Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	66	12	13	12	13	12
Number of farms	62	12	11	12	12	12

Acres	63.10	87.83	42.20	87.44	46.32	56.97
Yield per acre (bushel)	62.15	47.85	67.02	70.99	69.45	56.61
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	1.83	1.65	1.48	1.89	1.99	1.94
Other product return per acre	0.12	-	-	-	0.83	-
Total product return per acre	113.92	78.74	99.39	134.19	139.07	109.67
Miscellaneous income per acre	19.34	0.50	8.14	6.39	16.47	86.20
Gross return per acre	133.26	79.24	107.52	140.58	155.55	195.87

Direct Expenses
Seed	8.13	7.89	8.74	7.20	6.11	11.10
Fertilizer	19.09	22.90	19.27	20.98	16.66	12.14
Crop chemicals	11.78	16.72	10.75	13.62	6.48	4.25
Crop insurance	5.06	7.14	4.58	4.51	4.93	2.63
Fuel & oil	8.77	10.62	7.74	7.71	9.31	8.22
Repairs	13.82	15.93	18.85	9.18	12.88	14.26
Custom hire	3.01	2.08	1.19	4.39	3.71	0.59
Marketing	0.18	-	-	0.72	-	-
Operating interest	2.59	4.36	1.95	2.04	1.88	1.93
Miscellaneous	0.41	0.16	0.37	1.18	0.05	0.13
Total direct expenses per acre	72.84	87.79	73.43	71.53	62.01	55.25
Return over direct exp per acre	60.42	-8.55	34.09	69.05	93.54	140.62

Overhead Expenses
Custom hire	1.16	0.49	1.33	0.48	2.44	2.32
Hired labor	4.86	3.09	7.52	6.36	3.92	4.68
Machinery & bldg leases	1.04	0.95	0.25	0.31	0.83	2.59
RE & pers. property taxes	6.13	5.71	6.99	6.43	6.02	7.01
Farm insurance	3.02	2.83	3.38	4.60	2.13	1.63
Utilities	2.16	2.10	1.76	1.66	3.48	1.99
Dues & professional fees	0.83	1.01	1.22	0.92	0.46	0.34
Interest	19.77	12.48	16.43	19.10	19.95	32.38
Mach & bldg depreciation	10.62	9.26	11.49	13.77	7.69	10.75
Miscellaneous	2.14	2.86	1.89	2.01	1.16	2.41
Total overhead expenses per acre	51.72	40.77	52.25	55.64	48.07	66.09
Total dir & ovhd expenses per acre	124.56	128.56	125.68	127.17	110.08	121.34
Net return per acre	8.70	-49.32	-18.16	13.41	45.46	74.53

Lbr & mgt charge per acre	14.60	16.84	14.53	13.47	13.61	13.27
Net return over lbr & mgt	-5.90	-66.16	-32.69	-0.06	31.86	61.26
Government payments	26.59	31.13	22.00	26.27	25.13	25.08
Net return with govt payments	20.68	-35.03	-10.69	26.21	56.99	86.34

Cost of Production
Total direct expense per bushel	1.17	1.83	1.10	1.01	0.89	0.98
Total dir & ovhd exp per bushel	2.00	2.69	1.88	1.79	1.59	2.14
With labor & management	2.24	3.04	2.09	1.98	1.78	2.38
Total exp less govt & oth income	1.50	2.38	1.64	1.52	1.17	0.41

Est. labor hours per acre	1.87	1.84	1.94	1.60	2.28	1.72