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

	Avg. Of
	All Farms

Number of fields	8
Number of farms	7

Acres	42.03
Yield per acre (ton)	3.68
Operators share of yield %	100.00
Value per ton	71.22
Total product return per acre	261.83
Miscellaneous income per acre	-
Gross return per acre	261.83

Direct Expenses
Fertilizer	25.73
Crop insurance	0.15
Fuel & oil	9.74
Repairs	21.95
Custom hire	21.20
Land rent	41.51
Operating interest	1.53
Miscellaneous	2.24
Total direct expenses per acre	124.03
Return over direct exp per acre	137.80

Overhead Expenses
Custom hire	0.91
Hired labor	5.13
Machinery & bldg leases	1.40
Farm insurance	2.40
Utilities	1.54
Dues & professional fees	0.53
Interest	2.62
Mach & bldg depreciation	18.02
Miscellaneous	3.86
Total overhead expenses per acre	36.40
Total dir & ovhd expenses per acre	160.43
Net return per acre	101.40

Lbr & mgt charge per acre	16.77
Net return over lbr & mgt	84.63
Government payments	12.51
Net return with govt payments	97.14

Cost of Production
Total direct expense per ton	33.74
Total dir & ovhd exp per ton	43.64
With labor & management	48.20
Total exp less govt & oth income	44.80

Est. labor hours per acre	2.55