TABLE 11 - 19
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 84 14 15
Number of farms 54 10 11
Acres 125.99 181.03 131.09
Yield per acre (bu.) 29.14 16.69 79.14
Operators share of yield % 100.00 100.00 100.00
Value per bu. 1.92 1.83 2.10
Other product return per acre 2.85 - 3.32
Total product return per acre 58.76 30.49 169.31
Miscellaneous income per acre 79.50 66.55 59.98
Gross return per acre 138.25 97.04 229.29
Direct Expenses
Seed 36.86 42.81 41.05
Fertilizer 36.51 39.21 42.02
Crop chemicals 16.99 23.24 11.63
Crop insurance 10.10 10.57 13.48
Drying fuel 1.81 1.50 5.45
Fuel & oil 9.19 8.67 10.69
Repairs 12.40 13.43 13.60
Custom hire 3.81 0.44 6.27
Land rent 34.53 35.79 40.36
Operating interest 3.94 5.31 3.38
Miscellaneous 0.25 0.02 0.46
Total direct expenses per acre 166.39 181.01 188.40
Return over direct exp per acre -28.14 -83.97 40.89
Overhead Expenses
Custom hire 0.52 0.05 2.59
Hired labor 5.58 4.90 5.42
Machinery & bldg leases 1.44 0.13 3.80
Farm insurance 2.07 3.42 2.38
Utilities 1.44 1.17 1.43
Dues & professional fees 0.55 0.33 1.30
Interest 2.43 3.46 2.36
Mach & bldg depreciation 15.57 15.63 11.54
Miscellaneous 2.73 3.57 1.14
Total overhead expenses per acre 32.33 32.66 31.95
Total dir & ovhd expenses per acre 198.72 213.67 220.35
Net return per acre -60.47 -116.64 8.94
Lbr & mgt charge per acre 15.23 14.43 17.85
Net return over lbr & mgt -75.70 -131.07 -8.92
Government payments 10.93 11.30 13.05
Net return with govt payments -64.77 -119.77 4.13
Cost of Production
Total direct expense per bu. 5.71 10.85 2.38
Total dir & ovhd exp per bu. 6.82 12.81 2.78
With labor & management 7.34 13.67 3.01
Total exp less govt & oth income 4.14 9.00 2.05
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