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

	Avg. Of
	All Farms

Number of fields	11
Number of farms	11

Acres	19.73
Yield per acre (bu.)	74.29
Operators share of yield %	100.00
Value per bu.	1.67
Other product return per acre	16.56
Total product return per acre	140.44
Miscellaneous income per acre	31.86
Gross return per acre	172.30

Direct Expenses
Seed	27.89
Fertilizer	3.50
Crop chemicals	0.36
Crop insurance	1.35
Fuel & oil	6.06
Repairs	17.12
Custom hire	2.68
Land rent	90.83
Operating interest	1.57
Miscellaneous	2.82
Total direct expenses per acre	154.17
Return over direct exp per acre	18.13

Overhead Expenses
Custom hire	5.50
Hired labor	2.55
Machinery & bldg leases	6.70
Farm insurance	1.44
Utilities	2.07
Dues & professional fees	0.95
Interest	2.28
Mach & bldg depreciation	8.63
Miscellaneous	2.95
Total overhead expenses per acre	33.06
Total dir & ovhd expenses per acre	187.23
Net return per acre	-14.94

Lbr & mgt charge per acre	14.13
Net return over lbr & mgt	-29.07
Government payments	20.90
Net return with govt payments	-8.17

Cost of Production
Total direct expense per bu.	2.08
Total dir & ovhd exp per bu.	2.52
With labor & management	2.71
Total exp less govt & oth income	1.78

Est. labor hours per acre	2.25