Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
CORN ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 27 6 5
Number of farms 25 5 5
Acres 87.69 66.53 95.50
Yield per acre (bushel) 101.17 50.26 129.09
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.79 1.74 1.81
Total product return per acre 180.69 87.40 234.16
Miscellaneous income per acre 4.14 0.00 0.00
Gross return per acre 184.84 87.40 234.16
Direct expenses per acre
Seed 28.69 22.44 24.41
Fertilizer 26.33 16.25 25.59
Crop chemicals 26.35 24.88 27.72
Crop insurance 5.03 3.15 3.86
Drying fuel 1.30 0.00 2.69
Fuel & oil 9.49 10.87 9.24
Repairs 15.25 20.02 14.22
Custom hire 3.77 0.00 1.20
Operating interest 6.20 13.65 5.15
Miscellaneous 0.03 0.19 0.00
Total direct expenses per acre 122.44 111.45 114.09
Return over direct expenses per acre 62.40 -24.05 120.07
Overhead expenses per acre
Hired labor 3.90 3.98 5.85
Machinery & bldg leases 3.06 3.91 7.73
RE & pers. property taxes 5.15 3.59 5.17
Farm insurance 2.45 2.92 2.57
Utilities 2.17 3.57 2.15
Dues & professional fees 1.21 0.04 1.73
Interest 19.41 14.66 22.43
Mach & bldg depreciation 11.70 16.75 8.71
Miscellaneous 2.39 4.76 2.58
Total overhead expenses per acre 51.46 54.17 58.93
Total listed expenses per acre 173.90 165.63 173.01
Net return per acre 10.94 -78.23 61.14
Total direct expense per bushel 1.21 2.22 0.88
Total listed expense per bushel 1.72 3.30 1.34
Net return per bushel 0.11 -1.56 0.47
Breakeven yield per acre 95.04 95.24 95.38
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
CORN ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 44 6 12
Number of farms 32 6 6
Acres 83.34 63.42 69.83
Yield per acre (bushel) 111.41 67.14 124.76
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.84 1.79 1.90
Total product return per acre 204.52 120.44 237.52
Miscellaneous income per acre 2.19 1.40 3.25
Gross return per acre 206.71 121.84 240.76
Direct expenses per acre
Seed 24.04 19.71 22.96
Fertilizer 28.50 25.97 21.60
Crop chemicals 26.12 23.44 20.58
Crop insurance 6.27 8.01 6.28
Drying fuel 1.97 1.88 2.05
Fuel & oil 9.88 9.86 7.89
Repairs 15.10 17.39 12.87
Custom hire 4.00 7.66 2.07
Land rent 35.42 39.53 31.78
Operating interest 5.45 6.63 5.36
Total direct expenses per acre 156.76 160.07 133.44
Return over direct expenses per acre 49.95 -38.23 107.32
Overhead expenses per acre
Hired labor 4.77 13.96 6.29
Machinery & bldg leases 2.15 1.11 5.76
Farm insurance 2.59 3.44 1.79
Utilities 2.32 2.48 1.74
Dues & professional fees 0.80 0.43 0.80
Interest 4.09 4.61 3.22
Mach & bldg depreciation 11.61 13.70 14.49
Miscellaneous 2.94 2.75 1.74
Total overhead expenses per acre 31.28 42.48 35.83
Total listed expenses per acre 188.04 202.56 169.27
Net return per acre 18.67 -80.72 71.50
Total direct expense per bushel 1.41 2.38 1.07
Total listed expense per bushel 1.69 3.02 1.36
Net return per bushel 0.17 -1.20 0.57
Breakeven yield per acre 101.24 112.13 87.21
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Average of All Farms)
CORN ON SHARE RENTED LAND
Average For
All Farms
Number of fields 12
Number of farms 10
Acres 56.88
Yield per acre (bushel) 94.06
Operators share of yield % 65.93
Value per bushel 1.79
Total product return per acre 109.13
Miscellaneous income per acre 2.36
Gross return per acre 111.49
Direct expenses per acre
Seed 18.26
Fertilizer 14.71
Crop chemicals 16.55
Crop insurance 2.96
Drying fuel 1.15
Fuel & oil 8.50
Repairs 10.44
Custom hire 1.42
Operating interest 3.27
Total direct expenses per acre 77.26
Return over direct expenses per acre 34.23
Overhead expenses per acre
Hired labor 2.40
Machinery & bldg leases 2.35
Farm insurance 1.63
Utilities 1.43
Dues & professional fees 0.20
Interest 4.24
Mach & bldg depreciation 11.70
Miscellaneous 2.07
Total overhead expenses per acre 26.01
Total listed expenses per acre 103.27
Net return per acre 8.22
Total direct expense per bushel 1.25
Total listed expense per bushel 1.67
Net return per bushel 0.13
Breakeven yield per acre 85.69