Red River Valley Reports For 1998

                                                                       
                                           TABLE 12 - 9                                  
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Average of all farms reporting)                        

                                     CANOLA ON CASH RENTED LAND                           


                                                                     Average For
                                                                      All Farms 
                                                                     ----------
                    Number of fields                                          8
                    Number of farms                                           6

                    Acres                                                183.48
                    Yield per acre (lb)                                 1510.19
                    Operators share of yield %                           100.00
                    Value per lb                                           0.12
                    Total product return per acre                        175.51
                    Miscellaneous income per acre                         16.60
                    Gross return per acre                                192.10

                    Direct expenses per acre
                      Seed                                                20.96
                      Fertilizer                                          22.02
                      Crop chemicals                                      16.82
                      Crop insurance                                      10.46
                      Fuel & oil                                           5.45
                      Repairs                                              8.28
                      Custom hire                                          0.42
                      Land rent                                           44.36
                      Operating interest                                   3.24
                      Miscellaneous                                        0.33
                    Total direct expenses per acre                       132.33
                    Return over direct expenses per acre                  59.78

                    Overhead expenses per acre
                      Custom hire                                          9.02
                      Hired labor                                          5.70
                      Farm insurance                                       2.65
                      Utilities                                            1.42
                      Dues & professional fees                             0.55
                      Interest                                             3.72
                      Mach & bldg depreciation                             5.83
                      Miscellaneous                                        2.79
                    Total overhead expenses per acre                      31.68
                    Total listed expenses per acre                       164.01
                    Net return per acre                                   28.10

                    Total direct expense per lb                            0.09
                    Total listed expense per lb                            0.11
                    Net return per lb                                      0.02
                    Breakeven yield per acre                            1268.41

                    Net return including govt. payments                   53.41
                    Lbr & mgt charge per acre                             12.02
                    Net return over lbr & mgt                             41.39

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