TABLE 11 - 26
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

                   Oats on Owned Land

                                            Avg. Of 
                                           All Farms
              

     Number of fields                             25 
     Number of farms                              21             
              

     Acres                                     48.26             
     Yield per acre (bu.)                      62.26             
     Operators share of yield %               100.00             
     Value per bu.                              1.26             
     Other product return per acre              1.38             
     Total product return per acre             79.87             
     Miscellaneous income per acre              3.45             
     Gross return per acre                     83.31             
              

     Direct Expenses         
       Seed                                     5.60             
       Fertilizer                              13.58             
       Crop chemicals                           3.55             
       Crop insurance                           4.61             
       Fuel & oil                               9.51             
       Repairs                                 13.18             
       Custom hire                              3.16             
       Operating interest                       1.32             
       Miscellaneous                            0.40             
     Total direct expenses per acre            54.91             
     Return over direct exp per acre           28.41             
              

     Overhead Expenses         
       Hired labor                              2.77             
       Machinery & bldg leases                  0.51             
       RE & pers. property taxes                4.00             
       Farm insurance                           1.41             
       Utilities                                1.59             
       Interest                                10.59             
       Mach & bldg depreciation                 7.59             
       Miscellaneous                            2.02             
     Total overhead expenses per acre          30.47             
     Total dir & ovhd expenses per acre        85.37             
     Net return per acre                       -2.06             
              

     Lbr & mgt charge per acre                 13.26             
     Net return over lbr & mgt                -15.33             
     Government payments                        8.76             
     Net return with govt payments             -6.57             
              

     Cost of Production         
     Total direct expense per bu.               0.88             
     Total dir & ovhd exp per bu.               1.37             
     With labor & management                    1.58             
     Total exp less govt & oth income           1.37