TABLE 11 - 18
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 45 8 8
Number of farms 40 8 8
Acres 123.24 127.24 139.59
Yield per acre (bu.) 38.57 16.52 109.07
Operators share of yield % 100.00 100.00 100.00
Value per bu. 1.99 1.56 2.16
Other product return per acre 4.61 - 3.29
Total product return per acre 81.36 25.75 238.64
Miscellaneous income per acre 52.26 44.19 7.95
Gross return per acre 133.62 69.93 246.59
Direct Expenses
Seed 33.75 38.62 36.28
Fertilizer 31.97 42.03 35.16
Crop chemicals 18.05 20.55 20.21
Crop insurance 9.81 3.02 10.85
Drying fuel 2.95 0.53 11.90
Fuel & oil 9.58 11.05 11.97
Repairs 11.88 14.09 10.15
Custom hire 6.51 4.16 8.57
Operating interest 3.21 4.81 1.63
Miscellaneous 0.33 0.09 -
Total direct expenses per acre 128.05 138.96 146.71
Return over direct exp per acre 5.58 -69.03 99.88
Overhead Expenses
Hired labor 5.85 8.45 6.74
Machinery & bldg leases 0.64 1.19 -0.19
RE & pers. property taxes 5.29 5.34 6.14
Farm insurance 2.35 2.23 2.88
Utilities 1.64 1.63 1.88
Interest 16.13 17.26 11.27
Mach & bldg depreciation 15.19 19.13 18.73
Miscellaneous 3.19 4.38 3.34
Total overhead expenses per acre 50.27 59.60 50.78
Total dir & ovhd expenses per acre 178.32 198.56 197.50
Net return per acre -44.70 -128.63 49.10
Lbr & mgt charge per acre 15.84 16.87 20.41
Net return over lbr & mgt -60.54 -145.50 28.69
Government payments 11.41 11.72 13.58
Net return with govt payments -49.14 -133.78 42.27
Cost of Production
Total direct expense per bu. 3.32 8.41 1.35
Total dir & ovhd exp per bu. 4.62 12.02 1.81
With labor & management 5.03 13.04 2.00
Total exp less govt & oth income 3.26 9.66 1.77
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