Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	30	6	5	9	5
Number of farms	25	5	5	5	5

Acres	121.29	125.23	116.20	95.00	178.96
Yield per acre (cwt)	13.88	16.67	17.69	17.20	6.49
Operators share of yield %	100.00	100.00	100.00	100.00	100.00
Value per cwt	12.80	12.29	12.30	13.62	13.35
Total product return per acre	177.61	204.96	217.54	234.29	86.69
Miscellaneous income per acre	83.28	1.81	5.02	25.26	249.43
Gross return per acre	260.89	206.77	222.56	259.54	336.12

Direct Expenses
Seed	27.85	31.87	28.60	30.37	23.26
Fertilizer	23.38	25.42	24.44	18.12	21.91
Crop chemicals	26.97	34.06	37.64	24.06	22.97
Crop insurance	20.41	11.60	18.43	19.06	27.24
Fuel & oil	11.18	10.45	10.17	14.45	9.18
Repairs	20.26	19.10	14.52	19.24	28.35
Custom hire	5.27	10.96	6.38	5.17	1.24
Hired labor	0.55	-	1.21	-	-
Land rent	53.95	57.74	54.07	44.30	53.16
Machinery & bldg leases	0.61	2.97	-	-	-
Operating interest	6.80	5.50	6.83	6.55	7.30
Miscellaneous	0.12	-	-	-	-
Total direct expenses per acre	197.35	209.68	202.29	181.33	194.61
Return over direct exp per acre	63.55	-2.91	20.27	78.22	141.50

Overhead Expenses
Custom hire	2.00	0.69	0.70	1.12	4.01
Hired labor	9.73	8.81	10.93	7.42	9.20
Machinery & bldg leases	4.23	2.30	0.79	14.30	0.41
Farm insurance	4.69	5.86	3.60	4.97	3.40
Utilities	2.51	1.60	2.85	2.87	2.98
Dues & professional fees	2.20	3.99	1.73	1.28	2.31
Interest	4.08	4.10	4.96	3.60	2.94
Mach & bldg depreciation	15.15	15.15	17.15	11.94	18.49
Miscellaneous	3.05	0.80	1.83	4.70	1.92
Total overhead expenses per acre	47.65	43.29	44.55	52.20	45.65
Total dir & ovhd expenses per acre	244.99	252.97	246.84	233.53	240.26
Net return per acre	15.90	-46.20	-24.28	26.01	95.85

Lbr & mgt charge per acre	23.78	25.16	19.15	17.60	32.21
Net return over lbr & mgt	-7.88	-71.36	-43.43	8.42	63.64
Government payments	-	-	-	-	-
Net return with govt payments	-7.88	-71.36	-43.43	8.42	63.64

Cost of Production
Total direct expense per cwt	14.22	12.58	11.44	10.54	29.98
Total dir & ovhd exp per cwt	17.65	15.17	13.96	13.58	37.01
With labor & management	19.36	16.68	15.04	14.60	41.97
Total exp less govt & oth income	13.36	16.57	14.75	13.13	3.55

Est. labor hours per acre	2.43	2.45	2.54	2.20	2.33