TABLE 11 - 53
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

              Hay, Small Grain on Cash Rent

                                            Avg. Of             
                                           All Farms            
              

     Number of fields                             44            
     Number of farms                              21            
              

     Acres                                     60.88            
     Yield per acre (ton)                       1.28            
     Operators share of yield %               100.00            
     Value per ton                             44.80            
     Total product return per acre             57.39            
     Miscellaneous income per acre              6.02            
     Gross return per acre                     63.41            
              

     Direct Expenses         
       Seed                                     6.41            
       Fertilizer                               9.52            
       Crop chemicals                           5.55            
       Crop insurance                           2.69            
       Fuel & oil                               5.42            
       Repairs                                  7.11            
       Custom hire                              0.18            
       Land rent                               20.32            
       Operating interest                       1.26            
       Miscellaneous                            0.24            
     Total direct expenses per acre            58.69            
     Return over direct exp per acre            4.72            
              

     Overhead Expenses         
       Custom hire                              0.12            
       Hired labor                              1.55            
       Machinery & bldg leases                  0.35            
       Farm insurance                           1.00            
       Utilities                                0.65            
       Interest                                 2.76            
       Mach & bldg depreciation                 4.94            
       Miscellaneous                            2.45            
     Total overhead expenses per acre          13.82            
     Total dir & ovhd expenses per acre        72.52            
     Net return per acre                       -9.10            
              

     Lbr & mgt charge per acre                  8.06            
     Net return over lbr & mgt                -17.17            
     Government payments                        7.10            
     Net return with govt payments            -10.06            
              

     Cost of Production         
     Total direct expense per ton              45.82            
     Total dir & ovhd exp per ton              56.61            
     With labor & management                   62.90            
     Total exp less govt & oth income          52.65