Crop Enterprise Analysis, 1999                         
                  North Dakota Farm Business Management Education Program            
                                       State Report                                  
                                  (Average of All Farms)                             

                             WINTER WHEAT ON CASH RENTED LAND                        

                                                                Average For
                                                                 All Farms 
  

               Number of fields                                          9
               Number of farms                                           5

               Acres                                                 50.62
               Yield per acre (bushel)                               32.69
               Operators share of yield %                           100.00
               Value per bushel                                       2.73
               Total product return per acre                         89.38
               Miscellaneous income per acre                          1.58
               Gross return per acre                                 90.96

               Direct expenses per acre
                 Seed                                                 4.85
                 Fertilizer                                           8.98
                 Crop chemicals                                       3.70
                 Crop insurance                                       4.11
                 Fuel & oil                                           6.40
                 Repairs                                              9.04
                 Custom hire                                          5.16
                 Land rent                                           35.75
                 Operating interest                                   1.25
               Total direct expenses per acre                        79.24
               Return over direct expenses per acre                  11.72

               Overhead expenses per acre
                 Hired labor                                          5.19
                 Machinery & bldg leases                              1.09
                 Farm insurance                                       1.77
                 Utilities                                            2.02
                 Dues & professional fees                             0.49
                 Interest                                             2.34
                 Mach & bldg depreciation                            10.61
                 Miscellaneous                                        2.94
               Total overhead expenses per acre                      26.45
               Total listed expenses per acre                       105.68
               Net return per acre                                  -14.72

               Total direct expense per bushel                        2.42
               Total listed expense per bushel                        3.23
               Net return per bushel                                 -0.45
               Breakeven yield per acre                              38.08