Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	119	23	23	24	23	24
Number of farms	116	23	23	23	22	23

Acres	30.29	21.32	36.17	56.88	21.32	15.90
Yield per acre (bushel)	68.10	61.81	57.13	67.69	77.65	89.98
Operators share of yield %	100.00	99.99	100.00	100.00	100.00	100.00
Value per bushel	1.08	1.06	1.03	1.12	0.99	1.16
Other product return per acre	3.77	-	0.16	3.28	7.27	14.18
Total product return per acre	77.27	65.64	58.95	79.04	83.89	118.17
Miscellaneous income per acre	22.16	7.46	16.85	7.78	49.17	65.90
Gross return per acre	99.43	73.10	75.80	86.82	133.06	184.07

Direct Expenses
Seed	7.76	8.62	7.36	7.16	8.30	6.99
Fertilizer	10.20	8.47	8.47	14.42	8.66	4.27
Crop chemicals	2.86	2.77	2.94	3.49	2.06	1.91
Crop insurance	1.48	2.02	1.88	1.69	0.48	0.53
Fuel & oil	7.98	7.40	8.37	8.35	6.93	7.18
Repairs	13.06	14.51	14.34	11.36	13.96	13.29
Custom hire	3.33	9.85	2.99	1.15	4.77	2.03
Land rent	38.62	67.43	43.57	23.32	39.43	45.87
Machinery & bldg leases	0.37	0.37	1.39	-	-	-
Operating interest	3.22	5.00	2.78	3.20	2.69	3.03
Miscellaneous	0.71	1.16	0.62	0.29	0.80	1.41
Total direct expenses per acre	89.59	127.61	94.71	74.43	88.06	86.51
Return over direct exp per acre	9.84	-54.50	-18.90	12.39	45.00	97.55

Overhead Expenses
Custom hire	0.57	0.24	0.28	1.09	0.31	0.15
Hired labor	3.15	1.60	2.62	4.46	2.01	2.44
Machinery & bldg leases	1.13	0.89	1.67	0.75	0.28	2.81
Farm insurance	1.54	1.48	1.50	1.38	2.07	1.73
Utilities	1.50	1.32	1.04	1.64	1.81	1.80
Dues & professional fees	0.54	0.14	0.51	0.84	0.11	0.65
Interest	4.45	4.15	4.13	4.16	5.13	5.25
Mach & bldg depreciation	10.38	11.83	9.49	7.89	14.47	12.95
Miscellaneous	1.73	2.48	1.90	1.13	1.76	2.37
Total overhead expenses per acre	24.98	24.15	23.13	23.35	27.94	30.14
Total dir & ovhd expenses per acre	114.58	151.76	117.84	97.78	116.00	116.65
Net return per acre	-15.14	-78.65	-42.04	-10.96	17.06	67.41

Lbr & mgt charge per acre	14.17	15.42	14.55	11.61	16.01	17.46
Net return over lbr & mgt	-29.31	-94.07	-56.59	-22.56	1.05	49.95
Government payments	24.09	31.65	30.43	20.46	19.05	20.14
Net return with govt payments	-5.22	-62.42	-26.15	-2.11	20.10	70.09

Cost of Production
Total direct expense per bushel	1.32	2.06	1.66	1.10	1.13	0.96
Total dir & ovhd exp per bushel	1.68	2.46	2.06	1.44	1.49	1.30
With labor & management	1.89	2.70	2.32	1.62	1.70	1.49
Total exp less govt & oth income	1.16	2.07	1.49	1.15	0.73	0.38

Est. labor hours per acre	2.16	1.99	1.94	2.10	2.36	2.53