Farm Business Management -- Reports -- State-wide Minnesota 2003

	Avg. Of
	All Farms

Number of fields	8
Number of farms	6

Acres	49.51
Yield per acre (cwt.)	5.90
Operators share of yield %	100.00
Value per cwt.	17.38
Total product return per acre	102.52
Miscellaneous income per acre	81.81
Gross return per acre	184.33

Direct Expenses
Seed	31.49
Fertilizer	12.73
Crop chemicals	31.72
Crop insurance	14.25
Fuel & oil	13.28
Repairs	17.52
Custom hire	10.31
Land rent	54.79
Operating interest	3.78
Miscellaneous	1.29
Total direct expenses per acre	191.17
Return over direct exp per acre	-6.84

Overhead Expenses
Custom hire	1.51
Hired labor	5.60
Machinery & bldg leases	1.28
Farm insurance	2.93
Utilities	1.50
Dues & professional fees	2.78
Interest	3.66
Mach & bldg depreciation	13.90
Miscellaneous	2.76
Total overhead expenses per acre	35.92
Total dir & ovhd expenses per acre	227.09
Net return per acre	-42.76

Lbr & mgt charge per acre	19.70
Net return over lbr & mgt	-62.46
Government payments	-
Net return with govt payments	-62.46

Cost of Production
Total direct expense per cwt.	32.42
Total dir & ovhd exp per cwt.	38.51
With labor & management	41.85
Total exp less govt & oth income	27.97

Est. labor hours per acre	1.83