TABLE 11 - 51
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Oats on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 33 6 6
Number of farms 28 5 5
Acres 63.27 32.62 94.90
Yield per acre (ton) 1.96 1.21 2.86
Operators share of yield % 100.00 100.00 100.00
Value per ton 37.94 31.15 36.37
Total product return per acre 74.40 37.82 104.07
Miscellaneous income per acre 0.44 - -
Gross return per acre 74.84 37.82 104.07
Direct Expenses
Seed 5.34 6.22 6.20
Fertilizer 13.81 7.46 14.89
Crop chemicals 4.04 3.24 2.41
Crop insurance 0.59 0.39 0.37
Fuel & oil 5.81 7.86 6.39
Repairs 8.82 13.89 8.21
Custom hire 2.28 1.84 5.71
Land rent 20.16 21.89 19.91
Operating interest 1.74 1.84 1.61
Miscellaneous 0.51 - 1.03
Total direct expenses per acre 63.09 64.63 66.74
Return over direct exp per acre 11.75 -26.81 37.33
Overhead Expenses
Hired labor 4.78 6.53 1.86
Machinery & bldg leases 1.10 0.26 3.19
Farm insurance 1.26 1.43 1.15
Utilities 0.81 1.59 0.66
Dues & professional fees 0.22 0.53 0.25
Interest 4.14 8.74 3.19
Mach & bldg depreciation 5.26 8.37 6.48
Miscellaneous 1.61 1.78 2.66
Total overhead expenses per acre 19.18 29.23 19.45
Total dir & ovhd expenses per acre 82.27 93.85 86.19
Net return per acre -7.43 -56.04 17.87
Lbr & mgt charge per acre 8.90 12.81 11.08
Net return over lbr & mgt -16.33 -68.85 6.79
Government payments 13.37 13.60 14.06
Net return with govt payments -2.96 -55.25 20.85
Cost of Production
Total direct expense per ton 32.17 53.23 23.33
Total dir & ovhd exp per ton 41.95 77.30 30.12
With labor & management 46.49 87.86 34.00
Total exp less govt & oth income 39.45 76.66 29.09