TABLE - 24
                     Crop Enterprise Analysis, 2003          
        North Dakota Farm Business Management Education Program 
                              State Report          
                      (Farms Sorted By Net Return)  

                           Oats on Owned Land       

                                                   Avg. Of 
                                                  All Farms 
          

            Number of fields                             29 
            Number of farms                              24 
          

            Acres                                     45.30 
            Yield per acre (bu.)                      55.06 
            Operators share of yield %               100.00 
            Value per bu.                              1.39 
            Other product return per acre              0.26 
            Total product return per acre             76.93 
            Miscellaneous income per acre              9.98 
            Gross return per acre                     86.91 
          

            Direct Expenses          
              Seed                                     7.76 
              Fertilizer                              11.78 
              Crop chemicals                           4.12 
              Crop insurance                           6.41 
              Drying fuel                              1.97 
              Fuel & oil                               8.82 
              Repairs                                 11.40 
              Custom hire                              1.37 
              Operating interest                       2.40 
              Miscellaneous                            1.05 
            Total direct expenses per acre            57.08 
            Return over direct exp per acre           29.84 
          

            Overhead Expenses          
              Hired labor                              1.84 
              RE & pers. property taxes                3.32 
              Farm insurance                           1.84 
              Utilities                                1.52 
              Interest                                11.72 
              Mach & bldg depreciation                 6.91 
              Miscellaneous                            2.21 
            Total overhead expenses per acre          29.37 
            Total dir & ovhd expenses per acre        86.44 
            Net return per acre                        0.47 
          

            Lbr & mgt charge per acre                 13.60 
            Net return over lbr & mgt                -13.12 
            Government payments                        8.92 
            Net return with govt payments             -4.20 
          

            Cost of Production          
            Total direct expense per bu.               1.04 
            Total dir & ovhd exp per bu.               1.57 
            With labor & management                    1.82 
            Total exp less govt & oth income           1.47