TABLE 11 - 2
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 79 10 9
Number of farms 39 7 8
Acres 150.66 126.14 139.73
Yield per acre (bu.) 30.57 17.47 55.51
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.75 3.69 3.68
Other product return per acre 0.03 - -
Total product return per acre 114.80 64.42 204.38
Miscellaneous income per acre 7.02 10.76 5.34
Gross return per acre 121.83 75.18 209.72
Direct Expenses
Seed 10.12 10.31 12.53
Fertilizer 20.98 19.36 25.83
Crop chemicals 13.32 15.74 20.98
Crop insurance 6.87 6.16 7.86
Drying fuel 0.10 0.05 0.74
Fuel & oil 6.54 6.60 5.95
Repairs 9.38 14.82 6.60
Custom hire 3.59 2.44 2.92
Land rent 26.01 22.86 31.26
Operating interest 2.17 3.13 2.04
Miscellaneous 0.35 - 0.02
Total direct expenses per acre 99.43 101.47 116.74
Return over direct exp per acre 22.40 -26.29 92.98
Overhead Expenses
Hired labor 3.53 2.39 1.84
Machinery & bldg leases 1.16 0.32 2.50
Farm insurance 1.49 1.16 1.85
Utilities 1.01 1.14 1.04
Interest 2.38 1.99 2.86
Mach & bldg depreciation 8.78 8.31 9.54
Miscellaneous 1.99 2.80 3.55
Total overhead expenses per acre 20.33 18.10 23.17
Total dir & ovhd expenses per acre 119.76 119.57 139.91
Net return per acre 2.07 -44.40 69.81
Lbr & mgt charge per acre 11.58 11.87 12.08
Net return over lbr & mgt -9.52 -56.27 57.73
Government payments 9.64 7.97 11.22
Net return with govt payments 0.12 -48.30 68.95
Cost of Production
Total direct expense per bu. 3.25 5.81 2.10
Total dir & ovhd exp per bu. 3.92 6.84 2.52
With labor & management 4.30 7.52 2.74
Total exp less govt & oth income 3.75 6.45 2.44
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