TABLE 11 - 46
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 69 12 17
Number of farms 47 9 9
Acres 76.54 33.82 87.48
Yield per acre (ton) 1.20 0.24 1.66
Operators share of yield % 100.00 100.00 100.00
Value per ton 26.91 25.61 28.78
Total product return per acre 32.25 6.05 47.89
Miscellaneous income per acre 1.05 2.96 2.66
Gross return per acre 33.30 9.00 50.55
Direct Expenses
Fuel & oil 4.43 5.00 3.73
Repairs 6.55 6.13 4.90
Operating interest 1.09 1.51 0.82
Miscellaneous 0.60 - 0.41
Total direct expenses per acre 12.67 12.64 9.86
Return over direct exp per acre 20.63 -3.64 40.69
Overhead Expenses
Hired labor 1.12 2.09 1.18
Machinery & bldg leases 0.18 0.67 0.37
RE & pers. property taxes 2.22 2.69 2.20
Farm insurance 0.76 1.32 0.65
Utilities 0.70 0.99 0.39
Interest 8.24 11.40 6.97
Mach & bldg depreciation 3.47 5.93 3.38
Miscellaneous 1.06 1.85 1.00
Total overhead expenses per acre 17.75 26.95 16.13
Total dir & ovhd expenses per acre 30.42 39.59 25.99
Net return per acre 2.88 -30.58 24.56
Lbr & mgt charge per acre 7.33 9.43 5.99
Net return over lbr & mgt -4.44 -40.01 18.57
Government payments 2.07 4.13 3.00
Net return with govt payments -2.37 -35.88 21.57
Cost of Production
Total direct expense per ton 10.57 53.53 5.92
Total dir & ovhd exp per ton 25.38 167.62 15.61
With labor & management 31.50 207.53 19.22
Total exp less govt & oth income 28.89 177.54 15.82