TABLE 11 - 6
Crop Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 172 22 55
Number of farms 79 16 16
Acres 134.30 205.81 101.08
Yield per acre (bu.) 26.07 14.40 36.58
Operators share of yield % 67.70 67.64 69.07
Value per bu. 4.05 3.76 4.21
Other product return per acre 0.04 - -
Total product return per acre 71.52 36.63 106.49
Miscellaneous income per acre 7.27 9.81 3.88
Gross return per acre 78.80 46.44 110.37
Direct Expenses
Seed 6.04 6.07 6.53
Fertilizer 13.49 16.40 12.35
Crop chemicals 10.41 10.93 10.59
Crop insurance 4.05 4.46 4.19
Fuel & oil 5.42 5.27 6.42
Repairs 9.83 10.53 9.53
Custom hire 1.20 1.10 0.38
Operating interest 1.97 1.34 2.35
Miscellaneous 0.44 2.08 0.05
Total direct expenses per acre 52.87 58.18 52.40
Return over direct exp per acre 25.93 -11.74 57.97
Overhead Expenses
Hired labor 2.67 2.86 2.42
Machinery & bldg leases 1.19 1.05 2.04
Farm insurance 1.42 1.87 1.30
Utilities 1.23 0.79 1.28
Interest 2.23 2.18 2.81
Mach & bldg depreciation 6.70 6.54 6.15
Miscellaneous 1.77 1.95 1.14
Total overhead expenses per acre 17.22 17.24 17.13
Total dir & ovhd expenses per acre 70.09 75.42 69.53
Net return per acre 8.71 -28.98 40.84
Lbr & mgt charge per acre 11.17 9.65 12.29
Net return over lbr & mgt -2.46 -38.62 28.55
Government payments 6.02 6.77 6.13
Net return with govt payments 3.56 -31.85 34.68
Cost of Production
Total direct expense per bu. 3.00 5.97 2.07
Total dir & ovhd exp per bu. 3.97 7.74 2.75
With labor & management 4.60 8.73 3.24
Total exp less govt & oth income 3.85 7.03 2.84