TABLE 11 - 29
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

                Peas, Field on Cash Rent

                                            Avg. Of             
                                           All Farms            
             

     Number of fields                             34            
     Number of farms                              21            
             

     Acres                                     88.52            
     Yield per acre (bu.)                      37.65            
     Operators share of yield %               100.00            
     Value per bu.                              4.97            
     Total product return per acre            187.21            
     Miscellaneous income per acre             12.31            
     Gross return per acre                    199.52            
             

     Direct Expenses        
       Seed                                    23.94            
       Fertilizer                               4.61            
       Crop chemicals                          22.53            
       Crop insurance                           7.35            
       Fuel & oil                               7.67            
       Repairs                                 12.21            
       Custom hire                              6.14            
       Land rent                               31.04            
       Machinery & bldg leases                  0.13            
       Operating interest                       2.78            
       Miscellaneous                            0.43            
     Total direct expenses per acre           118.83            
     Return over direct exp per acre           80.70            
             

     Overhead Expenses        
       Hired labor                              4.37            
       Machinery & bldg leases                  0.92            
       Farm insurance                           1.60            
       Utilities                                1.30            
       Dues & professional fees                 0.62            
       Interest                                 1.83            
       Mach & bldg depreciation                10.75            
       Miscellaneous                            2.60            
     Total overhead expenses per acre          24.00            
     Total dir & ovhd expenses per acre       142.82            
     Net return per acre                       56.70            
             

     Lbr & mgt charge per acre                 13.87            
     Net return over lbr & mgt                 42.83            
     Government payments                        9.78            
     Net return with govt payments             52.61            
             

     Cost of Production        
     Total direct expense per bu.               3.16            
     Total dir & ovhd exp per bu.               3.79            
     With labor & management                    4.16            
     Total exp less govt & oth income           3.57