TABLE 11 - 7
             Crop Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
              (Farms Sorted By Net Return)

              Wheat, Winter on Owned Land

                                            Avg. Of 
                                           All Farms

     Number of fields                             10
     Number of farms                               9

     Acres                                    147.97
     Yield per acre (bu.)                      53.50
     Operators share of yield %               100.00
     Value per bu.                              2.79
     Total product return per acre            149.11
     Miscellaneous income per acre              2.44
     Gross return per acre                    151.55

     Direct Expenses
       Seed                                     6.93
       Fertilizer                              22.89
       Crop chemicals                          10.18
       Crop insurance                           8.75
       Fuel & oil                               7.61
       Repairs                                  9.86
       Custom hire                              1.34
       Operating interest                       3.63
       Miscellaneous                            0.34
     Total direct expenses per acre            71.53
     Return over direct exp per acre           80.02

     Overhead Expenses
       Hired labor                              1.67
       Machinery & bldg leases                  3.87
       RE & pers. property taxes                3.94
       Farm insurance                           1.96
       Utilities                                1.22
       Dues & professional fees                 0.59
       Interest                                14.30
       Mach & bldg depreciation                 7.84
       Miscellaneous                            2.35
     Total overhead expenses per acre          37.74
     Total dir & ovhd expenses per acre       109.27
     Net return per acre                       42.29

     Lbr & mgt charge per acre                 14.77
     Net return over lbr & mgt                 27.52
     Government payments                       10.38
     Net return with govt payments             37.90

     Cost of Production
     Total direct expense per bu.               1.34
     Total dir & ovhd exp per bu.               2.04
     With labor & management                    2.32
     Total exp less govt & oth income           2.08