TABLE 13 - 4
                Crop Enterprise Analysis                            
Minnesota and North Dakota Farm Business Mgmt. Education            
                 Red River Valley, 2004                             
              (Farms Sorted By Net Return)                          

                Beans, Navy on Cash Rent                            

                                         Avg. Of 
                                        All Farms

     Number of fields                           8
     Number of farms                            8

     Acres                                 235.09
     Yield per acre (cwt.)                   5.52
     Operators share of yield %            100.00
     Value per cwt.                         18.59
     Total product return per acre         102.63
     Miscellaneous income per acre          69.61
     Gross return per acre                 172.23

     Direct Expenses
       Seed                                 30.35
       Fertilizer                           23.63
       Crop chemicals                       34.55
       Crop insurance                       12.32
       Fuel & oil                           12.76
       Repairs                              27.79
       Custom hire                           3.14
       Hired labor                           0.65
       Land rent                            57.31
       Operating interest                    5.89
       Miscellaneous                         0.58
     Total direct expenses per acre        208.99
     Return over direct exp per acre       -36.76

     Overhead Expenses
       Custom hire                           3.59
       Hired labor                          12.90
       Machinery & bldg leases               1.69
       Farm insurance                        7.82
       Utilities                             3.35
       Dues & professional fees              1.97
       Interest                              5.37
       Mach & bldg depreciation             21.09
       Miscellaneous                         4.25
     Total overhead expenses per acre       62.03
     Total dir & ovhd expenses per acre    271.02
     Net return per acre                   -98.78

     Lbr & mgt charge per acre              23.87
     Net return over lbr & mgt            -122.65
     Government payments                       - 
     Net return with govt payments        -122.65

     Cost of Production
     Total direct expense per cwt.          37.85
     Total dir & ovhd exp per cwt.          49.09
     With labor & management                53.41
     Total exp less govt & oth income       40.80

     Est. labor hours per acre               2.16