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

	Avg. Of
	All Farms

Number of fields	19
Number of farms	19

Acres	61.35
Yield per acre (ton)	18.50
Operators share of yield %	100.00
Value per ton	19.67
Total product return per acre	363.95
Miscellaneous income per acre	32.65
Gross return per acre	396.60

Direct Expenses
Seed	40.97
Fertilizer	47.24
Crop chemicals	25.89
Crop insurance	7.64
Irrigation energy	10.80
Fuel & oil	22.82
Repairs	38.33
Custom hire	15.22
Machinery & bldg leases	1.10
Operating interest	2.64
Miscellaneous	10.59
Total direct expenses per acre	223.22
Return over direct exp per acre	173.38

Overhead Expenses
Custom hire	11.68
Hired labor	15.00
Machinery & bldg leases	3.85
RE & pers. property taxes	5.65
Farm insurance	3.60
Utilities	3.32
Dues & professional fees	0.71
Interest	44.56
Mach & bldg depreciation	34.35
Miscellaneous	5.96
Total overhead expenses per acre	128.68
Total dir & ovhd expenses per acre	351.89
Net return per acre	44.71

Lbr & mgt charge per acre	23.09
Net return over lbr & mgt	21.61
Government payments	19.13
Net return with govt payments	40.75

Cost of Production
Total direct expense per ton	12.06
Total dir & ovhd exp per ton	19.02
With labor & management	20.27
Total exp less govt & oth income	17.47

Est. labor hours per acre	5.57