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

	Avg. Of
	All Farms

Number of fields	6
Number of farms	6

Acres	43.17
Yield per acre (ton)	2.87
Operators share of yield %	100.00
Value per ton	55.66
Total product return per acre	159.87
Miscellaneous income per acre	-
Gross return per acre	159.87

Direct Expenses
Seed	42.60
Fertilizer	30.09
Crop chemicals	2.02
Crop insurance	1.25
Fuel & oil	12.22
Repairs	14.30
Custom hire	2.11
Machinery & bldg leases	0.39
Operating interest	4.31
Miscellaneous	3.72
Total direct expenses per acre	113.01
Return over direct exp per acre	46.86

Overhead Expenses
Custom hire	3.80
Hired labor	7.18
Machinery & bldg leases	4.97
RE & pers. property taxes	11.80
Farm insurance	2.85
Utilities	1.51
Dues & professional fees	0.30
Interest	30.43
Mach & bldg depreciation	19.30
Miscellaneous	2.13
Total overhead expenses per acre	84.25
Total dir & ovhd expenses per acre	197.26
Net return per acre	-37.38

Lbr & mgt charge per acre	22.03
Net return over lbr & mgt	-59.41
Government payments	15.01
Net return with govt payments	-44.40

Cost of Production
Total direct expense per ton	39.34
Total dir & ovhd exp per ton	68.67
With labor & management	76.34
Total exp less govt & oth income	71.11

Est. labor hours per acre	3.22