TABLE 11 - 44
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 47 7 10
Number of farms 39 7 8
Acres 130.56 90.57 118.95
Yield per acre (ton) 0.88 0.33 1.67
Operators share of yield % 100.00 100.00 100.00
Value per ton 38.48 36.80 37.24
Other product return per acre 0.57 0.47 -
Total product return per acre 34.49 12.64 62.17
Miscellaneous income per acre 0.42 - -
Gross return per acre 34.91 12.64 62.17
Direct Expenses
Seed 0.35 1.76 -
Fertilizer 0.90 - -
Fuel & oil 5.38 5.16 3.80
Repairs 6.45 7.35 5.21
Custom hire 0.43 - 1.97
Operating interest 1.28 2.27 0.87
Miscellaneous 0.43 0.50 0.66
Total direct expenses per acre 15.22 17.04 12.50
Return over direct exp per acre 19.69 -4.40 49.68
Overhead Expenses
Hired labor 1.71 2.06 0.41
Machinery & bldg leases 0.46 0.07 0.94
RE & pers. property taxes 2.72 2.72 3.88
Farm insurance 1.23 1.49 1.69
Utilities 0.79 1.04 0.93
Interest 7.68 7.24 10.10
Mach & bldg depreciation 4.30 9.69 4.40
Miscellaneous 1.39 2.73 1.56
Total overhead expenses per acre 20.26 27.04 23.91
Total dir & ovhd expenses per acre 35.48 44.08 36.41
Net return per acre -0.57 -31.44 25.76
Lbr & mgt charge per acre 7.83 8.05 8.84
Net return over lbr & mgt -8.40 -39.49 16.92
Government payments 1.83 0.78 0.30
Net return with govt payments -6.57 -38.72 17.23
Cost of Production
Total direct expense per ton 17.27 51.55 7.48
Total dir & ovhd exp per ton 40.24 133.35 21.81
With labor & management 49.12 157.70 27.10
Total exp less govt & oth income 45.93 153.92 26.92
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