Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of farms	2293	458	459	458	459	459

Cash Farm Income
Barley	447	228	220	179	447	1,160
Beans, Dark Red Kidney	433	460	-	45	102	1,557
Beans, Green	42	-	-	-	165	44
Beans, Light Red Kidney	95	432	-	-	44	-
Beans, Navy	491	54	32	280	587	1,501
Beans, Pinto	220	13	3	95	361	629
Canola	536	171	173	27	583	1,722
Corn	45,215	26,755	31,293	38,569	56,615	72,787
Corn Silage	151	108	210	5	156	275
Corn, Ear	75	131	30	102	114	-
Corn, Seed	99	-	-	292	158	44
Grass Seed, Kentucky Blue	116	158	28	-	-	392
Hay, Alfalfa	939	1,056	1,622	408	484	1,124
Hay, Grass	85	52	36	76	64	198
Haylage, Alfalfa	71	11	135	32	166	12
Oats	117	130	85	196	80	94
Pears	35	-	-	-	176	-
Peas	619	395	584	589	617	909
Peas, Field	37	2	103	16	6	57
Potatoes	474	42	12	297	21	1,995
Potatoes, Seed	48	-	-	242	-	-
Sorghum Silage	28	-	-	140	-	-
Soybeans	44,700	24,742	30,634	36,921	52,897	78,247
Soybeans Seed	252	405	98	179	25	556
Sugar Beets	12,804	5,741	1,609	3,188	10,237	43,208
Sunflowers	394	59	80	57	470	1,303
Sunflowers, Confectionary	238	-	-	15	269	903
Sweet Corn	804	620	1,021	762	843	776
Wheat, Durum	63	-	-	-	-	315
Wheat, Spring	10,632	2,524	3,238	4,186	11,467	31,711
Wheat, Winter	342	101	4	238	37	1,328
Rented Out	62	69	114	69	47	12
Corn, Waxy	81	-	-	111	291	-
Other crops	534	346	404	1,473	349	98
Miscellaneous crop income	312	302	466	227	321	242
Beef Bulls	57	6	16	177	33	54
Beef Cow-Calf, Beef Calves	1,704	2,463	1,468	2,162	1,511	918
Beef, Custom Fed	1,383	358	3,528	135	534	2,357
Beef, Background Beef	1,503	2,590	587	1,470	772	2,099
Beef, Finish Beef Calves	7,747	6,537	3,716	2,968	6,948	18,551
Beef, Finish Yrlg Steers	3,660	9,453	708	4,350	2,933	868
Beef, Grazing Beef	43	-	-	215	-	-
Chickens, Egg Product., Eggs	194	-	-	32	342	596
Chickens, Egg Product., Chicks	43	-	-	180	37	-
Dairy, Milk	56,021	43,509	42,634	57,790	56,577	79,570
Dairy, Dairy Calves	1,065	709	1,533	826	1,350	905
Dairy Heifers (for sale)	1,160	650	634	1,574	802	2,138
Dairy Replacement Heifers	582	501	538	1,169	129	573
Dairy Steers	4,580	2,400	3,680	6,123	6,180	4,518
Hogs, Farrow-Fin, Raised Hogs	17,503	1,144	1,954	2,816	8,707	72,827
Hogs, Feeder Pigs, Feeder Pigs	781	6	229	46	937	2,686
Hogs, Finish Feeder Pigs	13,968	5,809	5,365	13,352	17,528	27,765
Sheep, Market Lambs, Mkt Lambs	74	44	54	25	230	20
Turkeys	1,069	-	-	-	5	5,337
Veal Production	55	6	-	-	271	-
Turkeys, Contract	117	-	-	-	583	-
Hogs, Contractee	1,379	1,320	434	1,478	2,021	1,642
Beef, Finish Cull Cows	50	9	-	-	-	243
Chickens, Pullets	38	-	-	90	-	100
Bison, Bison Cows, Bison Calves	37	-	-	184	-	-
Hogs, Weaning Pigs, Weaning Pigs	1,191	-	1,148	512	2,254	2,038
Hogs, Weaning to Feeder	156	125	-	-	656	-
Hogs, Weaning to Finish	8,699	1,113	755	1,592	11,041	28,960
Hogs, Contractor	202	-	-	-	-	1,010
Cull breeding livestock	3,464	2,889	2,555	3,004	3,051	5,821
Misc. livestock income	1,030	1,349	650	1,042	1,045	1,065
Transition payments	21,808	10,361	12,481	15,836	25,344	44,979
CRP payments	522	533	472	340	517	750
Other government payments	25,843	13,580	14,381	19,414	30,633	51,165
Custom work income	6,441	3,311	7,121	4,723	7,158	9,881
Patronage dividends, cash	1,746	826	1,007	1,370	2,054	3,473
Insurance income	4,729	1,274	1,666	2,340	4,683	13,670
Cash from hedging accts	944	206	243	648	755	2,866
Contract livestock income	103	41	-	317	158	-
Other farm income	7,093	3,810	5,465	4,414	7,559	14,201
Gross Cash Farm Income	320,375	182,039	187,253	241,732	343,536	646,844

Cash Farm Expense
Seed	15,616	9,125	9,015	11,773	17,890	30,256
Fertilizer	17,473	9,954	9,657	12,890	19,845	34,995
Crop chemicals	17,009	8,898	8,972	11,499	17,857	37,788
Crop insurance	5,346	2,779	3,146	3,996	6,043	10,760
Drying fuel	1,247	683	768	1,103	1,459	2,220
Irrigation energy	104	152	27	46	70	227
Crop marketing	2,259	654	1,245	1,708	2,797	4,883
Crop miscellaneous	5,411	2,956	3,839	3,251	4,482	12,515
Feeder livestock purchase	20,027	16,842	9,422	15,661	22,217	35,975
Purchased feed	34,835	19,648	17,807	25,318	31,172	80,175
Breeding fees	1,082	722	532	860	1,011	2,285
Veterinary	3,817	2,353	2,415	3,155	4,015	7,140
BST	575	401	303	438	599	1,134
Livestock supplies	3,663	2,880	2,446	3,443	3,775	5,767
DHIA	319	260	239	352	325	417
Livestock leases	687	656	416	164	317	1,880
Grazing fees	637	467	652	125	1,210	731
Livestock marketing	1,508	1,205	1,145	1,313	1,397	2,476
Interest	24,864	20,659	18,009	20,777	25,067	39,789
Fuel & oil	9,717	6,236	6,252	7,474	10,415	18,194
Repairs	18,891	13,172	12,966	15,705	20,286	32,305
Custom hire	6,406	4,291	3,968	5,045	6,721	11,996
Hired labor	11,588	6,946	6,326	6,581	10,464	27,600
Owner wages & benefits	991	1,571	248	930	645	1,562
Land rent	34,005	17,650	19,680	24,594	38,770	69,274
Machinery & bldg leases	7,315	3,738	3,143	3,706	6,802	19,171
Real estate taxes	2,732	1,963	1,845	2,294	2,819	4,739
Farm insurance	3,775	2,768	2,427	2,976	3,945	6,753
Utilities	4,622	3,589	3,335	3,903	4,844	7,433
Dues & professional fees	1,065	659	533	706	1,170	2,257
Hedging account deposits	1,808	997	734	956	1,933	4,416
Miscellaneous	5,971	4,874	4,619	5,490	7,058	7,811
Total cash expense	265,361	169,747	156,131	198,232	277,420	524,922
Net cash farm income	55,014	12,292	31,123	43,500	66,116	121,922

Inventory Changes
Crops and feed	13,150	-3,959	1,900	6,526	15,436	45,797
Market livestock	3,600	2,034	764	3,345	5,035	6,819
Accounts receivable	3,181	1,196	-43	1,259	2,872	10,611
Prepaid expenses and supplies	2,807	-406	87	1,180	1,180	11,986
Accounts payable	-1,194	-3,332	-1,131	-564	-1,420	474
Total inventory change	21,544	-4,468	1,577	11,745	23,103	75,687
Net operating profit	76,558	7,824	32,700	55,245	89,219	197,609

Depreciation and Other Capital Adjustments
Breeding livestock	-1,937	-4,328	-1,587	-999	-1,123	-1,650
Machinery and equipment	-14,507	-10,705	-9,431	-10,729	-15,054	-26,601
Buildings and improvements	-4,646	-3,459	-3,183	-3,249	-4,321	-9,012
Other farm capital	615	-1,130	364	-22	204	3,653
Total depr. and other capital adj	-20,475	-19,622	-13,836	-14,999	-20,295	-33,609

Net farm income	56,083	-11,799	18,863	40,245	68,924	164,000