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

	Avg. Of
	All Farms

Number of fields	5
Number of farms	5

Acres	84.68
Yield per acre (cwt.)	183.80
Operators share of yield %	100.00
Value per cwt.	4.74
Total product return per acre	871.42
Miscellaneous income per acre	186.17
Gross return per acre	1,057.58

Direct Expenses
Seed	100.39
Fertilizer	71.16
Crop chemicals	144.31
Crop insurance	33.22
Fuel & oil	77.66
Repairs	90.23
Custom hire	12.81
Land rent	48.39
Stock/quota lease	2.68
Operating interest	36.72
Miscellaneous	20.17
Total direct expenses per acre	637.73
Return over direct exp per acre	419.86

Overhead Expenses
Custom hire	30.82
Hired labor	113.42
Machinery & bldg leases	10.90
Farm insurance	9.74
Utilities	11.00
Dues & professional fees	1.71
Interest	18.36
Mach & bldg depreciation	107.74
Miscellaneous	77.04
Total overhead expenses per acre	380.74
Total dir & ovhd expenses per acre	1,018.47
Net return per acre	39.12

Lbr & mgt charge per acre	92.43
Net return over lbr & mgt	-53.32
Government payments	-
Net return with govt payments	-53.32

Cost of Production
Total direct expense per cwt.	3.47
Total dir & ovhd exp per cwt.	5.54
With labor & management	6.04
Total exp less govt & oth income	5.03

Est. labor hours per acre	15.06