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

	Avg. Of
	All Farms

Number of fields	8
Number of farms	7

Acres	84.20
Yield per acre (bu.)	42.49
Operators share of yield %	100.00
Value per bu.	5.74
Total product return per acre	243.90
Miscellaneous income per acre	7.82
Gross return per acre	251.72

Direct Expenses
Seed	22.89
Fertilizer	9.50
Crop chemicals	22.83
Crop insurance	13.90
Fuel & oil	10.28
Repairs	15.90
Custom hire	7.04
Hauling and trucking	0.86
Operating interest	5.81
Total direct expenses per acre	109.00
Return over direct exp per acre	142.73

Overhead Expenses
Custom hire	2.25
Hired labor	6.55
Machinery & bldg leases	6.50
RE & pers. property taxes	12.74
Farm insurance	7.12
Utilities	3.33
Dues & professional fees	2.10
Interest	66.55
Mach & bldg depreciation	25.26
Miscellaneous	2.83
Total overhead expenses per acre	135.23
Total dir & ovhd expenses per acre	244.22
Net return per acre	7.50

Lbr & mgt charge per acre	28.88
Net return over lbr & mgt	-21.37
Government payments	28.38
Net return with govt payments	7.01

Cost of Production
Total direct expense per bu.	2.57
Total dir & ovhd exp per bu.	5.75
With labor & management	6.43
Total exp less govt & oth income	5.58

Est. labor hours per acre	2.21