NCTC FBM - Moorhead                              
                                   Crop Enterprise Analysis, 1999                         
                    Northland Community and Technical College Farm Business Mgt.          
                                              Moorhead                                    
                                       (Average of All Farms)                             

                                      CORN ON CASH RENTED LAND                            


                                                  Average For
                                                   All Farms 
                                                  -----------
 Number of fields                                         23
 Number of farms                                          21

 Acres                                                234.23
 Yield per acre (bushel)                              124.76
 Operators share of yield %                           100.00
 Value per bushel                                       1.68
 Total product return per acre                        209.99
 Miscellaneous income per acre                         28.67
 Gross return per acre                                238.66

 Direct expenses per acre
   Seed                                                36.93
   Fertilizer                                          34.45
   Crop chemicals                                      22.74
   Crop insurance                                       6.59
   Drying fuel                                          6.64
   Fuel & oil                                           8.85
   Repairs                                             18.04
   Custom hire                                          2.51
   Hired labor                                          1.40
   Land rent                                           67.47
   Machinery & bldg leases                              1.24
   Marketing                                            3.09
   Operating interest                                  11.24
   Miscellaneous                                        0.18
 Total direct expenses per acre                       221.37
 Return over direct expenses per acre                  17.29

 Overhead expenses per acre
   Custom hire                                          4.54
   Hired labor                                         14.06
   Machinery & bldg leases                              4.37
   Farm insurance                                       4.18
   Utilities                                            2.91
   Dues & professional fees                             1.90
   Interest                                            10.79
   Mach & bldg depreciation                            12.90
   Miscellaneous                                        3.96
 Total overhead expenses per acre                      59.62
 Total listed expenses per acre                       281.00
 Net return per acre                                  -42.34

 Total direct expense per bushel                        1.77
 Total listed expense per bushel                        2.25
 Net return per bushel                                 -0.34
 Breakeven yield per acre                             149.91
 Est. labor hours per acre                              2.92

 Net return including govt. payments                  -17.24
 Lbr & mgt charge per acre                             19.64
 Net return over lbr & mgt                            -36.88