TABLE 11 - 16
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 77 14 23
Number of farms 46 9 10
Acres 117.06 118.90 88.18
Yield per acre (cwt.) 16.06 9.28 21.18
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 11.00 10.73 11.19
Total product return per acre 176.60 99.60 236.99
Miscellaneous income per acre 2.82 7.77 -
Gross return per acre 179.42 107.38 236.99
Direct Expenses
Seed 25.51 22.83 23.14
Fertilizer 24.36 21.05 26.32
Crop chemicals 16.37 11.68 17.09
Crop insurance 8.05 8.30 8.08
Fuel & oil 8.78 8.13 7.94
Repairs 11.54 14.76 11.12
Custom hire 2.32 3.10 0.59
Land rent 30.54 28.15 33.01
Operating interest 2.87 3.05 4.38
Miscellaneous 0.04 - -
Total direct expenses per acre 130.38 121.06 131.68
Return over direct exp per acre 49.04 -13.68 105.31
Overhead Expenses
Hired labor 3.29 5.80 1.71
Machinery & bldg leases 0.88 0.19 1.66
Farm insurance 1.72 2.10 1.72
Utilities 1.68 1.73 2.00
Dues & professional fees 0.44 0.59 0.47
Interest 2.10 2.20 2.20
Mach & bldg depreciation 10.57 9.56 10.63
Miscellaneous 2.27 2.72 3.11
Total overhead expenses per acre 22.95 24.90 23.50
Total dir & ovhd expenses per acre 153.33 145.95 155.18
Net return per acre 26.09 -38.58 81.81
Lbr & mgt charge per acre 14.57 14.62 14.45
Net return over lbr & mgt 11.52 -53.20 67.36
Government payments 10.45 10.06 11.02
Net return with govt payments 21.98 -43.14 78.38
Cost of Production
Total direct expense per cwt. 8.12 13.04 6.22
Total dir & ovhd exp per cwt. 9.55 15.72 7.33
With labor & management 10.45 17.30 8.01
Total exp less govt & oth income 9.63 15.38 7.49
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