TABLE 11 - 5
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Wheat, Spring on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 448 98 76
Number of farms 164 32 33
Acres 144.32 114.20 173.53
Yield per acre (bushel) 32.34 26.82 41.09
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.95 2.94 3.04
Other product return per acre 0.04 0.04 -
Total product return per acre 95.49 78.81 124.77
Miscellaneous income per acre 6.35 8.06 6.57
Gross return per acre 101.84 86.87 131.34
Direct Expenses
Seed 7.65 9.23 7.14
Fertilizer 18.64 19.65 18.15
Crop chemicals 11.94 18.13 10.29
Crop insurance 6.38 8.23 5.29
Fuel & oil 7.14 8.08 6.35
Repairs 10.07 14.35 9.19
Custom hire 3.66 4.61 4.16
Land rent 29.42 30.62 25.27
Operating interest 3.10 3.19 2.56
Miscellaneous 0.36 0.18 1.28
Total direct expenses per acre 98.35 116.28 89.69
Return over direct exp per acre 3.49 -29.41 41.64
Overhead Expenses
Hired labor 3.08 3.79 4.30
Machinery & bldg leases 1.72 3.10 2.07
Farm insurance 1.60 2.04 1.37
Utilities 1.29 1.61 1.03
Dues & professional fees 0.33 0.58 0.18
Interest 3.69 4.72 2.49
Mach & bldg depreciation 8.25 8.76 6.49
Miscellaneous 2.11 2.43 2.01
Total overhead expenses per acre 22.07 27.02 19.95
Total dir & ovhd expenses per acre 120.42 143.30 109.65
Net return per acre -18.58 -56.43 21.69
Lbr & mgt charge per acre 12.78 14.28 11.26
Net return over lbr & mgt -31.36 -70.72 10.43
Government payments 17.15 16.83 16.24
Net return with govt payments -14.21 -53.88 26.66
Cost of Production
Total direct expense per bushel 3.04 4.34 2.18
Total dir & ovhd exp per bushel 3.72 5.34 2.67
With labor & management 4.12 5.88 2.94
Total exp less govt & oth income 3.39 4.95 2.39