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

                                         CORN ON OWNED LAND                               


                                                  Average For
                                                   All Farms 
                                                  -----------
 Number of fields                                          6
 Number of farms                                           6

 Acres                                                 46.82
 Yield per acre (bushel)                              115.38
 Operators share of yield %                           100.00
 Value per bushel                                       1.49
 Total product return per acre                        171.80
 Miscellaneous income per acre                         39.18
 Gross return per acre                                210.98

 Direct expenses per acre
   Seed                                                34.46
   Fertilizer                                          30.43
   Crop chemicals                                      25.25
   Crop insurance                                       5.51
   Drying fuel                                         10.69
   Fuel & oil                                           8.74
   Repairs                                             20.00
   Operating interest                                  11.73
 Total direct expenses per acre                       146.82
 Return over direct expenses per acre                  64.16

 Overhead expenses per acre
   Custom hire                                          3.17
   Hired labor                                          3.13
   Machinery & bldg leases                              1.55
   RE & pers. property taxes                           12.55
   Farm insurance                                       3.35
   Utilities                                            2.19
   Dues & professional fees                             1.94
   Interest                                            50.19
   Mach & bldg depreciation                            14.06
   Miscellaneous                                        2.90
 Total overhead expenses per acre                      95.04
 Total listed expenses per acre                       241.85
 Net return per acre                                  -30.88

 Total direct expense per bushel                        1.27
 Total listed expense per bushel                        2.10
 Net return per bushel                                 -0.27
 Breakeven yield per acre                             136.12
 Est. labor hours per acre                              1.84

 Net return including govt. payments                   -6.44
 Lbr & mgt charge per acre                             14.77
 Net return over lbr & mgt                            -21.21