TABLE - 2
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 91 13 18
Number of farms 44 8 9
Acres 151.72 177.69 192.08
Yield per acre (bu.) 30.70 15.99 44.74
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.87 3.88 3.95
Other product return per acre 0.01 - -
Total product return per acre 118.73 62.10 176.67
Miscellaneous income per acre 3.57 4.57 -
Gross return per acre 122.31 66.67 176.67
Direct Expenses
Seed 9.92 9.59 9.73
Fertilizer 15.84 19.36 17.35
Crop chemicals 15.74 17.57 16.45
Crop insurance 5.38 5.29 6.17
Fuel & oil 5.95 6.30 5.66
Repairs 8.88 9.61 9.44
Custom hire 1.96 0.86 3.29
Land rent 27.20 22.98 27.91
Operating interest 1.77 2.46 1.48
Miscellaneous 0.14 0.10 0.14
Total direct expenses per acre 92.79 94.13 97.62
Return over direct exp per acre 29.52 -27.46 79.06
Overhead Expenses
Hired labor 3.23 1.91 1.53
Machinery & bldg leases 0.97 0.80 1.48
Farm insurance 1.61 1.74 1.35
Utilities 1.01 0.81 0.99
Interest 2.94 3.09 2.39
Mach & bldg depreciation 9.07 7.79 11.58
Miscellaneous 2.81 3.96 2.13
Total overhead expenses per acre 21.64 20.11 21.45
Total dir & ovhd expenses per acre 114.43 114.24 119.06
Net return per acre 7.88 -47.57 57.61
Lbr & mgt charge per acre 11.90 9.49 12.68
Net return over lbr & mgt -4.02 -57.06 44.93
Government payments 11.53 11.15 11.51
Net return with govt payments 7.51 -45.91 56.44
Cost of Production
Total direct expense per bu. 3.02 5.89 2.18
Total dir & ovhd exp per bu. 3.73 7.14 2.66
With labor & management 4.11 7.74 2.94
Total exp less govt & oth income 3.62 6.76 2.69
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