TABLE 11 - 49
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Native Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 52 5 13
Number of farms 27 5 6
Acres 52.21 155.60 32.08
Yield per acre (ton) 1.06 0.73 1.45
Operators share of yield % 100.00 100.00 100.00
Value per ton 30.23 27.42 41.42
Total product return per acre 32.14 20.07 60.00
Miscellaneous income per acre 0.13 - -
Gross return per acre 32.27 20.07 60.00
Direct Expenses
Fuel & oil 5.99 6.81 5.01
Repairs 6.82 8.94 6.64
Land rent 9.69 10.96 9.28
Operating interest 1.28 1.62 0.92
Miscellaneous 0.64 0.64 -
Total direct expenses per acre 24.41 28.96 21.85
Return over direct exp per acre 7.86 -8.89 38.14
Overhead Expenses
Hired labor 2.69 3.80 1.84
Machinery & bldg leases 0.70 1.29 1.05
Farm insurance 1.40 0.86 2.45
Utilities 0.62 0.60 0.89
Interest 1.99 1.41 3.80
Mach & bldg depreciation 4.89 4.14 4.58
Miscellaneous 1.78 1.77 2.81
Total overhead expenses per acre 14.06 13.86 17.40
Total dir & ovhd expenses per acre 38.47 42.82 39.26
Net return per acre -6.21 -22.75 20.74
Lbr & mgt charge per acre 8.29 6.90 14.44
Net return over lbr & mgt -14.50 -29.65 6.30
Government payments - - -
Net return with govt payments -14.50 -29.65 6.30
Cost of Production
Total direct expense per ton 22.96 39.57 15.09
Total dir & ovhd exp per ton 36.19 58.50 27.10
With labor & management 43.98 67.93 37.07
Total exp less govt & oth income 43.86 67.93 37.07
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