TABLE - 8
                     Crop Enterprise Analysis, 2003          
        North Dakota Farm Business Management Education Program 
                             State Report          
                      (Farms Sorted By Net Return)  

                       Wheat, Winter on Cash Rent   

                                                   Avg. Of 
                                                  All Farms

            Number of fields                              8
            Number of farms                               7

            Acres                                    159.01
            Yield per acre (bu.)                      33.49
            Operators share of yield %               100.00
            Value per bu.                              3.02
            Total product return per acre            101.00
            Miscellaneous income per acre              1.08
            Gross return per acre                    102.08

            Direct Expenses
              Seed                                     8.07
              Fertilizer                              23.17
              Crop chemicals                           8.92
              Crop insurance                           7.04
              Fuel & oil                               5.20
              Repairs                                  9.52
              Custom hire                              3.12
              Land rent                               26.72
              Operating interest                       1.32
            Total direct expenses per acre            93.09
            Return over direct exp per acre            9.00

            Overhead Expenses
              Hired labor                              1.24
              Machinery & bldg leases                  1.73
              Farm insurance                           1.67
              Utilities                                1.07
              Dues & professional fees                 0.17
              Interest                                 1.89
              Mach & bldg depreciation                 9.46
              Miscellaneous                            2.32
            Total overhead expenses per acre          19.54
            Total dir & ovhd expenses per acre       112.63
            Net return per acre                      -10.55

            Lbr & mgt charge per acre                 12.46
            Net return over lbr & mgt                -23.01
            Government payments                        9.42
            Net return with govt payments            -13.59

            Cost of Production
            Total direct expense per bu.               2.78
            Total dir & ovhd exp per bu.               3.36
            With labor & management                    3.74
            Total exp less govt & oth income           3.42