TABLE 11 - 48
                                 Crop Enterprise Analysis, 2002                            
                    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                             27            
                        Number of farms                              21            
                                 

                        Acres                                     85.68            
                        Yield per acre (ton)                       1.17            
                        Operators share of yield %               100.00            
                        Value per ton                             37.30            
                        Other product return per acre              0.97            
                        Total product return per acre             44.78            
                        Miscellaneous income per acre                -             
                        Gross return per acre                     44.78            
                                 

                        Direct Expenses         
                          Fuel & oil                               4.87            
                          Repairs                                  6.06            
                          Land rent                               12.90            
                          Operating interest                       1.12            
                          Miscellaneous                            0.91            
                        Total direct expenses per acre            25.87            
                        Return over direct exp per acre           18.91            
                                 

                        Overhead Expenses         
                          Hired labor                              1.60            
                          Machinery & bldg leases                  0.49            
                          Farm insurance                           1.23            
                          Utilities                                0.79            
                          Interest                                 2.81            
                          Mach & bldg depreciation                 4.35            
                          Miscellaneous                            1.38            
                        Total overhead expenses per acre          12.64            
                        Total dir & ovhd expenses per acre        38.51            
                        Net return per acre                        6.27            
                                 

                        Lbr & mgt charge per acre                  9.16            
                        Net return over lbr & mgt                 -2.90            
                        Government payments                        4.05            
                        Net return with govt payments              1.16            
                                 

                        Cost of Production         
                        Total direct expense per ton              22.03            
                        Total dir & ovhd exp per ton              32.79            
                        With labor & management                   40.59            
                        Total exp less govt & oth income          36.32