TABLE 11 - 5
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 389 61 92
Number of farms 145 29 29
Acres 157.26 184.40 116.32
Yield per acre (bu.) 23.54 15.84 29.71
Operators share of yield % 100.00 100.00 100.00
Value per bu. 4.05 3.80 4.24
Other product return per acre 0.72 0.73 0.44
Total product return per acre 96.12 60.85 126.29
Miscellaneous income per acre 19.88 20.89 26.22
Gross return per acre 116.00 81.74 152.51
Direct Expenses
Seed 7.23 7.07 7.85
Fertilizer 14.83 16.11 13.83
Crop chemicals 12.57 13.58 13.44
Crop insurance 5.45 4.77 6.44
Fuel & oil 5.32 5.92 6.01
Repairs 9.09 8.26 9.24
Custom hire 3.02 1.78 2.16
Land rent 29.72 28.74 29.31
Operating interest 2.23 2.04 2.03
Miscellaneous 0.54 0.32 0.06
Total direct expenses per acre 89.99 88.58 90.36
Return over direct exp per acre 26.01 -6.85 62.14
Overhead Expenses
Hired labor 2.83 5.30 1.99
Machinery & bldg leases 1.67 2.76 1.13
Farm insurance 1.48 1.95 1.30
Utilities 1.21 1.26 1.24
Interest 2.32 2.68 2.57
Mach & bldg depreciation 8.52 7.82 6.55
Miscellaneous 2.18 3.01 2.20
Total overhead expenses per acre 20.21 24.79 16.99
Total dir & ovhd expenses per acre 110.20 113.37 107.35
Net return per acre 5.80 -31.64 45.16
Lbr & mgt charge per acre 11.66 10.58 12.79
Net return over lbr & mgt -5.86 -42.21 32.37
Government payments 8.76 8.95 8.68
Net return with govt payments 2.90 -33.26 41.04
Cost of Production
Total direct expense per bu. 3.82 5.59 3.04
Total dir & ovhd exp per bu. 4.68 7.16 3.61
With labor & management 5.18 7.83 4.04
Total exp less govt & oth income 3.93 5.90 2.85