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

	Avg. Of
	All Farms

Number of fields	7
Number of farms	7

Acres	157.86
Yield per acre (cwt.)	9.21
Operators share of yield %	100.00
Value per cwt.	19.39
Total product return per acre	178.49
Miscellaneous income per acre	39.58
Gross return per acre	218.07

Direct Expenses
Seed	32.18
Fertilizer	20.29
Crop chemicals	31.17
Crop insurance	20.35
Fuel & oil	14.91
Repairs	22.90
Machinery & bldg leases	1.89
Operating interest	6.21
Miscellaneous	0.54
Total direct expenses per acre	150.44
Return over direct exp per acre	67.63

Overhead Expenses
Custom hire	4.48
Hired labor	21.01
Machinery & bldg leases	4.24
RE & pers. property taxes	10.54
Farm insurance	2.16
Utilities	1.61
Dues & professional fees	1.05
Interest	24.59
Mach & bldg depreciation	14.31
Miscellaneous	9.56
Total overhead expenses per acre	93.56
Total dir & ovhd expenses per acre	244.00
Net return per acre	-25.93

Lbr & mgt charge per acre	18.53
Net return over lbr & mgt	-44.46
Government payments	-
Net return with govt payments	-44.46

Cost of Production
Total direct expense per cwt.	16.34
Total dir & ovhd exp per cwt.	26.50
With labor & management	28.52
Total exp less govt & oth income	24.22

Est. labor hours per acre	2.34