Red River Valley Reports For 1998

                                            TABLE 12 - 5                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                      NAVY BEANS ON OWNED LAND                            


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                          8
                    Number of farms                                           8

                    Acres                                                 49.58
                    Yield per acre (cwt)                                  13.98
                    Operators share of yield %                           100.00
                    Value per cwt                                         16.62
                    Total product return per acre                        232.32
                    Miscellaneous income per acre                         27.29
                    Gross return per acre                                259.61

                    Direct expenses per acre
                      Seed                                                30.04
                      Fertilizer                                          17.35
                      Crop chemicals                                      29.70
                      Crop insurance                                      15.53
                      Fuel & oil                                           6.89
                      Repairs                                             13.74
                      Custom hire                                          5.24
                      Operating interest                                   5.73
                      Miscellaneous                                        2.56
                    Total direct expenses per acre                       126.76
                    Return over direct expenses per acre                 132.85

                    Overhead expenses per acre
                      Custom hire                                          1.61
                      Hired labor                                          7.94
                      Machinery & bldg leases                              6.03
                      RE & pers. property taxes                           12.47
                      Farm insurance                                       2.96
                      Utilities                                            2.65
                      Dues & professional fees                             2.00
                      Interest                                            48.88
                      Mach & bldg depreciation                             7.69
                      Miscellaneous                                        2.07
                    Total overhead expenses per acre                      94.30
                    Total listed expenses per acre                       221.06
                    Net return per acre                                   38.55

                    Total direct expense per cwt                           9.07
                    Total listed expense per cwt                          15.82
                    Net return per cwt                                     2.76
                    Breakeven yield per acre                              11.66

                    Lbr & mgt charge per acre                             16.45
                    Net return over lbr & mgt                             22.10

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