TABLE 11 - 51
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 37 6 7
Number of farms 34 6 7
Acres 72.38 71.55 91.86
Yield per acre (ton) 1.02 0.31 2.16
Operators share of yield % 100.00 100.00 100.00
Value per ton 40.80 43.77 41.60
Other product return per acre 0.02 - 0.08
Total product return per acre 41.64 13.44 90.04
Miscellaneous income per acre 10.92 2.07 15.47
Gross return per acre 52.56 15.51 105.51
Direct Expenses
Seed 5.23 4.53 7.44
Fertilizer 5.89 5.00 6.82
Crop chemicals 2.03 1.38 1.59
Crop insurance 1.45 1.52 2.17
Fuel & oil 5.44 6.27 7.12
Repairs 6.67 9.05 5.83
Custom hire 0.80 0.50 -
Operating interest 2.02 2.97 2.02
Miscellaneous 0.39 0.05 1.26
Total direct expenses per acre 29.93 31.27 34.25
Return over direct exp per acre 22.63 -15.76 71.26
Overhead Expenses
Hired labor 1.62 1.40 2.10
Machinery & bldg leases 0.39 0.78 0.03
RE & pers. property taxes 2.89 3.80 2.44
Farm insurance 1.35 1.29 0.74
Utilities 1.02 1.21 0.72
Interest 10.81 17.84 10.71
Mach & bldg depreciation 5.70 6.84 2.45
Miscellaneous 2.24 2.81 1.85
Total overhead expenses per acre 26.02 35.98 21.05
Total dir & ovhd expenses per acre 55.95 67.25 55.31
Net return per acre -3.39 -51.74 50.20
Lbr & mgt charge per acre 9.73 11.88 9.49
Net return over lbr & mgt -13.12 -63.62 40.72
Government payments 4.85 3.50 3.72
Net return with govt payments -8.28 -60.12 44.44
Cost of Production
Total direct expense per ton 29.34 101.85 15.84
Total dir & ovhd exp per ton 54.84 219.04 25.58
With labor & management 64.38 257.75 29.96
Total exp less govt & oth income 48.91 239.61 21.05