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	109	22	21	22	22	22
Number of farms	106	21	21	21	21	22

Acres	20.06	15.84	27.94	30.77	11.35	14.75
Yield per acre (ton)	2.41	1.45	1.95	2.38	3.14	3.76
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	52.02	41.68	47.04	53.77	51.93	58.68
Total product return per acre	125.29	60.28	91.65	128.12	163.23	220.81
Miscellaneous income per acre	-	-	-	-	-	-
Gross return per acre	125.29	60.28	91.65	128.12	163.23	220.81

Direct Expenses
Fertilizer	8.44	4.42	8.53	12.78	1.62	8.75
Crop chemicals	0.62	-	1.00	-	-	2.40
Fuel & oil	9.52	11.87	10.70	7.80	8.24	9.43
Repairs	16.22	20.90	17.81	13.33	15.02	15.27
Custom hire	7.77	11.60	4.05	12.86	3.48	3.08
Hired labor	0.48	0.14	-	-	3.61	0.32
Machinery & bldg leases	0.14	-	-	-	0.61	0.49
Utilities	0.35	-	0.20	-	1.58	0.79
Operating interest	1.55	3.03	0.88	0.93	1.97	2.14
Miscellaneous	1.39	0.71	1.27	2.04	1.39	0.96
Total direct expenses per acre	46.49	52.67	44.45	49.74	37.53	43.64
Return over direct exp per acre	78.80	7.61	47.20	78.38	125.70	177.17

Overhead Expenses
Custom hire	2.71	2.89	1.23	3.68	3.46	2.61
Hired labor	5.45	4.46	4.77	7.28	4.87	4.39
Machinery & bldg leases	1.95	1.60	1.44	1.69	1.09	4.43
RE & pers. property taxes	5.94	5.54	6.99	4.18	7.63	6.89
Farm insurance	2.32	2.66	1.73	1.92	3.13	3.22
Utilities	1.15	1.67	1.00	0.78	1.09	1.70
Dues & professional fees	0.29	0.39	0.19	0.12	0.38	0.66
Interest	19.23	20.30	14.01	13.33	27.85	33.24
Mach & bldg depreciation	15.07	17.00	13.34	12.25	16.03	21.23
Miscellaneous	2.07	2.55	1.68	1.33	2.02	3.88
Total overhead expenses per acre	56.19	59.06	46.37	46.56	67.53	82.24
Total dir & ovhd expenses per acre	102.68	111.74	90.82	96.30	105.06	125.88
Net return per acre	22.61	-51.45	0.83	31.82	58.17	94.93

Lbr & mgt charge per acre	15.50	19.23	14.95	10.43	18.86	20.47
Net return over lbr & mgt	7.11	-70.68	-14.12	21.39	39.31	74.46
Government payments	6.65	6.13	4.07	5.98	11.23	9.75
Net return with govt payments	13.76	-64.55	-10.05	27.37	50.54	84.21

Cost of Production
Total direct expense per ton	19.30	36.42	22.82	20.88	11.94	11.60
Total dir & ovhd exp per ton	42.63	77.26	46.62	40.42	33.43	33.45
With labor & management	49.07	90.56	54.29	44.80	39.43	38.89
Total exp less govt & oth income	46.31	86.32	52.20	42.28	35.85	36.30

Est. labor hours per acre	2.69	3.17	3.12	2.08	2.85	2.54