TABLE - 1
                    Crop Enterprise Analysis, 2003          
        North Dakota Farm Business Management Education Program 
                             State Report          
                     (Farms Sorted By Net Return)  

                      Wheat, Durum on Owned Land                           

                                                   Avg. Of  
                                                  All Farms 
                                   

            Number of fields                             35 
            Number of farms                              21 
                       

            Acres                                    107.73 
            Yield per acre (bu.)                      27.70 
            Operators share of yield %               100.00 
            Value per bu.                              4.02 
            Total product return per acre            111.34 
            Miscellaneous income per acre              2.56 
            Gross return per acre                    113.90 
                                   

            Direct Expenses           
              Seed                                     9.58 
              Fertilizer                              20.70 
              Crop chemicals                          13.09 
              Crop insurance                           6.65 
              Fuel & oil                               5.64 
              Repairs                                  9.14 
              Custom hire                              1.25 
              Operating interest                       2.65 
              Miscellaneous                            0.31 
            Total direct expenses per acre            69.02 
            Return over direct exp per acre           44.89 
           

            Overhead Expenses           
              Hired labor                              2.81 
              Machinery & bldg leases                  0.97 
              RE & pers. property taxes                3.89 
              Farm insurance                           1.66 
              Utilities                                1.13 
              Interest                                 9.61 
              Mach & bldg depreciation                 8.73 
              Miscellaneous                            3.23 
            Total overhead expenses per acre          32.02 
            Total dir & ovhd expenses per acre       101.04 
            Net return per acre                       12.86 
                       

            Lbr & mgt charge per acre                 12.80 
            Net return over lbr & mgt                  0.06 
            Government payments                       12.39 
            Net return with govt payments             12.45 
                       

            Cost of Production           
            Total direct expense per bu.               2.49 
            Total dir & ovhd exp per bu.               3.65 
            With labor & management                    4.11 
            Total exp less govt & oth income           3.57