Farm Business Management -- Reports -- State-wide Minnesota 2003

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

Number of fields	413	83	80	81	85	84
Number of farms	402	80	80	81	80	81

Acres	41.38	37.17	39.48	44.10	46.99	39.03
Yield per acre (ton)	18.13	9.94	15.29	18.61	20.86	24.70
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	18.99	17.93	18.35	18.50	19.14	20.01
Total product return per acre	344.17	178.27	280.55	344.26	399.34	494.25
Miscellaneous income per acre	23.88	25.72	21.77	21.24	20.32	31.39
Gross return per acre	368.05	203.99	302.32	365.50	419.66	525.64

Direct Expenses
Seed	37.53	32.15	36.63	39.44	38.82	39.81
Fertilizer	35.66	34.92	33.90	39.03	35.32	34.79
Crop chemicals	28.21	23.21	28.45	29.53	29.51	29.68
Crop insurance	7.08	5.91	7.30	6.81	6.88	8.49
Fuel & oil	20.12	21.08	18.65	19.44	21.50	19.66
Repairs	34.46	36.61	29.42	39.66	35.35	30.57
Custom hire	18.93	19.51	30.16	16.53	17.13	12.36
Machinery & bldg leases	0.30	0.31	0.31	0.65	0.17	0.03
Marketing	0.30	-	-	1.21	0.22	-
Operating interest	3.78	3.46	4.19	4.11	3.60	3.52
Miscellaneous	5.06	7.15	3.97	5.77	3.78	4.92
Total direct expenses per acre	191.42	184.32	192.99	202.17	192.29	183.82
Return over direct exp per acre	176.63	19.68	109.33	163.33	227.37	341.82

Overhead Expenses
Custom hire	6.78	5.51	5.62	6.53	9.43	6.13
Hired labor	14.69	13.90	10.28	10.23	20.32	17.66
Machinery & bldg leases	4.43	3.31	5.00	1.49	5.22	7.16
RE & pers. property taxes	7.35	6.77	6.67	7.27	7.75	8.12
Farm insurance	5.01	4.42	5.01	5.22	5.51	4.71
Utilities	3.19	3.37	2.84	3.07	2.83	3.93
Dues & professional fees	1.30	1.31	1.24	0.78	2.05	0.99
Interest	37.20	24.77	34.41	35.63	44.77	44.07
Mach & bldg depreciation	29.20	27.59	27.11	27.56	29.29	34.42
Miscellaneous	5.93	4.88	5.41	5.64	6.16	7.48
Total overhead expenses per acre	115.07	95.83	103.60	103.41	133.33	134.67
Total dir & ovhd expenses per acre	306.49	280.15	296.59	305.58	325.62	318.49
Net return per acre	61.56	-76.15	5.73	59.92	94.04	207.15

Lbr & mgt charge per acre	28.19	28.95	29.21	29.27	26.00	27.99
Net return over lbr & mgt	33.37	-105.10	-23.48	30.65	68.03	179.17
Government payments	15.84	11.58	16.79	16.65	16.43	17.33
Net return with govt payments	49.21	-93.53	-6.69	47.31	84.47	196.50

Cost of Production
Total direct expense per ton	10.56	18.54	12.63	10.86	9.22	7.44
Total dir & ovhd exp per ton	16.91	28.18	19.40	16.42	15.61	12.89
With labor & management	18.46	31.09	21.31	17.99	16.85	14.03
Total exp less govt & oth income	16.27	27.34	18.79	15.96	15.09	12.05

Est. labor hours per acre	4.93	4.80	4.80	4.87	5.04	5.12