TABLE 13 - 3
                Crop Enterprise Analysis                            
Minnesota and North Dakota Farm Business Mgmt. Education            
                 Red River Valley, 2004                             
              (Farms Sorted By Net Return)                          

            Beans, Black Turtle on Cash Rent                        

                                         Avg. Of 
                                        All Farms

     Number of fields                           8
     Number of farms                            6

     Acres                                  49.51
     Yield per acre (cwt.)                   5.90
     Operators share of yield %            100.00
     Value per cwt.                         17.38
     Total product return per acre         102.52
     Miscellaneous income per acre          81.81
     Gross return per acre                 184.33

     Direct Expenses
       Seed                                 31.49
       Fertilizer                           12.73
       Crop chemicals                       31.72
       Crop insurance                       14.25
       Fuel & oil                           13.28
       Repairs                              17.52
       Custom hire                          10.31
       Land rent                            54.79
       Operating interest                    3.78
       Miscellaneous                         1.29
     Total direct expenses per acre        191.17
     Return over direct exp per acre        -6.84

     Overhead Expenses
       Custom hire                           1.51
       Hired labor                           5.60
       Machinery & bldg leases               1.28
       Farm insurance                        2.93
       Utilities                             1.50
       Dues & professional fees              2.78
       Interest                              3.66
       Mach & bldg depreciation             13.90
       Miscellaneous                         2.76
     Total overhead expenses per acre       35.92
     Total dir & ovhd expenses per acre    227.09
     Net return per acre                   -42.76

     Lbr & mgt charge per acre              19.70
     Net return over lbr & mgt             -62.46
     Government payments                       - 
     Net return with govt payments         -62.46

     Cost of Production
     Total direct expense per cwt.          32.42
     Total dir & ovhd exp per cwt.          38.51
     With labor & management                41.85
     Total exp less govt & oth income       27.97

     Est. labor hours per acre               1.83