Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	1232	235	254	249	247	247
Number of farms	1140	228	228	227	229	228

Acres	103.14	81.57	97.32	110.39	111.77	113.72
Yield per acre (bushel)	145.93	118.36	137.30	146.65	155.79	161.96
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	1.76	1.75	1.76	1.75	1.75	1.77
Other product return per acre	0.10	0.15	0.13	0.03	-	0.20
Total product return per acre	256.33	206.88	241.61	257.20	272.60	286.18
Miscellaneous income per acre	9.22	4.48	6.60	5.84	5.61	21.63
Gross return per acre	265.55	211.36	248.21	263.04	278.22	307.81

Direct Expenses
Seed	34.53	32.79	35.49	34.41	35.47	34.06
Fertilizer	42.39	44.94	41.99	44.09	42.96	38.80
Crop chemicals	27.09	30.65	28.76	26.96	26.56	23.85
Crop insurance	7.94	8.46	8.07	8.57	7.69	7.09
Drying fuel	5.86	6.21	6.92	5.62	5.46	5.31
Fuel & oil	12.00	13.70	12.98	11.28	11.58	11.12
Repairs	24.13	31.18	25.79	23.37	22.64	20.05
Custom hire	4.98	8.79	6.77	3.97	3.59	3.15
Hired labor	0.55	1.54	0.07	0.66	0.14	0.61
Machinery & bldg leases	0.87	1.11	1.18	0.94	0.50	0.74
Marketing	1.12	1.77	1.44	1.26	0.52	0.82
Operating interest	8.49	11.82	10.73	9.51	6.39	5.33
Miscellaneous	1.38	1.75	1.83	1.31	1.23	0.96
Total direct expenses per acre	171.35	194.75	182.05	171.94	164.74	151.89
Return over direct exp per acre	94.20	16.61	66.16	91.10	113.48	155.92

Overhead Expenses
Custom hire	0.25	0.61	0.16	0.34	0.04	0.18
Hired labor	6.27	5.06	7.67	4.46	5.82	8.06
Machinery & bldg leases	3.44	2.46	4.73	2.41	3.18	4.25
RE & pers. property taxes	11.59	9.58	11.33	11.43	12.45	12.50
Farm insurance	3.96	4.19	4.05	4.21	3.52	3.93
Utilities	3.02	3.46	2.84	2.97	2.68	3.24
Dues & professional fees	0.96	0.67	1.02	0.98	0.93	1.10
Interest	47.95	42.85	50.00	50.11	51.83	43.70
Mach & bldg depreciation	24.87	24.20	21.74	23.19	26.71	27.91
Miscellaneous	5.02	5.24	6.55	4.56	4.59	4.37
Total overhead expenses per acre	107.31	98.32	110.09	104.66	111.77	109.23
Total dir & ovhd expenses per acre	278.67	293.07	292.14	276.60	276.50	261.12
Net return per acre	-13.11	-81.71	-43.93	-13.56	1.71	46.69

Lbr & mgt charge per acre	29.66	33.16	28.07	29.85	28.10	30.02
Net return over lbr & mgt	-42.77	-114.87	-72.00	-43.41	-26.38	16.67
Government payments	35.80	33.23	34.57	36.87	38.21	35.23
Net return with govt payments	-6.97	-81.64	-37.43	-6.54	11.82	51.91

Cost of Production
Total direct expense per bushel	1.17	1.65	1.33	1.17	1.06	0.94
Total dir & ovhd exp per bushel	1.91	2.48	2.13	1.89	1.77	1.61
With labor & management	2.11	2.76	2.33	2.09	1.96	1.80
Total exp less govt & oth income	1.80	2.44	2.03	1.80	1.67	1.45

Est. labor hours per acre	2.82	4.02	3.02	2.37	2.45	2.64