TABLE 11 - 32
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 162 24 33
Number of farms 83 16 17
Acres 200.90 97.24 430.97
Yield per acre (bu.) 20.48 7.11 23.48
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.86 4.94 6.07
Other product return per acre 0.04 0.56 -
Total product return per acre 119.95 35.66 142.56
Miscellaneous income per acre 27.39 35.75 33.72
Gross return per acre 147.33 71.41 176.28
Direct Expenses
Seed 28.22 34.24 25.70
Fertilizer 9.17 11.07 8.06
Crop chemicals 13.47 11.72 14.71
Crop insurance 9.34 7.55 8.86
Fuel & oil 7.91 9.33 6.53
Repairs 9.94 11.74 8.07
Custom hire 4.81 7.96 3.27
Land rent 33.63 31.44 34.76
Operating interest 2.58 3.42 2.58
Miscellaneous 0.14 - 0.19
Total direct expenses per acre 119.22 128.47 112.72
Return over direct exp per acre 28.11 -57.06 63.56
Overhead Expenses
Hired labor 3.84 3.30 4.81
Machinery & bldg leases 1.63 0.37 2.16
Farm insurance 2.03 2.35 2.04
Utilities 1.54 1.76 1.51
Dues & professional fees 0.39 0.69 0.41
Interest 2.41 4.67 2.42
Mach & bldg depreciation 13.39 17.21 11.88
Miscellaneous 2.94 2.29 2.69
Total overhead expenses per acre 28.15 32.63 27.93
Total dir & ovhd expenses per acre 147.38 161.10 140.65
Net return per acre -0.04 -89.69 35.63
Lbr & mgt charge per acre 13.83 18.06 11.17
Net return over lbr & mgt -13.87 -107.75 24.46
Government payments 10.42 10.22 10.41
Net return with govt payments -3.45 -97.53 34.87
Cost of Production
Total direct expense per bu. 5.82 18.08 4.80
Total dir & ovhd exp per bu. 7.20 22.67 5.99
With labor & management 7.87 25.21 6.47
Total exp less govt & oth income 6.02 18.66 4.59
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