TABLE - 36
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 94 18 20
Number of farms 71 14 15
Acres 77.45 49.71 86.93
Yield per acre (ton) 1.66 1.00 2.45
Operators share of yield % 100.00 100.00 100.00
Value per ton 48.28 45.93 54.14
Other product return per acre 0.33 0.16 0.81
Total product return per acre 80.41 45.87 133.49
Miscellaneous income per acre 1.32 - -
Gross return per acre 81.73 45.87 133.49
Direct Expenses
Seed 1.67 0.60 4.27
Fertilizer 0.96 0.62 1.92
Crop chemicals 0.33 - 1.04
Fuel & oil 5.81 6.41 3.71
Repairs 8.07 11.46 5.31
Custom hire 0.56 - 0.25
Operating interest 1.65 1.88 1.09
Miscellaneous 0.58 0.37 0.17
Total direct expenses per acre 19.62 21.34 17.76
Return over direct exp per acre 62.11 24.53 115.73
Overhead Expenses
Hired labor 2.60 3.60 2.18
Machinery & bldg leases 1.05 0.35 0.40
RE & pers. property taxes 3.72 4.34 3.25
Farm insurance 2.46 2.42 2.68
Utilities 1.79 1.93 1.15
Dues & professional fees 0.36 0.40 0.78
Interest 11.40 23.43 6.01
Mach & bldg depreciation 6.79 7.18 5.26
Miscellaneous 2.83 6.27 2.46
Total overhead expenses per acre 32.98 49.93 24.17
Total dir & ovhd expenses per acre 52.60 71.28 41.93
Net return per acre 29.13 -25.40 91.56
Lbr & mgt charge per acre 9.72 12.90 7.28
Net return over lbr & mgt 19.40 -38.31 84.28
Government payments 7.14 8.65 6.49
Net return with govt payments 26.54 -29.65 90.78
Cost of Production
Total direct expense per ton 11.83 21.44 7.25
Total dir & ovhd exp per ton 31.71 71.61 17.11
With labor & management 37.57 84.57 20.08
Total exp less govt & oth income 32.28 75.72 17.10
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