TABLE 11 - 43
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 54 7 7
Number of farms 35 7 7
Acres 104.32 41.59 46.57
Yield per acre (ton) 0.89 0.09 2.40
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.10 26.31 30.48
Other product return per acre 0.05 1.03 -
Total product return per acre 27.79 3.47 73.20
Miscellaneous income per acre - - -
Gross return per acre 27.79 3.47 73.20
Direct Expenses
Fuel & oil 5.30 5.84 5.92
Repairs 6.60 5.38 6.12
Custom hire 1.07 - -
Land rent 8.13 9.49 4.81
Operating interest 1.33 1.61 1.47
Miscellaneous 0.15 - 0.29
Total direct expenses per acre 22.57 22.32 18.60
Return over direct exp per acre 5.22 -18.85 54.60
Overhead Expenses
Hired labor 1.24 3.03 1.92
Farm insurance 0.79 0.86 0.82
Utilities 0.88 1.19 0.60
Dues & professional fees 0.28 1.23 0.14
Interest 1.38 4.03 1.67
Mach & bldg depreciation 3.92 4.09 7.29
Miscellaneous 0.91 1.96 1.30
Total overhead expenses per acre 9.40 16.40 13.73
Total dir & ovhd expenses per acre 31.97 38.72 32.33
Net return per acre -4.18 -35.25 40.87
Lbr & mgt charge per acre 7.31 7.79 7.72
Net return over lbr & mgt -11.49 -43.05 33.15
Government payments 0.09 1.47 0.18
Net return with govt payments -11.40 -41.57 33.33
Cost of Production
Total direct expense per ton 25.31 240.58 7.74
Total dir & ovhd exp per ton 35.85 417.35 13.46
With labor & management 44.05 501.34 16.68
Total exp less govt & oth income 43.89 474.38 16.60
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