TABLE - 41
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 128 18 18
Number of farms 67 13 14
Acres 107.98 87.45 120.32
Yield per acre (ton) 1.27 0.87 1.68
Operators share of yield % 100.00 100.00 100.00
Value per ton 37.33 36.05 39.71
Other product return per acre 0.23 - -
Total product return per acre 47.75 31.28 66.73
Miscellaneous income per acre 0.15 - -
Gross return per acre 47.90 31.28 66.73
Direct Expenses
Fuel & oil 4.46 5.22 4.08
Repairs 6.02 7.14 6.24
Custom hire 1.66 - 0.33
Land rent 12.07 12.23 11.16
Operating interest 1.38 1.53 1.05
Miscellaneous 0.48 0.56 0.36
Total direct expenses per acre 26.07 26.68 23.22
Return over direct exp per acre 21.84 4.60 43.50
Overhead Expenses
Hired labor 1.13 1.34 1.11
Farm insurance 1.43 2.14 0.61
Utilities 0.90 1.31 0.74
Interest 1.79 3.66 1.05
Mach & bldg depreciation 4.38 5.74 3.38
Miscellaneous 1.74 2.54 1.35
Total overhead expenses per acre 11.36 16.74 8.26
Total dir & ovhd expenses per acre 37.43 43.42 31.48
Net return per acre 10.48 -12.14 35.25
Lbr & mgt charge per acre 8.18 9.21 9.06
Net return over lbr & mgt 2.30 -21.35 26.19
Government payments 2.60 1.86 3.20
Net return with govt payments 4.90 -19.49 29.38
Cost of Production
Total direct expense per ton 20.48 30.75 13.82
Total dir & ovhd exp per ton 29.40 50.04 18.73
With labor & management 35.83 60.65 24.12
Total exp less govt & oth income 33.49 58.51 22.22
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