TABLE - 10
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Barley on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 255 50 52
Number of farms 122 24 25
Acres 137.80 103.20 200.76
Yield per acre (bu.) 62.94 35.75 80.08
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.72 1.89 3.04
Other product return per acre 0.33 1.49 -
Total product return per acre 171.48 68.92 243.03
Miscellaneous income per acre 2.97 7.50 1.89
Gross return per acre 174.45 76.42 244.93
Direct Expenses
Seed 8.56 6.83 8.51
Fertilizer 17.46 15.36 18.00
Crop chemicals 12.51 9.44 11.18
Crop insurance 7.88 6.24 8.07
Fuel & oil 6.41 6.05 6.40
Repairs 9.41 9.87 8.27
Custom hire 4.14 0.80 5.14
Land rent 31.83 26.65 34.65
Operating interest 2.26 2.17 3.01
Miscellaneous 0.71 0.21 1.57
Total direct expenses per acre 101.18 83.61 104.80
Return over direct exp per acre 73.27 -7.19 140.12
Overhead Expenses
Hired labor 3.29 2.96 4.74
Machinery & bldg leases 1.63 1.12 2.03
Farm insurance 1.76 1.48 1.93
Utilities 1.21 0.89 1.42
Dues & professional fees 0.53 0.52 0.71
Interest 2.34 2.82 2.34
Mach & bldg depreciation 9.05 5.46 13.14
Miscellaneous 2.60 2.72 3.31
Total overhead expenses per acre 22.41 17.97 29.62
Total dir & ovhd expenses per acre 123.60 101.58 134.42
Net return per acre 50.86 -25.16 110.50
Lbr & mgt charge per acre 13.52 11.34 13.50
Net return over lbr & mgt 37.34 -36.50 97.01
Government payments 11.50 10.14 11.25
Net return with govt payments 48.84 -26.36 108.26
Cost of Production
Total direct expense per bu. 1.61 2.34 1.31
Total dir & ovhd exp per bu. 1.96 2.84 1.68
With labor & management 2.18 3.16 1.85
Total exp less govt & oth income 1.94 2.62 1.68
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