TABLE 11 - 27
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

                    Oats on Cash Rent

                                            Avg. Of 
                                           All Farms

     Number of fields                             21
     Number of farms                              20

     Acres                                     46.53
     Yield per acre (bu.)                      53.47
     Operators share of yield %               100.00
     Value per bu.                              1.32
     Other product return per acre             10.75
     Total product return per acre             81.29
     Miscellaneous income per acre              2.18
     Gross return per acre                     83.48

     Direct Expenses
       Seed                                     5.92
       Fertilizer                              10.17
       Crop chemicals                           2.69
       Crop insurance                           2.70
       Fuel & oil                               8.99
       Repairs                                 10.16
       Custom hire                              2.76
       Land rent                               23.71
       Operating interest                       2.62
     Total direct expenses per acre            69.71
     Return over direct exp per acre           13.76

     Overhead Expenses
       Hired labor                              2.64
       Farm insurance                           1.52
       Utilities                                1.08
       Interest                                 3.27
       Mach & bldg depreciation                 8.74
       Miscellaneous                            2.32
     Total overhead expenses per acre          19.57
     Total dir & ovhd expenses per acre        89.28
     Net return per acre                       -5.81

     Lbr & mgt charge per acre                 15.65
     Net return over lbr & mgt                -21.46
     Government payments                        8.14
     Net return with govt payments            -13.32

     Cost of Production
     Total direct expense per bu.               1.30
     Total dir & ovhd exp per bu.               1.67
     With labor & management                    1.96
     Total exp less govt & oth income           1.57