TABLE - 29
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 106 16 23
Number of farms 65 13 13
Acres 214.01 230.44 357.46
Yield per acre (bu.) 29.16 18.84 36.51
Operators share of yield % 100.00 100.00 100.00
Value per bu. 6.33 6.09 6.47
Total product return per acre 184.54 114.79 236.29
Miscellaneous income per acre 1.92 1.59 0.05
Gross return per acre 186.45 116.38 236.34
Direct Expenses
Seed 26.64 32.38 23.33
Fertilizer 9.47 7.71 10.10
Crop chemicals 14.77 9.08 13.39
Crop insurance 8.49 11.45 7.41
Fuel & oil 6.57 7.37 5.64
Repairs 9.72 9.89 7.78
Custom hire 5.87 7.26 4.60
Land rent 35.18 35.71 35.80
Operating interest 2.70 3.21 3.01
Miscellaneous 0.29 - -
Total direct expenses per acre 119.69 124.07 111.05
Return over direct exp per acre 66.76 -7.69 125.29
Overhead Expenses
Custom hire 0.12 0.63 -
Hired labor 3.15 2.07 4.43
Machinery & bldg leases 1.46 0.45 1.65
Farm insurance 2.01 2.04 2.41
Utilities 1.36 0.80 1.44
Dues & professional fees 0.56 0.51 0.91
Interest 2.15 3.10 1.71
Mach & bldg depreciation 12.19 12.52 12.96
Miscellaneous 2.87 1.81 2.77
Total overhead expenses per acre 25.87 23.93 28.28
Total dir & ovhd expenses per acre 145.56 148.00 139.33
Net return per acre 40.89 -31.62 97.01
Lbr & mgt charge per acre 14.27 13.98 12.31
Net return over lbr & mgt 26.62 -45.60 84.69
Government payments 11.95 12.83 11.26
Net return with govt payments 38.57 -32.77 95.95
Cost of Production
Total direct expense per bu. 4.11 6.58 3.04
Total dir & ovhd exp per bu. 4.99 7.85 3.82
With labor & management 5.48 8.60 4.15
Total exp less govt & oth income 5.01 7.83 3.84
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