TABLE 11 - 32
                                 Crop Enterprise Analysis, 2002                            
                    North Dakota Farm Business Management Education Program             
                                          State Report                                  
                                  (Farms Sorted By Net Return)                          

                                     Soybeans on Share Rent                             

                                                               Avg. Of 
                                                              All Farms

                        Number of fields                             26
                        Number of farms                              19

                        Acres                                    101.31
                        Yield per acre (bu.)                      29.87
                        Operators share of yield %                64.28
                        Value per bu.                              5.16
                        Total product return per acre             99.13
                        Miscellaneous income per acre              2.93
                        Gross return per acre                    102.06

                        Direct Expenses
                          Seed                                    21.50
                          Fertilizer                               6.60
                          Crop chemicals                          10.63
                          Crop insurance                           4.87
                          Fuel & oil                               6.25
                          Repairs                                 12.23
                          Custom hire                              2.56
                          Operating interest                       2.88
                          Miscellaneous                            0.49
                        Total direct expenses per acre            68.02
                        Return over direct exp per acre           34.04

                        Overhead Expenses
                          Hired labor                              4.88
                          Machinery & bldg leases                  1.86
                          Farm insurance                           1.64
                          Utilities                                1.72
                          Dues & professional fees                 0.52
                          Interest                                 2.73
                          Mach & bldg depreciation                11.66
                          Miscellaneous                            1.84
                        Total overhead expenses per acre          26.85
                        Total dir & ovhd expenses per acre        94.87
                        Net return per acre                        7.19

                        Lbr & mgt charge per acre                 12.53
                        Net return over lbr & mgt                 -5.35
                        Government payments                        6.87
                        Net return with govt payments              1.52

                        Cost of Production
                        Total direct expense per bu.               3.54
                        Total dir & ovhd exp per bu.               4.94
                        With labor & management                    5.59
                        Total exp less govt & oth income           5.08