Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
DURUM WHEAT ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 128 33 25
Number of farms 79 16 16
Acres 125.80 51.52 158.24
Yield per acre (bushel) 20.48 21.99 11.54
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.74 2.26 2.75
Other product return per acre 0.04 0.00 0.14
Total product return per acre 56.08 49.65 31.90
Miscellaneous income per acre 49.83 13.64 104.88
Gross return per acre 105.91 63.29 136.78
Direct expenses per acre
Seed 7.05 6.05 6.55
Fertilizer 8.39 8.73 5.11
Crop chemicals 7.00 7.26 7.04
Crop insurance 9.65 7.61 12.72
Drying fuel 0.22 0.00 0.13
Fuel & oil 5.31 8.08 5.59
Repairs 9.93 13.11 7.92
Custom hire 1.74 0.15 0.15
Operating interest 3.45 4.98 3.28
Miscellaneous 0.15 0.18 0.02
Total direct expenses per acre 52.90 56.16 48.52
Return over direct expenses per acre 53.01 7.13 88.26
Overhead expenses per acre
Hired labor 2.38 2.51 2.07
Machinery & bldg leases 0.74 0.93 1.08
RE & pers. property taxes 3.98 3.94 4.44
Farm insurance 1.51 1.88 1.47
Utilities 1.70 2.89 1.30
Hauling and trucking 0.01 0.00 0.06
Dues & professional fees 0.31 0.17 0.30
Interest 16.33 18.56 20.05
Mach & bldg depreciation 10.22 10.95 10.14
Miscellaneous 3.58 5.17 3.02
Total overhead expenses per acre 40.77 47.00 43.94
Total listed expenses per acre 93.67 103.16 92.45
Net return per acre 12.24 -39.87 44.32
Total direct expense per bushel 2.58 2.55 4.20
Total listed expense per bushel 4.57 4.69 8.01
Net return per bushel 0.60 -1.81 3.84
Breakeven yield per acre 16.01 39.65 -4.57
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
DURUM WHEAT ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 226 29 47
Number of farms 81 16 16
Acres 145.49 170.61 182.37
Yield per acre (bushel) 19.02 24.45 14.91
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.82 2.49 3.27
Total product return per acre 53.62 60.93 48.73
Miscellaneous income per acre 53.54 2.32 91.80
Gross return per acre 107.16 63.25 140.52
Direct expenses per acre
Seed 7.61 7.16 7.03
Fertilizer 8.63 12.25 4.79
Crop chemicals 8.76 10.19 7.38
Crop insurance 11.01 9.92 14.59
Drying fuel 0.12 0.00 0.00
Fuel & oil 5.70 5.72 4.38
Repairs 10.58 12.63 5.82
Custom hire 2.70 1.14 1.31
Hired labor 0.16 0.00 0.00
Land rent 28.96 28.37 27.28
Operating interest 3.74 1.90 2.83
Miscellaneous 0.07 0.31 0.01
Total direct expenses per acre 88.03 89.59 75.42
Return over direct expenses per acre 19.13 -26.34 65.10
Overhead expenses per acre
Hired labor 3.17 4.69 3.13
Machinery & bldg leases 1.30 1.39 1.16
Farm insurance 1.42 1.79 1.30
Utilities 1.10 1.68 0.67
Hauling and trucking 0.01 0.00 0.00
Dues & professional fees 0.36 0.27 0.17
Interest 3.25 2.89 3.08
Mach & bldg depreciation 9.10 8.31 10.06
Miscellaneous 2.66 3.05 2.15
Total overhead expenses per acre 22.39 24.07 21.72
Total listed expenses per acre 110.42 113.66 97.15
Net return per acre -3.26 -50.41 43.38
Total direct expense per bushel 4.63 3.66 5.06
Total listed expense per bushel 5.81 4.65 6.52
Net return per bushel -0.17 -2.06 2.91
Breakeven yield per acre 20.17 44.68 1.64
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
DURUM WHEAT ON SHARE RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 100 19 21
Number of farms 47 9 9
Acres 94.77 98.17 108.57
Yield per acre (bushel) 22.85 26.18 17.51
Operators share of yield % 67.01 67.61 71.24
Value per bushel 2.71 2.58 2.89
Total product return per acre 41.87 45.34 36.69
Miscellaneous income per acre 27.78 1.99 56.11
Gross return per acre 69.65 47.33 92.80
Direct expenses per acre
Seed 6.64 6.55 7.36
Fertilizer 9.24 14.74 6.96
Crop chemicals 7.99 12.34 6.08
Crop insurance 6.48 5.53 8.42
Drying fuel 0.14 0.03 0.00
Fuel & oil 5.15 5.07 4.07
Repairs 8.22 7.73 6.24
Custom hire 1.43 2.09 0.53
Operating interest 2.58 2.33 2.14
Miscellaneous 0.33 1.52 0.02
Total direct expenses per acre 48.21 57.93 41.83
Return over direct expenses per acre 21.43 -10.61 50.97
Overhead expenses per acre
Hired labor 3.49 2.12 4.77
Machinery & bldg leases 0.41 0.64 0.50
Farm insurance 1.28 0.96 1.46
Utilities 1.20 1.22 0.91
Dues & professional fees 0.43 0.08 0.49
Interest 2.94 3.18 3.93
Mach & bldg depreciation 9.17 3.96 9.19
Miscellaneous 2.54 2.72 2.46
Total overhead expenses per acre 21.47 14.88 23.70
Total listed expenses per acre 69.68 72.81 65.53
Net return per acre -0.04 -25.48 27.27
Total direct expense per bushel 3.15 3.27 3.35
Total listed expense per bushel 4.55 4.11 5.25
Net return per bushel -0.00 -1.44 2.19
Breakeven yield per acre 23.06 40.55 4.58