TABLE 11 - 41
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 63 11 15
Number of farms 48 9 10
Acres 89.85 130.10 59.36
Yield per acre (ton) 1.68 0.63 3.04
Operators share of yield % 100.00 100.00 100.00
Value per ton 48.99 45.28 46.35
Other product return per acre 0.19 - -
Total product return per acre 82.50 28.69 140.84
Miscellaneous income per acre 2.85 6.45 0.37
Gross return per acre 85.35 35.13 141.21
Direct Expenses
Seed 2.79 2.80 0.72
Fertilizer 7.60 0.91 2.30
Crop insurance 0.80 0.98 -
Fuel & oil 6.79 4.67 7.92
Repairs 8.97 5.47 8.35
Custom hire 3.86 3.81 -
Hired labor 1.00 - -
Land rent 24.66 25.44 25.57
Operating interest 1.86 1.25 1.43
Miscellaneous 0.71 0.13 0.87
Total direct expenses per acre 59.06 45.47 47.16
Return over direct exp per acre 26.29 -10.34 94.05
Overhead Expenses
Custom hire 0.64 - 0.11
Hired labor 3.39 3.33 1.62
Machinery & bldg leases 0.85 0.17 0.98
Farm insurance 1.71 1.51 1.48
Utilities 1.20 1.23 0.98
Dues & professional fees 0.56 0.53 0.75
Interest 3.83 3.35 2.27
Mach & bldg depreciation 7.28 5.72 8.90
Miscellaneous 2.03 1.89 1.74
Total overhead expenses per acre 21.49 17.72 18.83
Total dir & ovhd expenses per acre 80.55 63.19 65.99
Net return per acre 4.80 -28.06 75.22
Lbr & mgt charge per acre 10.42 6.47 10.63
Net return over lbr & mgt -5.61 -34.53 64.60
Government payments 6.53 7.12 3.90
Net return with govt payments 0.92 -27.41 68.50
Cost of Production
Total direct expense per ton 35.15 71.77 15.52
Total dir & ovhd exp per ton 47.94 99.74 21.72
With labor & management 54.14 109.95 25.21
Total exp less govt & oth income 48.44 88.53 23.81
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