TABLE 11 - 4
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 237 36 42
Number of farms 120 24 24
Acres 151.29 132.49 145.88
Yield per acre (bu.) 39.72 21.81 59.12
Operators share of yield % 100.00 100.00 100.00
Value per bu. 3.50 3.44 3.39
Other product return per acre 0.50 0.89 1.78
Total product return per acre 139.68 76.00 202.22
Miscellaneous income per acre 6.47 14.31 6.50
Gross return per acre 146.15 90.31 208.72
Direct Expenses
Seed 8.76 7.86 9.53
Fertilizer 21.96 18.52 25.15
Crop chemicals 15.52 14.31 15.14
Crop insurance 6.75 6.89 8.81
Drying fuel 0.16 0.18 0.51
Fuel & oil 7.45 7.74 7.84
Repairs 10.10 11.04 11.04
Custom hire 4.41 8.48 0.93
Operating interest 1.82 2.18 2.15
Miscellaneous 0.41 0.02 0.15
Total direct expenses per acre 77.33 77.23 81.26
Return over direct exp per acre 68.82 13.08 127.46
Overhead Expenses
Hired labor 3.80 2.76 3.33
Machinery & bldg leases 0.57 0.70 0.83
RE & pers. property taxes 4.29 4.10 4.90
Farm insurance 2.04 2.43 2.26
Utilities 1.37 1.58 1.68
Interest 11.41 18.27 11.08
Mach & bldg depreciation 9.66 8.00 11.13
Miscellaneous 2.82 2.99 4.00
Total overhead expenses per acre 35.95 40.82 39.19
Total dir & ovhd expenses per acre 113.29 118.05 120.45
Net return per acre 32.86 -27.74 88.27
Lbr & mgt charge per acre 13.06 16.59 12.96
Net return over lbr & mgt 19.81 -44.33 75.32
Government payments 10.14 9.92 11.70
Net return with govt payments 29.95 -34.41 87.02
Cost of Production
Total direct expense per bu. 1.95 3.54 1.37
Total dir & ovhd exp per bu. 2.85 5.41 2.04
With labor & management 3.18 6.17 2.26
Total exp less govt & oth income 2.75 5.02 1.92
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