Farm Business Management -- Reports -- South Central Minnesota

	Avg. Of
	All Farms	Low 20%	20 - 40%	40 - 60%	60 - 80%	High 20%

Number of fields	276	54	53	53	58	58
Number of farms	265	53	53	52	54	53

Acres	99.87	89.20	97.55	96.22	114.40	100.75
Yield per acre (bushel)	48.36	40.13	46.92	47.91	50.08	54.85
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	5.15	5.15	5.15	5.15	5.15	5.15
Total product return per acre	249.02	206.62	241.62	246.72	257.91	282.42
Miscellaneous income per acre	9.06	6.90	2.27	5.78	9.74	18.93
Gross return per acre	258.08	213.52	243.88	252.50	267.65	301.36

Direct Expenses
Seed	18.45	18.24	20.66	17.81	17.26	18.56
Fertilizer	2.59	2.48	2.49	1.59	3.49	2.63
Crop chemicals	21.73	24.75	21.99	21.25	20.95	20.32
Crop insurance	9.92	10.29	11.48	9.27	9.51	9.26
Fuel & oil	10.04	10.69	10.08	10.46	9.93	9.23
Repairs	20.33	21.56	22.35	21.17	19.68	17.53
Custom hire	3.39	5.02	5.54	2.50	2.46	1.97
Hired labor	0.55	2.16	0.62	0.13	0.02	0.14
Machinery & bldg leases	0.78	3.01	0.25	0.67	0.31	0.06
Utilities	0.29	1.01	0.14	0.20	0.05	0.17
Marketing	0.97	1.50	0.80	1.84	0.52	0.44
Operating interest	8.26	13.77	10.26	8.95	5.73	4.21
Miscellaneous	1.05	1.62	0.84	2.08	0.55	0.46
Total direct expenses per acre	98.47	116.59	107.65	97.91	90.47	84.96
Return over direct exp per acre	159.61	96.94	136.24	154.59	177.17	216.39

Overhead Expenses
Hired labor	5.27	1.27	3.11	3.63	5.29	11.91
Machinery & bldg leases	2.35	0.99	1.70	1.97	3.77	2.74
RE & pers. property taxes	15.05	15.24	14.05	13.60	14.99	17.10
Farm insurance	3.68	4.06	3.57	3.74	3.46	3.68
Utilities	2.73	3.09	3.18	2.03	2.57	2.83
Dues & professional fees	0.66	0.65	0.69	0.39	0.82	0.71
Interest	50.68	59.69	50.42	61.38	43.43	42.35
Mach & bldg depreciation	24.17	16.93	20.94	22.89	29.20	28.42
Miscellaneous	3.96	4.23	3.80	4.23	3.87	3.76
Total overhead expenses per acre	108.55	106.14	101.45	113.86	107.40	113.51
Total dir & ovhd expenses per acre	207.02	222.73	209.10	211.78	197.87	198.47
Net return per acre	51.06	-9.20	34.79	40.72	69.78	102.88

Lbr & mgt charge per acre	27.64	36.82	28.36	23.31	25.15	26.07
Net return over lbr & mgt	23.41	-46.02	6.43	17.42	44.63	76.81
Government payments	39.21	38.15	40.16	39.75	38.01	40.15
Net return with govt payments	62.62	-7.88	46.59	57.16	82.64	116.97

Cost of Production
Total direct expense per bushel	2.04	2.91	2.29	2.04	1.81	1.55
Total dir & ovhd exp per bushel	4.28	5.55	4.46	4.42	3.95	3.62
With labor & management	4.85	6.47	5.06	4.91	4.45	4.09
Total exp less govt & oth income	3.85	5.35	4.16	3.96	3.50	3.02

Est. labor hours per acre	2.54	2.74	2.55	2.14	2.65	2.60