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

	Avg. Of
	All Farms

Number of fields	11
Number of farms	10

Acres	21.50
Yield per acre (ton)	2.40
Operators share of yield %	100.00
Value per ton	46.98
Total product return per acre	112.75
Miscellaneous income per acre	1.30
Gross return per acre	114.05

Direct Expenses
Seed	17.95
Fertilizer	23.54
Crop chemicals	1.97
Crop insurance	0.44
Fuel & oil	11.10
Repairs	13.95
Custom hire	2.21
Land rent	19.53
Operating interest	2.32
Miscellaneous	2.70
Total direct expenses per acre	95.71
Return over direct exp per acre	18.34

Overhead Expenses
Custom hire	1.37
Hired labor	1.32
Machinery & bldg leases	0.86
Farm insurance	2.56
Utilities	1.36
Interest	5.97
Mach & bldg depreciation	15.43
Miscellaneous	3.56
Total overhead expenses per acre	32.42
Total dir & ovhd expenses per acre	128.13
Net return per acre	-14.08

Lbr & mgt charge per acre	20.48
Net return over lbr & mgt	-34.56
Government payments	5.64
Net return with govt payments	-28.92

Cost of Production
Total direct expense per ton	39.89
Total dir & ovhd exp per ton	53.39
With labor & management	61.93
Total exp less govt & oth income	59.04

Est. labor hours per acre	2.86