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

	Avg. Of
	All Farms

Number of fields	10
Number of farms	7

Acres	31.24
Yield per acre (ton)	3.20
Operators share of yield %	100.00
Value per ton	57.25
Total product return per acre	183.11
Miscellaneous income per acre	-
Gross return per acre	183.11

Direct Expenses
Fertilizer	32.59
Fuel & oil	10.12
Repairs	19.41
Custom hire	22.31
Operating interest	1.08
Miscellaneous	2.71
Total direct expenses per acre	88.23
Return over direct exp per acre	94.88

Overhead Expenses
Custom hire	1.06
Hired labor	2.02
Machinery & bldg leases	0.24
RE & pers. property taxes	5.62
Farm insurance	1.91
Utilities	1.75
Dues & professional fees	0.82
Interest	23.83
Mach & bldg depreciation	14.86
Miscellaneous	2.63
Total overhead expenses per acre	54.75
Total dir & ovhd expenses per acre	142.98
Net return per acre	40.13

Lbr & mgt charge per acre	13.93
Net return over lbr & mgt	26.20
Government payments	10.10
Net return with govt payments	36.30

Cost of Production
Total direct expense per ton	27.58
Total dir & ovhd exp per ton	44.70
With labor & management	49.05
Total exp less govt & oth income	45.90

Est. labor hours per acre	2.01