Red River Valley Reports For 1999

                                            TABLE 12 - 10                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                       (Average of All Farms)                             

                                      CORN ON SHARE RENTED LAND                           

                                                                     Average For
                                                                      All Farms 
                                                                     

                    Number of fields                                         11
                    Number of farms                                           9

                    Acres                                                139.18
                    Yield per acre (bushel)                              130.40
                    Operators share of yield %                            67.13
                    Value per bushel                                       1.71
                    Total product return per acre                        149.67
                    Miscellaneous income per acre                         29.07
                    Gross return per acre                                178.74

                    Direct expenses per acre
                      Seed                                                28.54
                      Fertilizer                                          32.21
                      Crop chemicals                                      17.58
                      Crop insurance                                       7.59
                      Drying fuel                                          5.11
                      Fuel & oil                                           8.26
                      Repairs                                             14.04
                      Custom hire                                          2.83
                      Operating interest                                   3.98
                    Total direct expenses per acre                       120.12
                    Return over direct expenses per acre                  58.63

                    Overhead expenses per acre
                      Hired labor                                         14.66
                      Machinery & bldg leases                              4.46
                      Farm insurance                                       2.93
                      Utilities                                            2.25
                      Dues & professional fees                             2.02
                      Interest                                             5.29
                      Mach & bldg depreciation                            16.68
                      Miscellaneous                                        3.12
                    Total overhead expenses per acre                      51.40
                    Total listed expenses per acre                       171.52
                    Net return per acre                                    7.22

                    Total direct expense per bushel                        1.37
                    Total listed expense per bushel                        1.96
                    Net return per bushel                                  0.08
                    Breakeven yield per acre                             123.85
                    

                    Net return including govt. payments                   27.33
                    Lbr & mgt charge per acre                             17.27
                    Net return over lbr & mgt                             10.06

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