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

	Avg. Of
	All Farms

Number of fields	9
Number of farms	9

Acres	48.20
Yield per acre (ton)	19.48
Operators share of yield %	100.00
Value per ton	21.22
Total product return per acre	413.38
Miscellaneous income per acre	22.20
Gross return per acre	435.59

Direct Expenses
Seed	44.63
Fertilizer	42.17
Crop chemicals	32.51
Crop insurance	3.32
Irrigation energy	8.65
Fuel & oil	21.40
Repairs	25.90
Custom hire	37.84
Hired labor	3.03
Land rent	71.17
Machinery & bldg leases	0.79
Operating interest	5.92
Miscellaneous	20.95
Total direct expenses per acre	318.29
Return over direct exp per acre	117.29

Overhead Expenses
Custom hire	2.06
Hired labor	18.19
Machinery & bldg leases	21.19
Farm insurance	6.63
Utilities	4.09
Dues & professional fees	0.66
Interest	1.46
Mach & bldg depreciation	31.19
Miscellaneous	7.65
Total overhead expenses per acre	93.12
Total dir & ovhd expenses per acre	411.41
Net return per acre	24.17

Lbr & mgt charge per acre	46.06
Net return over lbr & mgt	-21.88
Government payments	26.77
Net return with govt payments	4.89

Cost of Production
Total direct expense per ton	16.34
Total dir & ovhd exp per ton	21.12
With labor & management	23.48
Total exp less govt & oth income	20.97

Est. labor hours per acre	4.42