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

	Avg. Of
	All Farms

Number of fields	10
Number of farms	10

Acres	63.66
Yield per acre (ton)	4.69
Operators share of yield %	100.00
Value per ton	97.23
Total product return per acre	455.79
Miscellaneous income per acre	-
Gross return per acre	455.79

Direct Expenses
Fertilizer	23.10
Crop chemicals	4.34
Irrigation energy	7.29
Fuel & oil	18.45
Repairs	31.29
Custom hire	6.82
Operating interest	3.00
Miscellaneous	6.88
Total direct expenses per acre	101.16
Return over direct exp per acre	354.63

Overhead Expenses
Custom hire	3.80
Hired labor	8.95
Machinery & bldg leases	4.43
RE & pers. property taxes	7.75
Farm insurance	4.87
Utilities	3.50
Dues & professional fees	0.99
Interest	40.96
Mach & bldg depreciation	47.99
Miscellaneous	4.16
Total overhead expenses per acre	127.40
Total dir & ovhd expenses per acre	228.56
Net return per acre	227.23

Lbr & mgt charge per acre	25.79
Net return over lbr & mgt	201.44
Government payments	22.21
Net return with govt payments	223.66

Cost of Production
Total direct expense per ton	21.58
Total dir & ovhd exp per ton	48.75
With labor & management	54.26
Total exp less govt & oth income	49.52

Est. labor hours per acre	3.00