Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	221	34	47	43	44	51
Number of farms	129	25	25	26	26	26

Acres	149.05	160.13	171.39	157.15	177.09	94.93
Yield per acre (ton)	19.31	16.39	20.55	18.49	21.84	17.57
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	29.94	26.25	29.85	30.57	30.56	31.82
Total product return per acre	578.13	430.28	613.37	565.12	667.61	559.25
Miscellaneous income per acre	87.02	71.49	40.16	93.69	38.72	251.75
Gross return per acre	665.15	501.77	653.54	658.81	706.33	811.00

Direct Expenses
Seed	41.33	40.51	40.81	44.41	40.93	39.51
Fertilizer	31.62	33.31	29.28	30.64	33.85	31.39
Crop chemicals	113.43	130.92	117.83	108.06	110.22	99.19
Crop insurance	17.03	22.28	16.59	17.45	15.39	14.08
Fuel & oil	29.40	28.56	29.27	30.61	31.42	25.38
Repairs	47.77	42.95	52.22	47.84	53.46	36.59
Custom hire	14.88	21.36	12.58	16.50	15.84	7.31
Hired labor	11.27	6.87	10.52	13.12	16.70	6.29
Land rent	73.64	69.20	75.22	71.36	74.87	77.48
Machinery & bldg leases	6.77	22.73	12.17	0.20	-	-
Marketing	79.02	113.63	125.10	61.06	38.56	52.27
Operating interest	18.33	23.50	22.43	18.01	15.27	11.10
Miscellaneous	2.44	5.47	0.75	2.69	1.67	2.75
Total direct expenses per acre	486.95	561.29	544.77	461.95	448.19	403.32
Return over direct exp per acre	178.20	-59.52	108.76	196.86	258.14	407.68

Overhead Expenses
Custom hire	7.90	6.30	14.89	3.86	3.17	11.14
Hired labor	25.09	22.64	16.32	28.32	37.19	18.60
Machinery & bldg leases	12.95	3.10	16.59	15.79	14.26	11.73
Farm insurance	4.85	4.55	4.71	4.22	6.55	3.59
Utilities	5.46	4.84	5.65	4.86	6.50	4.95
Dues & professional fees	4.41	2.05	3.05	5.68	6.72	3.84
Interest	23.63	20.59	24.23	30.46	21.57	19.86
Mach & bldg depreciation	36.18	32.36	34.59	33.17	44.73	33.95
Miscellaneous	9.41	12.79	9.60	7.34	8.84	8.88
Total overhead expenses per acre	129.88	109.22	129.64	133.70	149.54	116.54
Total dir & ovhd expenses per acre	616.82	670.50	674.41	595.65	597.72	519.86
Net return per acre	48.33	-168.74	-20.87	63.16	108.60	291.14

Lbr & mgt charge per acre	62.18	56.80	52.53	65.90	72.80	61.62
Net return over lbr & mgt	-13.86	-225.54	-73.40	-2.74	35.80	229.52
Government payments	31.86	32.77	30.20	32.41	33.15	30.75
Net return with govt payments	17.58	-195.33	-43.20	29.67	68.96	260.27

Cost of Production
Total direct expense per ton	25.22	34.24	26.51	24.99	20.52	22.95
Total dir & ovhd exp per ton	31.95	40.91	32.82	32.22	27.37	29.58
With labor & management	35.17	44.37	35.38	35.78	30.70	33.09
Total exp less govt & oth income	29.01	38.01	31.95	28.96	27.41	17.01

Est. labor hours per acre	5.66	4.84	5.28	6.35	6.29	5.19