Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of farms	2282	454	456	454	459	459

Profitability (assets valued at cost)
Net farm income	56,283	-11,854	18,860	40,326	68,924	164,000
Labor and management earnings	38,256	-21,510	9,671	26,889	49,361	125,907
Rate of return on assets	8.9 %	-1.7 %	4.8 %	7.9 %	10.1 %	13.9 %
Rate of return on equity	10.6 %	-19.4 %	-0.1 %	8.3 %	12.9 %	19.7 %
Operating profit margin	19.9 %	-5.3 %	11.3 %	18.8 %	21.5 %	27.7 %
Asset turnover rate	44.9 %	33.1 %	42.1 %	42.3 %	46.9 %	50.1 %

Interest on farm net worth	18,027	9,656	9,189	13,438	19,563	38,093
Farm interest expense	25,403	21,436	18,518	21,631	25,567	39,732
Value of operator lbr and mgmt.	25,110	17,006	19,042	22,204	27,483	39,654
Return on farm assets	56,576	-7,425	18,336	39,753	67,007	164,078
Average farm assets	632,884	425,599	384,058	500,222	666,302	1,182,909
Return on farm equity	31,173	-28,861	-181	18,122	41,441	124,345
Average farm equity	293,144	148,710	145,686	217,311	320,389	630,260
Value of farm production	284,356	140,664	161,728	211,593	312,366	592,272


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

Number of farms	2292	458	459	458	459	458

Profitability (assets valued at market)
Net farm income	55,517	-631	24,812	42,962	67,461	143,023
Labor and management earnings	32,111	-14,285	10,816	23,927	42,347	97,772
Rate of return on assets	7.0 %	0.7 %	4.7 %	6.4 %	7.8 %	9.9 %
Rate of return on equity	7.8 %	-7.8 %	2.5 %	6.6 %	9.6 %	13.7 %
Operating profit margin	19.7 %	2.7 %	15.1 %	20.1 %	21.0 %	24.1 %
Asset turnover rate	35.4 %	25.7 %	31.4 %	32.0 %	37.3 %	41.0 %

Interest on farm net worth	23,407	13,654	13,996	19,036	25,114	45,251
Farm interest expense	25,359	21,445	18,454	21,563	25,567	39,783
Value of operator lbr and mgmt.	25,066	17,022	18,987	22,146	27,483	39,697
Return on farm assets	55,811	3,793	24,279	42,379	65,544	143,109
Average farm assets	800,015	546,330	512,487	659,655	836,576	1,445,577
Return on farm equity	30,452	-17,652	5,825	20,816	39,977	103,326
Average farm equity	389,034	224,965	231,955	316,970	417,913	753,646
Value of farm production	283,525	140,491	161,058	210,883	312,366	593,033