TABLE - 37
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 70 16 14
Number of farms 55 11 11
Acres 77.54 47.12 93.03
Yield per acre (ton) 1.81 1.23 2.81
Operators share of yield % 100.00 100.00 100.00
Value per ton 51.21 44.65 66.26
Total product return per acre 92.89 55.06 186.43
Miscellaneous income per acre - - -
Gross return per acre 92.89 55.06 186.43
Direct Expenses
Seed 0.91 3.89 -
Fertilizer 1.20 3.07 1.14
Crop chemicals 0.98 0.15 3.26
Crop insurance 0.37 0.06 1.01
Fuel & oil 5.58 8.43 4.33
Repairs 8.69 11.47 10.51
Custom hire 0.68 - 0.65
Land rent 19.55 25.15 17.34
Operating interest 1.45 2.30 1.01
Miscellaneous 0.38 0.75 0.20
Total direct expenses per acre 39.81 55.27 39.45
Return over direct exp per acre 53.08 -0.21 146.98
Overhead Expenses
Hired labor 3.55 4.80 8.47
Machinery & bldg leases 0.72 0.26 2.09
Farm insurance 1.76 2.45 2.16
Utilities 1.14 1.38 0.76
Dues & professional fees 0.41 0.56 0.83
Interest 2.46 3.30 2.67
Mach & bldg depreciation 7.36 11.25 9.78
Miscellaneous 2.15 2.31 1.09
Total overhead expenses per acre 19.55 26.31 27.86
Total dir & ovhd expenses per acre 59.35 81.58 67.31
Net return per acre 33.54 -26.52 119.12
Lbr & mgt charge per acre 12.02 11.46 18.47
Net return over lbr & mgt 21.52 -37.98 100.65
Government payments 5.95 7.54 8.44
Net return with govt payments 27.47 -30.43 109.08
Cost of Production
Total direct expense per ton 21.94 44.81 14.02
Total dir & ovhd exp per ton 32.72 66.15 23.92
With labor & management 39.34 75.44 30.49
Total exp less govt & oth income 36.07 69.32 27.49
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