TABLE 11 - 27
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Oats on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 30 7 6
Number of farms 25 5 5
Acres 52.15 29.90 63.15
Yield per acre (bushel) 54.32 44.37 86.28
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.51 1.08 1.75
Other product return per acre 0.45 3.37 -
Total product return per acre 82.61 51.36 151.12
Miscellaneous income per acre 21.28 11.75 1.06
Gross return per acre 103.89 63.11 152.17
Direct Expenses
Seed 5.31 7.70 4.28
Fertilizer 11.89 10.04 14.94
Crop chemicals 6.52 5.02 0.97
Crop insurance 2.74 3.40 0.89
Fuel & oil 7.19 9.44 6.59
Repairs 11.99 12.98 9.61
Custom hire 1.73 1.49 2.32
Land rent 24.01 23.95 23.15
Operating interest 2.44 0.39 2.04
Miscellaneous 0.24 1.54 0.16
Total direct expenses per acre 74.05 75.96 64.94
Return over direct exp per acre 29.84 -12.84 87.23
Overhead Expenses
Hired labor 3.65 8.11 1.33
Machinery & bldg leases 2.56 5.21 4.31
Farm insurance 1.44 2.90 1.30
Utilities 1.41 1.37 0.80
Dues & professional fees 0.27 0.97 0.06
Interest 3.88 3.50 3.64
Mach & bldg depreciation 7.68 8.07 6.05
Miscellaneous 1.57 1.38 2.17
Total overhead expenses per acre 22.47 31.52 19.66
Total dir & ovhd expenses per acre 96.52 107.48 84.60
Net return per acre 7.37 -44.36 67.57
Lbr & mgt charge per acre 11.06 12.68 11.31
Net return over lbr & mgt -3.68 -57.04 56.26
Government payments 11.77 16.16 13.37
Net return with govt payments 8.08 -40.88 69.63
Cost of Production
Total direct expense per bushel 1.36 1.71 0.75
Total dir & ovhd exp per bushel 1.78 2.42 0.98
With labor & management 1.98 2.71 1.11
Total exp less govt & oth income 1.36 2.00 0.94