TABLE - 17
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 44 12 8
Number of farms 35 7 7
Acres 85.31 50.17 83.16
Yield per acre (bu.) 68.61 16.37 118.13
Operators share of yield % 100.00 100.00 100.00
Value per bu. 2.11 1.97 2.07
Other product return per acre 5.00 5.23 -
Total product return per acre 149.93 37.45 244.93
Miscellaneous income per acre 5.74 14.23 -
Gross return per acre 155.67 51.67 244.93
Direct Expenses
Seed 30.60 25.14 33.80
Fertilizer 25.32 17.73 36.13
Crop chemicals 17.41 9.76 21.24
Crop insurance 7.08 2.36 9.77
Drying fuel 0.61 - 2.96
Fuel & oil 9.00 8.15 8.32
Repairs 13.09 15.01 11.60
Custom hire 2.84 1.82 4.52
Operating interest 3.50 5.66 3.04
Miscellaneous 0.03 - 0.15
Total direct expenses per acre 109.48 85.64 131.52
Return over direct exp per acre 46.18 -33.96 113.41
Overhead Expenses
Custom hire 0.80 - 0.07
Hired labor 2.73 0.55 5.08
Machinery & bldg leases 0.83 0.01 1.66
RE & pers. property taxes 5.02 3.50 5.70
Farm insurance 1.99 2.26 2.04
Utilities 1.61 1.49 1.74
Dues & professional fees 0.32 0.06 0.78
Interest 22.19 15.81 19.09
Mach & bldg depreciation 11.02 8.72 9.80
Miscellaneous 1.84 1.16 2.07
Total overhead expenses per acre 48.35 33.55 48.03
Total dir & ovhd expenses per acre 157.84 119.19 179.55
Net return per acre -2.17 -67.52 65.38
Lbr & mgt charge per acre 17.05 17.65 18.94
Net return over lbr & mgt -19.22 -85.17 46.44
Government payments 11.70 8.23 13.31
Net return with govt payments -7.52 -76.93 59.74
Cost of Production
Total direct expense per bu. 1.60 5.23 1.11
Total dir & ovhd exp per bu. 2.30 7.28 1.52
With labor & management 2.55 8.36 1.68
Total exp less govt & oth income 2.22 6.67 1.57
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