Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	65	13	13	13	11	12
Number of farms	61	12	12	11	11	12

Acres	59.45	73.52	58.34	67.54	46.36	48.76
Yield per acre (ton)	7.10	3.64	6.41	7.65	9.05	10.85
Operators share of yield %	100.00	100.00	100.00	100.00	99.99	100.00
Value per ton	35.98	31.45	33.97	37.90	37.75	36.53
Other product return per acre	7.73	-	14.61	8.20	0.09	1.07
Total product return per acre	263.31	114.41	232.19	297.96	341.87	397.48
Miscellaneous income per acre	1.64	3.75	1.52	0.45	1.17	1.03
Gross return per acre	264.94	118.16	233.70	298.41	343.03	398.51

Direct Expenses
Seed	2.15	0.72	2.23	2.43	3.59	2.54
Fertilizer	21.72	24.75	32.88	15.08	19.46	11.00
Crop chemicals	1.75	3.49	0.32	1.69	2.02	1.17
Crop insurance	0.77	1.00	0.28	0.81	0.42	1.38
Drying fuel	0.55	-	-	2.42	-	-
Fuel & oil	13.95	12.52	14.92	17.08	12.99	11.23
Repairs	26.03	22.53	21.54	29.71	29.02	22.74
Custom hire	14.33	22.07	16.71	6.79	15.77	11.29
Hired labor	1.16	-	5.86	-	-	-
Marketing	0.13	-	-	0.59	-	-
Operating interest	4.46	2.83	5.36	5.77	6.66	3.44
Miscellaneous	2.91	2.51	3.32	4.38	1.38	2.69
Total direct expenses per acre	89.92	92.42	103.42	86.75	91.29	67.48
Return over direct exp per acre	175.03	25.75	130.28	211.65	251.74	331.03

Overhead Expenses
Custom hire	0.25	0.15	0.97	-	0.19	-
Hired labor	13.80	7.45	8.05	19.24	13.13	21.05
Machinery & bldg leases	2.49	1.71	2.12	1.70	6.85	2.40
RE & pers. property taxes	6.35	6.04	3.94	7.79	8.27	6.32
Farm insurance	3.38	4.09	2.97	2.78	3.12	3.28
Utilities	2.78	1.30	3.42	3.63	2.15	3.71
Dues & professional fees	1.32	1.00	1.10	3.03	0.87	0.24
Interest	35.12	18.56	38.93	50.60	40.16	31.14
Mach & bldg depreciation	19.94	12.74	14.73	24.67	22.98	26.14
Miscellaneous	6.48	2.38	1.69	6.55	4.36	7.95
Total overhead expenses per acre	91.92	55.42	77.92	119.99	102.09	102.23
Total dir & ovhd expenses per acre	181.84	147.84	181.34	206.75	193.38	169.71
Net return per acre	83.10	-29.68	52.36	91.66	149.65	228.79

Lbr & mgt charge per acre	29.40	20.92	34.08	19.96	46.87	34.87
Net return over lbr & mgt	53.71	-50.60	18.28	71.70	102.78	193.92
Government payments	25.33	28.46	16.83	33.96	24.30	17.09
Net return with govt payments	79.04	-22.14	35.12	105.66	127.08	211.02

Cost of Production
Total direct expense per ton	12.66	25.40	16.15	11.35	10.08	6.22
Total dir & ovhd exp per ton	25.60	40.64	28.31	27.04	21.36	15.64
With labor & management	29.74	46.39	33.63	29.65	26.54	18.85
Total exp less govt & oth income	24.85	37.53	28.49	24.08	23.71	17.09

Est. labor hours per acre	4.30	1.76	7.80	3.52	4.18	5.20