Red River Valley Reports For 1998

                                           TABLE 12 - 6                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                   NAVY BEANS ON CASH RENTED LAND                         


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                         20
                    Number of farms                                          18

                    Acres                                                 99.17
                    Yield per acre (cwt)                                  15.60
                    Operators share of yield %                           100.00
                    Value per cwt                                         16.90
                    Total product return per acre                        263.67
                    Miscellaneous income per acre                         20.05
                    Gross return per acre                                283.72

                    Direct expenses per acre
                      Seed                                                28.47
                      Fertilizer                                          18.78
                      Crop chemicals                                      26.25
                      Crop insurance                                      18.16
                      Fuel & oil                                           7.51
                      Repairs                                             15.04
                      Custom hire                                          4.12
                      Hired labor                                          0.27
                      Land rent                                           62.54
                      Machinery & bldg leases                              0.30
                      Operating interest                                   6.56
                      Miscellaneous                                        0.80
                    Total direct expenses per acre                       188.80
                    Return over direct expenses per acre                  94.91

                    Overhead expenses per acre
                      Custom hire                                          0.31
                      Hired labor                                          9.32
                      Machinery & bldg leases                              4.67
                      Farm insurance                                       4.35
                      Utilities                                            3.30
                      Dues & professional fees                             2.60
                      Interest                                             5.68
                      Mach & bldg depreciation                            14.97
                      Miscellaneous                                        2.80
                    Total overhead expenses per acre                      48.00
                    Total listed expenses per acre                       236.80
                    Net return per acre                                   46.91

                    Total direct expense per cwt                          12.10
                    Total listed expense per cwt                          15.18
                    Net return per cwt                                     3.01
                    Breakeven yield per acre                              12.83

                    Lbr & mgt charge per acre                             21.40
                    Net return over lbr & mgt                             25.51

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