TABLE 11 - 15
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 55 9 14
Number of farms 33 6 7
Acres 131.10 149.86 148.91
Yield per acre (cwt.) 17.42 13.14 21.27
Operators share of yield % 100.00 100.00 100.00
Value per cwt. 10.97 10.60 11.39
Total product return per acre 191.10 139.21 242.29
Miscellaneous income per acre 0.97 0.53 -
Gross return per acre 192.06 139.75 242.29
Direct Expenses
Seed 25.00 30.54 22.02
Fertilizer 25.70 27.97 31.73
Crop chemicals 16.15 12.25 24.35
Crop insurance 6.92 5.16 6.87
Fuel & oil 8.14 4.01 8.63
Repairs 12.58 10.27 9.76
Custom hire 5.98 23.95 1.62
Operating interest 1.34 1.77 0.32
Miscellaneous 0.09 0.21 -
Total direct expenses per acre 101.91 116.13 105.33
Return over direct exp per acre 90.15 23.61 136.96
Overhead Expenses
Hired labor 4.52 3.70 7.92
Machinery & bldg leases 0.53 0.79 0.86
RE & pers. property taxes 4.69 4.48 4.18
Farm insurance 2.15 2.50 1.83
Utilities 1.52 1.06 1.03
Dues & professional fees 0.63 1.29 0.36
Interest 10.30 11.68 4.62
Mach & bldg depreciation 9.51 5.67 10.48
Miscellaneous 2.63 3.73 3.43
Total overhead expenses per acre 36.48 34.89 34.72
Total dir & ovhd expenses per acre 138.39 151.02 140.05
Net return per acre 53.67 -11.28 102.24
Lbr & mgt charge per acre 15.18 17.06 13.11
Net return over lbr & mgt 38.49 -28.34 89.13
Government payments 11.23 10.59 12.63
Net return with govt payments 49.72 -17.75 101.76
Cost of Production
Total direct expense per cwt. 5.85 8.84 4.95
Total dir & ovhd exp per cwt. 7.94 11.49 6.58
With labor & management 8.82 12.79 7.20
Total exp less govt & oth income 8.12 11.95 6.61
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