TABLE 11 - 50
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

                Hay, Oats on Owned Land

                                            Avg. Of 
                                           All Farms

     Number of fields                             22
     Number of farms                              19

     Acres                                     51.03
     Yield per acre (ton)                       2.33
     Operators share of yield %               100.00
     Value per ton                             38.92
     Other product return per acre              0.77
     Total product return per acre             91.27
     Miscellaneous income per acre              4.22
     Gross return per acre                     95.49

     Direct Expenses
       Seed                                     8.98
       Fertilizer                              14.28
       Crop chemicals                           3.22
       Crop insurance                           3.59
       Fuel & oil                               7.74
       Repairs                                  8.76
       Custom hire                             11.57
       Operating interest                       0.79
       Miscellaneous                            0.24
     Total direct expenses per acre            59.17
     Return over direct exp per acre           36.32

     Overhead Expenses
       Hired labor                              2.38
       Machinery & bldg leases                  0.51
       RE & pers. property taxes                3.35
       Farm insurance                           2.29
       Utilities                                1.44
       Interest                                 9.67
       Mach & bldg depreciation                 8.26
       Miscellaneous                            2.14
     Total overhead expenses per acre          30.03
     Total dir & ovhd expenses per acre        89.20
     Net return per acre                        6.29

     Lbr & mgt charge per acre                 10.45
     Net return over lbr & mgt                 -4.17
     Government payments                        8.97
     Net return with govt payments              4.81

     Cost of Production
     Total direct expense per ton              25.44
     Total dir & ovhd exp per ton              38.36
     With labor & management                   42.86
     Total exp less govt & oth income          36.85