TABLE 13 - 14
                Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
                 Red River Valley, 2004 
              (Farms Sorted By Net Return) 

              Soybeans, Food on Cash Rent 

                                         Avg. Of 
                                        All Farms

     Number of fields                           6
     Number of farms                            6

     Acres                                 205.72
     Yield per acre (bu.)                   18.16
     Operators share of yield %            100.00
     Value per bu.                           6.43
     Total product return per acre         116.85
     Miscellaneous income per acre          54.26
     Gross return per acre                 171.11

     Direct Expenses
       Seed                                 10.49
       Crop chemicals                       27.23
       Crop insurance                       10.09
       Fuel & oil                            6.39
       Repairs                              12.05
       Custom hire                           1.72
       Land rent                            58.51
       Operating interest                    3.64
     Total direct expenses per acre        130.10
     Return over direct exp per acre        41.01

     Overhead Expenses
       Custom hire                           0.13
       Hired labor                           4.59
       Machinery & bldg leases               1.85
       Farm insurance                        5.33
       Utilities                             1.94
       Dues & professional fees              3.87
       Interest                              3.61
       Mach & bldg depreciation              9.96
       Miscellaneous                         1.81
     Total overhead expenses per acre       33.08
     Total dir & ovhd expenses per acre    163.18
     Net return per acre                     7.93

     Lbr & mgt charge per acre              13.19
     Net return over lbr & mgt              -5.26
     Government payments                    13.64
     Net return with govt payments           8.38

     Cost of Production
     Total direct expense per bu.            7.16
     Total dir & ovhd exp per bu.            8.99
     With labor & management                 9.71
     Total exp less govt & oth income        5.97

     Est. labor hours per acre               1.14