Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	296	62	58	58	58	60
Number of farms	288	57	58	57	58	58

Acres	42.21	50.61	38.31	40.77	43.40	37.54
Yield per acre (ton)	16.50	14.17	16.03	15.54	17.16	20.51
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	17.67	17.26	17.25	17.14	18.28	18.23
Total product return per acre	291.57	244.60	276.43	266.25	313.65	373.86
Miscellaneous income per acre	14.02	9.54	13.30	7.52	16.36	25.19
Gross return per acre	305.59	254.13	289.73	273.77	330.01	399.05

Direct Expenses
Seed	30.19	35.66	29.35	28.80	26.56	28.91
Fertilizer	30.73	36.32	34.69	26.71	28.96	25.23
Crop chemicals	29.79	34.40	31.07	29.66	25.48	27.05
Crop insurance	4.67	4.28	5.46	4.14	5.39	4.16
Drying fuel	0.61	1.80	0.59	-	0.05	0.21
Fuel & oil	14.84	15.36	15.15	15.28	15.91	12.13
Repairs	28.51	31.75	30.16	29.32	27.11	23.08
Custom hire	18.68	34.61	20.95	9.38	10.23	13.45
Hired labor	0.58	0.53	0.95	-	1.38	-
Land rent	56.81	68.25	69.02	44.54	45.86	53.93
Machinery & bldg leases	0.59	1.37	1.01	-	0.28	0.02
Operating interest	5.59	6.18	5.48	5.42	5.76	4.85
Miscellaneous	4.30	4.81	4.14	4.60	5.84	1.71
Total direct expenses per acre	225.86	275.31	248.04	197.85	198.81	194.74
Return over direct exp per acre	79.73	-21.17	41.69	75.93	131.20	204.31

Overhead Expenses
Custom hire	0.34	0.08	0.24	0.56	0.72	0.13
Hired labor	11.57	12.44	8.54	9.35	17.27	9.32
Machinery & bldg leases	5.32	5.10	4.77	6.06	5.56	5.15
Farm insurance	3.36	3.71	3.12	2.87	3.71	3.21
Utilities	2.85	3.08	2.45	3.53	2.33	2.81
Dues & professional fees	0.65	0.54	1.15	0.41	0.76	0.43
Interest	13.05	12.06	14.81	12.08	15.66	10.77
Mach & bldg depreciation	24.75	30.88	22.76	22.38	23.85	21.67
Miscellaneous	4.36	3.97	5.51	3.83	4.03	4.72
Total overhead expenses per acre	66.25	71.85	63.35	61.06	73.89	58.21
Total dir & ovhd expenses per acre	292.11	347.16	311.39	258.91	272.70	252.95
Net return per acre	13.48	-93.02	-21.66	14.87	57.31	146.10

Lbr & mgt charge per acre	27.51	31.48	30.95	25.06	23.58	25.53
Net return over lbr & mgt	-14.03	-124.50	-52.61	-10.19	33.73	120.57
Government payments	29.13	32.70	30.55	28.25	26.31	26.81
Net return with govt payments	15.10	-91.81	-22.06	18.06	60.04	147.38

Cost of Production
Total direct expense per ton	13.69	19.43	15.48	12.74	11.59	9.50
Total dir & ovhd exp per ton	17.70	24.50	19.43	16.67	15.90	12.34
With labor & management	19.37	26.72	21.36	18.28	17.27	13.58
Total exp less govt & oth income	16.75	23.74	18.63	15.98	14.78	11.04

Est. labor hours per acre	5.14	5.20	4.68	5.79	5.68	4.21