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

                                      SUGAR BEETS ON OWNED LAND                           


                                                  Average For
                                                   All Farms 
                                                  ------------
 Number of fields                                         10
 Number of farms                                           9

 Acres                                                 53.92
 Yield per acre (ton)                                  18.83
 Operators share of yield %                           100.00
 Value per ton                                         31.66
 Total product return per acre                        596.16
 Miscellaneous income per acre                         19.32
 Gross return per acre                                615.48

 Direct expenses per acre
   Seed                                                39.61
   Fertilizer                                          29.32
   Crop chemicals                                     106.46
   Crop insurance                                       8.86
   Fuel & oil                                          26.06
   Repairs                                             38.71
   Custom hire                                          2.89
   Hired labor                                         20.94
   Machinery & bldg leases                              2.69
   Marketing                                          186.54
   Operating interest                                  22.15
 Total direct expenses per acre                       484.24
 Return over direct expenses per acre                 131.24

 Overhead expenses per acre
   Custom hire                                          1.24
   Hired labor                                          9.77
   Machinery & bldg leases                              2.52
   RE & pers. property taxes                           12.38
   Farm insurance                                       2.79
   Utilities                                            4.87
   Dues & professional fees                             3.53
   Interest                                            55.74
   Mach & bldg depreciation                            50.14
   Miscellaneous                                        6.60
 Total overhead expenses per acre                     149.58
 Total listed expenses per acre                       633.82
 Net return per acre                                  -18.35

 Total direct expense per ton                          25.72
 Total listed expense per ton                          33.66
 Net return per ton                                    -0.97
 Breakeven yield per acre                              19.41
 Est. labor hours per acre                              7.09

 Net return including govt. payments                    8.27
 Lbr & mgt charge per acre                             61.42
 Net return over lbr & mgt                            -53.15