TABLE 11 - 4
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 223 41 50
Number of farms 129 26 26
Acres 131.96 143.19 131.47
Yield per acre (bu.) 22.34 14.81 30.19
Operators share of yield % 100.00 100.00 100.00
Value per bu. 4.00 3.89 4.07
Other product return per acre 1.48 1.83 1.86
Total product return per acre 90.88 59.42 124.85
Miscellaneous income per acre 20.53 13.97 21.29
Gross return per acre 111.41 73.39 146.14
Direct Expenses
Seed 7.08 7.66 7.80
Fertilizer 15.24 16.98 16.27
Crop chemicals 12.62 12.92 12.91
Crop insurance 5.38 4.59 5.46
Fuel & oil 5.84 5.98 5.59
Repairs 9.77 10.51 8.08
Custom hire 2.40 2.72 1.61
Operating interest 2.06 2.77 1.46
Miscellaneous 0.53 1.05 0.36
Total direct expenses per acre 60.92 65.20 59.54
Return over direct exp per acre 50.49 8.19 86.60
Overhead Expenses
Hired labor 2.83 4.31 3.41
Machinery & bldg leases 0.89 0.96 0.92
RE & pers. property taxes 4.35 3.87 4.47
Farm insurance 1.82 1.95 1.76
Utilities 1.50 1.40 1.51
Interest 12.97 19.34 6.82
Mach & bldg depreciation 8.54 6.85 10.58
Miscellaneous 2.54 2.91 2.51
Total overhead expenses per acre 35.44 41.59 31.99
Total dir & ovhd expenses per acre 96.36 106.79 91.53
Net return per acre 15.05 -33.40 54.62
Lbr & mgt charge per acre 12.73 12.19 13.07
Net return over lbr & mgt 2.33 -45.59 41.54
Government payments 8.49 8.90 8.43
Net return with govt payments 10.82 -36.69 49.98
Cost of Production
Total direct expense per bu. 2.73 4.40 1.97
Total dir & ovhd exp per bu. 4.31 7.21 3.03
With labor & management 4.88 8.03 3.46
Total exp less govt & oth income 3.52 6.37 2.42