Farm Business Management -- Reports -- South Central Minnesota

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

Number of fields	42	7	7	7	9	6
Number of farms	32	6	5	6	5	6

Acres	97.52	99.19	124.41	116.73	71.98	57.37
Yield per acre (bushel)	45.58	37.64	41.96	49.14	49.16	52.82
Operators share of yield %	51.78	48.65	51.91	50.41	51.49	63.17
Value per bushel	5.15	5.15	5.15	5.15	5.15	5.15
Total product return per acre	121.31	91.22	111.61	127.42	130.11	172.02
Miscellaneous income per acre	2.33	4.46	2.01	-	2.34	9.18
Gross return per acre	123.64	95.67	113.62	127.42	132.45	181.20

Direct Expenses
Seed	10.84	10.72	11.91	9.23	12.42	12.35
Crop chemicals	12.82	12.05	14.90	15.69	9.60	18.39
Crop insurance	6.20	7.38	5.12	5.59	5.16	4.07
Irrigation energy	0.17	0.99	-	-	-	-
Fuel & oil	10.56	11.57	10.21	11.39	10.35	9.70
Repairs	15.99	16.84	15.42	16.06	10.53	14.31
Custom hire	1.33	0.94	2.97	0.80	0.93	2.07
Hired labor	0.25	0.63	-	-	-	1.74
Machinery & bldg leases	1.11	-	-	5.55	-	-
Utilities	0.22	1.05	-	-	-	0.50
Marketing	0.24	0.20	0.19	0.36	0.35	0.52
Operating interest	7.91	12.34	8.96	5.76	5.32	10.13
Miscellaneous	0.67	1.22	0.40	1.20	0.21	1.25
Total direct expenses per acre	68.31	75.94	70.08	71.62	54.87	75.04
Return over direct exp per acre	55.33	19.74	43.55	55.80	77.59	106.16

Overhead Expenses
Custom hire	0.11	-	-	-	0.72	-
Hired labor	3.66	4.10	0.52	8.91	4.80	0.61
Machinery & bldg leases	1.07	1.22	0.12	1.20	2.12	1.29
Farm insurance	2.59	4.48	0.34	3.21	2.22	2.54
Utilities	2.81	3.43	2.17	2.10	3.41	2.07
Dues & professional fees	1.17	1.18	1.62	1.44	1.87	0.44
Interest	6.26	6.05	7.43	2.69	5.60	7.75
Mach & bldg depreciation	15.94	17.24	3.37	7.80	24.38	34.27
Miscellaneous	3.53	4.42	2.62	6.45	1.46	1.68
Total overhead expenses per acre	37.12	42.12	18.19	33.80	46.58	50.66
Total dir & ovhd expenses per acre	105.43	118.06	88.26	105.43	101.44	125.69
Net return per acre	18.21	-22.38	25.36	22.00	31.01	55.50

Lbr & mgt charge per acre	24.58	25.58	24.71	27.32	20.82	23.61
Net return over lbr & mgt	-6.37	-47.96	0.65	-5.33	10.19	31.89
Government payments	22.86	20.29	21.28	25.91	20.04	26.59
Net return with govt payments	16.49	-27.67	21.93	20.58	30.23	58.49

Cost of Production
Total direct expense per bushel	2.89	4.15	3.22	2.89	2.17	2.25
Total dir & ovhd exp per bushel	4.47	6.45	4.05	4.26	4.01	3.77
With labor & management	5.51	7.84	5.19	5.36	4.83	4.47
Total exp less govt & oth income	4.44	6.49	4.12	4.31	3.95	3.40

Est. labor hours per acre	2.60	3.51	2.22	3.35	2.27	1.54