TABLE 11 - 44
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Alfalfa on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 119 22 23
Number of farms 78 15 15
Acres 72.68 56.67 60.81
Yield per acre (ton) 2.18 1.63 3.13
Operators share of yield % 100.00 100.00 100.00
Value per ton 40.51 35.49 48.37
Total product return per acre 88.36 58.01 151.39
Miscellaneous income per acre 0.10 0.67 -
Gross return per acre 88.46 58.68 151.39
Direct Expenses
Seed 1.10 0.25 -
Fertilizer 1.12 3.88 1.13
Fuel & oil 7.67 8.08 8.24
Repairs 9.95 14.47 9.51
Custom hire 1.17 0.52 2.66
Land rent 20.76 20.62 21.08
Operating interest 3.21 4.07 4.55
Miscellaneous 1.38 1.48 0.47
Total direct expenses per acre 46.37 53.37 47.65
Return over direct exp per acre 42.09 5.31 103.74
Overhead Expenses
Hired labor 2.63 8.23 3.76
Machinery & bldg leases 0.83 1.04 2.31
Farm insurance 2.06 1.77 1.52
Utilities 1.46 1.64 1.05
Dues & professional fees 0.27 0.69 0.24
Interest 3.99 4.04 5.15
Mach & bldg depreciation 7.48 11.77 6.03
Miscellaneous 2.42 2.69 2.30
Total overhead expenses per acre 21.14 31.86 22.35
Total dir & ovhd expenses per acre 67.51 85.23 70.00
Net return per acre 20.95 -26.55 81.39
Lbr & mgt charge per acre 13.38 14.48 13.72
Net return over lbr & mgt 7.57 -41.03 67.67
Government payments 13.25 13.26 14.36
Net return with govt payments 20.82 -27.77 82.03
Cost of Production
Total direct expense per ton 21.26 32.65 15.22
Total dir & ovhd exp per ton 30.95 52.15 22.36
With labor & management 37.08 61.01 26.75
Total exp less govt & oth income 30.97 52.48 22.16