TABLE 11 - 40
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 85 13 18
Number of farms 67 13 14
Acres 70.56 71.05 67.52
Yield per acre (ton) 1.43 1.05 1.85
Operators share of yield % 100.00 100.00 100.00
Value per ton 48.63 52.15 52.39
Other product return per acre 0.09 0.19 0.27
Total product return per acre 69.43 55.05 97.29
Miscellaneous income per acre 3.42 - 9.18
Gross return per acre 72.85 55.05 106.47
Direct Expenses
Seed 1.30 2.69 0.49
Fertilizer 2.42 7.20 1.25
Crop chemicals 0.44 0.63 0.01
Crop insurance 1.04 1.34 1.43
Fuel & oil 6.23 6.72 5.98
Repairs 8.86 8.75 8.74
Custom hire 3.77 2.11 5.11
Hired labor 0.16 1.04 -
Operating interest 1.72 1.96 3.43
Miscellaneous 0.32 0.05 -
Total direct expenses per acre 26.27 32.49 26.45
Return over direct exp per acre 46.58 22.56 80.01
Overhead Expenses
Custom hire 0.18 0.85 0.23
Hired labor 2.65 3.39 0.77
Machinery & bldg leases 0.33 0.66 0.78
RE & pers. property taxes 3.93 4.43 3.43
Farm insurance 2.31 2.86 1.08
Utilities 1.47 1.70 1.30
Dues & professional fees 0.29 0.62 0.16
Interest 11.11 20.29 10.78
Mach & bldg depreciation 7.25 7.36 4.60
Miscellaneous 2.19 3.64 2.13
Total overhead expenses per acre 31.72 45.80 25.26
Total dir & ovhd expenses per acre 57.98 78.29 51.72
Net return per acre 14.87 -23.24 54.75
Lbr & mgt charge per acre 10.69 10.36 12.42
Net return over lbr & mgt 4.18 -33.60 42.32
Government payments 5.73 7.88 6.21
Net return with govt payments 9.91 -25.71 48.54
Cost of Production
Total direct expense per ton 18.42 30.88 14.29
Total dir & ovhd exp per ton 40.67 74.43 27.93
With labor & management 48.17 84.27 34.64
Total exp less govt & oth income 41.69 76.59 26.18
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