Red River Valley Reports For 1998

                                            TABLE 12 - 4                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                               BLACK TURTLE BEANS ON CASH RENTED LAND                     


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

                    Acres                                                107.02
                    Yield per acre (cwt)                                  16.39
                    Operators share of yield %                           100.00
                    Value per cwt                                         20.62
                    Total product return per acre                        338.08
                    Miscellaneous income per acre                          0.00
                    Gross return per acre                                338.08

                    Direct expenses per acre
                      Seed                                                33.08
                      Fertilizer                                          20.93
                      Crop chemicals                                      32.03
                      Crop insurance                                      16.84
                      Fuel & oil                                           8.20
                      Repairs                                             11.07
                      Custom hire                                          4.99
                      Land rent                                           67.32
                      Machinery & bldg leases                              0.61
                      Operating interest                                   6.59
                      Miscellaneous                                        0.60
                    Total direct expenses per acre                       202.26
                    Return over direct expenses per acre                 135.82

                    Overhead expenses per acre
                      Custom hire                                          0.26
                      Hired labor                                          9.93
                      Machinery & bldg leases                              2.26
                      Farm insurance                                       5.93
                      Utilities                                            4.32
                      Dues & professional fees                             1.17
                      Interest                                             4.66
                      Mach & bldg depreciation                            23.25
                      Miscellaneous                                        6.06
                    Total overhead expenses per acre                      57.83
                    Total listed expenses per acre                       260.09
                    Net return per acre                                   77.99

                    Total direct expense per cwt                          12.34
                    Total listed expense per cwt                          15.87
                    Net return per cwt                                     4.76
                    Breakeven yield per acre                              12.61

                    Lbr & mgt charge per acre                             17.72
                    Net return over lbr & mgt                             60.27

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