Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	453	87	97	88	91	90
Number of farms	407	81	81	82	81	82

Acres	46.41	52.11	41.33	42.70	48.22	48.18
Yield per acre (ton)	3.79	2.55	3.30	3.88	4.20	5.05
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	69.79	53.64	65.91	67.93	73.79	78.54
Other product return per acre	0.06	0.27	-	-	-	-
Total product return per acre	264.70	137.13	217.80	263.26	310.11	396.73
Miscellaneous income per acre	4.60	6.79	2.96	0.15	12.09	0.12
Gross return per acre	269.30	143.92	220.76	263.41	322.20	396.85

Direct Expenses
Seed	3.77	7.02	5.13	4.18	0.92	1.66
Fertilizer	14.64	16.23	15.87	15.28	16.08	9.85
Crop chemicals	2.53	1.55	4.36	1.91	2.91	2.02
Crop insurance	1.31	1.49	1.18	0.54	1.56	1.66
Fuel & oil	13.47	12.91	13.37	12.36	13.76	14.80
Repairs	25.76	21.87	26.74	26.99	27.57	26.00
Custom hire	9.52	13.43	13.22	9.90	4.98	6.28
Hired labor	0.56	0.16	0.33	0.18	0.32	1.73
Land rent	60.53	52.20	56.71	64.15	66.46	63.66
Machinery & bldg leases	0.58	-	1.58	0.98	0.00	0.52
Operating interest	6.06	5.81	5.03	4.79	8.66	5.74
Miscellaneous	3.25	3.28	3.73	2.74	2.80	3.67
Total direct expenses per acre	141.98	135.95	147.25	144.00	146.02	137.59
Return over direct exp per acre	127.32	7.96	73.51	119.41	176.18	259.26

Overhead Expenses
Custom hire	0.51	1.46	0.77	0.15	0.06	0.03
Hired labor	7.97	5.46	8.80	6.86	8.75	9.99
Machinery & bldg leases	4.70	5.74	3.61	1.57	5.46	6.57
Farm insurance	3.31	2.96	3.37	3.66	3.26	3.37
Utilities	2.96	2.96	2.79	3.20	3.18	2.72
Dues & professional fees	0.75	1.33	0.57	0.55	0.63	0.60
Interest	10.51	8.68	8.11	10.44	11.55	13.67
Mach & bldg depreciation	22.67	17.19	22.76	22.93	23.99	26.73
Miscellaneous	5.59	4.10	5.46	6.24	4.92	7.39
Total overhead expenses per acre	58.97	49.87	56.22	55.60	61.81	71.07
Total dir & ovhd expenses per acre	200.95	185.83	203.46	199.59	207.83	208.67
Net return per acre	68.35	-41.91	17.30	63.82	114.37	188.18

Lbr & mgt charge per acre	26.13	25.09	28.48	25.44	24.16	27.63
Net return over lbr & mgt	42.22	-67.00	-11.18	38.38	90.21	160.56
Government payments	25.44	25.19	27.66	22.36	25.78	25.96
Net return with govt payments	67.66	-41.81	16.48	60.74	115.99	186.52

Cost of Production
Total direct expense per ton	37.44	53.29	44.56	37.16	34.74	27.24
Total dir & ovhd exp per ton	53.00	72.83	61.57	51.51	49.45	41.31
With labor & management	59.89	82.67	70.19	58.07	55.20	46.78
Total exp less govt & oth income	51.95	70.03	60.92	52.26	46.19	41.61

Est. labor hours per acre	3.41	2.92	3.55	3.80	3.46	3.39