TABLE 11 - 59
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Prevented planting on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 164 29 29
Number of farms 71 14 15
Acres 106.16 98.68 95.84
Yield per acre - - -
Operators share of yield % 100.00 100.00 100.00
Value per unit - - -
Total product return per acre - - -
Miscellaneous income per acre 65.66 59.06 88.06
Gross return per acre 65.66 59.06 88.06
Direct Expenses
Fertilizer 2.42 11.89 -
Crop chemicals 3.82 2.67 3.07
Crop insurance 6.50 6.71 9.29
Fuel & oil 3.87 6.17 2.77
Repairs 4.59 6.39 3.23
Custom hire 0.35 0.55 -
Land rent 29.43 35.38 24.94
Operating interest 1.21 1.95 0.56
Miscellaneous 0.07 0.30 -
Total direct expenses per acre 52.25 72.00 43.86
Return over direct exp per acre 13.41 -12.94 44.20
Overhead Expenses
Hired labor 1.55 2.58 1.56
Machinery & bldg leases 0.45 0.16 0.92
Farm insurance 1.46 1.26 1.39
Utilities 1.04 1.62 1.14
Dues & professional fees 0.86 0.48 1.18
Interest 1.36 1.55 1.40
Mach & bldg depreciation 3.79 6.31 2.69
Miscellaneous 1.18 1.18 1.03
Total overhead expenses per acre 11.69 15.15 11.30
Total dir & ovhd expenses per acre 63.94 87.14 55.17
Net return per acre 1.72 -28.09 32.90
Lbr & mgt charge per acre 6.55 9.64 4.48
Net return over lbr & mgt -4.83 -37.72 28.42
Government payments 10.33 10.91 10.15
Net return with govt payments 5.51 -26.82 38.58
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