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	443	90	91	85	90	87
Number of farms	405	81	81	81	81	81

Acres	56.34	59.19	57.26	55.36	50.38	59.56
Yield per acre (ton)	4.19	2.80	3.75	4.15	4.64	5.72
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	86.55	70.13	83.54	82.81	86.78	99.10
Total product return per acre	363.00	196.68	313.43	343.77	402.38	566.80
Miscellaneous income per acre	1.52	3.55	3.34	-	0.37	-
Gross return per acre	364.52	200.23	316.77	343.77	402.75	566.80

Direct Expenses
Seed	0.25	0.85	-	0.12	-	0.24
Fertilizer	20.86	22.48	25.65	21.23	16.01	18.28
Crop chemicals	5.09	1.48	8.45	3.62	6.03	5.96
Crop insurance	1.34	0.92	2.18	0.95	0.48	2.02
Fuel & oil	17.86	15.46	17.41	18.32	18.83	19.50
Repairs	29.50	29.50	30.33	28.68	27.78	30.89
Custom hire	18.95	30.40	24.09	13.18	15.30	10.43
Land rent	72.85	48.66	73.32	74.69	78.71	90.44
Operating interest	4.11	4.61	4.97	3.73	3.96	3.17
Miscellaneous	5.32	6.77	5.71	4.40	5.89	3.78
Total direct expenses per acre	176.12	161.13	192.11	168.91	173.00	184.73
Return over direct exp per acre	188.40	39.10	124.66	174.86	229.75	382.08

Overhead Expenses
Custom hire	4.09	2.30	5.80	6.34	4.24	2.06
Hired labor	12.45	9.69	11.98	10.74	12.52	17.26
Machinery & bldg leases	4.26	4.29	3.46	1.77	5.07	6.61
Farm insurance	4.32	3.64	4.52	4.75	4.42	4.31
Utilities	3.19	3.36	3.63	3.01	3.06	2.84
Dues & professional fees	1.68	1.73	1.56	1.52	1.27	2.26
Interest	7.67	7.73	7.12	8.19	7.37	7.97
Mach & bldg depreciation	24.27	19.26	23.28	22.80	27.42	29.01
Miscellaneous	5.07	4.05	4.81	5.28	4.63	6.57
Total overhead expenses per acre	67.01	56.05	66.16	64.41	69.99	78.88
Total dir & ovhd expenses per acre	243.13	217.18	258.26	233.32	242.99	263.61
Net return per acre	121.39	-16.95	58.50	110.45	159.76	303.20

Lbr & mgt charge per acre	27.70	26.60	26.25	31.76	26.16	27.94
Net return over lbr & mgt	93.69	-43.55	32.26	78.69	133.60	275.26
Government payments	17.21	13.04	19.46	17.58	18.35	17.89
Net return with govt payments	110.90	-30.51	51.71	96.27	151.95	293.15

Cost of Production
Total direct expense per ton	41.99	57.45	51.20	40.69	37.31	32.30
Total dir & ovhd exp per ton	57.97	77.44	68.84	56.20	52.40	46.09
With labor & management	64.57	86.92	75.83	63.86	58.04	50.97
Total exp less govt & oth income	60.10	81.01	69.76	59.62	54.01	47.85

Est. labor hours per acre	4.10	3.91	4.34	3.82	4.14	4.26