TABLE 11 - 19
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Corn on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 28 6 5
Number of farms 27 5 5
Acres 82.78 56.57 69.78
Yield per acre (bushel) 85.74 57.38 91.74
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.86 1.72 1.87
Other product return per acre 0.41 - 2.73
Total product return per acre 159.49 98.84 174.18
Miscellaneous income per acre 18.35 2.95 108.72
Gross return per acre 177.84 101.78 282.90
Direct Expenses
Seed 26.20 31.15 26.93
Fertilizer 26.10 21.84 27.01
Crop chemicals 20.43 19.09 23.24
Crop insurance 5.57 6.37 7.25
Drying fuel 0.97 - -
Fuel & oil 11.08 12.80 10.44
Repairs 13.18 13.02 18.54
Custom hire 5.40 4.27 0.93
Operating interest 3.08 5.19 1.97
Miscellaneous 0.11 0.77 -
Total direct expenses per acre 112.11 114.50 116.31
Return over direct exp per acre 65.74 -12.71 166.59
Overhead Expenses
Custom hire 0.68 - 4.49
Hired labor 5.17 5.96 4.16
Machinery & bldg leases 1.73 2.98 2.40
RE & pers. property taxes 5.69 5.34 6.68
Farm insurance 2.73 4.24 3.44
Utilities 2.30 2.58 1.05
Dues & professional fees 0.30 0.14 0.58
Interest 18.76 20.52 24.41
Mach & bldg depreciation 13.49 14.76 11.88
Miscellaneous 3.16 3.87 1.53
Total overhead expenses per acre 53.99 60.38 60.63
Total dir & ovhd expenses per acre 166.10 174.88 176.93
Net return per acre 11.75 -73.10 105.97
Lbr & mgt charge per acre 17.23 22.75 20.20
Net return over lbr & mgt -5.48 -95.85 85.77
Government payments 18.28 19.83 15.87
Net return with govt payments 12.80 -76.02 101.64
Cost of Production
Total direct expense per bushel 1.31 2.00 1.27
Total dir & ovhd exp per bushel 1.94 3.05 1.93
With labor & management 2.14 3.44 2.15
Total exp less govt & oth income 1.71 3.05 0.76