TABLE 11 - 20
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

                   Corn on Share Rent

                                            Avg. Of 
                                           All Farms

     Number of fields                              9
     Number of farms                               9

     Acres                                    125.89
     Yield per acre (bu.)                      21.21
     Operators share of yield %                71.48
     Value per bu.                              1.82
     Total product return per acre             27.67
     Miscellaneous income per acre             38.65
     Gross return per acre                     66.32

     Direct Expenses
       Seed                                    23.81
       Fertilizer                              28.33
       Crop chemicals                          15.64
       Crop insurance                           5.50
       Fuel & oil                               9.55
       Repairs                                 14.26
       Custom hire                              1.67
       Operating interest                       4.11
       Miscellaneous                            0.28
     Total direct expenses per acre           103.15
     Return over direct exp per acre          -36.83

     Overhead Expenses
       Hired labor                              8.51
       Machinery & bldg leases                  1.00
       Farm insurance                           2.06
       Utilities                                1.61
       Dues & professional fees                 0.25
       Interest                                 2.71
       Mach & bldg depreciation                19.30
       Miscellaneous                            2.21
     Total overhead expenses per acre          37.64
     Total dir & ovhd expenses per acre       140.78
     Net return per acre                      -74.47

     Lbr & mgt charge per acre                 15.63
     Net return over lbr & mgt                -90.10
     Government payments                        6.23
     Net return with govt payments            -83.87

     Cost of Production
     Total direct expense per bu.               6.80
     Total dir & ovhd exp per bu.               9.29
     With labor & management                   10.32
     Total exp less govt & oth income           7.36