TABLE 11 - 46
                 Crop Enterprise Analysis, 2001                      
      North Dakota Farm Business Management Education Program             
                           State Report                                  
                   (Farms Sorted By Net Return)                          

              Hay, Mixed Alfalfa/Grass on Owned Land                     

                                                  Avg. Of 
                                                All Farms

          Number of fields                             30
          Number of farms                              18

          Acres                                     50.47
          Yield per acre (ton)                       1.38
          Operators share of yield %               100.00
          Value per ton                             37.88
          Total product return per acre             52.41
          Miscellaneous income per acre                - 
          Gross return per acre                     52.41

          Direct Expenses
            Seed                                     0.59
            Crop chemicals                           0.20
            Fuel & oil                               7.75
            Repairs                                  9.84
            Custom hire                              0.38
            Operating interest                       1.30
            Miscellaneous                            0.40
          Total direct expenses per acre            20.46
          Return over direct exp per acre           31.95

          Overhead Expenses
            Hired labor                              0.66
            RE & pers. property taxes                2.81
            Farm insurance                           2.25
            Utilities                                1.91
            Dues & professional fees                 0.89
            Interest                                13.90
            Mach & bldg depreciation                 6.88
            Miscellaneous                            2.68
          Total overhead expenses per acre          31.98
          Total dir & ovhd expenses per acre        52.44
          Net return per acre                       -0.03

          Lbr & mgt charge per acre                 15.72
          Net return over lbr & mgt                -15.75
          Government payments                       12.59
          Net return with govt payments             -3.16

          Cost of Production
          Total direct expense per ton              14.79
          Total dir & ovhd exp per ton              37.90
          With labor & management                   49.27
          Total exp less govt & oth income          40.17