TABLE - 48
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 47 6 10
Number of farms 31 6 7
Acres 61.09 52.42 84.31
Yield per acre (ton) 1.55 1.23 2.02
Operators share of yield % 100.00 100.00 100.00
Value per ton 42.28 37.55 48.16
Total product return per acre 65.37 46.11 97.52
Miscellaneous income per acre 5.47 - -
Gross return per acre 70.84 46.11 97.52
Direct Expenses
Seed 4.81 4.42 4.60
Fertilizer 11.55 15.06 8.53
Crop chemicals 3.23 5.72 0.66
Crop insurance 1.79 0.47 0.18
Fuel & oil 5.16 6.14 5.18
Repairs 7.99 8.95 7.97
Custom hire 0.75 4.70 0.09
Land rent 21.27 23.46 20.40
Operating interest 1.43 2.07 1.71
Miscellaneous 0.21 0.51 -
Total direct expenses per acre 58.21 71.52 49.32
Return over direct exp per acre 12.63 -25.40 48.20
Overhead Expenses
Hired labor 2.84 3.57 1.69
Farm insurance 1.23 1.61 1.34
Utilities 0.77 0.87 0.80
Interest 2.28 3.64 2.14
Mach & bldg depreciation 4.98 7.93 5.76
Miscellaneous 2.56 2.87 2.42
Total overhead expenses per acre 14.66 20.50 14.14
Total dir & ovhd expenses per acre 72.86 92.01 63.47
Net return per acre -2.03 -45.90 34.06
Lbr & mgt charge per acre 8.89 10.88 9.21
Net return over lbr & mgt -10.91 -56.78 24.84
Government payments 9.52 9.79 9.40
Net return with govt payments -1.39 -46.99 34.24
Cost of Production
Total direct expense per ton 37.65 58.23 24.36
Total dir & ovhd exp per ton 47.13 74.92 31.34
With labor & management 52.87 83.78 35.89
Total exp less govt & oth income 43.18 75.81 31.25
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