TABLE 11 - 35
Crop Enterprise Analysis, 2000
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Soybeans on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 48 7 7
Number of farms 32 6 6
Acres 120.28 54.74 175.96
Yield per acre (bushel) 30.01 22.53 32.98
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.16 4.91 5.50
Total product return per acre 154.81 110.73 181.25
Miscellaneous income per acre 4.28 4.48 -
Gross return per acre 159.09 115.21 181.25
Direct Expenses
Seed 17.65 26.46 16.75
Fertilizer 6.31 15.02 2.64
Crop chemicals 19.47 20.68 19.47
Crop insurance 8.02 4.09 7.06
Fuel & oil 9.29 8.10 9.04
Repairs 13.73 10.17 12.68
Custom hire 3.59 15.16 0.47
Land rent 35.02 32.63 32.18
Operating interest 3.06 1.95 1.97
Miscellaneous 0.51 0.26 -
Total direct expenses per acre 116.66 134.53 102.26
Return over direct exp per acre 42.43 -19.31 78.98
Overhead Expenses
Hired labor 5.26 5.24 2.68
Machinery & bldg leases 3.06 1.10 2.68
Farm insurance 2.13 1.47 2.68
Utilities 1.46 1.51 1.59
Dues & professional fees 0.56 0.17 0.12
Interest 4.43 3.44 3.69
Mach & bldg depreciation 8.94 8.47 7.77
Miscellaneous 1.88 1.23 3.22
Total overhead expenses per acre 27.73 22.63 24.45
Total dir & ovhd expenses per acre 144.39 157.15 126.71
Net return per acre 14.70 -41.94 54.54
Lbr & mgt charge per acre 15.18 14.16 14.60
Net return over lbr & mgt -0.48 -56.10 39.93
Government payments 24.19 23.59 25.49
Net return with govt payments 23.71 -32.50 65.42
Cost of Production
Total direct expense per bushel 3.89 5.97 3.10
Total dir & ovhd exp per bushel 4.81 6.97 3.84
With labor & management 5.32 7.60 4.28
Total exp less govt & oth income 4.37 6.36 3.51