Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
SPRING WHEAT ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 219 36 35
Number of farms 127 25 25
Acres 121.12 80.60 121.36
Yield per acre (bushel) 28.90 20.71 42.79
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.17 2.87 3.62
Total product return per acre 91.47 59.40 155.01
Miscellaneous income per acre 5.45 1.52 6.40
Gross return per acre 96.92 60.92 161.41
Direct expenses per acre
Seed 7.42 6.72 9.16
Fertilizer 13.35 12.55 14.98
Crop chemicals 9.34 9.44 13.59
Crop insurance 5.21 4.94 6.41
Drying fuel 0.06 0.00 0.06
Fuel & oil 5.32 6.20 5.92
Repairs 9.41 13.53 10.28
Custom hire 2.05 1.19 1.18
Operating interest 2.80 3.96 3.77
Miscellaneous 0.34 0.00 1.11
Total direct expenses per acre 55.31 58.53 66.45
Return over direct expenses per acre 41.61 2.38 94.96
Overhead expenses per acre
Hired labor 2.63 1.18 3.62
Machinery & bldg leases 1.26 2.97 2.81
RE & pers. property taxes 3.85 4.03 4.81
Farm insurance 1.46 2.34 1.60
Utilities 1.41 2.10 1.42
Hauling and trucking 0.05 0.00 0.07
Dues & professional fees 0.38 0.20 0.44
Interest 14.04 14.69 22.09
Mach & bldg depreciation 8.80 8.14 10.43
Miscellaneous 2.53 3.49 2.23
Total overhead expenses per acre 36.41 39.14 49.53
Total listed expenses per acre 91.72 97.67 115.98
Net return per acre 5.20 -36.75 45.43
Total direct expense per bushel 1.91 2.83 1.55
Total listed expense per bushel 3.17 4.72 2.71
Net return per bushel 0.18 -1.77 1.06
Breakeven yield per acre 27.26 33.53 30.25
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
SPRING WHEAT ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 345 61 55
Number of farms 147 29 29
Acres 146.36 129.35 160.13
Yield per acre (bushel) 28.80 18.29 41.31
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.22 2.85 3.40
Total product return per acre 92.85 52.12 140.59
Miscellaneous income per acre 5.44 7.68 5.30
Gross return per acre 98.29 59.80 145.89
Direct expenses per acre
Seed 7.43 7.17 8.10
Fertilizer 14.83 14.60 15.67
Crop chemicals 10.72 9.13 11.03
Crop insurance 5.40 5.08 5.98
Drying fuel 0.07 0.02 0.00
Fuel & oil 5.15 6.04 4.89
Repairs 9.11 11.92 8.18
Custom hire 3.43 3.92 4.39
Land rent 29.47 27.94 34.86
Operating interest 3.43 3.44 3.77
Miscellaneous 0.25 0.13 0.00
Total direct expenses per acre 89.27 89.41 96.87
Return over direct expenses per acre 9.02 -29.60 49.03
Overhead expenses per acre
Hired labor 3.29 2.28 3.82
Machinery & bldg leases 1.61 0.69 1.95
Farm insurance 1.47 1.51 1.50
Utilities 1.13 1.55 1.19
Hauling and trucking 0.09 0.00 0.02
Dues & professional fees 0.27 0.15 0.27
Interest 3.35 5.02 3.06
Mach & bldg depreciation 8.48 7.73 9.35
Miscellaneous 2.26 2.12 1.94
Total overhead expenses per acre 21.95 21.04 23.10
Total listed expenses per acre 111.22 110.45 119.97
Net return per acre -12.93 -50.65 25.93
Total direct expense per bushel 3.10 4.89 2.34
Total listed expense per bushel 3.86 6.04 2.90
Net return per bushel -0.45 -2.77 0.63
Breakeven yield per acre 32.82 36.05 33.69
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
SPRING WHEAT ON SHARE RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 163 24 21
Number of farms 78 16 16
Acres 124.13 133.43 125.87
Yield per acre (bushel) 28.55 19.39 35.41
Operators share of yield % 67.31 71.89 65.73
Value per bushel 3.22 3.13 3.37
Total product return per acre 61.39 44.42 78.97
Miscellaneous income per acre 5.02 3.69 19.06
Gross return per acre 66.42 48.10 98.02
Direct expenses per acre
Seed 6.49 7.46 5.69
Fertilizer 12.83 13.28 11.75
Crop chemicals 9.53 14.45 7.35
Crop insurance 4.21 5.86 4.57
Drying fuel 0.06 0.06 0.00
Fuel & oil 4.99 4.12 4.90
Repairs 9.07 7.86 8.17
Custom hire 1.84 1.45 1.22
Operating interest 3.00 5.60 2.81
Miscellaneous 1.25 5.98 0.29
Total direct expenses per acre 53.28 66.13 46.75
Return over direct expenses per acre 13.13 -18.02 51.28
Overhead expenses per acre
Hired labor 2.42 0.63 2.22
Machinery & bldg leases 1.35 0.25 0.91
Farm insurance 1.27 1.93 1.59
Utilities 1.17 1.88 1.10
Hauling and trucking 0.04 0.00 0.11
Dues & professional fees 0.23 0.12 0.26
Interest 2.92 2.79 3.86
Mach & bldg depreciation 6.89 4.80 10.28
Miscellaneous 1.94 1.63 2.75
Total overhead expenses per acre 18.23 14.03 23.09
Total listed expenses per acre 71.51 80.16 69.84
Net return per acre -5.09 -32.05 28.19
Total direct expense per bushel 2.77 4.74 2.01
Total listed expense per bushel 3.72 5.75 3.00
Net return per bushel -0.27 -2.30 1.21
Breakeven yield per acre 30.67 33.96 22.91