TABLE 11 - 45
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 106 26 17
Number of farms 58 11 12
Acres 146.53 71.73 130.52
Yield per acre (ton) 1.20 0.56 1.97
Operators share of yield % 100.00 100.00 100.00
Value per ton 38.69 44.06 39.82
Other product return per acre 0.11 0.71 0.20
Total product return per acre 46.51 25.32 78.71
Miscellaneous income per acre 0.06 0.49 -
Gross return per acre 46.57 25.81 78.71
Direct Expenses
Fertilizer 0.12 1.04 -
Fuel & oil 5.35 5.02 5.51
Repairs 6.57 7.16 5.06
Custom hire 0.52 0.65 0.23
Land rent 12.73 16.35 9.51
Operating interest 1.17 1.38 0.94
Miscellaneous 0.41 0.70 0.12
Total direct expenses per acre 26.88 32.30 21.37
Return over direct exp per acre 19.69 -6.49 57.35
Overhead Expenses
Hired labor 1.59 2.11 0.95
Machinery & bldg leases 0.53 0.02 1.48
Farm insurance 1.63 1.11 1.67
Utilities 1.10 0.66 0.64
Interest 2.15 3.03 2.79
Mach & bldg depreciation 4.41 4.12 4.49
Miscellaneous 1.77 2.19 2.04
Total overhead expenses per acre 13.19 13.23 14.06
Total dir & ovhd expenses per acre 40.08 45.52 35.43
Net return per acre 6.50 -19.71 43.28
Lbr & mgt charge per acre 7.99 8.12 11.63
Net return over lbr & mgt -1.50 -27.83 31.66
Government payments 1.96 4.12 0.49
Net return with govt payments 0.47 -23.71 32.14
Cost of Production
Total direct expense per ton 22.41 57.82 10.84
Total dir & ovhd exp per ton 33.41 81.49 17.97
With labor & management 40.08 96.03 23.87
Total exp less govt & oth income 38.30 86.51 23.52
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