
Total product return per acre 45.95 32.88 63.98
Miscellaneous income per acre 10.24 - 18.86
Gross return per acre 56.19 32.88 82.83
Direct Expenses
Seed 6.70 7.22 5.31
Fertilizer 11.06 14.93 10.48
Crop chemicals 2.55 4.50 0.51
Crop insurance 1.18 0.74 1.33
Fuel & oil 4.43 4.54 4.44
Repairs 6.52 6.52 7.05
Custom hire 1.57 2.63 0.10
Land rent 19.81 18.49 20.16
Operating interest 1.64 2.61 1.00
Miscellaneous 0.21 0.04 -
Total direct expenses per acre 55.66 62.24 50.38
Return over direct exp per acre 0.53 -29.36 32.45
Overhead Expenses
Hired labor 1.98 0.80 0.93
Machinery & bldg leases 0.53 0.85 0.20
Farm insurance 0.89 0.76 0.66
Utilities 0.76 0.68 0.57
Interest 2.40 3.20 1.43
Mach & bldg depreciation 4.57 4.86 3.52
Miscellaneous 1.88 1.71 2.72
Total overhead expenses per acre 13.00 12.86 10.02
Total dir & ovhd expenses per acre 68.67 75.09 60.40
Net return per acre -12.48 -42.21 22.43
Lbr & mgt charge per acre 8.67 8.57 8.05
Net return over lbr & mgt -21.15 -50.78 14.39
Government payments 5.37 3.67 4.14
Net return with govt payments -15.78 -47.10 18.53
Cost of Production
Total direct expense per ton 50.45 78.02 39.13
Total dir & ovhd exp per ton 62.24 94.14 46.92
With labor & management 70.10 104.88 53.17
Total exp less govt & oth income 55.47 100.27 35.30