Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	1207	252	249	242	221	243
Number of farms	1059	211	212	212	212	212

Acres	110.58	102.79	114.52	107.65	127.82	101.89
Yield per acre (bushel)	42.47	31.41	39.50	44.10	46.21	51.49
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	5.11	5.08	5.09	5.13	5.13	5.13
Other product return per acre	0.01	-	-	0.07	-	-
Total product return per acre	217.19	159.55	201.15	226.13	236.87	264.08
Miscellaneous income per acre	9.30	6.16	6.91	6.11	10.24	17.60
Gross return per acre	226.48	165.71	208.06	232.24	247.10	281.68

Direct Expenses
Seed	18.41	18.72	19.44	19.16	16.65	18.12
Fertilizer	3.78	6.76	4.16	3.30	2.55	2.14
Crop chemicals	20.02	20.06	20.98	20.74	19.59	18.59
Crop insurance	9.53	9.08	9.60	10.29	9.32	9.39
Fuel & oil	9.42	10.01	9.60	9.59	9.28	8.55
Repairs	17.83	18.18	17.91	18.95	18.20	15.77
Custom hire	3.21	4.41	3.33	3.68	2.88	1.71
Hired labor	0.30	0.56	0.14	0.35	0.38	0.08
Machinery & bldg leases	0.55	0.62	0.53	0.61	0.53	0.44
Marketing	0.68	0.25	0.39	0.98	1.23	0.53
Operating interest	6.48	6.46	8.01	6.90	5.64	5.26
Miscellaneous	0.89	1.25	0.56	0.87	0.87	0.92
Total direct expenses per acre	91.12	96.44	94.65	95.46	87.11	81.50
Return over direct exp per acre	135.36	69.28	113.41	136.78	159.99	200.18

Overhead Expenses
Custom hire	0.47	0.87	0.40	0.20	0.54	0.35
Hired labor	4.76	3.02	5.64	3.88	4.51	6.76
Machinery & bldg leases	2.48	2.44	2.25	2.45	2.76	2.51
RE & pers. property taxes	11.24	8.65	10.26	10.90	12.46	14.06
Farm insurance	3.39	3.32	3.24	3.49	3.57	3.34
Utilities	2.48	2.60	2.43	2.47	2.34	2.61
Dues & professional fees	0.96	1.30	0.94	0.89	0.66	1.04
Interest	43.16	32.25	46.88	41.48	52.47	41.45
Mach & bldg depreciation	18.85	14.25	15.68	17.49	21.56	25.64
Miscellaneous	3.86	3.17	4.12	3.28	4.49	4.17
Total overhead expenses per acre	91.66	71.87	91.84	86.53	105.36	101.93
Total dir & ovhd expenses per acre	182.78	168.31	186.49	181.99	192.47	183.43
Net return per acre	43.70	-2.59	21.56	50.25	54.63	98.25

Lbr & mgt charge per acre	23.42	21.94	22.31	23.65	23.21	26.25
Net return over lbr & mgt	20.28	-24.54	-0.74	26.61	31.42	71.99
Government payments	32.44	29.97	29.95	31.88	33.95	36.75
Net return with govt payments	52.71	5.43	29.21	58.48	65.36	108.74

Cost of Production
Total direct expense per bushel	2.15	3.07	2.40	2.16	1.89	1.58
Total dir & ovhd exp per bushel	4.30	5.36	4.72	4.13	4.17	3.56
With labor & management	4.86	6.06	5.29	4.66	4.67	4.07
Total exp less govt & oth income	3.87	4.91	4.35	3.80	3.71	3.02

Est. labor hours per acre	2.11	2.35	2.26	1.96	1.97	2.01