TABLE - 40
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 60 11 11
Number of farms 53 10 11
Acres 98.37 106.15 128.52
Yield per acre (ton) 0.97 0.71 1.24
Operators share of yield % 100.00 100.00 100.00
Value per ton 38.64 36.23 41.98
Other product return per acre 0.04 - -
Total product return per acre 37.50 25.56 52.02
Miscellaneous income per acre - - -
Gross return per acre 37.50 25.56 52.02
Direct Expenses
Fuel & oil 4.65 5.19 3.72
Repairs 6.92 10.18 5.22
Operating interest 1.61 1.97 1.43
Miscellaneous 0.39 0.05 0.26
Total direct expenses per acre 13.56 17.39 10.64
Return over direct exp per acre 23.93 8.17 41.38
Overhead Expenses
Hired labor 2.07 4.57 2.49
RE & pers. property taxes 1.77 2.77 1.41
Farm insurance 0.88 0.71 0.75
Utilities 0.55 0.56 0.33
Interest 5.40 7.00 1.44
Mach & bldg depreciation 3.43 4.71 3.88
Miscellaneous 1.32 1.97 1.48
Total overhead expenses per acre 15.42 22.29 11.78
Total dir & ovhd expenses per acre 28.98 39.68 22.42
Net return per acre 8.52 -14.12 29.60
Lbr & mgt charge per acre 6.97 8.26 6.81
Net return over lbr & mgt 1.55 -22.38 22.79
Government payments 2.11 1.09 2.21
Net return with govt payments 3.66 -21.29 25.00
Cost of Production
Total direct expense per ton 13.99 24.65 8.59
Total dir & ovhd exp per ton 29.90 56.24 18.10
With labor & management 37.09 67.94 23.59
Total exp less govt & oth income 34.87 66.39 21.81
|