TABLE 11 - 42
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 37 5 10
Number of farms 28 5 6
Acres 78.32 22.28 110.29
Yield per acre (ton) 1.22 0.90 1.80
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.20 26.14 30.59
Total product return per acre 38.20 23.59 55.20
Miscellaneous income per acre 0.45 - -
Gross return per acre 38.65 23.59 55.20
Direct Expenses
Fertilizer 0.51 - 0.45
Fuel & oil 5.21 6.77 3.46
Repairs 5.33 7.67 3.30
Operating interest 1.33 3.34 1.39
Miscellaneous 0.17 0.21 0.13
Total direct expenses per acre 12.56 17.98 8.72
Return over direct exp per acre 26.09 5.60 46.47
Overhead Expenses
Hired labor 1.91 1.41 3.29
Machinery & bldg leases 0.12 1.26 0.02
RE & pers. property taxes 2.56 12.98 1.85
Farm insurance 0.67 1.04 0.47
Utilities 0.64 1.01 0.60
Interest 8.07 8.66 6.24
Mach & bldg depreciation 4.02 6.69 3.95
Miscellaneous 1.25 1.86 0.73
Total overhead expenses per acre 19.24 34.90 17.14
Total dir & ovhd expenses per acre 31.79 52.88 25.87
Net return per acre 6.85 -29.30 29.33
Lbr & mgt charge per acre 7.73 8.65 8.29
Net return over lbr & mgt -0.88 -37.95 21.04
Government payments 0.95 - 0.39
Net return with govt payments 0.07 -37.95 21.43
Cost of Production
Total direct expense per ton 10.26 19.93 4.83
Total dir & ovhd exp per ton 25.97 58.62 14.34
With labor & management 32.29 68.21 18.93
Total exp less govt & oth income 31.15 68.21 18.71
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