TABLE 11 - 54
                                 Crop Enterprise Analysis, 2002                            
                    North Dakota Farm Business Management Education Program             
                                          State Report                                  
                                  (Farms Sorted By Net Return)                          

                             Hay, Summer Annual Grass on Owned Land                     

                                                               Avg. Of 
                                                              All Farms

                        Number of fields                             16
                        Number of farms                              13

                        Acres                                     28.38
                        Yield per acre (ton)                       2.16
                        Operators share of yield %               100.00
                        Value per ton                             36.77
                        Other product return per acre              0.45
                        Total product return per acre             79.94
                        Miscellaneous income per acre                - 
                        Gross return per acre                     79.94

                        Direct Expenses
                          Seed                                     7.19
                          Fertilizer                               5.08
                          Crop chemicals                           1.92
                          Fuel & oil                               5.51
                          Repairs                                  7.28
                          Operating interest                       1.75
                          Miscellaneous                            0.48
                        Total direct expenses per acre            29.20
                        Return over direct exp per acre           50.74

                        Overhead Expenses
                          Hired labor                              1.11
                          RE & pers. property taxes                3.58
                          Farm insurance                           1.71
                          Utilities                                1.17
                          Dues & professional fees                 0.22
                          Interest                                10.35
                          Mach & bldg depreciation                 4.41
                          Miscellaneous                            2.41
                        Total overhead expenses per acre          24.97
                        Total dir & ovhd expenses per acre        54.17
                        Net return per acre                       25.78

                        Lbr & mgt charge per acre                 12.82
                        Net return over lbr & mgt                 12.96
                        Government payments                        7.14
                        Net return with govt payments             20.10

                        Cost of Production
                        Total direct expense per ton              13.51
                        Total dir & ovhd exp per ton              25.06
                        With labor & management                   30.99
                        Total exp less govt & oth income          27.48