TABLE - 46
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Native Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 69 6 20
Number of farms 29 5 6
Acres 54.07 72.78 48.45
Yield per acre (ton) 1.30 0.23 1.69
Operators share of yield % 100.00 100.00 100.00
Value per ton 28.60 38.31 30.38
Total product return per acre 37.12 8.97 51.45
Miscellaneous income per acre 1.34 11.45 -
Gross return per acre 38.46 20.42 51.45
Direct Expenses
Fertilizer 0.08 0.71 -
Fuel & oil 5.88 5.55 5.40
Repairs 6.38 7.44 4.44
Land rent 8.05 9.75 8.36
Operating interest 1.02 0.81 0.88
Miscellaneous 0.42 - 0.25
Total direct expenses per acre 21.83 24.26 19.33
Return over direct exp per acre 16.63 -3.84 32.12
Overhead Expenses
Hired labor 2.13 2.65 0.76
Farm insurance 1.01 2.28 1.39
Utilities 0.55 0.95 0.59
Interest 2.21 6.38 1.26
Mach & bldg depreciation 4.45 5.03 3.13
Miscellaneous 1.89 1.82 1.72
Total overhead expenses per acre 12.24 19.12 8.86
Total dir & ovhd expenses per acre 34.06 43.38 28.19
Net return per acre 4.40 -22.96 23.26
Lbr & mgt charge per acre 7.86 8.08 5.65
Net return over lbr & mgt -3.47 -31.04 17.61
Government payments - - -
Net return with govt payments -3.47 -31.04 17.61
Cost of Production
Total direct expense per ton 16.82 103.63 11.42
Total dir & ovhd exp per ton 26.25 185.27 16.65
With labor & management 32.30 219.77 19.98
Total exp less govt & oth income 31.27 170.87 19.98
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