TABLE 11 - 47
                  Crop Enterprise Analysis, 2001                      
       North Dakota Farm Business Management Education Program             
                            State Report                                  
                   (Farms Sorted By Net Return)                          

               Hay, Mixed Alfalfa/Grass on Cash Rent                     

                                                   Avg. Of 
                                                 All Farms

           Number of fields                             29
           Number of farms                              20

           Acres                                    101.47
           Yield per acre (ton)                       1.27
           Operators share of yield %               100.00
           Value per ton                             36.29
           Other product return per acre              0.22
           Total product return per acre             46.37
           Miscellaneous income per acre                - 
           Gross return per acre                     46.37

           Direct Expenses
             Fuel & oil                               6.56
             Repairs                                  7.68
             Custom hire                              0.50
             Land rent                               13.55
             Operating interest                       2.09
             Miscellaneous                            0.37
           Total direct expenses per acre            30.75
           Return over direct exp per acre           15.62

           Overhead Expenses
             Hired labor                              0.77
             Farm insurance                           1.31
             Utilities                                0.82
             Interest                                 4.26
             Mach & bldg depreciation                 5.97
             Miscellaneous                            1.21
           Total overhead expenses per acre          14.34
           Total dir & ovhd expenses per acre        45.09
           Net return per acre                        1.28

           Lbr & mgt charge per acre                 10.73
           Net return over lbr & mgt                 -9.45
           Government payments                        9.03
           Net return with govt payments             -0.42

           Cost of Production
           Total direct expense per ton              24.18
           Total dir & ovhd exp per ton              35.45
           With labor & management                   43.89
           Total exp less govt & oth income          36.62