Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	64	10	15	15	10	11
Number of farms	54	10	10	10	10	11

Acres	62.16	72.24	65.48	57.55	69.79	47.88
Yield per acre (ton)	7.72	5.95	6.15	8.31	8.93	10.68
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	36.92	35.35	37.17	37.31	36.28	37.69
Other product return per acre	1.87	3.24	-	2.78	1.56	3.07
Total product return per acre	286.94	213.57	228.78	312.87	325.40	405.82
Miscellaneous income per acre	0.88	0.53	0.81	0.80	1.63	0.49
Gross return per acre	287.82	214.10	229.59	313.68	327.03	406.31

Direct Expenses
Seed	3.82	0.44	4.17	8.35	5.13	-
Fertilizer	13.28	3.64	15.09	18.90	9.82	18.75
Crop chemicals	3.00	6.87	1.53	3.01	3.57	0.71
Crop insurance	0.87	0.11	0.66	1.20	1.93	0.63
Drying fuel	0.95	-	-	2.23	-	-
Irrigation energy	0.12	-	-	0.54	-	-
Fuel & oil	13.02	13.02	12.55	9.86	15.59	16.05
Repairs	27.58	23.69	21.55	26.62	42.67	23.46
Custom hire	13.51	38.75	10.44	10.47	5.05	4.65
Hired labor	0.47	0.28	1.69	-	-	-
Land rent	55.94	78.12	40.81	66.55	45.86	40.85
Machinery & bldg leases	0.27	1.01	0.29	-	0.10	-
Marketing	0.07	-	-	-	-	0.55
Operating interest	3.22	2.37	2.36	0.99	5.86	5.51
Miscellaneous	3.91	1.78	4.81	3.14	0.36	8.42
Total direct expenses per acre	140.04	170.08	115.94	151.89	135.94	119.58
Return over direct exp per acre	147.78	44.01	113.65	161.79	191.09	286.73

Overhead Expenses
Hired labor	14.80	11.77	10.41	18.42	11.74	18.55
Machinery & bldg leases	5.17	5.05	4.99	1.97	9.09	7.09
Farm insurance	2.55	3.03	2.23	2.84	2.68	2.25
Utilities	2.80	2.31	1.84	2.19	4.55	4.27
Dues & professional fees	0.62	0.43	0.25	1.84	0.04	0.13
Interest	10.70	4.29	14.54	14.56	6.53	13.35
Mach & bldg depreciation	22.48	15.02	22.57	22.88	32.65	21.18
Miscellaneous	7.51	4.64	1.94	20.15	7.57	2.44
Total overhead expenses per acre	66.64	46.54	58.77	84.86	74.85	69.26
Total dir & ovhd expenses per acre	206.68	216.62	174.71	236.74	210.79	188.84
Net return per acre	81.14	-2.53	54.88	76.93	116.24	217.47

Lbr & mgt charge per acre	24.65	27.41	22.23	29.49	20.20	26.96
Net return over lbr & mgt	56.49	-29.94	32.65	47.45	96.04	190.51
Government payments	26.73	26.91	25.09	23.52	35.00	14.46
Net return with govt payments	83.22	-3.02	57.74	70.96	131.04	204.97

Cost of Production
Total direct expense per ton	18.14	28.58	18.84	18.28	15.23	11.19
Total dir & ovhd exp per ton	26.77	36.41	28.39	28.49	23.61	17.67
With labor & management	29.96	41.01	32.00	32.03	25.88	20.20
Total exp less govt & oth income	26.14	35.86	27.79	28.77	21.60	18.51

Est. labor hours per acre	5.33	1.16	5.29	2.75	12.75	6.50