TABLE 11 - 24
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Flax on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 64 12 14
Number of farms 43 8 9
Acres 138.44 126.33 108.80
Yield per acre (bu.) 21.19 13.53 28.64
Operators share of yield % 100.00 100.00 100.00
Value per bu. 7.33 7.12 7.81
Total product return per acre 155.27 96.29 223.79
Miscellaneous income per acre 6.93 11.39 3.36
Gross return per acre 162.19 107.68 227.15
Direct Expenses
Seed 7.91 8.36 6.01
Fertilizer 17.50 15.91 14.87
Crop chemicals 17.16 17.71 15.08
Crop insurance 5.30 4.63 3.79
Fuel & oil 6.99 6.90 6.61
Repairs 11.12 14.28 14.89
Custom hire 3.68 2.85 3.27
Land rent 28.16 28.44 27.86
Operating interest 2.54 4.08 1.97
Miscellaneous 0.19 0.19 -
Total direct expenses per acre 100.54 103.34 94.34
Return over direct exp per acre 61.66 4.34 132.81
Overhead Expenses
Hired labor 3.64 4.52 2.62
Machinery & bldg leases 1.04 1.19 0.82
Farm insurance 1.55 1.02 1.98
Utilities 1.33 1.64 1.17
Dues & professional fees 0.50 0.17 0.50
Interest 1.98 1.94 1.39
Mach & bldg depreciation 9.23 6.49 10.35
Miscellaneous 2.06 1.28 1.87
Total overhead expenses per acre 21.34 18.24 20.71
Total dir & ovhd expenses per acre 121.88 121.59 115.05
Net return per acre 40.32 -13.91 112.10
Lbr & mgt charge per acre 11.88 10.75 12.93
Net return over lbr & mgt 28.44 -24.66 99.17
Government payments 9.27 8.22 9.50
Net return with govt payments 37.71 -16.44 108.67
Cost of Production
Total direct expense per bu. 4.75 7.64 3.29
Total dir & ovhd exp per bu. 5.75 8.99 4.02
With labor & management 6.31 9.78 4.47
Total exp less govt & oth income 5.55 8.33 4.02
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