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

	Avg. Of
	All Farms

Number of fields	10
Number of farms	10

Acres	18.12
Yield per acre (ton)	8.34
Operators share of yield %	100.00
Value per ton	15.85
Total product return per acre	132.13
Miscellaneous income per acre	-
Gross return per acre	132.13

Direct Expenses
Seed	12.23
Fertilizer	9.49
Crop insurance	0.35
Fuel & oil	11.14
Repairs	17.08
Custom hire	2.36
Operating interest	1.12
Miscellaneous	2.72
Total direct expenses per acre	56.50
Return over direct exp per acre	75.63

Overhead Expenses
Custom hire	0.40
Hired labor	4.34
Machinery & bldg leases	0.27
RE & pers. property taxes	5.44
Farm insurance	3.41
Utilities	1.89
Dues & professional fees	0.34
Interest	22.64
Mach & bldg depreciation	17.62
Miscellaneous	2.75
Total overhead expenses per acre	59.11
Total dir & ovhd expenses per acre	115.61
Net return per acre	16.52

Lbr & mgt charge per acre	19.35
Net return over lbr & mgt	-2.83
Government payments	14.21
Net return with govt payments	11.38

Cost of Production
Total direct expense per ton	6.78
Total dir & ovhd exp per ton	13.87
With labor & management	16.19
Total exp less govt & oth income	14.48

Est. labor hours per acre	2.41