TABLE - 9
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Barley on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 137 24 34
Number of farms 92 18 19
Acres 121.09 112.65 138.86
Yield per acre (bu.) 63.44 41.42 79.79
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.64 2.02 2.96
Other product return per acre 0.57 1.85 -
Total product return per acre 168.27 85.71 236.16
Miscellaneous income per acre 3.24 0.34 3.78
Gross return per acre 171.50 86.05 239.95
Direct Expenses
Seed 8.04 6.17 8.89
Fertilizer 17.29 13.28 17.43
Crop chemicals 14.55 11.65 15.90
Crop insurance 8.19 6.84 11.21
Fuel & oil 6.86 6.93 6.28
Repairs 10.19 12.06 9.62
Custom hire 2.77 1.36 4.64
Operating interest 2.33 3.46 2.21
Miscellaneous 0.72 0.22 1.78
Total direct expenses per acre 70.93 61.98 77.97
Return over direct exp per acre 100.57 24.08 161.98
Overhead Expenses
Hired labor 2.87 1.72 3.19
Machinery & bldg leases 1.11 0.62 2.01
RE & pers. property taxes 4.37 3.73 4.66
Farm insurance 1.97 2.10 2.23
Utilities 1.49 1.34 1.74
Dues & professional fees 0.46 0.18 0.54
Interest 11.04 12.98 7.36
Mach & bldg depreciation 8.67 7.51 10.65
Miscellaneous 2.70 2.90 3.78
Total overhead expenses per acre 34.67 33.09 36.15
Total dir & ovhd expenses per acre 105.60 95.06 114.12
Net return per acre 65.90 -9.01 125.83
Lbr & mgt charge per acre 13.79 14.06 13.69
Net return over lbr & mgt 52.11 -23.06 112.14
Government payments 11.34 10.81 11.45
Net return with govt payments 63.44 -12.26 123.59
Cost of Production
Total direct expense per bu. 1.12 1.50 0.98
Total dir & ovhd exp per bu. 1.66 2.30 1.43
With labor & management 1.88 2.63 1.60
Total exp less govt & oth income 1.64 2.32 1.41
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