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

	Avg. Of
	All Farms

Number of fields	6
Number of farms	6

Acres	32.17
Yield per acre (ton)	3.02
Operators share of yield %	100.00
Value per ton	67.13
Total product return per acre	202.84
Miscellaneous income per acre	20.01
Gross return per acre	222.85

Direct Expenses
Fertilizer	16.81
Crop insurance	0.13
Fuel & oil	11.34
Repairs	24.42
Custom hire	5.39
Land rent	25.86
Operating interest	2.69
Miscellaneous	3.87
Total direct expenses per acre	90.50
Return over direct exp per acre	132.35

Overhead Expenses
Custom hire	1.02
Hired labor	1.91
Machinery & bldg leases	1.40
Farm insurance	2.52
Utilities	2.57
Dues & professional fees	0.46
Interest	5.58
Mach & bldg depreciation	20.32
Miscellaneous	1.18
Total overhead expenses per acre	36.97
Total dir & ovhd expenses per acre	127.47
Net return per acre	95.38

Lbr & mgt charge per acre	26.11
Net return over lbr & mgt	69.27
Government payments	9.23
Net return with govt payments	78.51

Cost of Production
Total direct expense per ton	29.95
Total dir & ovhd exp per ton	42.19
With labor & management	50.83
Total exp less govt & oth income	41.15

Est. labor hours per acre	4.70