Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	253	47	46	58	53	48
Number of farms	190	38	38	37	38	38

Acres	100.93	87.31	133.21	77.70	105.79	103.00
Yield per acre (bushel)	143.93	127.64	143.01	145.05	148.37	152.66
Operators share of yield %	55.94	53.07	53.95	53.41	57.55	61.43
Value per bushel	1.75	1.75	1.76	1.75	1.75	1.74
Total product return per acre	140.84	117.76	134.74	134.84	149.31	163.85
Miscellaneous income per acre	2.84	0.37	2.28	0.17	1.18	10.05
Gross return per acre	143.68	118.13	137.02	135.02	150.49	173.90

Direct Expenses
Seed	25.69	25.87	26.98	24.15	27.60	23.55
Fertilizer	29.16	33.97	32.69	23.81	27.14	28.05
Crop chemicals	15.76	18.28	17.57	13.14	15.27	14.69
Crop insurance	5.01	4.95	5.49	4.68	4.60	5.40
Drying fuel	2.64	3.38	1.89	2.18	3.42	2.63
Fuel & oil	10.92	11.63	10.84	12.11	10.25	10.25
Repairs	18.96	25.03	18.47	19.49	16.83	17.14
Custom hire	3.73	4.97	5.22	4.68	1.78	2.38
Machinery & bldg leases	0.89	0.72	0.01	1.78	0.06	1.33
Marketing	0.67	2.29	0.48	0.69	0.07	0.27
Operating interest	8.73	10.68	12.84	7.91	6.74	5.01
Miscellaneous	0.97	1.51	0.72	1.07	0.97	0.54
Total direct expenses per acre	123.15	143.28	133.20	115.69	114.74	111.26
Return over direct exp per acre	20.53	-25.15	3.82	19.33	35.75	62.65

Overhead Expenses
Hired labor	3.79	5.16	3.36	3.99	3.14	3.88
Machinery & bldg leases	2.60	3.82	4.48	2.01	1.72	1.04
Farm insurance	3.04	3.05	3.59	2.94	2.75	2.90
Utilities	2.40	3.39	2.31	2.31	2.03	2.23
Dues & professional fees	0.89	1.43	0.43	0.76	0.95	1.11
Interest	5.71	7.05	5.43	5.29	6.49	4.72
Mach & bldg depreciation	15.08	16.97	12.35	15.98	13.32	18.21
Miscellaneous	3.54	3.31	3.44	2.84	3.70	4.29
Total overhead expenses per acre	37.05	44.19	35.38	36.12	34.10	38.38
Total dir & ovhd expenses per acre	160.20	187.47	168.58	151.81	148.84	149.64
Net return per acre	-16.52	-69.34	-31.56	-16.79	1.65	24.26

Lbr & mgt charge per acre	26.20	25.12	24.59	29.34	23.86	27.18
Net return over lbr & mgt	-42.72	-94.46	-56.15	-46.13	-22.21	-2.91
Government payments	18.56	17.42	21.10	18.30	16.20	19.08
Net return with govt payments	-24.16	-77.04	-35.06	-27.84	-6.01	16.16

Cost of Production
Total direct expense per bushel	1.53	2.12	1.73	1.49	1.34	1.19
Total dir & ovhd exp per bushel	1.99	2.77	2.18	1.96	1.74	1.60
With labor & management	2.31	3.14	2.50	2.34	2.02	1.89
Total exp less govt & oth income	2.05	2.88	2.20	2.10	1.82	1.57

Est. labor hours per acre	1.85	2.01	1.87	2.09	1.65	1.76