TABLE 11 - 56
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 43 9 8
Number of farms 40 8 8
Acres 48.33 39.13 43.18
Yield per acre (ton) 2.06 1.31 3.20
Operators share of yield % 100.00 99.99 99.99
Value per ton 34.85 28.37 41.25
Total product return per acre 71.83 37.30 132.18
Miscellaneous income per acre 7.87 - 6.31
Gross return per acre 79.70 37.30 138.49
Direct Expenses
Seed 5.66 5.20 4.35
Fertilizer 7.33 3.93 6.39
Crop chemicals 1.78 0.67 0.26
Crop insurance 1.83 0.65 0.04
Fuel & oil 6.35 7.56 5.23
Repairs 9.67 11.74 7.65
Custom hire 1.23 - 0.99
Operating interest 2.31 1.63 2.15
Miscellaneous 0.60 0.79 0.62
Total direct expenses per acre 36.76 32.16 27.69
Return over direct exp per acre 42.94 5.14 110.80
Overhead Expenses
Hired labor 3.27 2.57 5.12
Machinery & bldg leases 1.06 3.04 0.36
RE & pers. property taxes 2.73 3.39 3.02
Farm insurance 1.37 2.22 0.61
Utilities 1.44 2.24 0.47
Interest 11.80 19.16 7.10
Mach & bldg depreciation 4.91 3.26 4.44
Miscellaneous 1.97 3.48 1.55
Total overhead expenses per acre 28.55 39.36 22.67
Total dir & ovhd expenses per acre 65.31 71.52 50.36
Net return per acre 14.39 -34.22 88.13
Lbr & mgt charge per acre 12.81 17.19 15.10
Net return over lbr & mgt 1.58 -51.41 73.03
Government payments 17.65 14.13 13.07
Net return with govt payments 19.23 -37.27 86.09
Cost of Production
Total direct expense per ton 17.83 24.46 8.64
Total dir & ovhd exp per ton 31.69 54.40 15.72
With labor & management 37.90 67.47 20.43
Total exp less govt & oth income 25.52 56.72 14.38