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

                                    SOYBEANS ON SHARE RENTED LAND                         


                                                  Average For
                                                   All Farms 
                                                  -----------
 Number of fields                                          9
 Number of farms                                           8

 Acres                                                 94.02
 Yield per acre (bushel)                               30.48
 Operators share of yield %                            64.81
 Value per bushel                                       4.05
 Total product return per acre                         79.94
 Miscellaneous income per acre                         30.43
 Gross return per acre                                110.37

 Direct expenses per acre
   Seed                                                10.28
   Fertilizer                                           2.19
   Crop chemicals                                      19.13
   Crop insurance                                       3.48
   Fuel & oil                                           5.85
   Repairs                                             11.55
   Custom hire                                          1.09
   Machinery & bldg leases                              0.91
   Operating interest                                   1.88
 Total direct expenses per acre                        56.35
 Return over direct expenses per acre                  54.02

 Overhead expenses per acre
   Custom hire                                          1.73
   Hired labor                                          1.72
   Machinery & bldg leases                              0.86
   Farm insurance                                       2.29
   Utilities                                            1.49
   Dues & professional fees                             1.29
   Interest                                             1.45
   Mach & bldg depreciation                             8.66
   Miscellaneous                                        2.10
 Total overhead expenses per acre                      21.60
 Total listed expenses per acre                        77.95
 Net return per acre                                   32.42

 Total direct expense per bushel                        2.85
 Total listed expense per bushel                        3.95
 Net return per bushel                                  1.64
 Breakeven yield per acre                              18.10
 Est. labor hours per acre                              1.93

 Net return including govt. payments                   49.51
 Lbr & mgt charge per acre                             18.25
 Net return over lbr & mgt                             31.26