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

	Avg. Of
	All Farms

Number of fields	6
Number of farms	6

Acres	81.57
Yield per acre (bu.)	29.49
Operators share of yield %	100.00
Value per bu.	2.96
Total product return per acre	87.28
Miscellaneous income per acre	29.53
Gross return per acre	116.81

Direct Expenses
Seed	7.61
Fertilizer	4.62
Crop insurance	0.68
Drying fuel	0.85
Fuel & oil	5.72
Repairs	12.81
Custom hire	0.76
Land rent	24.40
Machinery & bldg leases	6.60
Hauling and trucking	3.44
Operating interest	2.04
Miscellaneous	0.70
Total direct expenses per acre	70.23
Return over direct exp per acre	46.58

Overhead Expenses
Custom hire	0.33
Hired labor	2.53
Machinery & bldg leases	0.61
Farm insurance	1.38
Utilities	0.56
Dues & professional fees	0.46
Interest	0.90
Mach & bldg depreciation	6.46
Miscellaneous	0.62
Total overhead expenses per acre	13.85
Total dir & ovhd expenses per acre	84.08
Net return per acre	32.73

Lbr & mgt charge per acre	10.04
Net return over lbr & mgt	22.69
Government payments	17.20
Net return with govt payments	39.89

Cost of Production
Total direct expense per bu.	2.38
Total dir & ovhd exp per bu.	2.85
With labor & management	3.19
Total exp less govt & oth income	1.61

Est. labor hours per acre	1.39