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

	Avg. Of
	All Farms

Number of fields	10
Number of farms	10

Acres	24.75
Yield per acre (ton)	2.50
Operators share of yield %	100.00
Value per ton	40.98
Total product return per acre	102.41
Miscellaneous income per acre	5.88
Gross return per acre	108.30

Direct Expenses
Seed	13.43
Fertilizer	13.56
Crop insurance	3.04
Irrigation energy	0.31
Fuel & oil	12.51
Repairs	22.74
Operating interest	3.54
Miscellaneous	3.54
Total direct expenses per acre	72.67
Return over direct exp per acre	35.62

Overhead Expenses
Custom hire	4.19
Hired labor	9.54
Machinery & bldg leases	0.91
RE & pers. property taxes	7.92
Farm insurance	5.78
Utilities	3.12
Dues & professional fees	0.51
Interest	33.98
Mach & bldg depreciation	23.19
Miscellaneous	3.87
Total overhead expenses per acre	93.00
Total dir & ovhd expenses per acre	165.68
Net return per acre	-57.38

Lbr & mgt charge per acre	22.86
Net return over lbr & mgt	-80.23
Government payments	14.99
Net return with govt payments	-65.25

Cost of Production
Total direct expense per ton	29.08
Total dir & ovhd exp per ton	66.29
With labor & management	75.43
Total exp less govt & oth income	67.08

Est. labor hours per acre	3.67