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

	Avg. Of
	All Farms

Number of fields	23
Number of farms	19

Acres	154.17
Yield per acre (bu.)	38.23
Operators share of yield %	100.00
Value per bu.	5.40
Total product return per acre	206.53
Miscellaneous income per acre	18.24
Gross return per acre	224.77

Direct Expenses
Seed	25.12
Fertilizer	5.44
Crop chemicals	16.46
Crop insurance	10.01
Irrigation energy	10.14
Fuel & oil	12.48
Repairs	17.82
Custom hire	5.81
Land rent	93.35
Machinery & bldg leases	3.26
Hauling and trucking	0.82
Marketing	0.42
Operating interest	3.67
Miscellaneous	2.75
Total direct expenses per acre	207.55
Return over direct exp per acre	17.22

Overhead Expenses
Custom hire	0.55
Hired labor	12.50
Machinery & bldg leases	1.52
Farm insurance	4.18
Utilities	1.52
Dues & professional fees	1.93
Interest	4.99
Mach & bldg depreciation	21.65
Miscellaneous	2.40
Total overhead expenses per acre	51.24
Total dir & ovhd expenses per acre	258.80
Net return per acre	-34.02

Lbr & mgt charge per acre	17.43
Net return over lbr & mgt	-51.45
Government payments	25.77
Net return with govt payments	-25.68

Cost of Production
Total direct expense per bu.	5.43
Total dir & ovhd exp per bu.	6.77
With labor & management	7.22
Total exp less govt & oth income	6.07

Est. labor hours per acre	2.54