Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	1899	348	423	378	390	360
Number of farms	1332	266	266	267	266	267

Acres	188.86	172.76	203.97	207.21	202.68	152.42
Yield per acre (bushel)	40.91	35.14	39.97	40.43	43.21	46.11
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	5.12	5.09	5.12	5.12	5.10	5.20
Other product return per acre	0.01	-	-	0.01	-	0.04
Total product return per acre	209.57	178.81	204.45	207.07	220.16	239.67
Miscellaneous income per acre	9.34	7.71	5.81	8.02	10.76	16.50
Gross return per acre	218.91	186.52	210.25	215.09	230.92	256.16

Direct Expenses
Seed	18.38	20.10	19.24	17.26	17.97	17.35
Fertilizer	4.07	5.69	4.85	4.40	2.94	2.21
Crop chemicals	20.09	23.38	20.27	20.45	18.53	17.95
Crop insurance	9.68	11.06	10.48	9.83	8.96	7.72
Fuel & oil	8.72	9.16	8.97	8.42	8.57	8.50
Repairs	15.57	17.98	15.54	15.53	14.86	14.09
Custom hire	3.16	5.71	3.45	2.92	1.92	2.08
Hired labor	0.41	0.82	0.54	0.31	0.18	0.23
Land rent	77.53	79.27	81.91	73.77	78.02	73.43
Machinery & bldg leases	0.84	1.42	0.60	1.18	0.64	0.40
Marketing	0.60	0.88	0.65	0.75	0.26	0.51
Operating interest	6.97	7.94	8.23	6.85	6.28	5.10
Miscellaneous	0.74	1.15	0.73	0.81	0.49	0.56
Total direct expenses per acre	166.78	184.59	175.46	162.47	159.60	150.13
Return over direct exp per acre	52.13	1.92	34.79	52.61	71.33	106.03

Overhead Expenses
Custom hire	0.61	0.90	0.16	0.64	0.56	1.00
Hired labor	4.32	3.33	3.99	4.26	4.84	5.24
Machinery & bldg leases	3.99	2.57	4.31	2.87	5.40	4.61
Farm insurance	2.77	2.89	2.81	2.75	2.45	3.10
Utilities	1.92	1.95	1.95	1.79	1.87	2.14
Dues & professional fees	0.93	1.03	0.87	0.75	0.94	1.13
Interest	5.65	6.19	5.56	5.55	5.40	5.69
Mach & bldg depreciation	14.16	13.24	12.80	14.32	15.06	15.81
Miscellaneous	3.38	2.49	3.79	3.43	3.61	3.29
Total overhead expenses per acre	37.73	34.58	36.24	36.35	40.13	42.01
Total dir & ovhd expenses per acre	204.51	219.18	211.69	198.82	199.73	192.14
Net return per acre	14.40	-32.66	-1.44	16.26	31.20	64.02

Lbr & mgt charge per acre	19.83	21.89	20.12	19.06	17.89	20.99
Net return over lbr & mgt	-5.43	-54.55	-21.56	-2.80	13.30	43.03
Government payments	32.15	33.54	34.44	30.72	31.62	29.86
Net return with govt payments	26.73	-21.01	12.88	27.92	44.92	72.88

Cost of Production
Total direct expense per bushel	4.08	5.25	4.39	4.02	3.69	3.26
Total dir & ovhd exp per bushel	5.00	6.24	5.30	4.92	4.62	4.17
With labor & management	5.48	6.86	5.80	5.39	5.04	4.62
Total exp less govt & oth income	4.47	5.69	4.79	4.43	4.06	3.62

Est. labor hours per acre	1.82	2.10	1.78	1.67	1.81	1.80