Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	499	102	99	102	98	98
Number of farms	470	94	94	93	95	94

Acres	50.42	53.36	46.97	48.92	55.93	46.88
Yield per acre (ton)	3.85	2.62	3.24	3.94	4.43	5.13
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	70.20	54.91	66.50	70.62	73.58	77.96
Other product return per acre	0.15	0.68	-	-	-	-
Total product return per acre	270.20	144.43	215.30	278.03	325.91	399.81
Miscellaneous income per acre	0.69	0.79	0.61	1.31	0.54	0.15
Gross return per acre	270.89	145.22	215.91	279.34	326.46	399.95

Direct Expenses
Seed	3.72	2.98	2.92	6.12	5.00	1.27
Fertilizer	13.46	14.05	10.96	17.68	12.08	12.36
Crop chemicals	2.52	1.30	2.81	2.20	3.00	3.44
Crop insurance	0.94	1.11	0.47	0.64	0.96	1.51
Fuel & oil	14.86	16.64	14.57	13.55	14.02	15.49
Repairs	30.85	34.32	31.87	28.93	30.46	28.22
Custom hire	7.31	6.49	9.12	11.00	4.82	5.39
Hired labor	0.25	0.64	0.31	0.06	0.10	0.12
Machinery & bldg leases	0.28	0.10	0.04	0.05	0.85	0.30
Marketing	0.12	0.50	0.04	0.00	0.00	0.04
Operating interest	5.37	6.30	4.86	5.60	4.88	5.14
Miscellaneous	3.37	4.35	1.86	4.54	3.49	2.35
Total direct expenses per acre	83.07	88.78	79.84	90.37	79.74	75.62
Return over direct exp per acre	187.82	56.44	136.07	188.96	246.72	324.33

Overhead Expenses
Custom hire	0.83	2.47	0.49	0.78	0.10	0.16
Hired labor	9.71	6.37	8.23	11.00	13.29	9.47
Machinery & bldg leases	3.41	1.27	7.63	2.31	2.64	3.79
RE & pers. property taxes	6.96	5.24	6.91	7.07	8.28	7.33
Farm insurance	3.91	3.76	4.05	3.82	3.88	4.07
Utilities	3.40	3.65	3.62	3.54	3.59	2.48
Dues & professional fees	0.77	1.03	1.33	0.42	0.48	0.64
Interest	36.52	25.76	34.93	42.69	37.45	43.10
Mach & bldg depreciation	28.36	21.03	30.68	29.12	33.15	28.19
Miscellaneous	4.84	4.04	4.42	4.54	5.99	5.20
Total overhead expenses per acre	98.71	74.61	102.29	105.27	108.86	104.43
Total dir & ovhd expenses per acre	181.78	163.39	182.13	195.64	188.59	180.05
Net return per acre	89.11	-18.17	33.78	83.70	137.86	219.91

Lbr & mgt charge per acre	28.30	28.07	30.90	26.95	28.61	27.04
Net return over lbr & mgt	60.80	-46.24	2.88	56.74	109.25	192.86
Government payments	23.09	23.19	25.21	22.42	23.07	21.59
Net return with govt payments	83.90	-23.05	28.09	79.16	132.32	214.45

Cost of Production
Total direct expense per ton	21.59	33.91	24.66	22.95	18.00	14.75
Total dir & ovhd exp per ton	47.25	62.41	56.26	49.69	42.58	35.11
With labor & management	54.61	73.14	65.80	56.54	49.04	40.38
Total exp less govt & oth income	48.39	63.72	57.83	50.51	43.71	36.15

Est. labor hours per acre	3.98	4.30	3.68	3.49	4.27	4.06