Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
MIXED HAY ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 58 13 13
Number of farms 51 10 10
Acres 87.05 57.25 72.39
Yield per acre (ton) 1.40 0.96 2.22
Operators share of yield % 100.00 100.00 100.00
Value per ton 31.42 24.36 29.46
Total product return per acre 43.89 23.31 65.35
Miscellaneous income per acre 0.56 0.00 3.03
Gross return per acre 44.46 23.31 68.38
Direct expenses per acre
Seed 0.06 0.00 0.00
Fertilizer 0.16 0.00 0.00
Fuel & oil 4.08 2.90 4.69
Repairs 6.69 5.88 8.99
Custom hire 0.04 0.00 0.00
Operating interest 2.39 1.50 1.95
Miscellaneous 0.46 0.79 0.89
Total direct expenses per acre 13.88 11.08 16.52
Return over direct expenses per acre 30.57 12.23 51.86
Overhead expenses per acre
Hired labor 2.10 1.63 1.12
Machinery & bldg leases 0.43 0.40 1.81
RE & pers. property taxes 1.92 2.12 1.56
Farm insurance 0.95 1.06 1.23
Utilities 0.94 0.97 0.74
Dues & professional fees 0.29 0.13 0.45
Interest 8.35 8.77 10.77
Mach & bldg depreciation 3.94 4.90 4.89
Miscellaneous 1.08 0.93 1.19
Total overhead expenses per acre 20.00 20.90 23.77
Total listed expenses per acre 33.88 31.98 40.29
Net return per acre 10.57 -8.67 28.09
Total direct expense per ton 9.94 11.58 7.45
Total listed expense per ton 24.25 33.42 18.17
Net return per ton 7.57 -9.06 12.66
Breakeven yield per acre 1.06 1.31 1.26
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
MIXED HAY ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 101 15 22
Number of farms 62 12 12
Acres 108.77 139.89 67.80
Yield per acre (ton) 1.52 0.66 2.17
Operators share of yield % 100.00 100.00 100.00
Value per ton 28.86 25.40 31.12
Total product return per acre 43.97 16.79 67.50
Miscellaneous income per acre 0.02 0.00 0.00
Gross return per acre 44.00 16.79 67.50
Direct expenses per acre
Seed 0.07 0.00 0.48
Fertilizer 0.08 0.38 0.00
Crop chemicals 0.01 0.00 0.04
Fuel & oil 3.53 3.99 2.79
Repairs 5.55 7.58 3.13
Custom hire 1.75 0.42 0.22
Land rent 10.45 5.24 12.95
Operating interest 1.59 1.43 1.50
Miscellaneous 0.63 0.17 0.44
Total direct expenses per acre 23.65 19.21 21.55
Return over direct expenses per acre 20.34 -2.42 45.95
Overhead expenses per acre
Hired labor 1.03 2.14 0.46
Machinery & bldg leases 0.37 0.52 0.65
Farm insurance 0.70 0.67 0.54
Utilities 0.66 0.71 0.38
Dues & professional fees 0.28 0.61 0.17
Interest 2.06 2.18 1.54
Mach & bldg depreciation 3.82 4.96 3.04
Miscellaneous 1.20 1.17 1.47
Total overhead expenses per acre 10.12 12.96 8.25
Total listed expenses per acre 33.77 32.17 29.80
Net return per acre 10.22 -15.38 37.69
Total direct expense per ton 15.53 29.06 9.94
Total listed expense per ton 22.17 48.67 13.74
Net return per ton 6.71 -23.27 17.38
Breakeven yield per acre 1.17 1.27 0.96
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Average of All Farms)
MIXED HAY ON SHARE RENTED LAND
Average For
All Farms
Number of fields 12
Number of farms 11
Acres 90.80
Yield per acre (ton) 1.41
Operators share of yield % 60.28
Value per ton 31.29
Total product return per acre 26.14
Miscellaneous income per acre 0.00
Gross return per acre 26.14
Direct expenses per acre
Fertilizer 0.74
Fuel & oil 2.85
Repairs 5.26
Custom hire 0.79
Operating interest 1.57
Miscellaneous 0.54
Total direct expenses per acre 11.74
Return over direct expenses per acre 14.40
Overhead expenses per acre
Hired labor 1.46
Farm insurance 0.61
Utilities 0.67
Dues & professional fees 0.09
Interest 1.66
Mach & bldg depreciation 3.18
Miscellaneous 1.05
Total overhead expenses per acre 8.73
Total listed expenses per acre 20.46
Net return per acre 5.67
Total direct expense per ton 13.84
Total listed expense per ton 24.12
Net return per ton 6.69
Breakeven yield per acre 1.08