Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	71	13	13	13	13	15
Number of farms	69	13	13	13	13	14

Acres	46.97	48.40	47.12	49.84	48.63	38.93
Yield per acre (lb)	2,907.07	1,805.66	2,264.73	2,699.18	3,438.14	4,372.55
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per lb	0.08	0.09	0.08	0.07	0.07	0.08
Total product return per acre	221.38	157.75	185.46	195.59	247.67	347.57
Miscellaneous income per acre	36.18	15.97	10.05	44.11	54.17	59.69
Gross return per acre	257.56	173.72	195.51	239.70	301.84	407.26

Direct Expenses
Seed	4.23	20.49	0.52	-	-	1.56
Fertilizer	19.04	41.65	8.56	18.73	11.99	11.63
Crop chemicals	10.73	12.45	8.40	11.36	10.54	11.27
Crop insurance	5.91	6.95	4.36	7.66	6.43	6.14
Fuel & oil	7.84	8.86	7.96	6.74	7.14	8.19
Repairs	14.68	17.58	14.61	10.14	15.41	14.75
Custom hire	1.30	1.11	0.73	0.93	2.12	2.14
Hired labor	0.24	-	0.34	-	0.08	0.92
Land rent	99.69	107.08	104.10	96.74	101.45	95.49
Machinery & bldg leases	0.81	0.72	1.02	2.34	0.19	-
Marketing	0.44	-	0.14	0.73	1.41	-
Operating interest	8.09	9.39	13.06	3.17	8.12	8.13
Miscellaneous	0.61	0.08	0.38	1.04	0.75	0.68
Total direct expenses per acre	173.73	226.36	164.76	159.58	165.64	160.90
Return over direct exp per acre	83.84	-52.64	30.75	80.12	136.20	246.36

Overhead Expenses
Hired labor	5.40	7.58	1.81	7.16	6.15	4.76
Machinery & bldg leases	3.25	3.66	5.72	2.53	2.95	2.31
Farm insurance	2.66	2.75	2.69	2.03	3.78	2.62
Utilities	2.21	2.11	2.30	2.43	2.74	1.52
Dues & professional fees	1.06	0.88	0.50	0.70	3.08	0.10
Interest	5.22	3.11	5.09	3.55	6.07	9.02
Mach & bldg depreciation	18.60	21.71	13.90	18.87	11.59	28.53
Miscellaneous	3.80	7.43	2.73	3.79	2.98	2.51
Total overhead expenses per acre	42.19	49.23	34.74	41.06	39.35	51.36
Total dir & ovhd expenses per acre	215.91	275.59	199.50	200.65	204.99	212.26
Net return per acre	41.65	-101.87	-3.98	39.05	96.85	195.00

Lbr & mgt charge per acre	21.16	15.14	22.16	17.61	24.83	21.42
Net return over lbr & mgt	20.49	-117.01	-26.14	21.44	72.02	173.58
Government payments	4.70	11.91	1.81	0.13	2.65	2.23
Net return with govt payments	25.19	-105.11	-24.33	21.57	74.67	175.80

Cost of Production
Total direct expense per lb	0.06	0.13	0.07	0.06	0.05	0.04
Total dir & ovhd exp per lb	0.07	0.15	0.09	0.07	0.06	0.05
With labor & management	0.08	0.16	0.10	0.08	0.07	0.05
Total exp less govt & oth income	0.07	0.15	0.09	0.06	0.05	0.04

Est. labor hours per acre	1.93	1.43	2.02	2.47	2.23	1.85