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

	Avg. Of
	All Farms

Number of fields	7
Number of farms	7

Acres	175.30
Yield per acre (cwt.)	8.94
Operators share of yield %	100.00
Value per cwt.	13.49
Total product return per acre	120.55
Miscellaneous income per acre	64.95
Gross return per acre	185.49

Direct Expenses
Seed	19.41
Fertilizer	20.39
Crop chemicals	20.46
Crop insurance	10.29
Drying fuel	0.32
Fuel & oil	14.55
Repairs	18.65
Custom hire	2.81
Machinery & bldg leases	0.16
Operating interest	6.09
Miscellaneous	0.06
Total direct expenses per acre	113.20
Return over direct exp per acre	72.29

Overhead Expenses
Custom hire	7.98
Hired labor	15.95
Machinery & bldg leases	0.71
RE & pers. property taxes	7.54
Farm insurance	5.08
Utilities	3.69
Dues & professional fees	2.12
Interest	35.35
Mach & bldg depreciation	13.99
Miscellaneous	2.95
Total overhead expenses per acre	95.36
Total dir & ovhd expenses per acre	208.56
Net return per acre	-23.07

Lbr & mgt charge per acre	20.73
Net return over lbr & mgt	-43.79
Government payments	11.24
Net return with govt payments	-32.55

Cost of Production
Total direct expense per cwt.	12.66
Total dir & ovhd exp per cwt.	23.33
With labor & management	25.65
Total exp less govt & oth income	17.13

Est. labor hours per acre	2.37