Crop Break-Even Report

        PAGE NO.     1   49-000100  HAPPY ACRES FARMS     Y/E  12/31   
        03/03            Pd.  1-01    THRU 12-31,     CB # 1 2 3 4 5
                           BREAK-EVEN CROP ANALYSIS
 ENTR DESCRIPTION                    TOTAL  PER ACRE  PER UNIT
 0221 CORN FOR GRAIN
      I N C O M E
           TOTAL ACRES --->         100.00
      HARVESTED                  14,000.00    140.00
      VALUE PER UNIT                  2.46      2.46
      CROP VALUE                 34,440.00    344.40     2.460
      OTHER CROP INCOME
============ ========= ========= TOTAL CROP INCOME $34,440.00 $344.40 $2.460 D I R E C T C O S T FERTILIZER 4,050.00 40.50 0.289 CHEMICAL 2,043.00 20.43 0.146 SEED 2,666.00 26.66 0.190 DRYING 2,169.00 21.69 0.155 IRRIGATION CROP INSURANCE 834.00 8.34 0.060 STORAGE CROP MARKETING MISC CROP EXPENSE 1,800.00 18.00 0.129 CROP CONSULTANTS FUEL 1,412.00 14.12 0.101 REPAIR 961.00 9.61 0.069 RENT 5,275.00 52.75 0.377 UTILITIES INTEREST, INS. & MISC. LABOR 885.00 8.85 0.063 CUSTOM WORK 474.00 4.74 0.034 ============ ======== ======== TOTAL DIRECT COST $22,569.00 $225.69 $1.612 RETURN OVER DIRECT COST $11,871.00 $118.71 $0.848 A L L O C A T E D C O S T OVERHEAD 2,379.00 23.79 0.170 MACHINERY 1,208.00 12.08 0.086 IRRIGATION EQUIP LAND IMPROVEMENTS 846.00 8.46 0.060 FAMILY LIVING 3,137.00 31.37 0.224 ============ ========= ========= TOTAL ALLOCATED COST $7,570.00 $75.70 $0.541 TOTAL ALL COSTS $30,139.00 $301.39 $2.153 RETURN OVER ALL COSTS $4,301.00 $43.01 $0.307

Printed by Ultra Farm for Windows