Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	482	101	96	94	96	95
Number of farms	470	94	94	93	95	94

Acres	38.54	40.94	35.25	47.07	34.41	35.03
Yield per acre (ton)	16.57	11.54	15.49	16.45	18.28	22.38
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	17.69	17.32	17.05	18.03	17.71	18.03
Total product return per acre	293.11	199.84	264.24	296.52	323.82	403.34
Miscellaneous income per acre	14.59	9.42	8.54	11.76	15.17	30.34
Gross return per acre	307.70	209.26	272.78	308.28	338.98	433.68

Direct Expenses
Seed	29.08	32.06	26.73	28.13	26.98	31.14
Fertilizer	29.21	33.32	30.93	29.02	25.66	26.12
Crop chemicals	28.68	30.72	29.58	27.24	25.61	30.19
Crop insurance	4.47	3.47	4.85	4.46	4.82	4.99
Drying fuel	0.13	0.51	-	-	0.01	0.08
Fuel & oil	16.12	18.48	15.57	16.23	14.81	14.93
Repairs	31.41	36.24	32.80	28.27	29.03	30.53
Custom hire	11.77	12.27	17.96	11.99	8.28	8.03
Hired labor	0.36	0.82	0.35	0.36	0.19	-
Machinery & bldg leases	0.39	1.36	0.18	0.08	0.02	0.22
Operating interest	4.91	4.42	5.41	5.16	4.23	5.34
Miscellaneous	3.84	5.71	2.32	3.22	2.67	5.07
Total direct expenses per acre	160.45	179.38	166.78	154.15	142.52	156.64
Return over direct exp per acre	147.26	29.89	106.00	154.12	196.46	277.05

Overhead Expenses
Custom hire	0.67	1.34	0.07	0.48	1.28	0.08
Hired labor	12.44	13.30	9.78	13.25	9.00	16.39
Machinery & bldg leases	3.44	1.42	2.79	4.08	3.31	5.91
RE & pers. property taxes	6.37	5.51	6.71	6.31	6.26	7.27
Farm insurance	3.83	3.64	3.97	3.39	4.73	3.59
Utilities	3.06	3.18	3.15	2.80	2.53	3.68
Dues & professional fees	0.70	0.68	0.46	0.53	1.11	0.79
Interest	41.31	34.35	37.75	46.29	40.64	47.61
Mach & bldg depreciation	29.32	29.86	33.53	26.72	26.75	30.39
Miscellaneous	5.57	4.52	5.44	4.78	5.48	8.15
Total overhead expenses per acre	106.70	97.78	103.64	108.64	101.11	123.87
Total dir & ovhd expenses per acre	267.15	277.16	270.43	262.79	243.64	280.50
Net return per acre	40.55	-67.90	2.35	45.49	95.35	153.18

Lbr & mgt charge per acre	30.94	33.30	33.36	29.67	28.66	29.52
Net return over lbr & mgt	9.61	-101.19	-31.00	15.82	66.69	123.66
Government payments	28.70	24.87	28.10	30.64	27.94	32.25
Net return with govt payments	38.31	-76.33	-2.91	46.46	94.62	155.91

Cost of Production
Total direct expense per ton	9.68	15.54	10.76	9.37	7.80	7.00
Total dir & ovhd exp per ton	16.12	24.02	17.45	15.98	13.33	12.54
With labor & management	17.99	26.90	19.61	17.78	14.90	13.86
Total exp less govt & oth income	15.38	23.93	17.24	15.20	12.54	11.06

Est. labor hours per acre	5.27	6.21	5.45	5.16	4.47	4.85