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	92	21	18	17	19	17
Number of farms	84	16	17	17	17	17

Acres	82.95	65.70	133.42	94.18	81.02	41.77
Yield per acre (ton)	2.35	1.43	2.12	2.39	2.78	3.93
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	52.80	34.80	43.49	48.93	62.42	73.03
Total product return per acre	124.21	49.76	92.05	116.98	173.58	286.92
Miscellaneous income per acre	2.15	0.36	1.34	2.01	4.29	4.06
Gross return per acre	126.36	50.12	93.39	119.00	177.86	290.97

Direct Expenses
Seed	0.22	0.10	0.06	0.51	-	0.86
Fertilizer	17.10	10.76	20.17	14.84	22.61	12.19
Crop chemicals	0.32	0.95	0.17	0.11	0.16	0.38
Crop insurance	0.90	0.21	1.42	0.57	0.94	1.14
Fuel & oil	11.41	10.45	9.61	9.35	16.62	12.72
Repairs	18.99	20.40	15.16	16.41	25.16	21.66
Custom hire	1.46	1.86	0.38	0.22	2.62	4.64
Operating interest	2.22	2.43	1.90	2.51	1.90	2.99
Miscellaneous	3.58	1.24	5.03	4.04	4.26	0.73
Total direct expenses per acre	56.21	48.40	53.89	48.57	74.26	57.31
Return over direct exp per acre	70.15	1.72	39.50	70.43	103.60	233.66

Overhead Expenses
Custom hire	3.18	0.56	4.07	1.23	6.81	1.77
Hired labor	4.26	1.26	4.43	1.26	8.78	6.46
Machinery & bldg leases	0.53	0.18	0.03	0.22	1.51	1.43
RE & pers. property taxes	5.05	6.04	4.03	4.26	6.05	6.16
Farm insurance	2.44	3.87	1.52	2.07	2.81	2.83
Utilities	1.73	1.81	1.18	2.02	1.88	2.41
Dues & professional fees	0.43	1.18	0.28	0.26	0.05	0.68
Interest	13.51	11.55	6.16	11.33	15.59	42.56
Mach & bldg depreciation	16.36	10.20	13.19	17.90	23.40	20.27
Miscellaneous	3.03	3.82	2.04	2.59	3.79	4.20
Total overhead expenses per acre	50.50	40.47	36.92	43.14	70.68	88.78
Total dir & ovhd expenses per acre	106.71	88.87	90.81	91.70	144.95	146.09
Net return per acre	19.65	-38.75	2.58	27.29	32.92	144.89

Lbr & mgt charge per acre	19.94	19.58	15.87	25.27	20.17	21.93
Net return over lbr & mgt	-0.29	-58.34	-13.29	2.03	12.75	122.95
Government payments	6.54	5.39	3.76	7.04	6.89	16.29
Net return with govt payments	6.25	-52.94	-9.54	9.07	19.64	139.25

Cost of Production
Total direct expense per ton	23.89	33.85	25.46	20.31	26.70	14.59
Total dir & ovhd exp per ton	45.36	62.15	42.90	38.36	52.12	37.19
With labor & management	53.84	75.85	50.40	48.93	59.37	42.77
Total exp less govt & oth income	50.14	71.82	47.99	45.14	55.35	37.59

Est. labor hours per acre	2.87	2.49	2.65	2.96	3.48	2.82