TABLE - 25
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Oats on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 37 7 10
Number of farms 27 5 6
Acres 49.88 34.29 32.41
Yield per acre (bu.) 44.58 29.04 54.31
Operators share of yield % 100.00 100.00 100.00
Value per bu. 1.25 1.23 1.48
Other product return per acre 3.57 13.62 1.91
Total product return per acre 59.13 49.41 82.15
Miscellaneous income per acre 4.46 - 7.87
Gross return per acre 63.58 49.41 90.02
Direct Expenses
Seed 6.27 8.06 7.80
Fertilizer 13.80 18.49 11.91
Crop chemicals 4.51 3.57 4.77
Crop insurance 3.71 4.13 3.94
Drying fuel 0.33 - 1.86
Fuel & oil 4.77 6.28 4.84
Repairs 9.36 15.35 10.60
Custom hire 1.72 1.53 -
Land rent 24.71 24.60 23.45
Operating interest 1.74 1.49 1.14
Miscellaneous 0.12 0.26 -
Total direct expenses per acre 71.03 83.75 70.31
Return over direct exp per acre -7.45 -34.34 19.71
Overhead Expenses
Hired labor 1.66 3.05 1.44
Machinery & bldg leases 0.32 0.71 0.93
Farm insurance 0.99 1.68 1.02
Utilities 0.74 1.39 0.86
Interest 4.36 4.04 2.52
Mach & bldg depreciation 5.60 9.18 5.27
Miscellaneous 1.77 2.71 3.14
Total overhead expenses per acre 15.45 22.76 15.17
Total dir & ovhd expenses per acre 86.48 106.51 85.48
Net return per acre -22.90 -57.10 4.54
Lbr & mgt charge per acre 12.39 13.11 10.68
Net return over lbr & mgt -35.29 -70.21 -6.14
Government payments 10.24 11.19 10.19
Net return with govt payments -25.05 -59.02 4.05
Cost of Production
Total direct expense per bu. 1.59 2.88 1.29
Total dir & ovhd exp per bu. 1.94 3.67 1.57
With labor & management 2.22 4.12 1.77
Total exp less govt & oth income 1.81 3.26 1.40
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