Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
OATS HAY ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 46 9 10
Number of farms 38 8 8
Acres 67.82 53.23 78.27
Yield per acre (ton) 1.55 1.17 2.28
Operators share of yield % 100.00 100.00 100.00
Value per ton 35.21 29.22 38.67
Total product return per acre 54.65 34.21 88.02
Miscellaneous income per acre 7.48 0.00 1.94
Gross return per acre 62.13 34.21 89.96
Direct expenses per acre
Seed 4.56 5.13 4.41
Fertilizer 6.68 9.95 9.06
Crop chemicals 0.36 0.61 0.07
Crop insurance 0.97 0.56 0.66
Fuel & oil 4.82 5.83 3.92
Repairs 8.15 7.11 4.97
Custom hire 0.87 0.00 1.43
Operating interest 1.57 1.81 1.10
Miscellaneous 0.44 0.14 0.43
Total direct expenses per acre 28.42 31.15 26.05
Return over direct expenses per acre 33.71 3.07 63.91
Overhead expenses per acre
Hired labor 2.31 2.15 1.87
Machinery & bldg leases 0.26 0.21 0.64
RE & pers. property taxes 2.44 2.53 2.26
Farm insurance 1.03 0.92 0.75
Utilities 1.06 0.62 0.48
Dues & professional fees 0.31 0.32 0.24
Interest 10.62 15.25 8.25
Mach & bldg depreciation 4.89 5.09 2.94
Miscellaneous 2.53 1.38 2.45
Total overhead expenses per acre 25.45 28.47 19.89
Total listed expenses per acre 53.88 59.62 45.94
Net return per acre 8.25 -25.40 44.02
Total direct expense per ton 18.31 26.60 11.45
Total listed expense per ton 34.71 50.91 20.18
Net return per ton 5.32 -21.69 19.34
Breakeven yield per acre 1.32 2.04 1.14
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
OATS HAY ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 49 8 10
Number of farms 42 8 8
Acres 58.79 66.96 51.22
Yield per acre (ton) 1.92 1.15 2.47
Operators share of yield % 100.00 100.00 100.00
Value per ton 32.65 30.94 34.70
Total product return per acre 62.71 35.43 85.76
Miscellaneous income per acre 6.88 4.27 15.61
Gross return per acre 69.58 39.71 101.37
Direct expenses per acre
Seed 4.86 4.77 6.54
Fertilizer 6.03 8.61 5.77
Crop chemicals 0.95 0.38 0.00
Crop insurance 2.71 8.55 2.88
Fuel & oil 5.09 5.96 5.75
Repairs 8.51 9.09 11.06
Custom hire 1.35 0.66 0.00
Land rent 20.18 22.55 19.75
Operating interest 2.28 1.79 2.75
Miscellaneous 0.70 0.48 0.07
Total direct expenses per acre 52.66 62.85 54.59
Return over direct expenses per acre 16.93 -23.15 46.78
Overhead expenses per acre
Hired labor 1.69 1.85 2.55
Machinery & bldg leases 0.36 0.02 0.18
Farm insurance 1.24 1.91 1.51
Utilities 1.15 1.31 1.21
Dues & professional fees 0.24 0.25 0.46
Interest 3.16 4.52 5.21
Mach & bldg depreciation 4.45 7.18 3.77
Miscellaneous 1.99 3.34 2.61
Total overhead expenses per acre 14.27 20.40 17.50
Total listed expenses per acre 66.93 83.25 72.09
Net return per acre 2.66 -43.55 29.28
Total direct expense per ton 27.42 54.88 22.09
Total listed expense per ton 34.85 72.69 29.17
Net return per ton 1.38 -38.02 11.85
Breakeven yield per acre 1.84 2.55 1.63