TABLE 11 - 55
                                 Crop Enterprise Analysis, 2002                            
                    North Dakota Farm Business Management Education Program             
                                          State Report                                  
                                  (Farms Sorted By Net Return)                          

                              Hay, Summer Annual Grass on Cash Rent                     

                                                               Avg. Of 
                                                              All Farms

                        Number of fields                             12
                        Number of farms                              11

                        Acres                                     57.43
                        Yield per acre (ton)                       1.63
                        Operators share of yield %               100.00
                        Value per ton                             39.05
                        Total product return per acre             63.79
                        Miscellaneous income per acre                - 
                        Gross return per acre                     63.79

                        Direct Expenses
                          Seed                                     5.91
                          Fertilizer                               4.07
                          Crop chemicals                           2.55
                          Fuel & oil                               3.27
                          Repairs                                  5.03
                          Hired labor                              0.09
                          Land rent                               12.28
                          Operating interest                       3.15
                          Miscellaneous                            0.53
                        Total direct expenses per acre            36.89
                        Return over direct exp per acre           26.90

                        Overhead Expenses
                          Hired labor                              1.31
                          Machinery & bldg leases                  0.12
                          Farm insurance                           0.77
                          Utilities                                1.26
                          Dues & professional fees                 0.35
                          Interest                                 1.31
                          Mach & bldg depreciation                 5.22
                          Miscellaneous                            3.46
                        Total overhead expenses per acre          13.80
                        Total dir & ovhd expenses per acre        50.69
                        Net return per acre                       13.10

                        Lbr & mgt charge per acre                  8.68
                        Net return over lbr & mgt                  4.41
                        Government payments                        4.39
                        Net return with govt payments              8.80

                        Cost of Production
                        Total direct expense per ton              22.58
                        Total dir & ovhd exp per ton              31.03
                        With labor & management                   36.34
                        Total exp less govt & oth income          33.66