TABLE - 19
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn Silage on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 35 6 7
Number of farms 32 6 7
Acres 64.01 69.88 58.41
Yield per acre (ton) 6.46 3.49 10.86
Operators share of yield % 100.00 100.00 100.00
Value per ton 16.39 16.28 16.02
Other product return per acre 0.07 - 0.39
Total product return per acre 105.97 56.79 174.39
Miscellaneous income per acre 13.12 5.17 8.05
Gross return per acre 119.09 61.95 182.45
Direct Expenses
Seed 24.32 25.94 26.66
Fertilizer 15.38 15.28 22.00
Crop chemicals 15.14 18.54 17.64
Crop insurance 3.94 4.54 3.72
Drying fuel 0.89 4.77 -
Fuel & oil 11.62 14.13 9.28
Repairs 16.66 21.71 13.53
Custom hire 7.20 5.00 5.68
Operating interest 3.11 3.62 1.52
Miscellaneous 0.73 3.84 -
Total direct expenses per acre 99.00 117.38 100.04
Return over direct exp per acre 20.09 -55.43 82.41
Overhead Expenses
Hired labor 6.12 9.95 3.43
Machinery & bldg leases 0.83 - 1.25
RE & pers. property taxes 4.20 3.96 4.52
Farm insurance 1.93 1.85 1.48
Utilities 1.82 1.79 1.52
Dues & professional fees 0.31 0.53 0.10
Interest 15.43 12.84 16.33
Mach & bldg depreciation 10.29 9.06 8.63
Miscellaneous 2.20 1.86 1.91
Total overhead expenses per acre 43.11 41.83 39.16
Total dir & ovhd expenses per acre 142.12 159.21 139.20
Net return per acre -23.03 -97.26 43.24
Lbr & mgt charge per acre 17.60 18.78 18.84
Net return over lbr & mgt -40.63 -116.04 24.40
Government payments 10.05 9.66 10.99
Net return with govt payments -30.58 -106.38 35.39
Cost of Production
Total direct expense per ton 15.32 33.64 9.21
Total dir & ovhd exp per ton 21.99 45.63 12.81
With labor & management 24.71 51.01 14.55
Total exp less govt & oth income 21.12 46.76 12.76
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