TABLE - 39
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 63 12 11
Number of farms 45 9 9
Acres 89.90 77.22 87.09
Yield per acre (ton) 1.03 0.52 1.47
Operators share of yield % 100.00 100.00 100.00
Value per ton 30.14 30.18 32.26
Other product return per acre 0.05 - 0.30
Total product return per acre 31.01 15.55 47.71
Miscellaneous income per acre - - -
Gross return per acre 31.01 15.55 47.71
Direct Expenses
Fuel & oil 4.62 4.86 3.60
Repairs 5.87 6.31 4.70
Land rent 5.58 8.53 2.02
Operating interest 1.10 0.97 0.75
Miscellaneous 0.19 0.03 0.33
Total direct expenses per acre 17.36 20.70 11.40
Return over direct exp per acre 13.65 -5.15 36.31
Overhead Expenses
Hired labor 1.59 1.27 2.14
Machinery & bldg leases 0.64 0.11 2.22
Farm insurance 0.82 0.83 1.05
Utilities 0.57 0.71 0.41
Interest 1.66 1.28 1.82
Mach & bldg depreciation 3.56 2.97 2.09
Miscellaneous 1.06 1.03 1.05
Total overhead expenses per acre 9.89 8.20 10.78
Total dir & ovhd expenses per acre 27.25 28.90 22.18
Net return per acre 3.76 -13.35 25.53
Lbr & mgt charge per acre 7.38 5.86 7.15
Net return over lbr & mgt -3.63 -19.21 18.38
Government payments 0.44 0.90 -
Net return with govt payments -3.18 -18.31 18.38
Cost of Production
Total direct expense per ton 16.90 40.17 7.76
Total dir & ovhd exp per ton 26.53 56.07 15.09
With labor & management 33.72 67.44 19.95
Total exp less govt & oth income 33.24 65.70 19.75
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