Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	144	26	27	28	26	34
Number of farms	133	26	27	26	26	27

Acres	20.90	31.71	26.56	18.37	17.62	13.71
Yield per acre (ton)	1.88	0.87	1.72	1.95	2.36	3.26
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	40.73	28.90	33.50	39.50	42.80	51.53
Total product return per acre	76.69	25.01	57.68	77.12	100.94	168.14
Miscellaneous income per acre	1.13	0.15	1.74	0.63	0.67	3.02
Gross return per acre	77.82	25.16	59.42	77.75	101.61	171.17

Direct Expenses
Seed	0.56	-	-	0.39	3.22	-
Fertilizer	4.15	2.71	6.20	0.35	1.09	10.18
Crop insurance	0.20	0.09	0.11	-	-	0.88
Fuel & oil	7.29	6.82	7.14	8.10	6.96	6.88
Repairs	15.13	13.68	15.39	16.45	13.05	16.78
Custom hire	4.44	5.62	1.58	3.81	2.29	8.73
Hired labor	0.50	-	1.92	0.21	0.02	-
Operating interest	1.57	1.77	1.23	1.10	2.26	1.69
Miscellaneous	2.68	3.11	4.70	1.25	1.27	1.55
Total direct expenses per acre	36.51	33.81	38.27	31.66	30.17	46.70
Return over direct exp per acre	41.31	-8.65	21.15	46.09	71.45	124.47

Overhead Expenses
Custom hire	0.57	1.78	0.31	0.03	-	0.05
Hired labor	4.65	1.94	4.12	3.79	7.79	8.43
Machinery & bldg leases	1.15	1.69	-0.04	0.66	3.33	0.51
RE & pers. property taxes	4.92	4.01	5.42	4.98	5.66	4.55
Farm insurance	2.12	2.58	1.49	2.04	1.90	2.18
Utilities	1.18	0.89	1.05	1.28	1.35	1.20
Interest	20.53	14.08	34.54	21.29	16.73	14.54
Mach & bldg depreciation	11.56	9.05	9.66	13.48	11.16	16.12
Miscellaneous	2.26	2.46	1.92	1.91	2.37	2.74
Total overhead expenses per acre	48.94	38.48	58.48	49.45	50.27	50.33
Total dir & ovhd expenses per acre	85.45	72.29	96.75	81.10	80.43	97.02
Net return per acre	-7.64	-47.13	-37.33	-3.35	21.18	74.14

Lbr & mgt charge per acre	15.54	14.69	16.18	14.56	11.47	20.42
Net return over lbr & mgt	-23.18	-61.83	-53.51	-17.91	9.71	53.72
Government payments	9.75	9.61	13.88	6.48	10.12	6.26
Net return with govt payments	-13.43	-52.22	-39.63	-11.43	19.83	59.99

Cost of Production
Total direct expense per ton	19.39	39.06	22.23	16.22	12.79	14.31
Total dir & ovhd exp per ton	45.39	83.52	56.20	41.54	34.10	29.74
With labor & management	53.64	100.50	65.60	49.00	38.97	36.00
Total exp less govt & oth income	47.86	89.22	56.52	45.36	34.39	33.15

Est. labor hours per acre	3.22	2.82	2.63	3.35	2.89	4.96