TABLE - 38
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 44 7 9
Number of farms 34 6 7
Acres 85.55 37.51 32.99
Yield per acre (ton) 0.95 0.86 1.31
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.53 30.51 38.75
Other product return per acre 0.02 - -
Total product return per acre 29.95 26.17 50.81
Miscellaneous income per acre - - -
Gross return per acre 29.95 26.17 50.81
Direct Expenses
Fertilizer 0.19 - 2.40
Crop insurance 0.11 - 1.46
Fuel & oil 5.18 6.08 3.34
Repairs 5.84 7.11 4.01
Operating interest 1.33 2.02 0.85
Miscellaneous 0.15 - 0.23
Total direct expenses per acre 12.81 15.21 12.28
Return over direct exp per acre 17.14 10.96 38.53
Overhead Expenses
Hired labor 1.64 2.58 0.58
RE & pers. property taxes 2.06 6.33 2.37
Farm insurance 0.79 1.57 0.97
Utilities 0.69 0.68 0.62
Interest 7.41 16.17 2.87
Mach & bldg depreciation 2.89 6.45 2.71
Miscellaneous 1.21 2.96 1.30
Total overhead expenses per acre 16.70 36.75 11.42
Total dir & ovhd expenses per acre 29.51 51.95 23.70
Net return per acre 0.44 -25.78 27.12
Lbr & mgt charge per acre 7.22 7.74 9.82
Net return over lbr & mgt -6.78 -33.52 17.29
Government payments 0.61 0.43 3.47
Net return with govt payments -6.16 -33.09 20.76
Cost of Production
Total direct expense per ton 13.49 17.73 9.36
Total dir & ovhd exp per ton 31.08 60.57 18.07
With labor & management 38.69 69.59 25.56
Total exp less govt & oth income 38.02 69.09 22.92
|