TABLE 11 - 30
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 52 9 11
Number of farms 43 8 9
Acres 148.44 103.12 306.61
Yield per acre (bu.) 33.46 19.14 37.58
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.17 5.07 5.22
Total product return per acre 172.88 97.05 196.03
Miscellaneous income per acre 6.24 3.44 9.56
Gross return per acre 179.11 100.50 205.58
Direct Expenses
Seed 20.23 22.71 15.31
Fertilizer 7.06 6.03 6.19
Crop chemicals 19.07 15.11 19.71
Crop insurance 6.25 5.33 5.80
Fuel & oil 7.83 8.73 8.64
Repairs 14.34 15.20 15.47
Custom hire 2.37 4.74 2.45
Operating interest 2.54 4.17 0.79
Miscellaneous 0.75 0.17 1.45
Total direct expenses per acre 80.44 82.18 75.81
Return over direct exp per acre 98.67 18.31 129.77
Overhead Expenses
Custom hire 0.88 - 1.88
Hired labor 5.01 3.84 7.12
Machinery & bldg leases 1.38 0.59 0.81
RE & pers. property taxes 6.27 5.50 6.79
Farm insurance 2.40 3.18 1.83
Utilities 1.99 3.10 1.57
Dues & professional fees 0.41 1.30 0.17
Interest 14.26 15.03 7.52
Mach & bldg depreciation 11.72 7.15 14.14
Miscellaneous 1.70 2.44 1.70
Total overhead expenses per acre 46.03 42.12 43.51
Total dir & ovhd expenses per acre 126.47 124.31 119.32
Net return per acre 52.65 -23.81 86.27
Lbr & mgt charge per acre 16.94 21.89 17.02
Net return over lbr & mgt 35.70 -45.70 69.24
Government payments 10.12 10.48 9.75
Net return with govt payments 45.82 -35.22 78.99
Cost of Production
Total direct expense per bu. 2.40 4.29 2.02
Total dir & ovhd exp per bu. 3.78 6.50 3.17
With labor & management 4.29 7.64 3.63
Total exp less govt & oth income 3.80 6.91 3.11