Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	88	14	18	16	19	16
Number of farms	64	12	12	12	12	13

Acres	102.74	101.46	99.39	69.84	122.67	115.21
Yield per acre (ton)	19.00	18.22	19.16	21.51	19.10	16.24
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	30.11	26.86	30.78	30.07	31.05	31.36
Total product return per acre	571.97	489.34	589.74	646.75	593.11	509.26
Miscellaneous income per acre	94.71	33.86	54.23	7.71	104.66	247.08
Gross return per acre	666.68	523.20	643.97	654.46	697.77	756.34

Direct Expenses
Seed	41.04	40.43	47.88	44.37	39.13	35.14
Fertilizer	29.55	31.87	32.82	27.27	29.23	24.52
Crop chemicals	102.45	122.82	90.50	108.50	110.38	81.45
Crop insurance	18.02	19.01	26.37	13.66	15.62	11.49
Fuel & oil	31.93	25.23	33.44	34.12	31.90	31.90
Repairs	54.33	40.97	67.67	49.59	56.79	45.97
Custom hire	18.75	28.80	16.78	28.88	14.08	16.97
Hired labor	13.18	10.25	17.94	7.05	13.09	6.73
Machinery & bldg leases	6.21	36.67	2.25	-	-	-
Marketing	25.05	68.86	45.95	5.16	17.25	0.28
Operating interest	19.05	29.72	20.76	18.35	14.06	13.55
Miscellaneous	4.29	12.19	6.77	1.06	2.50	0.69
Total direct expenses per acre	363.83	466.82	409.13	337.99	344.03	268.70
Return over direct exp per acre	302.85	56.39	234.84	316.47	353.74	487.64

Overhead Expenses
Custom hire	3.85	1.63	5.18	4.06	4.37	3.90
Hired labor	28.46	16.00	31.40	29.66	38.71	14.10
Machinery & bldg leases	7.05	-8.43	15.04	14.25	6.65	8.23
RE & pers. property taxes	11.60	13.19	10.68	8.31	14.04	10.01
Farm insurance	5.05	5.74	4.31	4.62	5.95	3.77
Utilities	6.41	4.58	7.90	5.55	7.60	4.90
Dues & professional fees	5.57	2.30	2.91	5.41	9.10	5.38
Interest	62.26	72.89	92.17	46.40	48.09	53.45
Mach & bldg depreciation	50.23	39.30	46.78	50.66	52.89	56.59
Miscellaneous	9.78	8.61	9.60	15.68	6.03	11.77
Total overhead expenses per acre	190.25	155.80	225.97	184.58	193.45	172.10
Total dir & ovhd expenses per acre	554.08	622.62	635.10	522.57	537.48	440.80
Net return per acre	112.60	-99.41	8.87	131.89	160.29	315.54

Lbr & mgt charge per acre	64.89	51.01	51.05	72.66	71.30	74.98
Net return over lbr & mgt	47.72	-150.42	-42.18	59.23	88.99	240.57
Government payments	34.12	30.79	35.77	35.87	35.40	30.22
Net return with govt payments	81.84	-119.63	-6.41	95.10	124.39	270.79

Cost of Production
Total direct expense per ton	19.15	25.63	21.35	15.72	18.01	16.55
Total dir & ovhd exp per ton	29.17	34.18	33.14	24.30	28.14	27.14
With labor & management	32.58	36.98	35.81	27.68	31.87	31.76
Total exp less govt & oth income	25.80	33.43	31.11	25.65	24.54	14.68

Est. labor hours per acre	6.43	4.89	6.97	7.54	6.87	5.59