TABLE 11 - 31
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 91 14 23
Number of farms 57 11 12
Acres 165.27 87.80 202.37
Yield per acre (bu.) 32.24 17.42 39.15
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.15 5.14 5.19
Total product return per acre 166.21 89.49 203.10
Miscellaneous income per acre 7.47 20.76 2.94
Gross return per acre 173.68 110.25 206.05
Direct Expenses
Seed 22.94 22.39 19.75
Fertilizer 9.23 7.56 7.44
Crop chemicals 15.86 19.52 16.58
Crop insurance 6.53 5.57 5.56
Fuel & oil 6.47 8.73 6.96
Repairs 12.12 11.42 11.42
Custom hire 4.21 3.76 4.25
Land rent 35.76 30.95 34.53
Operating interest 3.54 3.26 3.05
Miscellaneous 0.32 0.61 0.01
Total direct expenses per acre 116.99 113.77 109.56
Return over direct exp per acre 56.69 -3.52 96.49
Overhead Expenses
Hired labor 3.54 5.11 3.94
Machinery & bldg leases 2.46 2.54 2.98
Farm insurance 2.10 1.88 1.89
Utilities 1.90 1.34 2.21
Dues & professional fees 0.52 0.41 0.42
Interest 2.75 2.50 3.17
Mach & bldg depreciation 10.10 9.77 10.65
Miscellaneous 2.57 2.19 2.58
Total overhead expenses per acre 25.93 25.74 27.85
Total dir & ovhd expenses per acre 142.92 139.51 137.41
Net return per acre 30.76 -29.26 68.64
Lbr & mgt charge per acre 14.31 15.60 13.43
Net return over lbr & mgt 16.45 -44.87 55.22
Government payments 10.26 10.50 10.31
Net return with govt payments 26.70 -34.36 65.52
Cost of Production
Total direct expense per bu. 3.63 6.53 2.80
Total dir & ovhd exp per bu. 4.43 8.01 3.51
With labor & management 4.88 8.90 3.85
Total exp less govt & oth income 4.33 7.11 3.51