TABLE 11 - 52
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

             Hay, Small Grain on Owned Land 

                                            Avg. Of             
                                           All Farms            
              

     Number of fields                             41            
     Number of farms                              21            
              

     Acres                                     57.92            
     Yield per acre (ton)                       0.98            
     Operators share of yield %               100.00            
     Value per ton                             45.11            
     Other product return per acre              0.37            
     Total product return per acre             44.63            
     Miscellaneous income per acre              7.38            
     Gross return per acre                     52.01            
              

     Direct Expenses         
       Seed                                     6.29            
       Fertilizer                              11.76            
       Crop chemicals                           4.28            
       Crop insurance                           1.14            
       Fuel & oil                               5.96            
       Repairs                                  7.86            
       Custom hire                              1.95            
       Operating interest                       1.38            
       Miscellaneous                            0.19            
     Total direct expenses per acre            40.81            
     Return over direct exp per acre           11.20            
              

     Overhead Expenses         
       Custom hire                              0.14            
       Hired labor                              1.43            
       RE & pers. property taxes                3.27            
       Farm insurance                           2.74            
       Utilities                                0.85            
       Dues & professional fees                 0.51            
       Interest                                 8.49            
       Mach & bldg depreciation                 7.55            
       Miscellaneous                            2.36            
     Total overhead expenses per acre          27.35            
     Total dir & ovhd expenses per acre        68.17            
     Net return per acre                      -16.16            
              

     Lbr & mgt charge per acre                 11.67            
     Net return over lbr & mgt                -27.83            
     Government payments                        8.58            
     Net return with govt payments            -19.24            
              

     Cost of Production         
     Total direct expense per ton              41.59            
     Total dir & ovhd exp per ton              69.47            
     With labor & management                   81.36            
     Total exp less govt & oth income          64.72