Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	1722	313	346	324	402	337
Number of farms	1295	259	259	258	260	259

Acres	166.95	148.31	169.74	197.20	140.41	183.97
Yield per acre (bushel)	148.08	134.43	144.77	148.72	151.16	157.96
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	1.76	1.75	1.75	1.75	1.76	1.77
Other product return per acre	0.14	0.02	0.07	0.18	0.26	0.13
Total product return per acre	260.12	235.51	253.25	260.85	265.96	278.96
Miscellaneous income per acre	7.15	3.19	4.32	4.63	4.25	18.04
Gross return per acre	267.27	238.69	257.58	265.49	270.21	297.00

Direct Expenses
Seed	35.05	36.13	35.94	35.53	34.43	33.46
Fertilizer	43.90	49.97	45.91	42.69	42.23	40.21
Crop chemicals	26.23	29.24	26.63	26.79	24.72	24.42
Crop insurance	8.45	8.50	9.06	8.77	8.46	7.49
Drying fuel	5.41	5.91	5.83	4.33	5.24	5.90
Fuel & oil	11.08	12.00	11.27	10.77	10.83	10.76
Repairs	20.61	25.10	21.15	19.12	20.09	18.75
Custom hire	4.16	6.86	4.63	2.95	3.13	3.88
Hired labor	0.56	1.20	0.73	0.52	0.35	0.17
Land rent	86.13	96.02	93.55	89.55	78.18	75.39
Machinery & bldg leases	1.36	2.06	2.13	1.01	0.69	1.08
Marketing	1.12	1.71	2.09	0.85	0.69	0.42
Operating interest	9.87	14.25	10.82	11.16	7.39	6.64
Miscellaneous	1.27	2.27	1.25	1.64	0.79	0.61
Total direct expenses per acre	255.22	291.30	271.00	255.68	237.23	229.17
Return over direct exp per acre	12.05	-52.61	-13.42	9.81	32.98	67.83

Overhead Expenses
Custom hire	0.26	0.05	0.24	0.11	0.69	0.20
Hired labor	5.56	3.76	4.49	5.52	6.31	7.28
Machinery & bldg leases	4.97	4.17	4.65	4.94	3.96	6.82
Farm insurance	3.35	4.11	3.28	3.31	3.08	3.13
Utilities	2.47	2.50	2.49	2.29	2.69	2.39
Dues & professional fees	0.95	0.70	1.06	0.91	0.93	1.09
Interest	7.40	7.62	8.12	7.97	7.07	6.26
Mach & bldg depreciation	19.96	21.96	18.81	20.73	19.60	19.07
Miscellaneous	4.47	4.64	4.00	5.99	3.71	3.91
Total overhead expenses per acre	49.38	49.52	47.15	51.78	48.03	50.15
Total dir & ovhd expenses per acre	304.60	340.82	318.14	307.45	285.27	279.33
Net return per acre	-37.33	-102.13	-60.56	-41.96	-15.06	17.68

Lbr & mgt charge per acre	25.81	29.10	28.02	25.36	25.05	22.40
Net return over lbr & mgt	-63.14	-131.23	-88.59	-67.32	-40.10	-4.73
Government payments	34.77	37.46	38.65	38.01	32.42	27.86
Net return with govt payments	-28.38	-93.77	-49.94	-29.31	-7.68	23.13

Cost of Production
Total direct expense per bushel	1.72	2.17	1.87	1.72	1.57	1.45
Total dir & ovhd exp per bushel	2.06	2.54	2.20	2.07	1.89	1.77
With labor & management	2.23	2.75	2.39	2.24	2.05	1.91
Total exp less govt & oth income	1.95	2.45	2.09	1.95	1.81	1.62

Est. labor hours per acre	2.39	2.71	2.30	2.23	2.42	2.38