Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	560	86	106	96	97	175
Number of farms	372	74	74	75	74	75

Acres	248.11	130.21	242.73	335.59	401.69	176.19
Yield per acre (bushel)	49.93	42.20	46.53	49.08	50.64	55.55
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	3.52	3.07	3.35	3.54	3.64	3.62
Other product return per acre	0.03	-	-	0.11	0.02	-
Total product return per acre	175.99	129.49	156.06	173.76	184.50	201.06
Miscellaneous income per acre	8.97	8.94	7.94	7.46	5.98	15.19
Gross return per acre	184.96	138.43	164.00	181.23	190.48	216.25

Direct Expenses
Seed	9.46	10.05	9.58	9.44	9.32	9.34
Fertilizer	25.01	27.69	26.79	24.44	24.50	23.77
Crop chemicals	20.83	15.00	19.62	23.97	21.25	20.16
Crop insurance	7.23	7.17	7.45	7.45	7.49	6.52
Drying fuel	0.34	0.20	0.09	0.23	0.52	0.48
Fuel & oil	7.15	7.31	6.36	7.14	7.60	7.20
Repairs	10.75	11.00	10.39	10.40	11.45	10.41
Custom hire	3.35	3.95	2.85	3.55	2.69	4.19
Land rent	51.12	63.59	55.92	53.37	46.25	46.37
Machinery & bldg leases	0.22	0.07	1.01	0.03	0.09	-
Marketing	0.27	0.12	0.37	0.01	0.11	0.72
Operating interest	3.53	5.06	3.34	3.55	3.78	2.78
Miscellaneous	0.48	0.58	0.58	0.54	0.51	0.28
Total direct expenses per acre	139.74	151.79	144.35	144.12	135.56	132.22
Return over direct exp per acre	45.22	-13.36	19.66	37.11	54.92	84.03

Overhead Expenses
Custom hire	1.55	1.35	1.06	1.47	2.23	1.26
Hired labor	4.15	3.03	3.56	4.05	4.10	5.20
Machinery & bldg leases	3.14	1.94	3.25	3.58	3.76	2.26
Farm insurance	2.87	2.59	3.08	3.20	2.50	2.94
Utilities	1.40	1.65	1.24	1.42	1.39	1.44
Dues & professional fees	1.04	0.70	0.95	1.04	1.08	1.19
Interest	3.69	4.79	3.99	3.90	3.33	3.27
Mach & bldg depreciation	7.80	7.68	6.76	7.60	7.39	9.42
Miscellaneous	1.92	2.03	1.81	2.09	1.86	1.88
Total overhead expenses per acre	27.57	25.76	25.69	28.36	27.64	28.86
Total dir & ovhd expenses per acre	167.31	177.55	170.04	172.48	163.20	161.08
Net return per acre	17.65	-39.12	-6.03	8.75	27.28	55.17

Lbr & mgt charge per acre	14.07	14.87	12.89	15.51	13.48	14.02
Net return over lbr & mgt	3.58	-53.99	-18.93	-6.76	13.80	41.15
Government payments	31.51	28.97	31.88	32.80	31.99	30.16
Net return with govt payments	35.09	-25.02	12.96	26.04	45.79	71.31

Cost of Production
Total direct expense per bushel	2.80	3.60	3.10	2.94	2.68	2.38
Total dir & ovhd exp per bushel	3.35	4.21	3.65	3.51	3.22	2.90
With labor & management	3.63	4.56	3.93	3.83	3.49	3.15
Total exp less govt & oth income	2.82	3.66	3.08	3.01	2.74	2.34

Est. labor hours per acre	1.37	1.57	1.41	1.27	1.34	1.41