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

	Avg. Of
	All Farms

Number of fields	7
Number of farms	6

Acres	50.69
Yield per acre ($)	45.67
Operators share of yield %	62.38
Value per $	1.00
Total product return per acre	28.49
Miscellaneous income per acre	-
Gross return per acre	28.49

Direct Expenses
Crop chemicals	0.06
Fuel & oil	2.63
Repairs	1.63
Operating interest	0.88
Total direct expenses per acre	5.20
Return over direct exp per acre	23.29

Overhead Expenses
Custom hire	0.51
Hired labor	0.46
Farm insurance	5.31
Utilities	0.86
Interest	0.85
Mach & bldg depreciation	2.00
Miscellaneous	0.27
Total overhead expenses per acre	10.25
Total dir & ovhd expenses per acre	15.44
Net return per acre	13.04

Lbr & mgt charge per acre	3.24
Net return over lbr & mgt	9.81
Government payments	-
Net return with govt payments	9.81

Cost of Production
Total direct expense per $	0.18
Total dir & ovhd exp per $	0.54
With labor & management	0.66
Total exp less govt & oth income	0.66

Est. labor hours per acre	0.40