TABLE 11 - 5
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 393 72 68
Number of farms 160 32 32
Acres 150.19 125.55 171.33
Yield per acre (bu.) 36.21 18.68 54.17
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.50 3.42 3.58
Other product return per acre 0.27 0.90 -
Total product return per acre 127.06 64.79 193.67
Miscellaneous income per acre 3.90 7.62 0.54
Gross return per acre 130.96 72.42 194.21
Direct Expenses
Seed 8.35 7.66 9.84
Fertilizer 17.25 16.03 17.99
Crop chemicals 15.52 13.00 16.97
Crop insurance 7.54 6.52 7.78
Fuel & oil 6.39 6.48 6.22
Repairs 9.52 10.18 9.58
Custom hire 3.26 2.49 3.11
Land rent 29.52 27.45 35.05
Operating interest 2.38 2.20 2.18
Miscellaneous 0.29 0.07 0.48
Total direct expenses per acre 100.01 92.08 109.19
Return over direct exp per acre 30.95 -19.67 85.02
Overhead Expenses
Hired labor 2.50 3.11 1.89
Machinery & bldg leases 1.11 0.53 1.28
Farm insurance 1.73 1.49 1.69
Utilities 1.26 0.89 1.61
Interest 2.34 4.33 1.93
Mach & bldg depreciation 7.98 6.25 10.31
Miscellaneous 2.97 3.12 2.92
Total overhead expenses per acre 19.90 19.72 21.65
Total dir & ovhd expenses per acre 119.91 111.80 130.85
Net return per acre 11.06 -39.38 63.36
Lbr & mgt charge per acre 13.00 11.75 14.08
Net return over lbr & mgt -1.94 -51.14 49.28
Government payments 11.47 10.79 12.33
Net return with govt payments 9.52 -40.34 61.61
Cost of Production
Total direct expense per bu. 2.76 4.93 2.02
Total dir & ovhd exp per bu. 3.31 5.98 2.42
With labor & management 3.67 6.61 2.68
Total exp less govt & oth income 3.24 5.58 2.44
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