TABLE 11 - 31
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 93 15 24
Number of farms 62 12 13
Acres 158.35 75.58 240.02
Yield per acre (bu.) 21.66 11.10 26.43
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.81 4.59 5.91
Other product return per acre 0.07 - -
Total product return per acre 125.86 50.95 156.15
Miscellaneous income per acre 17.08 15.79 17.37
Gross return per acre 142.94 66.75 173.52
Direct Expenses
Seed 28.98 33.53 29.60
Fertilizer 8.35 11.71 7.11
Crop chemicals 13.56 11.00 14.10
Crop insurance 9.46 7.01 9.34
Fuel & oil 8.53 10.24 7.90
Repairs 11.50 14.48 10.07
Custom hire 4.24 5.46 1.74
Operating interest 2.37 2.27 2.43
Miscellaneous 0.17 0.48 0.28
Total direct expenses per acre 87.17 96.17 82.56
Return over direct exp per acre 55.78 -29.42 90.96
Overhead Expenses
Hired labor 4.31 2.38 6.08
Machinery & bldg leases 1.03 0.79 0.76
RE & pers. property taxes 5.49 4.97 5.92
Farm insurance 2.40 1.63 2.39
Utilities 1.82 1.92 1.96
Dues & professional fees 0.38 0.60 0.25
Interest 11.77 18.74 10.32
Mach & bldg depreciation 16.10 15.07 17.66
Miscellaneous 3.12 1.60 4.04
Total overhead expenses per acre 46.42 47.70 49.38
Total dir & ovhd expenses per acre 133.58 143.86 131.94
Net return per acre 9.36 -77.12 41.58
Lbr & mgt charge per acre 15.06 13.83 14.31
Net return over lbr & mgt -5.70 -90.95 27.27
Government payments 11.69 11.01 13.06
Net return with govt payments 5.99 -79.94 40.33
Cost of Production
Total direct expense per bu. 4.02 8.66 3.12
Total dir & ovhd exp per bu. 6.17 12.96 4.99
With labor & management 6.86 14.21 5.53
Total exp less govt & oth income 5.53 11.79 4.38
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