Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	35	7	7	5	9	6
Number of farms	30	6	6	5	6	6

Acres	124.86	128.20	107.27	172.80	110.32	132.80
Yield per acre (cwt)	15.16	14.86	14.45	14.31	15.77	16.35
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per cwt	10.11	8.28	9.80	10.01	11.45	10.60
Total product return per acre	153.31	123.05	141.50	143.24	180.54	173.30
Miscellaneous income per acre	11.42	-	-	30.73	5.04	23.02
Gross return per acre	164.73	123.05	141.50	173.97	185.58	196.32

Direct Expenses
Seed	17.23	21.00	15.90	16.29	18.01	14.15
Fertilizer	19.79	24.58	21.45	16.88	19.41	16.33
Crop chemicals	15.33	15.82	17.23	14.41	12.30	17.58
Crop insurance	7.62	7.50	7.47	6.21	9.59	6.77
Fuel & oil	9.75	7.79	11.38	10.03	11.65	7.71
Repairs	15.25	13.51	20.69	19.10	11.05	13.11
Custom hire	2.55	2.45	-	8.70	1.08	0.44
Hired labor	0.15	-	-	0.75	-	-
Land rent	47.51	59.69	45.58	53.28	41.44	37.96
Operating interest	4.79	6.87	8.79	1.88	2.87	4.22
Miscellaneous	0.23	0.53	0.31	0.06	0.24	-
Total direct expenses per acre	140.18	159.73	148.82	147.60	127.64	118.28
Return over direct exp per acre	24.55	-36.68	-7.32	26.37	57.93	78.04

Overhead Expenses
Custom hire	1.70	2.55	2.92	1.17	1.64	0.38
Hired labor	4.08	2.76	5.28	2.22	5.15	5.48
Machinery & bldg leases	6.73	3.57	3.10	1.14	16.77	7.86
Farm insurance	2.72	3.03	1.26	2.19	2.01	5.21
Utilities	2.23	1.72	2.59	2.09	1.69	3.37
Dues & professional fees	1.12	0.93	1.58	1.05	1.28	0.85
Interest	5.66	5.55	6.76	7.65	4.54	3.68
Mach & bldg depreciation	10.49	8.57	11.61	16.54	7.43	9.43
Miscellaneous	3.31	0.77	2.06	2.10	8.12	2.76
Total overhead expenses per acre	38.04	29.45	37.16	36.15	48.64	39.02
Total dir & ovhd expenses per acre	178.22	189.17	185.98	183.74	176.28	157.30
Net return per acre	-13.49	-66.13	-44.47	-9.77	9.30	39.02

Lbr & mgt charge per acre	19.69	16.49	22.65	19.04	17.46	23.43
Net return over lbr & mgt	-33.18	-82.62	-67.12	-28.82	-8.16	15.59
Government payments	32.01	24.20	36.43	32.95	33.44	35.55
Net return with govt payments	-1.17	-58.42	-30.69	4.13	25.28	51.14

Cost of Production
Total direct expense per cwt	9.25	10.75	10.30	10.32	8.09	7.23
Total dir & ovhd exp per cwt	11.76	12.73	12.87	12.84	11.18	9.62
With labor & management	13.06	13.84	14.44	14.17	12.29	11.05
Total exp less govt & oth income	10.19	12.21	11.92	9.72	9.85	7.47

Est. labor hours per acre	1.60	1.42	2.18	1.20	1.29	2.03