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State-wide Reports for 2004


Operator and Labor Information
Minnesota State Colleges and Universities Statewide Farm Business Management Database
(Farms Sorted By Net Farm Income)

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of farms 2234 446 447 447 447 447
 
Operator Information
Average number of operators 1.2 1.1 1.1 1.1 1.2 1.4
Average age of operators 46.0 46.7 46.5 45.0 45.1 46.8
Average number of years farming 22.7 22.3 22.8 21.7 22.1 24.3
 
Results Per Operator
Working capital 64,927 2,968 22,011 39,259 71,014 158,795
Total assets (market) 1,083,296 807,427 826,519 939,390 1,092,252 1,588,782
Total liabilities 502,033 422,807 389,242 436,734 498,241 700,526
Net worth (market) 581,263 384,620 437,276 502,656 594,012 888,256
Net worth excl deferred liabs 672,565 448,049 502,683 579,308 685,744 1,031,066
 
Gross farm income 385,444 189,617 218,208 291,144 395,129 724,075
Total farm expense 323,566 201,776 198,524 246,993 321,379 570,667
Net farm income 61,878 -12,160 19,685 44,150 73,749 153,408
 
Net nonfarm income 18,360 31,691 24,134 17,035 12,797 9,545
Family living & tax withdrawals 39,854 34,189 34,989 38,013 41,548 47,830
 
Total acres owned 234.0 225.2 203.1 223.2 250.0 259.3
Total crop acres 641.3 471.1 505.4 591.7 692.5 868.5
Crop acres owned 188.9 156.6 163.3 178.7 207.9 224.9
Crop acres cash rented 429.3 296.9 313.9 389.6 462.7 619.4
Crop acres share rented 23.1 17.6 28.2 23.4 21.9 24.2
Total pasture acres 8.9 9.3 10.8 8.8 11.4 5.3
 
Labor Analysis
Number of farms 2234 446 447 447 447 447
Total unpaid labor hours 2,543 1,776 2,067 2,520 2,829 3,519
Total hired labor hours 1,436 643 511 739 1,354 3,934
Total labor hours per farm 3,979 2,418 2,578 3,258 4,183 7,453
Unpaid hours per operator 2,162 1,647 1,898 2,280 2,412 2,454
Value of farm production / hour 93.62 72.49 82.68 86.11 93.06 107.84
Net farm income / unpaid hour 28.62 -7.38 10.37 19.36 30.58 62.51
Average hourly hired labor wage 13.72 14.02 12.85 12.14 14.63 13.75
 
Partnerships & LLCs
Number of farms 213 31 23 27 48 84
Number of operators 2.0 1.6 2.1 1.9 1.9 2.3
Owner withdrawals per farm 59,388 38,069 33,408 25,601 44,628 87,052
Withdrawals per operator 29,309 27,192 16,704 14,081 24,227 37,946
 
Corporations
Number of farms 120 17 19 13 26 45
Number of operators 1.8 1.5 1.3 1.3 1.8 2.2


 

 

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