Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	136	26	26	27	29	27
Number of farms	134	26	26	27	27	27

Acres	30.14	31.78	44.68	25.85	25.87	20.49
Yield per acre (bushel)	70.01	49.37	65.77	75.15	79.18	94.54
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	1.06	1.06	1.02	1.03	1.09	1.06
Other product return per acre	3.63	-	0.75	-	1.08	23.86
Total product return per acre	77.56	52.33	67.93	77.77	87.01	124.37
Miscellaneous income per acre	31.46	5.31	10.03	40.44	52.54	81.89
Gross return per acre	109.02	57.63	77.96	118.21	139.55	206.25

Direct Expenses
Seed	8.23	8.35	7.10	9.18	8.26	10.18
Fertilizer	8.85	8.66	11.01	9.52	7.33	5.68
Crop chemicals	2.92	4.28	2.79	3.99	1.64	1.49
Crop insurance	1.95	2.30	1.91	1.79	1.19	2.73
Drying fuel	0.27	-	0.61	-	-	-
Fuel & oil	7.83	8.40	7.17	9.43	6.60	8.00
Repairs	15.91	21.49	13.48	16.76	12.23	15.44
Custom hire	3.15	4.73	2.43	4.12	2.77	2.20
Machinery & bldg leases	0.23	0.47	-	-	0.64	0.16
Marketing	0.14	0.68	-	-	-	0.04
Operating interest	1.79	2.56	1.44	1.25	1.59	2.69
Miscellaneous	1.33	0.55	0.41	2.08	0.97	4.22
Total direct expenses per acre	52.61	62.45	48.34	58.11	43.21	52.84
Return over direct exp per acre	56.41	-4.81	29.62	60.10	96.33	153.41

Overhead Expenses
Custom hire	0.54	0.80	0.80	0.26	0.50	0.14
Hired labor	3.93	2.23	5.15	4.37	3.68	4.32
Machinery & bldg leases	1.01	1.66	0.42	1.69	0.10	1.83
RE & pers. property taxes	5.13	6.17	4.17	5.43	4.59	6.49
Farm insurance	2.01	2.32	1.46	2.11	2.60	1.76
Utilities	1.64	1.71	1.20	1.90	1.51	2.28
Dues & professional fees	0.44	0.52	0.22	0.22	0.73	0.33
Interest	19.42	24.27	16.15	14.79	20.63	25.51
Mach & bldg depreciation	12.37	14.12	12.47	11.67	11.60	10.89
Miscellaneous	2.04	1.67	1.56	1.95	2.49	3.06
Total overhead expenses per acre	48.52	55.46	43.61	44.40	48.42	56.62
Total dir & ovhd expenses per acre	101.13	117.91	91.95	102.51	91.64	109.46
Net return per acre	7.89	-60.28	-13.99	15.71	47.91	96.79

Lbr & mgt charge per acre	14.77	17.27	11.52	18.17	12.72	16.77
Net return over lbr & mgt	-6.89	-77.55	-25.50	-2.47	35.19	80.02
Government payments	19.34	19.16	15.01	16.52	25.61	24.27
Net return with govt payments	12.45	-58.39	-10.49	14.06	60.80	104.30

Cost of Production
Total direct expense per bushel	0.75	1.26	0.74	0.77	0.55	0.56
Total dir & ovhd exp per bushel	1.44	2.39	1.40	1.36	1.16	1.16
With labor & management	1.66	2.74	1.57	1.61	1.32	1.34
Total exp less govt & oth income	0.88	2.24	1.18	0.85	0.32	-0.04

Est. labor hours per acre	2.48	2.83	2.31	2.71	2.28	2.19