TABLE - 18
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 60 14 15
Number of farms 42 8 9
Acres 118.40 67.04 179.13
Yield per acre (bu.) 92.62 30.53 113.29
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.11 1.90 2.11
Other product return per acre 0.66 3.84 -
Total product return per acre 196.36 61.79 239.08
Miscellaneous income per acre 5.21 35.39 0.45
Gross return per acre 201.57 97.18 239.53
Direct Expenses
Seed 28.76 26.09 25.54
Fertilizer 25.66 25.33 21.75
Crop chemicals 16.72 13.12 17.32
Crop insurance 9.56 8.13 6.78
Drying fuel 1.37 - 0.88
Fuel & oil 9.79 8.17 8.70
Repairs 13.81 12.24 13.54
Custom hire 6.47 10.44 3.08
Land rent 36.32 28.66 33.36
Operating interest 3.36 2.49 3.20
Miscellaneous 0.46 - -
Total direct expenses per acre 152.27 134.67 134.17
Return over direct exp per acre 49.30 -37.49 105.36
Overhead Expenses
Custom hire 0.59 - 0.09
Hired labor 4.97 5.66 7.61
Machinery & bldg leases 2.03 5.89 1.16
Farm insurance 2.15 1.33 2.89
Utilities 1.67 1.03 1.88
Dues & professional fees 0.58 0.20 0.80
Interest 3.39 3.45 2.96
Mach & bldg depreciation 14.69 8.77 18.06
Miscellaneous 2.84 1.26 3.84
Total overhead expenses per acre 32.91 27.58 39.29
Total dir & ovhd expenses per acre 185.18 162.25 173.46
Net return per acre 16.39 -65.07 66.07
Lbr & mgt charge per acre 18.33 16.90 16.07
Net return over lbr & mgt -1.94 -81.97 50.00
Government payments 12.57 11.49 12.30
Net return with govt payments 10.63 -70.48 62.30
Cost of Production
Total direct expense per bu. 1.64 4.41 1.18
Total dir & ovhd exp per bu. 2.00 5.32 1.53
With labor & management 2.20 5.87 1.67
Total exp less govt & oth income 2.00 4.21 1.56
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