Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	66	13	13	12	13	12
Number of farms	60	12	12	11	12	12

Acres	120.83	165.52	78.65	163.49	85.74	115.52
Yield per acre (bushel)	61.78	48.83	61.53	61.36	66.66	77.34
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	1.95	1.56	1.59	2.11	1.91	2.41
Total product return per acre	120.68	76.13	97.82	129.47	127.35	186.39
Miscellaneous income per acre	8.67	15.24	1.55	6.96	8.35	8.49
Gross return per acre	129.35	91.37	99.37	136.44	135.69	194.88

Direct Expenses
Seed	7.77	8.00	7.11	8.31	7.72	7.13
Fertilizer	20.60	26.66	22.81	17.62	14.41	18.84
Crop chemicals	16.58	21.56	10.81	18.07	11.37	14.10
Crop insurance	4.42	5.67	3.94	4.38	2.61	4.72
Fuel & oil	7.86	6.23	9.88	9.38	7.76	6.68
Repairs	10.62	8.83	13.41	9.94	11.20	12.62
Custom hire	2.13	0.95	2.71	2.01	2.44	3.95
Land rent	47.59	58.01	37.34	51.58	35.86	45.83
Machinery & bldg leases	0.18	0.66	-	-	-	-
Operating interest	3.41	4.48	2.87	3.48	4.07	1.58
Miscellaneous	0.50	0.58	0.65	0.19	0.94	0.45
Total direct expenses per acre	121.65	141.64	111.53	124.96	98.38	115.89
Return over direct exp per acre	7.69	-50.27	-12.16	11.47	37.31	78.99

Overhead Expenses
Custom hire	1.42	2.00	0.37	1.65	0.51	1.59
Hired labor	4.28	3.14	2.26	4.19	8.14	4.36
Machinery & bldg leases	2.73	2.89	1.95	4.28	0.24	3.16
Farm insurance	2.94	3.32	2.62	2.87	2.96	3.12
Utilities	1.55	1.17	1.69	1.28	1.72	2.55
Dues & professional fees	1.22	1.16	0.50	1.23	1.25	1.39
Interest	3.57	3.59	4.23	3.70	4.05	3.11
Mach & bldg depreciation	8.15	6.10	8.58	7.89	9.95	9.39
Miscellaneous	1.77	0.80	1.89	1.87	3.88	1.46
Total overhead expenses per acre	27.64	24.17	24.09	28.96	32.70	30.12
Total dir & ovhd expenses per acre	149.29	165.81	135.62	153.92	131.08	146.02
Net return per acre	-19.95	-74.44	-36.26	-17.48	4.61	48.86

Lbr & mgt charge per acre	14.45	14.02	17.12	15.21	13.13	13.84
Net return over lbr & mgt	-34.39	-88.47	-53.37	-32.69	-8.52	35.03
Government payments	28.09	28.20	30.07	31.04	24.62	25.31
Net return with govt payments	-6.30	-60.27	-23.30	-1.66	16.10	60.34

Cost of Production
Total direct expense per bushel	1.97	2.90	1.81	2.04	1.48	1.50
Total dir & ovhd exp per bushel	2.42	3.40	2.20	2.51	1.97	1.89
With labor & management	2.65	3.68	2.48	2.76	2.16	2.07
Total exp less govt & oth income	2.06	2.79	1.97	2.14	1.67	1.63

Est. labor hours per acre	1.45	1.24	1.88	1.52	1.35	1.53