Loon Lake, Saskatchewan, were used to determine the effect of rate of urea (46-0-0) and ammonium nitrate (34-0-0) fertilization on net retums from bromegrass (Bromus inermis Leyss.) production when the N was broadcast annually or as a single application at the start of the experiment. Each N source was applied at annual rates of 0' 50, 100' and 200 kg N ha-t and at single application rates of0, 100, 200, 400, and 800 kg ha-t. The ammonium nitrate was also applied at rates of 600 and 1000 kg ha-1. Comparisons of the discounted present value of net returns (NPV) over the study periods showed that N fertilization was highly profitable for all treatments under most forage price, N cost, and interest rate situations. The application of ammonium nitrate was consistently more profitable than urea despite its higher unit cost. At Scott, the 5-yr economic advantage of ammonium nitrate over urea averaged $53-$117 ha I for annual applications and $34-$72ha 1 for single applications when forage price was varied from $0.05 to $0.09 kg 1; at Loon Lake, the corresponding 9-yr advantage of ammonium nitrate averaged $48-$121 ha-I for annual and $25-$59 ha 1 for single applications. When price was adjusted to reflect forage N and P composition, the economic advantage of using ammonium nitrate over urea was enhanced. For ffeatments receiving similar rates of total applied N by both methods of application, NPV was generally higher when the N was applied in smaller doses annually compared to all at one time. At Scott, this effect was consistent at all N rates and for both N sources. but at Loon Lake, where moisture was more favorable, single applications at lower N rates often provided similar NPV as for annual N applications. The most profitable fertilizer treatments at Scott and Loon Lake were the 100-and 200-kg ha-t rates of ammonium nitrate-N applied annually. When forage yields were related to N rate, moisture, and stand age for the annual N application treatments the economic optimum N rates depended greatly on the expectations for moisture, level ofrisk aversion, and on the ratio of fertilizer N cost to forage price. The optimum application rates of ammonium nitrate-N averaged 1-14k9 ha-r higher at Scott and 8-27 kgN ha-t higher at Loon Lake compared to those for urea. Furthel the optimum N rates were higher than the general recommendation for bromegrass grown in these regions; thus producers should consider using higher N rates than has been the tradition for maximum economic return. (Kilcher 1958;Campbell et al. 1986). Campbell et al. (1986)