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

	Avg. Of
	All Farms

Number of fields	14
Number of farms	13

Acres	50.04
Yield per acre (bu.)	21.95
Operators share of yield %	100.00
Value per bu.	5.48
Total product return per acre	120.21
Miscellaneous income per acre	4.72
Gross return per acre	124.93

Direct Expenses
Seed	23.52
Crop chemicals	11.33
Crop insurance	2.78
Fuel & oil	12.59
Repairs	13.17
Custom hire	2.81
Land rent	46.97
Machinery & bldg leases	0.38
Operating interest	4.26
Total direct expenses per acre	117.92
Return over direct exp per acre	7.01

Overhead Expenses
Custom hire	2.24
Hired labor	5.72
Machinery & bldg leases	0.91
Farm insurance	3.38
Utilities	1.92
Dues & professional fees	1.03
Interest	3.61
Mach & bldg depreciation	17.45
Miscellaneous	4.85
Total overhead expenses per acre	41.09
Total dir & ovhd expenses per acre	159.02
Net return per acre	-34.08

Lbr & mgt charge per acre	20.26
Net return over lbr & mgt	-54.34
Government payments	14.61
Net return with govt payments	-39.73

Cost of Production
Total direct expense per bu.	5.37
Total dir & ovhd exp per bu.	7.24
With labor & management	8.17
Total exp less govt & oth income	7.29

Est. labor hours per acre	1.67