Red River Valley Reports For 1999

                                     TABLE 12 - 3                                  
                            Crop Enterprise Analysis, 1999                         
                Minnesota and North Dakota Farm Business Mgmt Education            
                                   Red River Valley                                
                                (Average of All Farms)                             

                               NAVY BEANS ON OWNED LAND                            

                                                              Average For
                                                               All Farms 
                                                                     

             Number of fields                                         15
             Number of farms                                          15

             Acres                                                 81.52
             Yield per acre (cwt)                                  12.31
             Operators share of yield %                           100.00
             Value per cwt                                         15.37
             Total product return per acre                        189.31
             Miscellaneous income per acre                         62.62
             Gross return per acre                                251.92

             Direct expenses per acre
               Seed                                                31.36
               Fertilizer                                          20.51
               Crop chemicals                                      31.24
               Crop insurance                                      12.00
               Fuel & oil                                           8.03
               Repairs                                             16.32
               Custom hire                                          2.72
               Hired labor                                          0.19
               Operating interest                                   6.30
             Total direct expenses per acre                       128.69
             Return over direct expenses per acre                 123.23
              Overhead expenses per acre
               Custom hire                                          0.87
               Hired labor                                         10.65
               Machinery & bldg leases                              5.93
               RE & pers. property taxes                           13.12
               Farm insurance                                       3.64
               Utilities                                            3.41
               Dues & professional fees                             2.12
               Interest                                            37.33
               Mach & bldg depreciation                             9.28
               Miscellaneous                                        4.18
             Total overhead expenses per acre                      90.53
             Total listed expenses per acre                       219.22
             Net return per acre                                   32.71
             Total direct expense per cwt                          10.45
             Total listed expense per cwt                          17.80
             Net return per cwt                                     2.66
             Breakeven yield per acre                              10.19
                   

             Net return including govt. payments                   32.71
             Lbr & mgt charge per acre                             20.58
             Net return over lbr & mgt                             12.13

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