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

	Avg. Of
	All Farms

Number of fields	15
Number of farms	14

Acres	135.37
Yield per acre (cwt.)	7.73
Operators share of yield %	100.00
Value per cwt.	20.29
Total product return per acre	156.80
Miscellaneous income per acre	46.79
Gross return per acre	203.60

Direct Expenses
Seed	33.30
Fertilizer	25.66
Crop chemicals	35.41
Crop insurance	17.76
Fuel & oil	12.53
Repairs	26.32
Custom hire	5.34
Hired labor	1.12
Land rent	64.16
Machinery & bldg leases	0.45
Operating interest	4.41
Miscellaneous	0.66
Total direct expenses per acre	227.13
Return over direct exp per acre	-23.53

Overhead Expenses
Custom hire	2.97
Hired labor	12.99
Machinery & bldg leases	0.95
Farm insurance	5.90
Utilities	2.27
Dues & professional fees	2.63
Interest	3.64
Mach & bldg depreciation	17.72
Miscellaneous	2.09
Total overhead expenses per acre	51.17
Total dir & ovhd expenses per acre	278.30
Net return per acre	-74.70

Lbr & mgt charge per acre	25.83
Net return over lbr & mgt	-100.54
Government payments	-
Net return with govt payments	-100.54

Cost of Production
Total direct expense per cwt.	29.38
Total dir & ovhd exp per cwt.	36.00
With labor & management	39.35
Total exp less govt & oth income	33.29

Est. labor hours per acre	2.06