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

	Avg. Of
	All Farms

Number of fields	5
Number of farms	5

Acres	212.64
Yield per acre (bu.)	13.03
Operators share of yield %	100.00
Value per bu.	6.63
Total product return per acre	86.35
Miscellaneous income per acre	102.39
Gross return per acre	188.73

Direct Expenses
Fertilizer	4.36
Crop chemicals	29.42
Crop insurance	12.88
Fuel & oil	9.85
Repairs	19.64
Custom hire	0.14
Operating interest	7.38
Total direct expenses per acre	83.65
Return over direct exp per acre	105.08

Overhead Expenses
Custom hire	3.63
Hired labor	4.54
Machinery & bldg leases	8.36
RE & pers. property taxes	8.95
Farm insurance	4.97
Utilities	2.76
Dues & professional fees	2.30
Interest	30.60
Mach & bldg depreciation	13.37
Miscellaneous	2.56
Total overhead expenses per acre	82.04
Total dir & ovhd expenses per acre	165.69
Net return per acre	23.04

Lbr & mgt charge per acre	21.00
Net return over lbr & mgt	2.05
Government payments	16.51
Net return with govt payments	18.56

Cost of Production
Total direct expense per bu.	6.42
Total dir & ovhd exp per bu.	12.72
With labor & management	14.33
Total exp less govt & oth income	5.20

Est. labor hours per acre	1.67