TABLE - 15
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 90 15 18
Number of farms 52 10 11
Acres 108.81 100.79 148.49
Yield per acre (cwt.) 14.26 8.58 17.72
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 11.00 10.26 11.53
Total product return per acre 156.91 88.00 204.41
Miscellaneous income per acre 3.12 8.55 1.59
Gross return per acre 160.03 96.56 206.00
Direct Expenses
Seed 24.74 27.42 22.10
Fertilizer 20.76 21.44 18.35
Crop chemicals 15.56 14.74 14.02
Crop insurance 6.89 7.41 6.36
Fuel & oil 6.81 5.59 6.76
Repairs 9.76 9.71 9.27
Custom hire 4.00 7.28 4.81
Land rent 29.91 32.32 31.99
Operating interest 2.10 2.37 2.78
Miscellaneous 0.02 0.06 -
Total direct expenses per acre 120.55 128.34 116.44
Return over direct exp per acre 39.48 -31.79 89.56
Overhead Expenses
Hired labor 2.60 3.73 2.16
Machinery & bldg leases 0.94 1.00 1.42
Farm insurance 1.68 1.74 1.84
Utilities 1.20 0.96 1.19
Dues & professional fees 0.43 0.30 0.56
Interest 1.89 4.26 1.93
Mach & bldg depreciation 9.06 6.98 11.58
Miscellaneous 1.93 3.54 2.25
Total overhead expenses per acre 19.73 22.51 22.93
Total dir & ovhd expenses per acre 140.28 150.86 139.37
Net return per acre 19.75 -54.30 66.62
Lbr & mgt charge per acre 13.87 11.09 14.81
Net return over lbr & mgt 5.88 -65.39 51.82
Government payments 11.37 10.88 10.66
Net return with govt payments 17.25 -54.51 62.48
Cost of Production
Total direct expense per cwt. 8.45 14.96 6.57
Total dir & ovhd exp per cwt. 9.83 17.58 7.86
With labor & management 10.81 18.88 8.70
Total exp less govt & oth income 9.79 16.61 8.01
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