TABLE - 6
Crop Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 153 15 34
Number of farms 63 12 13
Acres 143.55 143.23 125.27
Yield per acre (bu.) 38.54 24.62 50.09
Operators share of yield % 65.40 68.05 68.20
Value per bu. 3.48 3.38 3.55
Total product return per acre 87.69 56.57 121.36
Miscellaneous income per acre 1.54 3.27 0.19
Gross return per acre 89.22 59.84 121.55
Direct Expenses
Seed 7.26 7.76 8.93
Fertilizer 15.20 16.58 16.47
Crop chemicals 12.69 11.59 15.45
Crop insurance 5.30 5.20 6.28
Fuel & oil 6.24 6.80 6.29
Repairs 9.24 12.31 9.55
Custom hire 1.99 3.08 1.57
Operating interest 1.88 1.55 1.69
Miscellaneous 1.00 - 0.48
Total direct expenses per acre 60.79 64.87 66.71
Return over direct exp per acre 28.44 -5.03 54.84
Overhead Expenses
Hired labor 2.49 1.83 2.87
Machinery & bldg leases 1.45 1.13 1.49
Farm insurance 1.51 1.99 1.53
Utilities 1.07 1.52 1.27
Interest 1.85 2.44 1.67
Mach & bldg depreciation 6.74 8.07 8.89
Miscellaneous 1.93 1.68 1.46
Total overhead expenses per acre 17.03 18.66 19.17
Total dir & ovhd expenses per acre 77.82 83.53 85.88
Net return per acre 11.41 -23.69 35.66
Lbr & mgt charge per acre 11.21 12.95 11.89
Net return over lbr & mgt 0.19 -36.65 23.78
Government payments 7.50 6.99 7.30
Net return with govt payments 7.69 -29.66 31.08
Cost of Production
Total direct expense per bu. 2.41 3.87 1.95
Total dir & ovhd exp per bu. 3.09 4.99 2.51
With labor & management 3.53 5.76 2.86
Total exp less govt & oth income 3.17 5.15 2.64
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