TABLE 11 - 6
Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 115 14 31
Number of farms 59 11 12
Acres 149.34 116.11 173.26
Yield per acre (bu.) 43.36 34.37 54.45
Operators share of yield % 64.37 62.74 65.32
Value per bu. 3.32 3.06 3.51
Total product return per acre 92.59 66.08 124.94
Miscellaneous income per acre 1.41 2.88 -
Gross return per acre 94.00 68.96 124.94
Direct Expenses
Seed 7.61 5.88 8.60
Fertilizer 20.54 20.82 24.52
Crop chemicals 14.11 13.39 18.04
Crop insurance 5.11 5.77 4.94
Drying fuel 0.34 0.91 0.62
Fuel & oil 7.66 10.57 7.57
Repairs 10.59 16.24 10.80
Custom hire 2.89 5.73 0.83
Operating interest 1.92 4.50 1.82
Miscellaneous 1.26 - 1.22
Total direct expenses per acre 72.05 83.80 78.95
Return over direct exp per acre 21.95 -14.85 45.99
Overhead Expenses
Hired labor 3.05 4.28 4.68
Machinery & bldg leases 0.93 0.41 0.45
Farm insurance 1.77 2.05 1.81
Utilities 1.30 1.51 1.29
Interest 2.03 3.01 2.77
Mach & bldg depreciation 7.97 10.93 8.00
Miscellaneous 1.99 3.92 1.50
Total overhead expenses per acre 19.04 26.12 20.51
Total dir & ovhd expenses per acre 91.09 109.92 99.46
Net return per acre 2.91 -40.96 25.48
Lbr & mgt charge per acre 11.59 13.28 10.79
Net return over lbr & mgt -8.67 -54.24 14.69
Government payments 7.06 7.58 7.63
Net return with govt payments -1.62 -46.65 22.32
Cost of Production
Total direct expense per bu. 2.58 3.89 2.22
Total dir & ovhd exp per bu. 3.26 5.10 2.80
With labor & management 3.68 5.71 3.10
Total exp less govt & oth income 3.38 5.23 2.89
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