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

	Avg. Of
	All Farms

Number of fields	11
Number of farms	11

Acres	35.95
Yield per acre (ton)	5.08
Operators share of yield %	100.00
Value per ton	21.39
Total product return per acre	108.54
Miscellaneous income per acre	-
Gross return per acre	108.54

Direct Expenses
Seed	12.30
Fertilizer	8.75
Fuel & oil	16.51
Repairs	41.39
Custom hire	3.03
Land rent	39.60
Operating interest	1.55
Miscellaneous	2.55
Total direct expenses per acre	125.68
Return over direct exp per acre	-17.13

Overhead Expenses
Custom hire	3.26
Hired labor	10.88
Machinery & bldg leases	0.41
Farm insurance	3.28
Utilities	1.84
Dues & professional fees	0.44
Interest	4.92
Mach & bldg depreciation	15.39
Miscellaneous	2.89
Total overhead expenses per acre	43.31
Total dir & ovhd expenses per acre	168.99
Net return per acre	-60.45

Lbr & mgt charge per acre	16.91
Net return over lbr & mgt	-77.36
Government payments	9.53
Net return with govt payments	-67.82

Cost of Production
Total direct expense per ton	24.76
Total dir & ovhd exp per ton	33.30
With labor & management	36.63
Total exp less govt & oth income	34.75

Est. labor hours per acre	2.90