TABLE - 14
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 63 13 13
Number of farms 45 9 9
Acres 112.90 87.22 152.15
Yield per acre (cwt.) 15.32 8.53 18.21
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 10.78 9.92 11.00
Total product return per acre 165.19 84.62 200.31
Miscellaneous income per acre 1.89 10.94 -
Gross return per acre 167.08 95.56 200.31
Direct Expenses
Seed 24.51 29.32 21.95
Fertilizer 23.40 20.44 23.72
Crop chemicals 15.51 9.12 13.32
Crop insurance 7.96 6.76 5.96
Fuel & oil 7.45 6.00 6.13
Repairs 11.28 9.76 10.99
Custom hire 3.80 8.49 1.52
Operating interest 2.03 1.83 1.18
Miscellaneous 0.02 0.08 -
Total direct expenses per acre 95.95 91.78 84.76
Return over direct exp per acre 71.13 3.77 115.55
Overhead Expenses
Hired labor 2.93 3.19 3.93
Machinery & bldg leases 1.95 0.42 3.04
RE & pers. property taxes 4.51 3.99 4.92
Farm insurance 1.84 2.12 1.98
Utilities 1.37 1.08 1.66
Dues & professional fees 0.72 0.16 1.21
Interest 11.73 18.44 9.50
Mach & bldg depreciation 8.63 8.33 6.74
Miscellaneous 1.72 3.17 1.01
Total overhead expenses per acre 35.39 40.89 33.99
Total dir & ovhd expenses per acre 131.34 132.67 118.75
Net return per acre 35.74 -37.12 81.56
Lbr & mgt charge per acre 14.88 12.55 14.59
Net return over lbr & mgt 20.87 -49.67 66.97
Government payments 12.00 10.81 12.58
Net return with govt payments 32.87 -38.85 79.55
Cost of Production
Total direct expense per cwt. 6.26 10.76 4.65
Total dir & ovhd exp per cwt. 8.57 15.55 6.52
With labor & management 9.55 17.02 7.32
Total exp less govt & oth income 8.64 14.47 6.63
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