TABLE 13 - 7
                Crop Enterprise Analysis                            
Minnesota and North Dakota Farm Business Mgmt. Education            
                 Red River Valley, 2004                             
              (Farms Sorted By Net Return)                          

                   Corn on Share Rent                               

                                         Avg. Of 
                                        All Farms

     Number of fields                          16
     Number of farms                           12

     Acres                                 138.02
     Yield per acre (bu.)                  127.93
     Operators share of yield %             69.18
     Value per bu.                           2.17
     Total product return per acre         191.71
     Miscellaneous income per acre          11.35
     Gross return per acre                 203.05

     Direct Expenses
       Seed                                 37.59
       Fertilizer                           47.44
       Crop chemicals                       16.88
       Crop insurance                       13.68
       Drying fuel                          14.26
       Fuel & oil                           11.40
       Repairs                              18.59
       Custom hire                           4.73
       Operating interest                    2.45
       Miscellaneous                         0.40
     Total direct expenses per acre        167.42
     Return over direct exp per acre        35.64

     Overhead Expenses
       Custom hire                           0.30
       Hired labor                          10.93
       Machinery & bldg leases               4.27
       Farm insurance                        3.90
       Utilities                             2.69
       Dues & professional fees              1.92
       Interest                              1.72
       Mach & bldg depreciation             19.02
       Miscellaneous                         2.14
     Total overhead expenses per acre       46.88
     Total dir & ovhd expenses per acre    214.30
     Net return per acre                   -11.24

     Lbr & mgt charge per acre              23.18
     Net return over lbr & mgt             -34.43
     Government payments                    10.95
     Net return with govt payments         -23.48

     Cost of Production
     Total direct expense per bu.            1.89
     Total dir & ovhd exp per bu.            2.42
     With labor & management                 2.68
     Total exp less govt & oth income        2.43

     Est. labor hours per acre               1.80