Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	76	15	15	14	16	15
Number of farms	75	15	15	14	15	15

Acres	71.52	68.38	73.15	81.69	75.89	59.89
Yield per acre (ton)	5.93	4.85	5.65	6.64	6.36	6.02
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	41.81	41.97	41.69	39.63	42.65	43.69
Total product return per acre	247.78	203.38	235.38	262.92	271.26	263.17
Miscellaneous income per acre	7.90	1.73	-	2.83	0.04	42.17
Gross return per acre	255.68	205.11	235.38	265.75	271.31	305.34

Direct Expenses
Seed	3.17	7.86	3.92	0.14	3.23	0.86
Fertilizer	33.04	38.71	34.47	42.24	20.58	32.00
Crop chemicals	25.87	26.50	22.44	29.86	26.61	22.10
Crop insurance	4.25	5.55	4.46	3.47	3.20	4.76
Fuel & oil	9.61	10.71	9.73	10.32	8.41	8.93
Repairs	20.67	31.36	20.27	21.41	16.40	13.56
Custom hire	2.56	5.15	2.14	0.89	2.10	3.05
Hired labor	0.30	1.40	0.18	-	-	-
Land rent	100.07	99.63	107.27	100.64	105.91	84.08
Machinery & bldg leases	0.41	0.80	0.44	0.76	-	0.08
Operating interest	8.58	9.56	8.88	8.91	9.29	5.66
Miscellaneous	1.75	3.80	0.98	0.86	1.50	1.89
Total direct expenses per acre	210.28	241.02	215.18	219.51	197.23	176.95
Return over direct exp per acre	45.40	-35.91	20.19	46.24	74.08	128.38

Overhead Expenses
Hired labor	8.05	1.83	11.05	4.90	12.18	10.43
Machinery & bldg leases	3.45	2.59	4.46	3.63	3.87	2.60
Farm insurance	3.55	3.68	3.01	3.47	3.36	4.56
Utilities	2.66	2.69	3.09	3.14	2.52	1.76
Dues & professional fees	1.01	1.04	0.67	1.24	1.04	1.00
Interest	4.94	5.12	4.51	6.95	3.26	4.72
Mach & bldg depreciation	17.82	20.08	14.93	27.89	11.96	14.40
Miscellaneous	5.75	11.22	3.78	1.42	6.81	6.28
Total overhead expenses per acre	47.24	48.25	45.51	52.64	45.01	45.76
Total dir & ovhd expenses per acre	257.52	289.27	260.69	272.15	242.24	222.71
Net return per acre	-1.83	-84.16	-25.31	-6.40	29.06	82.63

Lbr & mgt charge per acre	23.79	26.22	22.24	25.81	13.95	33.44
Net return over lbr & mgt	-25.62	-110.38	-47.56	-32.21	15.12	49.19
Government payments	3.64	4.10	-	-	10.97	2.49
Net return with govt payments	-21.99	-106.28	-47.56	-32.21	26.09	51.68

Cost of Production
Total direct expense per ton	35.48	49.73	38.11	33.08	31.01	29.38
Total dir & ovhd exp per ton	43.45	59.69	46.17	41.02	38.09	36.97
With labor & management	47.47	65.10	50.11	44.91	40.28	42.52
Total exp less govt & oth income	45.52	63.90	50.11	44.48	38.55	35.11

Est. labor hours per acre	1.98	2.56	1.80	1.71	1.41	2.63