Red River Valley Reports For 1998

                                           
                                            TABLE 12 - 7                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                      PINTO BEANS ON OWNED LAND                           


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                          8
                    Number of farms                                           7

                    Acres                                                120.65
                    Yield per acre (cwt)                                  14.62
                    Operators share of yield %                           100.00
                    Value per cwt                                         16.25
                    Total product return per acre                        237.62
                    Miscellaneous income per acre                         43.30
                    Gross return per acre                                280.92

                    Direct expenses per acre
                      Seed                                                26.59
                      Fertilizer                                          13.67
                      Crop chemicals                                      34.54
                      Crop insurance                                      13.16
                      Fuel & oil                                           7.25
                      Repairs                                             12.82
                      Operating interest                                   5.41
                      Miscellaneous                                        0.43
                    Total direct expenses per acre                       114.65
                    Return over direct expenses per acre                 166.27

                    Overhead expenses per acre
                      Custom hire                                          1.38
                      Hired labor                                         11.59
                      Machinery & bldg leases                              3.27
                      RE & pers. property taxes                           12.94
                      Farm insurance                                       5.40
                      Utilities                                            2.85
                      Dues & professional fees                             1.95
                      Interest                                            38.14
                      Mach & bldg depreciation                             9.52
                      Miscellaneous                                        1.50
                    Total overhead expenses per acre                      88.54
                    Total listed expenses per acre                       203.20
                    Net return per acre                                   77.73

                    Total direct expense per cwt                           7.84
                    Total listed expense per cwt                          13.90
                    Net return per cwt                                     5.32
                    Breakeven yield per acre                               9.84

                    Lbr & mgt charge per acre                             15.10
                    Net return over lbr & mgt                             62.63

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