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

	Avg. Of
	All Farms

Number of fields	6
Number of farms	5

Acres	45.65
Yield per acre (ton)	1.37
Operators share of yield %	100.00
Value per ton	56.21
Total product return per acre	77.26
Miscellaneous income per acre	-
Gross return per acre	77.26

Direct Expenses
Seed	41.89
Fertilizer	37.79
Crop chemicals	3.09
Crop insurance	1.46
Fuel & oil	7.50
Repairs	13.30
Custom hire	9.98
Land rent	36.59
Machinery & bldg leases	10.41
Operating interest	0.87
Miscellaneous	0.78
Total direct expenses per acre	163.66
Return over direct exp per acre	-86.39

Overhead Expenses
Custom hire	2.57
Hired labor	7.06
Farm insurance	2.09
Utilities	0.50
Interest	3.01
Mach & bldg depreciation	6.46
Miscellaneous	1.35
Total overhead expenses per acre	23.03
Total dir & ovhd expenses per acre	186.69
Net return per acre	-109.42

Lbr & mgt charge per acre	12.73
Net return over lbr & mgt	-122.16
Government payments	13.07
Net return with govt payments	-109.09

Cost of Production
Total direct expense per ton	119.06
Total dir & ovhd exp per ton	135.81
With labor & management	145.08
Total exp less govt & oth income	135.57

Est. labor hours per acre	2.89