TABLE 11 - 5
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 383 55 72
Number of farms 154 30 31
Acres 164.24 138.51 208.43
Yield per acre (bu.) 41.08 28.14 58.63
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.51 3.17 3.63
Other product return per acre 0.39 0.12 0.99
Total product return per acre 144.56 89.45 213.69
Miscellaneous income per acre 5.54 10.38 1.28
Gross return per acre 150.10 99.84 214.97
Direct Expenses
Seed 9.07 8.87 10.46
Fertilizer 22.03 19.45 26.50
Crop chemicals 17.05 13.24 23.32
Crop insurance 7.15 8.13 6.96
Drying fuel 0.30 0.19 0.68
Fuel & oil 7.49 8.71 7.01
Repairs 9.59 12.57 8.59
Custom hire 3.30 5.00 3.33
Land rent 29.11 28.50 31.04
Operating interest 2.36 2.65 2.08
Miscellaneous 0.20 0.20 0.23
Total direct expenses per acre 107.64 107.50 120.20
Return over direct exp per acre 42.46 -7.67 94.77
Overhead Expenses
Hired labor 3.05 1.55 2.39
Machinery & bldg leases 0.97 1.12 1.47
Farm insurance 1.74 1.52 2.09
Utilities 1.35 1.53 1.39
Dues & professional fees 0.33 0.61 0.26
Interest 2.23 2.40 1.99
Mach & bldg depreciation 9.66 9.01 11.38
Miscellaneous 2.54 3.87 2.38
Total overhead expenses per acre 21.87 21.62 23.34
Total dir & ovhd expenses per acre 129.51 129.12 143.54
Net return per acre 20.59 -29.28 71.43
Lbr & mgt charge per acre 12.86 15.01 12.80
Net return over lbr & mgt 7.73 -44.29 58.63
Government payments 9.88 10.18 10.15
Net return with govt payments 17.60 -34.12 68.79
Cost of Production
Total direct expense per bu. 2.62 3.82 2.05
Total dir & ovhd exp per bu. 3.15 4.59 2.45
With labor & management 3.47 5.12 2.67
Total exp less govt & oth income 3.08 4.39 2.45
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