TABLE 11 - 43
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Mixed on Owned Land
Avg. Of
All Farms Low 20% High 20%
Number of fields 57 11 11
Number of farms 50 10 10
Acres 124.10 99.42 183.28
Yield per acre (ton) 1.33 0.82 1.73
Operators share of yield % 100.00 100.00 100.00
Value per ton 37.93 31.77 44.42
Total product return per acre 50.28 25.99 76.86
Miscellaneous income per acre - - -
Gross return per acre 50.28 25.99 76.86
Direct Expenses
Fuel & oil 5.61 5.50 4.52
Repairs 6.66 6.66 5.54
Operating interest 1.69 1.45 0.89
Miscellaneous 0.86 0.31 0.11
Total direct expenses per acre 14.82 13.92 11.06
Return over direct exp per acre 35.46 12.07 65.80
Overhead Expenses
Hired labor 2.96 6.41 3.56
Machinery & bldg leases 0.43 1.51 0.53
RE & pers. property taxes 2.22 1.62 2.09
Farm insurance 0.95 1.39 0.66
Utilities 0.94 1.90 0.49
Interest 9.54 7.04 7.30
Mach & bldg depreciation 3.52 6.10 2.24
Miscellaneous 1.73 1.53 1.69
Total overhead expenses per acre 22.30 27.51 18.55
Total dir & ovhd expenses per acre 37.11 41.43 29.60
Net return per acre 13.17 -15.44 47.26
Lbr & mgt charge per acre 8.09 7.69 5.75
Net return over lbr & mgt 5.07 -23.14 41.51
Government payments 5.37 0.80 12.36
Net return with govt payments 10.44 -22.34 53.87
Cost of Production
Total direct expense per ton 11.18 17.02 6.39
Total dir & ovhd exp per ton 28.00 50.65 17.11
With labor & management 34.11 60.05 20.43
Total exp less govt & oth income 30.06 59.08 13.29