TABLE - 28
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 69 9 13
Number of farms 45 9 9
Acres 145.77 58.78 247.58
Yield per acre (bu.) 27.77 15.43 32.95
Operators share of yield % 100.00 100.00 100.00
Value per bu. 6.36 6.32 6.73
Total product return per acre 176.69 97.49 221.68
Miscellaneous income per acre 4.86 2.27 7.73
Gross return per acre 181.55 99.76 229.41
Direct Expenses
Seed 28.03 34.27 27.68
Fertilizer 9.78 15.05 6.49
Crop chemicals 16.68 9.54 17.86
Crop insurance 9.00 4.43 9.37
Fuel & oil 7.18 6.59 6.91
Repairs 11.17 11.25 11.08
Custom hire 4.47 6.53 2.26
Operating interest 2.61 3.23 2.82
Miscellaneous 0.57 0.02 1.09
Total direct expenses per acre 89.49 90.92 85.56
Return over direct exp per acre 92.06 8.84 143.85
Overhead Expenses
Hired labor 3.47 1.80 4.06
Machinery & bldg leases 1.44 0.01 2.12
RE & pers. property taxes 5.68 6.26 6.05
Farm insurance 2.03 2.08 1.26
Utilities 1.62 1.19 1.61
Dues & professional fees 0.43 0.15 0.64
Interest 12.58 27.04 10.71
Mach & bldg depreciation 11.40 7.82 9.35
Miscellaneous 2.66 2.58 1.65
Total overhead expenses per acre 41.32 48.94 37.44
Total dir & ovhd expenses per acre 130.81 139.86 123.00
Net return per acre 50.75 -40.10 106.41
Lbr & mgt charge per acre 15.75 19.61 13.92
Net return over lbr & mgt 35.00 -59.72 92.49
Government payments 13.20 13.02 13.87
Net return with govt payments 48.20 -46.70 106.36
Cost of Production
Total direct expense per bu. 3.22 5.89 2.60
Total dir & ovhd exp per bu. 4.71 9.06 3.73
With labor & management 5.28 10.33 4.16
Total exp less govt & oth income 4.63 9.34 3.50
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