Farm Business Management -- Reports -- Minnesota STATEWIDE

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

Number of fields	112	19	23	22	17	25
Number of farms	71	14	14	13	13	14

Acres	113.51	77.87	149.00	123.96	95.46	112.77
Yield per acre (bushel)	50.19	48.84	49.43	48.06	49.63	56.00
Operators share of yield %	65.01	67.75	56.84	69.03	67.80	67.61
Value per bushel	3.36	3.03	3.32	3.52	3.37	3.45
Other product return per acre	0.03	-	-	-	-	0.14
Total product return per acre	109.91	101.42	92.44	117.44	113.29	130.81
Miscellaneous income per acre	7.06	-	3.30	4.04	9.08	15.10
Gross return per acre	116.97	101.42	95.73	121.48	122.37	145.92

Direct Expenses
Seed	8.87	10.30	8.45	7.33	9.02	9.65
Fertilizer	21.78	25.18	21.25	19.54	22.30	21.92
Crop chemicals	14.85	17.45	16.18	18.83	11.57	11.51
Crop insurance	4.45	4.44	3.36	5.41	5.41	4.60
Fuel & oil	7.65	10.30	7.08	8.30	8.71	5.99
Repairs	12.29	18.94	11.71	14.86	9.99	8.51
Custom hire	2.79	4.61	1.02	5.26	4.76	0.95
Hired labor	0.29	1.59	-	0.44	-	0.05
Operating interest	2.85	3.25	3.17	3.04	2.04	2.70
Miscellaneous	0.24	-	0.34	0.53	0.04	0.10
Total direct expenses per acre	76.06	96.07	72.56	83.55	73.83	65.98
Return over direct exp per acre	40.92	5.36	23.18	37.94	48.54	79.94

Overhead Expenses
Custom hire	0.46	0.51	0.20	0.49	1.47	0.17
Hired labor	3.91	2.54	3.36	5.81	3.69	3.17
Machinery & bldg leases	2.83	2.37	2.34	5.52	1.57	2.03
RE & pers. property taxes	0.11	0.97	-	-	-	-
Farm insurance	2.68	3.35	2.51	2.39	2.25	2.67
Utilities	1.45	2.37	0.95	1.56	1.18	1.64
Dues & professional fees	1.15	0.58	0.96	1.86	1.38	0.92
Interest	3.46	4.03	2.49	3.77	5.26	2.74
Mach & bldg depreciation	9.25	8.57	10.56	8.07	8.30	10.15
Miscellaneous	2.24	3.18	2.30	1.27	2.03	2.95
Total overhead expenses per acre	27.56	28.45	25.67	30.74	27.13	26.45
Total dir & ovhd expenses per acre	103.62	124.51	98.23	114.29	100.96	92.43
Net return per acre	13.36	-23.09	-2.50	7.20	21.40	53.49

Lbr & mgt charge per acre	14.01	15.18	14.24	15.36	15.00	11.51
Net return over lbr & mgt	-0.66	-38.27	-16.74	-8.16	6.40	41.99
Government payments	20.45	17.18	18.84	21.37	17.70	25.27
Net return with govt payments	19.79	-21.09	2.11	13.22	24.10	67.25

Cost of Production
Total direct expense per bushel	2.33	2.90	2.58	2.52	2.19	1.74
Total dir & ovhd exp per bushel	3.18	3.76	3.50	3.45	3.00	2.44
With labor & management	3.60	4.22	4.00	3.91	3.45	2.74
Total exp less govt & oth income	2.76	3.70	3.21	3.14	2.65	1.67

Est. labor hours per acre	1.42	2.09	1.54	1.55	1.44	0.97