Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	350	64	61	59	74	92
Number of farms	285	57	57	56	58	57

Acres	154.43	98.70	133.51	222.96	159.39	159.11
Yield per acre (bushel)	51.78	41.98	48.87	50.52	52.70	58.00
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per bushel	3.49	3.21	3.17	3.50	3.59	3.65
Other product return per acre	0.13	-	-	0.07	-	0.41
Total product return per acre	180.92	134.57	155.01	176.90	189.37	212.13
Miscellaneous income per acre	6.36	4.51	7.06	5.07	6.85	7.55
Gross return per acre	187.28	139.08	162.07	181.97	196.22	219.68

Direct Expenses
Seed	9.61	10.89	9.26	8.99	9.54	9.88
Fertilizer	24.48	22.30	26.25	25.67	26.05	22.09
Crop chemicals	19.75	19.29	20.50	20.36	20.39	18.48
Crop insurance	7.29	6.56	6.57	8.09	6.48	7.94
Drying fuel	0.46	0.09	0.26	0.71	0.23	0.70
Fuel & oil	7.68	8.57	7.61	8.33	6.72	7.53
Repairs	11.58	15.91	11.97	11.10	10.92	10.47
Custom hire	4.00	7.50	4.20	4.59	2.88	2.73
Machinery & bldg leases	0.09	0.04	0.58	0.01	-	-
Marketing	0.24	0.11	0.04	0.76	0.00	0.14
Operating interest	3.35	4.09	3.26	3.58	3.66	2.64
Miscellaneous	0.47	0.93	0.44	0.57	0.42	0.25
Total direct expenses per acre	89.02	96.28	90.94	92.76	87.29	82.84
Return over direct exp per acre	98.26	42.80	71.12	89.20	108.93	136.84

Overhead Expenses
Custom hire	1.57	0.38	0.92	2.30	1.88	1.53
Hired labor	4.22	3.24	3.76	5.09	3.27	4.89
Machinery & bldg leases	1.90	1.57	2.22	2.20	2.37	1.20
RE & pers. property taxes	7.49	8.66	7.06	7.35	7.78	7.12
Farm insurance	3.30	3.37	2.78	3.23	2.82	4.00
Utilities	1.75	2.21	1.49	2.00	1.62	1.57
Dues & professional fees	1.09	1.12	0.84	1.09	1.24	1.11
Interest	26.64	26.94	24.26	29.02	30.78	22.35
Mach & bldg depreciation	9.82	10.86	7.66	9.37	9.49	11.26
Miscellaneous	2.35	1.74	1.71	2.84	2.40	2.48
Total overhead expenses per acre	60.12	60.10	52.69	64.49	63.65	57.49
Total dir & ovhd expenses per acre	149.14	156.37	143.63	157.26	150.94	140.33
Net return per acre	38.14	-17.29	18.43	24.71	45.28	79.35

Lbr & mgt charge per acre	14.36	15.71	15.01	15.21	13.47	13.38
Net return over lbr & mgt	23.78	-33.00	3.42	9.50	31.81	65.97
Government payments	31.77	30.33	29.80	32.98	30.96	33.04
Net return with govt payments	55.54	-2.67	33.22	42.48	62.77	99.00

Cost of Production
Total direct expense per bushel	1.72	2.29	1.86	1.84	1.66	1.43
Total dir & ovhd exp per bushel	2.88	3.72	2.94	3.11	2.86	2.42
With labor & management	3.16	4.10	3.25	3.41	3.12	2.65
Total exp less govt & oth income	2.42	3.27	2.49	2.66	2.40	1.94

Est. labor hours per acre	1.61	1.82	1.81	1.61	1.58	1.44