TABLE 11 - 59
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Prevented planting on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 50 8 11
Number of farms 42 8 9
Acres 80.72 77.19 62.60
Yield per acre ($) - - -
Operators share of yield % 100.00 100.00 100.00
Value per $ - - -
Other product return per acre - - -
Total product return per acre - - -
Miscellaneous income per acre 59.31 27.10 121.99
Gross return per acre 59.31 27.10 121.99
Direct Expenses
Seed 0.32 0.34 1.07
Fertilizer 0.16 - 0.96
Crop chemicals 0.75 - 3.69
Crop insurance 6.14 2.75 13.51
Fuel & oil 2.39 3.22 2.76
Repairs 4.03 5.51 5.29
Operating interest 0.93 0.68 0.84
Total direct expenses per acre 14.72 12.49 28.11
Return over direct exp per acre 44.59 14.61 93.87
Overhead Expenses
Hired labor 1.30 1.55 0.53
RE & pers. property taxes 4.89 6.39 3.92
Farm insurance 0.71 0.62 1.24
Utilities 0.61 0.67 0.83
Dues & professional fees 0.27 0.06 0.83
Interest 9.75 5.79 7.34
Mach & bldg depreciation 3.83 3.35 9.65
Miscellaneous 0.92 1.23 0.49
Total overhead expenses per acre 22.30 19.64 24.81
Total dir & ovhd expenses per acre 37.02 32.14 52.93
Net return per acre 22.29 -5.04 69.06
Lbr & mgt charge per acre 5.52 5.95 7.39
Net return over lbr & mgt 16.77 -10.98 61.67
Government payments 9.14 9.39 10.49
Net return with govt payments 25.91 -1.59 72.17