TABLE 11 - 33
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 32 5 6
Number of farms 25 5 5
Acres 178.88 105.12 269.50
Yield per acre (bu.) 19.88 11.90 28.06
Operators share of yield % 60.56 69.95 51.39
Value per bu. 5.51 5.01 5.99
Total product return per acre 66.37 41.68 86.34
Miscellaneous income per acre 11.41 29.82 2.52
Gross return per acre 77.79 71.50 88.86
Direct Expenses
Seed 27.03 41.24 20.91
Fertilizer 7.95 13.75 3.85
Crop chemicals 10.70 10.39 8.00
Crop insurance 6.92 10.30 4.66
Fuel & oil 8.24 10.67 5.87
Repairs 11.41 12.64 7.27
Custom hire 4.81 15.59 0.77
Operating interest 2.77 3.28 3.56
Miscellaneous 0.31 - 0.90
Total direct expenses per acre 80.13 117.86 55.81
Return over direct exp per acre -2.35 -46.35 33.05
Overhead Expenses
Hired labor 5.87 2.73 6.71
Machinery & bldg leases 1.14 0.59 0.43
Farm insurance 2.04 2.35 1.99
Utilities 1.63 1.94 1.58
Interest 2.85 2.32 3.45
Mach & bldg depreciation 12.26 12.14 11.57
Miscellaneous 2.86 2.52 2.59
Total overhead expenses per acre 28.64 24.59 28.33
Total dir & ovhd expenses per acre 108.77 142.45 84.13
Net return per acre -30.99 -70.94 4.73
Lbr & mgt charge per acre 13.10 19.18 8.91
Net return over lbr & mgt -44.08 -90.12 -4.19
Government payments 7.36 7.34 6.15
Net return with govt payments -36.73 -82.79 1.97
Cost of Production
Total direct expense per bu. 6.66 14.15 3.87
Total dir & ovhd exp per bu. 9.03 17.11 5.83
With labor & management 10.12 19.41 6.45
Total exp less govt & oth income 8.56 14.95 5.85
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