TABLE - 30
                     Crop Enterprise Analysis, 2003          
        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                             24 
            Number of farms                              21 
         

            Acres                                    121.22 
            Yield per acre (bu.)                      26.17 
            Operators share of yield %                65.72 
            Value per bu.                              6.19 
            Total product return per acre            106.41 
            Miscellaneous income per acre              4.25 
            Gross return per acre                    110.67 
         

            Direct Expenses         
              Seed                                    25.67 
              Fertilizer                               7.79 
              Crop chemicals                          13.58 
              Crop insurance                           6.66 
              Fuel & oil                               6.76 
              Repairs                                 10.73 
              Custom hire                              4.30 
              Operating interest                       2.05 
              Miscellaneous                            0.13 
            Total direct expenses per acre            77.67 
            Return over direct exp per acre           33.00 
         

            Overhead Expenses         
              Hired labor                              1.62 
              Machinery & bldg leases                  1.83 
              Farm insurance                           2.20 
              Utilities                                1.32 
              Interest                                 2.68 
              Mach & bldg depreciation                11.79 
              Miscellaneous                            3.46 
            Total overhead expenses per acre          24.91 
            Total dir & ovhd expenses per acre       102.58 
            Net return per acre                        8.09 
         

            Lbr & mgt charge per acre                 14.81 
            Net return over lbr & mgt                 -6.72 
            Government payments                        7.78 
            Net return with govt payments              1.06 
         

            Cost of Production         
            Total direct expense per bu.               4.52 
            Total dir & ovhd exp per bu.               5.96 
            With labor & management                    6.82 
            Total exp less govt & oth income           6.12