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

	Avg. Of
	All Farms

Number of fields	16
Number of farms	15

Acres	131.13
Yield per acre (cwt.)	12.87
Operators share of yield %	100.00
Value per cwt.	14.11
Total product return per acre	181.67
Miscellaneous income per acre	17.89
Gross return per acre	199.56

Direct Expenses
Seed	19.12
Fertilizer	28.54
Crop chemicals	14.66
Crop insurance	10.95
Drying fuel	0.88
Fuel & oil	11.56
Repairs	18.72
Custom hire	4.38
Hired labor	0.16
Land rent	48.34
Machinery & bldg leases	0.16
Hauling and trucking	0.91
Operating interest	3.75
Miscellaneous	0.12
Total direct expenses per acre	162.27
Return over direct exp per acre	37.28

Overhead Expenses
Custom hire	1.30
Hired labor	4.20
Machinery & bldg leases	2.06
Farm insurance	1.51
Utilities	1.91
Dues & professional fees	1.37
Interest	3.34
Mach & bldg depreciation	10.91
Miscellaneous	2.15
Total overhead expenses per acre	28.76
Total dir & ovhd expenses per acre	191.03
Net return per acre	8.53

Lbr & mgt charge per acre	18.29
Net return over lbr & mgt	-9.76
Government payments	14.87
Net return with govt payments	5.11

Cost of Production
Total direct expense per cwt.	12.61
Total dir & ovhd exp per cwt.	14.84
With labor & management	16.26
Total exp less govt & oth income	13.72

Est. labor hours per acre	1.59