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

Operator Information
Average number of operators	1.7	1.1	1.2	1.1	1.2	3.9
Average age of operators	44.3	43.6	44.2	45.2	44.1	44.3
Average number of years farming	21.0	19.7	20.6	22.0	20.8	22.0

Results Per Operator
Working capital	37,031	-3,947	14,567	34,608	56,069	50,077
Total assets (market)	552,469	606,651	516,513	709,151	825,535	421,433
Total liabilities	305,692	373,619	292,739	389,349	443,096	225,608
Net worth (market)	246,777	233,031	223,774	319,802	382,439	195,826
Net worth excl deferred liabs	292,603	277,119	261,863	378,405	448,695	234,686

Gross farm income	200,551	167,318	159,532	229,463	308,420	181,310
Total farm expense	167,499	178,206	143,683	192,942	250,478	139,434
Net farm income	33,051	-10,888	15,849	36,522	57,942	41,876

Net nonfarm income	11,020	27,903	18,304	14,816	11,276	3,002
Family living withdrawals	23,696	28,710	25,769	32,582	35,849	15,495

Total acres owned	161.4	204.2	176.3	215.4	229.7	109.1
Total crop acres	410.4	364.2	359.8	471.5	666.3	343.6
Crop acres owned	125.5	136.0	124.7	161.4	194.3	91.9
Crop acres cash rented	261.7	206.2	211.0	283.0	433.7	234.2
Crop acres share rented	23.1	21.9	24.1	27.1	38.3	17.5
Total pasture acres	5.8	12.5	11.8	5.6	6.5	2.0

Labor Analysis
Number of farms	1970	402	384	394	385	405
Total unpaid labor hours	2,669	2,123	2,260	2,630	2,971	3,351
Total hired labor hours	896	490	428	558	822	2,140
Total labor hours per farm	3,565	2,613	2,689	3,189	3,793	5,491
Unpaid hours per operator	1,502	1,983	1,882	2,399	2,514	788
Value of farm production / hour	79.98	53.11	58.92	66.26	83.58	107.82
Net farm income / unpaid hour	21.21	-5.71	8.37	15.29	23.21	49.18

Partnerships
Number of farms	112	8	16	12	20	56
Number of operators	2.1	1.8	1.9	1.9	2.0	2.3
Owner withdrawals per farm	67,897.0	42,548.8	29,792.9	31,292.3	51,608.5	96,066.2
Withdrawals per operator	31,911.3	24,313.6	15,732.2	16,326.4	25,174.9	41,382.4