Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	299	65	56	56	61	61
Number of farms	216	43	43	43	43	44

Acres	103.81	93.02	96.35	127.70	95.63	108.38
Yield per acre (bushel)	41.41	32.58	41.15	41.53	42.83	48.32
Operators share of yield %	58.43	61.22	54.84	59.22	56.38	59.75
Value per bushel	5.08	4.95	5.07	5.06	5.16	5.14
Total product return per acre	121.45	96.19	113.25	122.11	124.11	148.19
Miscellaneous income per acre	4.45	5.77	2.96	3.25	6.24	4.20
Gross return per acre	125.91	101.96	116.21	125.36	130.36	152.39

Direct Expenses
Seed	13.84	17.25	13.48	14.19	12.18	12.12
Fertilizer	2.08	2.65	2.09	1.02	1.32	3.38
Crop chemicals	14.65	19.17	13.98	15.08	12.83	12.23
Crop insurance	5.56	6.46	6.31	6.02	4.35	4.68
Fuel & oil	9.07	10.30	8.84	9.77	8.50	7.86
Repairs	15.60	17.44	16.05	16.35	15.80	12.55
Custom hire	2.72	3.64	6.83	1.45	1.50	0.96
Machinery & bldg leases	0.65	0.96	0.59	0.74	0.18	0.73
Marketing	0.41	0.89	0.80	0.22	0.10	0.14
Operating interest	5.63	6.67	7.60	6.44	4.31	3.34
Miscellaneous	0.58	0.67	0.58	0.48	0.58	0.62
Total direct expenses per acre	70.79	86.11	77.15	71.76	61.64	58.60
Return over direct exp per acre	55.12	15.85	39.06	53.60	68.72	93.78

Overhead Expenses
Hired labor	3.82	4.56	3.60	4.84	3.87	2.15
Machinery & bldg leases	2.21	2.02	2.98	1.92	2.00	2.25
Farm insurance	2.60	3.67	2.24	2.65	2.32	2.11
Utilities	2.08	2.46	2.04	1.98	2.14	1.81
Dues & professional fees	0.92	1.02	0.73	1.49	0.70	0.58
Interest	4.67	4.85	5.73	6.42	3.18	3.05
Mach & bldg depreciation	12.71	12.64	11.45	11.40	13.02	14.94
Miscellaneous	3.09	3.72	3.02	3.36	3.20	2.20
Total overhead expenses per acre	32.09	34.94	31.78	34.06	30.42	29.08
Total dir & ovhd expenses per acre	102.88	121.05	108.93	105.82	92.06	87.69
Net return per acre	23.03	-19.08	7.28	19.54	38.30	64.70

Lbr & mgt charge per acre	20.52	19.96	19.31	19.34	21.51	22.42
Net return over lbr & mgt	2.51	-39.04	-12.03	0.20	16.79	42.28
Government payments	17.54	17.03	17.61	18.47	16.91	17.49
Net return with govt payments	20.05	-22.01	5.58	18.67	33.69	59.77

Cost of Production
Total direct expense per bushel	2.93	4.32	3.42	2.92	2.55	2.03
Total dir & ovhd exp per bushel	4.25	6.07	4.83	4.30	3.81	3.04
With labor & management	5.10	7.07	5.68	5.09	4.70	3.81
Total exp less govt & oth income	4.19	5.93	4.77	4.21	3.74	3.06

Est. labor hours per acre	1.67	1.78	1.52	1.97	1.41	1.61