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

	Avg. Of
	All Farms

Number of fields	7
Number of farms	6

Acres	230.36
Yield per acre (cwt.)	9.48
Operators share of yield %	100.00
Value per cwt.	22.70
Total product return per acre	215.18
Miscellaneous income per acre	72.55
Gross return per acre	287.73

Direct Expenses
Seed	27.09
Fertilizer	25.14
Crop chemicals	30.54
Crop insurance	18.91
Fuel & oil	14.58
Repairs	19.14
Custom hire	7.80
Hired labor	0.76
Land rent	62.75
Operating interest	2.58
Miscellaneous	0.42
Total direct expenses per acre	209.70
Return over direct exp per acre	78.03

Overhead Expenses
Custom hire	2.28
Hired labor	17.17
Machinery & bldg leases	1.74
Farm insurance	4.48
Utilities	1.71
Dues & professional fees	2.33
Interest	3.43
Mach & bldg depreciation	18.78
Miscellaneous	3.56
Total overhead expenses per acre	55.48
Total dir & ovhd expenses per acre	265.18
Net return per acre	22.55

Lbr & mgt charge per acre	20.96
Net return over lbr & mgt	1.59
Government payments	-
Net return with govt payments	1.59

Cost of Production
Total direct expense per cwt.	22.12
Total dir & ovhd exp per cwt.	27.97
With labor & management	30.19
Total exp less govt & oth income	22.53

Est. labor hours per acre	2.15