TABLE 11 - 3
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Durum on Share Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 156 41 30
Number of farms 65 13 13
Acres 110.46 124.86 119.40
Yield per acre (bushel) 29.66 30.23 32.38
Operators share of yield % 66.48 65.15 69.96
Value per bushel 2.74 2.67 3.38
Total product return per acre 53.87 51.75 76.75
Miscellaneous income per acre 17.62 1.45 29.05
Gross return per acre 71.49 53.20 105.79
Direct Expenses
Seed 7.44 8.90 6.67
Fertilizer 11.34 14.11 12.28
Crop chemicals 11.20 12.27 10.89
Crop insurance 5.42 4.16 4.83
Fuel & oil 5.95 4.97 5.51
Repairs 8.29 7.60 7.40
Custom hire 0.94 1.30 1.26
Operating interest 3.27 6.03 1.33
Miscellaneous 0.94 1.35 0.55
Total direct expenses per acre 54.79 60.69 50.72
Return over direct exp per acre 16.70 -7.49 55.07
Overhead Expenses
Hired labor 3.53 6.73 2.65
Machinery & bldg leases 0.53 0.34 0.43
Farm insurance 1.24 1.81 1.10
Utilities 1.25 1.48 0.80
Interest 3.00 3.41 2.73
Mach & bldg depreciation 7.73 7.89 9.10
Miscellaneous 2.54 2.87 2.64
Total overhead expenses per acre 19.82 24.52 19.45
Total dir & ovhd expenses per acre 74.61 85.21 70.17
Net return per acre -3.12 -32.01 35.62
Lbr & mgt charge per acre 11.21 8.42 11.64
Net return over lbr & mgt -14.33 -40.43 23.99
Government payments 14.65 12.60 13.57
Net return with govt payments 0.32 -27.83 37.56
Cost of Production
Total direct expense per bushel 2.78 3.08 2.24
Total dir & ovhd exp per bushel 3.78 4.33 3.10
With labor & management 4.35 4.75 3.61
Total exp less govt & oth income 2.72 4.04 1.73