TABLE 11 - 8
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

               Wheat, Winter on Cash Rent

                                            Avg. Of 
                                           All Farms

     Number of fields                             22
     Number of farms                              16

     Acres                                    165.09
     Yield per acre (bu.)                      47.65
     Operators share of yield %               100.00
     Value per bu.                              2.85
     Other product return per acre              1.22
     Total product return per acre            136.86
     Miscellaneous income per acre              3.25
     Gross return per acre                    140.11

     Direct Expenses
       Seed                                     7.39
       Fertilizer                              23.34
       Crop chemicals                          11.46
       Crop insurance                           7.10
       Fuel & oil                               5.90
       Repairs                                  7.81
       Custom hire                              6.81
       Land rent                               31.34
       Operating interest                       2.13
       Miscellaneous                            0.09
     Total direct expenses per acre           103.37
     Return over direct exp per acre           36.74

     Overhead Expenses
       Hired labor                              2.28
       Machinery & bldg leases                  1.59
       Farm insurance                           2.00
       Utilities                                1.39
       Interest                                 2.66
       Mach & bldg depreciation                 7.67
       Miscellaneous                            3.95
     Total overhead expenses per acre          21.54
     Total dir & ovhd expenses per acre       124.91
     Net return per acre                       15.20

     Lbr & mgt charge per acre                 11.81
     Net return over lbr & mgt                  3.39
     Government payments                       10.53
     Net return with govt payments             13.92

     Cost of Production
     Total direct expense per bu.               2.17
     Total dir & ovhd exp per bu.               2.62
     With labor & management                    2.87
     Total exp less govt & oth income           2.55