TABLE - 20
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn Silage on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 39 10 6
Number of farms 30 6 6
Acres 57.48 34.16 48.33
Yield per acre (ton) 6.91 4.07 13.24
Operators share of yield % 100.00 100.00 100.00
Value per ton 16.32 16.76 15.36
Other product return per acre 0.39 1.64 -
Total product return per acre 113.15 69.85 203.25
Miscellaneous income per acre 15.91 4.33 -
Gross return per acre 129.06 74.18 203.25
Direct Expenses
Seed 20.07 28.68 21.52
Fertilizer 18.82 22.18 19.02
Crop chemicals 13.94 19.31 9.47
Crop insurance 6.01 12.72 4.99
Fuel & oil 9.19 5.75 11.00
Repairs 14.72 14.52 12.86
Custom hire 6.12 13.57 2.61
Land rent 25.21 24.08 29.98
Operating interest 2.79 1.13 5.36
Miscellaneous 0.69 - -
Total direct expenses per acre 117.55 141.95 116.81
Return over direct exp per acre 11.51 -67.77 86.44
Overhead Expenses
Hired labor 5.91 4.42 3.10
Machinery & bldg leases 0.65 1.61 1.33
Farm insurance 1.77 1.31 1.51
Utilities 1.36 1.22 0.73
Interest 4.62 2.82 4.52
Mach & bldg depreciation 9.67 8.17 6.78
Miscellaneous 2.77 1.73 1.11
Total overhead expenses per acre 26.75 21.28 19.08
Total dir & ovhd expenses per acre 144.30 163.22 135.89
Net return per acre -15.24 -89.04 67.36
Lbr & mgt charge per acre 16.14 15.36 16.90
Net return over lbr & mgt -31.38 -104.41 50.46
Government payments 9.83 9.78 9.80
Net return with govt payments -21.55 -94.63 60.26
Cost of Production
Total direct expense per ton 17.01 34.88 8.83
Total dir & ovhd exp per ton 20.88 40.11 10.27
With labor & management 23.22 43.89 11.54
Total exp less govt & oth income 19.44 40.02 10.80
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