TABLE 11 - 21
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn Silage on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 42 8 8
Number of farms 40 8 8
Acres 77.57 47.14 121.05
Yield per acre (ton) 8.71 6.10 11.13
Operators share of yield % 100.00 100.00 100.00
Value per ton 15.83 13.20 15.71
Other product return per acre 2.28 - 3.62
Total product return per acre 140.13 80.48 178.39
Miscellaneous income per acre 12.67 - 28.48
Gross return per acre 152.80 80.48 206.86
Direct Expenses
Seed 25.21 30.55 20.43
Fertilizer 20.78 30.53 13.72
Crop chemicals 13.13 8.91 12.04
Crop insurance 4.46 4.45 4.96
Fuel & oil 13.09 17.42 11.11
Repairs 15.37 22.10 13.99
Custom hire 5.18 1.82 8.23
Operating interest 2.41 5.49 1.47
Miscellaneous 1.23 - -
Total direct expenses per acre 100.86 121.26 85.96
Return over direct exp per acre 51.94 -40.78 120.90
Overhead Expenses
Hired labor 4.89 2.75 3.04
Machinery & bldg leases 0.55 0.72 0.32
RE & pers. property taxes 4.51 5.50 5.06
Farm insurance 1.54 2.25 1.42
Utilities 1.41 1.63 1.31
Interest 15.34 22.52 16.47
Mach & bldg depreciation 11.47 17.24 10.28
Miscellaneous 2.40 2.10 2.25
Total overhead expenses per acre 42.10 54.71 40.17
Total dir & ovhd expenses per acre 142.96 175.97 126.13
Net return per acre 9.84 -95.48 80.73
Lbr & mgt charge per acre 17.86 21.05 17.92
Net return over lbr & mgt -8.02 -116.53 62.82
Government payments 8.92 10.01 7.94
Net return with govt payments 0.90 -106.52 70.76
Cost of Production
Total direct expense per ton 11.58 19.89 7.73
Total dir & ovhd exp per ton 16.42 28.86 11.34
With labor & management 18.47 32.32 12.95
Total exp less govt & oth income 15.73 30.67 9.35
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