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

	Avg. Of
	All Farms

Number of fields	12
Number of farms	11

Acres	287.98
Yield per acre (cwt.)	7.34
Operators share of yield %	100.00
Value per cwt.	17.66
Total product return per acre	129.68
Miscellaneous income per acre	80.13
Gross return per acre	209.81

Direct Expenses
Seed	22.73
Fertilizer	28.29
Crop chemicals	24.63
Crop insurance	11.04
Drying fuel	2.38
Fuel & oil	11.95
Repairs	19.08
Custom hire	4.54
Land rent	60.06
Machinery & bldg leases	0.45
Operating interest	3.07
Total direct expenses per acre	188.31
Return over direct exp per acre	21.50

Overhead Expenses
Custom hire	2.69
Hired labor	8.14
Machinery & bldg leases	2.65
Farm insurance	4.03
Utilities	2.29
Dues & professional fees	2.21
Interest	3.64
Mach & bldg depreciation	13.63
Miscellaneous	1.44
Total overhead expenses per acre	40.72
Total dir & ovhd expenses per acre	229.03
Net return per acre	-19.22

Lbr & mgt charge per acre	20.11
Net return over lbr & mgt	-39.33
Government payments	14.67
Net return with govt payments	-24.66

Cost of Production
Total direct expense per cwt.	25.64
Total dir & ovhd exp per cwt.	31.19
With labor & management	33.93
Total exp less govt & oth income	21.02

Est. labor hours per acre	1.62