Red River Valley Reports For 1998

                                            TABLE 12 - 20                                 
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North DakotaFarm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                  SUGAR BEETS ON SHARE RENTED LAND                        


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                         14
                    Number of farms                                           6

                    Acres                                                 85.61
                    Yield per acre (ton)                                  21.50
                    Operators share of yield %                            76.05
                    Value per ton                                         34.43
                    Total product return per acre                        564.70
                    Miscellaneous income per acre                          0.00
                    Gross return per acre                                564.70

                    Direct expenses per acre
                      Seed                                                36.75
                      Fertilizer                                          28.78
                      Crop chemicals                                     121.06
                      Crop insurance                                      14.38
                      Fuel & oil                                          19.51
                      Repairs                                             27.98
                      Custom hire                                          8.25
                      Hired labor                                         18.83
                      Machinery & bldg leases                              8.64
                      Marketing                                           48.51
                      Operating interest                                  17.01
                      Miscellaneous                                        0.55
                    Total direct expenses per acre                       350.24
                    Return over direct expenses per acre                 214.45

                    Overhead expenses per acre
                      Custom hire                                         31.46
                      Hired labor                                         27.46
                      Machinery & bldg leases                             25.05
                      Farm insurance                                       4.73
                      Utilities                                            7.72
                      Dues & professional fees                             3.25
                      Interest                                            13.28
                      Mach & bldg depreciation                            32.00
                      Miscellaneous                                       15.33
                    Total overhead expenses per acre                     160.27
                    Total listed expenses per acre                       510.52
                    Net return per acre                                   54.18

                    Total direct expense per ton                          21.42
                    Total listed expense per ton                          31.23
                    Net return per ton                                     3.31
                    Breakeven yield per acre                              19.50

                    Lbr & mgt charge per acre                             52.78
                    Net return over lbr & mgt                              1.40

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