TABLE 11 - 47
                                 Crop Enterprise Analysis, 2002                            
                    North Dakota Farm Business Management Education Program             
                                          State Report                                  
                                  (Farms Sorted By Net Return)                          

                             Hay, Mixed Alfalfa/Grass on Owned Land                     

                                                               Avg. Of 
                                                              All Farms

                        Number of fields                             28
                        Number of farms                              18

                        Acres                                     42.45
                        Yield per acre (ton)                       1.12
                        Operators share of yield %               100.00
                        Value per ton                             37.37
                        Other product return per acre              0.26
                        Total product return per acre             42.07
                        Miscellaneous income per acre                - 
                        Gross return per acre                     42.07

                        Direct Expenses
                          Crop chemicals                           0.27
                          Fuel & oil                               4.92
                          Repairs                                  7.57
                          Operating interest                       1.93
                          Miscellaneous                            0.35
                        Total direct expenses per acre            15.04
                        Return over direct exp per acre           27.03

                        Overhead Expenses
                          Hired labor                              0.74
                          Machinery & bldg leases                  0.60
                          RE & pers. property taxes                3.53
                          Farm insurance                           2.06
                          Utilities                                2.38
                          Dues & professional fees                 0.59
                          Interest                                12.20
                          Mach & bldg depreciation                 4.85
                          Miscellaneous                            1.84
                        Total overhead expenses per acre          28.78
                        Total dir & ovhd expenses per acre        43.82
                        Net return per acre                       -1.75

                        Lbr & mgt charge per acre                  9.93
                        Net return over lbr & mgt                -11.68
                        Government payments                        5.70
                        Net return with govt payments             -5.97

                        Cost of Production
                        Total direct expense per ton              13.44
                        Total dir & ovhd exp per ton              39.17
                        With labor & management                   48.04
                        Total exp less govt & oth income          42.71