Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	53	8	9	8	9	16
Number of farms	44	8	8	8	8	9

Acres	179.96	177.45	173.54	325.59	249.64	76.52
Yield per acre (cwt)	12.68	7.61	12.22	13.79	14.07	13.85
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per cwt	10.21	10.59	9.62	10.38	10.17	10.49
Total product return per acre	129.47	80.66	117.57	143.19	142.98	145.31
Miscellaneous income per acre	13.98	9.48	14.50	11.47	6.58	40.41
Gross return per acre	143.45	90.14	132.08	154.67	149.56	185.72

Direct Expenses
Seed	15.79	16.27	14.25	16.98	14.93	14.75
Fertilizer	26.92	23.42	26.52	25.82	31.68	26.03
Crop chemicals	16.68	15.36	21.98	17.93	15.19	10.94
Crop insurance	7.58	8.06	5.94	8.03	6.73	9.61
Drying fuel	0.14	-	-	-	0.31	0.54
Fuel & oil	9.34	8.75	9.25	10.08	9.64	8.16
Repairs	12.21	7.53	16.22	12.20	11.41	12.68
Custom hire	5.34	2.35	8.31	3.89	5.28	7.58
Hired labor	0.19	-	1.17	-	-	-
Land rent	33.59	34.10	30.11	45.20	26.13	26.78
Marketing	0.20	-	-	0.08	0.76	-
Operating interest	3.57	2.46	2.93	5.01	3.76	2.73
Miscellaneous	0.43	0.26	0.42	-	1.34	0.04
Total direct expenses per acre	132.00	118.55	137.08	145.22	127.15	119.85
Return over direct exp per acre	11.45	-28.41	-5.01	9.45	22.41	65.87

Overhead Expenses
Custom hire	2.21	2.83	0.79	2.53	1.47	2.66
Hired labor	3.86	2.55	4.89	0.89	6.02	7.14
Machinery & bldg leases	4.38	3.15	10.58	4.47	2.96	1.90
Farm insurance	2.31	1.86	1.39	2.24	2.66	3.14
Utilities	1.80	1.29	1.59	1.95	2.19	1.59
Dues & professional fees	1.00	0.54	2.00	0.56	1.07	0.81
Interest	3.38	3.56	3.35	3.71	2.93	2.94
Mach & bldg depreciation	7.79	4.64	7.59	9.18	8.27	8.74
Miscellaneous	1.65	1.53	1.25	1.59	2.00	1.87
Total overhead expenses per acre	28.39	21.96	33.43	27.11	29.57	30.78
Total dir & ovhd expenses per acre	160.38	140.51	170.52	172.33	156.72	150.63
Net return per acre	-16.93	-50.37	-38.44	-17.67	-7.16	35.09

Lbr & mgt charge per acre	16.53	14.33	14.74	22.26	13.54	14.98
Net return over lbr & mgt	-33.46	-64.70	-53.18	-39.93	-20.70	20.11
Government payments	32.23	33.11	34.97	37.28	26.46	25.48
Net return with govt payments	-1.23	-31.59	-18.21	-2.65	5.76	45.59

Cost of Production
Total direct expense per cwt	10.41	15.57	11.22	10.53	9.04	8.66
Total dir & ovhd exp per cwt	12.65	18.45	13.95	12.50	11.14	10.88
With labor & management	13.95	20.33	15.16	14.11	12.10	11.96
Total exp less govt & oth income	10.31	14.74	11.11	10.58	9.76	7.20

Est. labor hours per acre	1.63	1.40	1.68	1.52	1.82	1.78