TABLE 11 - 22
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn Silage on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 43 7 8
Number of farms 32 6 7
Acres 73.49 34.21 52.09
Yield per acre (ton) 6.04 3.86 12.07
Operators share of yield % 100.00 100.00 100.00
Value per ton 17.22 16.76 16.13
Other product return per acre 0.25 - -
Total product return per acre 104.22 64.71 194.66
Miscellaneous income per acre 34.10 23.82 32.97
Gross return per acre 138.32 88.53 227.63
Direct Expenses
Seed 25.32 26.98 27.86
Fertilizer 19.59 29.15 25.41
Crop chemicals 12.52 8.44 11.95
Crop insurance 6.66 4.66 7.17
Fuel & oil 11.50 13.64 17.57
Repairs 16.95 13.78 20.81
Custom hire 2.65 2.01 15.29
Land rent 26.19 33.71 25.75
Operating interest 2.84 4.96 4.80
Miscellaneous 0.40 - -
Total direct expenses per acre 124.62 137.34 156.60
Return over direct exp per acre 13.70 -48.82 71.03
Overhead Expenses
Hired labor 8.65 5.97 1.09
Farm insurance 1.79 1.87 2.15
Utilities 1.32 1.29 1.66
Dues & professional fees 0.35 0.51 0.15
Interest 3.76 3.90 3.81
Mach & bldg depreciation 14.05 14.02 17.30
Miscellaneous 3.01 1.70 4.88
Total overhead expenses per acre 32.93 29.24 31.05
Total dir & ovhd expenses per acre 157.55 166.58 187.65
Net return per acre -19.23 -78.06 39.98
Lbr & mgt charge per acre 22.36 18.48 24.39
Net return over lbr & mgt -41.59 -96.54 15.59
Government payments 9.04 9.98 10.23
Net return with govt payments -32.56 -86.56 25.82
Cost of Production
Total direct expense per ton 20.63 35.58 12.98
Total dir & ovhd exp per ton 26.09 43.15 15.55
With labor & management 29.79 47.94 17.57
Total exp less govt & oth income 22.61 39.18 13.99
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