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

	Avg. Of
	All Farms

Number of fields	21
Number of farms	11

Acres	119.51
Yield per acre (bu.)	41.58
Operators share of yield %	100.00
Value per bu.	5.81
Total product return per acre	241.68
Miscellaneous income per acre	16.16
Gross return per acre	257.84

Direct Expenses
Seed	24.53
Fertilizer	9.64
Crop chemicals	20.54
Crop insurance	15.19
Drying fuel	0.14
Fuel & oil	12.23
Repairs	15.15
Custom hire	5.50
Land rent	115.28
Hauling and trucking	1.32
Marketing	0.11
Operating interest	9.00
Miscellaneous	0.20
Total direct expenses per acre	228.82
Return over direct exp per acre	29.01

Overhead Expenses
Custom hire	3.17
Hired labor	5.56
Machinery & bldg leases	5.43
Farm insurance	5.02
Utilities	3.05
Dues & professional fees	2.18
Interest	5.91
Mach & bldg depreciation	13.12
Miscellaneous	3.59
Total overhead expenses per acre	47.03
Total dir & ovhd expenses per acre	275.86
Net return per acre	-18.02

Lbr & mgt charge per acre	23.50
Net return over lbr & mgt	-41.52
Government payments	29.16
Net return with govt payments	-12.36

Cost of Production
Total direct expense per bu.	5.50
Total dir & ovhd exp per bu.	6.63
With labor & management	7.20
Total exp less govt & oth income	6.11

Est. labor hours per acre	2.16