Red River Valley Reports For 1998

                                            TABLE 12 - 1                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                        BARLEY ON OWNED LAND                              


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                         22
                    Number of farms                                          21

                    Acres                                                 69.27
                    Yield per acre (bushel)                               65.17
                    Operators share of yield %                           100.00
                    Value per bushel                                       1.54
                    Total product return per acre                        100.58
                    Miscellaneous income per acre                         19.93
                    Gross return per acre                                120.51

                    Direct expenses per acre
                      Seed                                                 7.60
                      Fertilizer                                          23.01
                      Crop chemicals                                      13.16
                      Crop insurance                                       6.08
                      Drying fuel                                          0.18
                      Fuel & oil                                           4.99
                      Repairs                                             11.33
                      Custom hire                                          2.12
                      Hired labor                                          0.11
                      Operating interest                                   3.62
                      Miscellaneous                                        0.47
                    Total direct expenses per acre                        72.68
                    Return over direct expenses per acre                  47.84

                    Overhead expenses per acre
                      Custom hire                                          0.68
                      Hired labor                                          3.85
                      Machinery & bldg leases                              1.21
                      RE & pers. property taxes                           11.50
                      Farm insurance                                       2.93
                      Utilities                                            1.80
                      Dues & professional fees                             1.15
                      Interest                                            32.18
                      Mach & bldg depreciation                            10.47
                      Miscellaneous                                        2.84
                    Total overhead expenses per acre                      68.59
                    Total listed expenses per acre                       141.26
                    Net return per acre                                  -20.75

                    Total direct expense per bushel                        1.12
                    Total listed expense per bushel                        2.17
                    Net return per bushel                                 -0.32
                    Breakeven yield per acre                              78.61

                    Net return including govt. payments                    4.73
                    Lbr & mgt charge per acre                             14.29
                    Net return over lbr & mgt                             -9.57

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