TABLE 11 - 4
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 231 45 42
Number of farms 132 26 27
Acres 150.52 145.02 172.73
Yield per acre (bu.) 37.64 21.28 54.74
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.47 3.35 3.55
Other product return per acre 0.37 0.67 -
Total product return per acre 130.85 71.84 194.22
Miscellaneous income per acre 3.88 8.57 2.65
Gross return per acre 134.73 80.42 196.87
Direct Expenses
Seed 8.10 8.61 8.21
Fertilizer 18.42 18.48 18.89
Crop chemicals 15.43 15.88 18.09
Crop insurance 7.46 7.71 7.91
Drying fuel 0.18 0.82 0.11
Fuel & oil 6.46 6.39 6.49
Repairs 9.85 10.50 9.58
Custom hire 3.23 5.28 2.48
Operating interest 2.43 1.93 1.27
Miscellaneous 0.29 0.02 0.17
Total direct expenses per acre 71.85 75.61 73.20
Return over direct exp per acre 62.88 4.81 123.66
Overhead Expenses
Hired labor 2.49 1.50 2.46
Machinery & bldg leases 0.74 0.92 1.07
RE & pers. property taxes 4.51 4.29 5.14
Farm insurance 1.94 1.73 1.94
Utilities 1.32 1.26 1.43
Interest 10.86 15.30 6.54
Mach & bldg depreciation 8.46 6.41 9.34
Miscellaneous 3.25 2.98 3.16
Total overhead expenses per acre 33.57 34.38 31.09
Total dir & ovhd expenses per acre 105.42 110.00 104.29
Net return per acre 29.31 -29.58 92.58
Lbr & mgt charge per acre 12.94 11.76 13.81
Net return over lbr & mgt 16.37 -41.34 78.76
Government payments 11.67 10.03 12.82
Net return with govt payments 28.04 -31.30 91.58
Cost of Production
Total direct expense per bu. 1.91 3.55 1.34
Total dir & ovhd exp per bu. 2.80 5.17 1.91
With labor & management 3.14 5.72 2.16
Total exp less govt & oth income 2.72 4.82 1.87
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