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	50	9	10	9	11	11
Number of farms	48	9	10	9	10	10

Acres	151.93	134.03	341.80	74.33	63.18	146.18
Yield per acre (aum)	2.30	1.13	1.27	1.86	2.93	5.25
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per aum	8.02	8.23	7.46	5.92	7.95	8.59
Total product return per acre	18.41	9.30	9.50	11.03	23.29	45.15
Miscellaneous income per acre	0.01	-	-	0.14	-	-
Gross return per acre	18.42	9.30	9.50	11.17	23.29	45.15

Direct Expenses
Fertilizer	2.57	13.31	-	0.14	2.02	1.23
Fuel & oil	1.18	0.68	1.45	1.48	1.31	0.78
Repairs	1.89	1.78	2.08	1.53	1.59	1.84
Land rent	10.73	24.65	8.54	6.79	9.85	6.98
Operating interest	0.54	0.31	0.93	0.20	0.36	0.09
Total direct expenses per acre	17.00	41.23	13.00	10.30	15.13	10.92
Return over direct exp per acre	1.43	-31.93	-3.50	0.87	8.16	34.23

Overhead Expenses
Custom hire	0.37	0.03	0.39	1.62	0.20	0.14
Hired labor	0.25	0.39	0.09	0.13	0.51	0.43
Farm insurance	0.63	0.23	0.56	1.06	0.28	1.05
Interest	0.48	0.28	0.81	0.18	0.31	0.13
Mach & bldg depreciation	1.69	1.63	1.98	2.13	1.75	0.94
Miscellaneous	0.84	0.60	0.86	1.11	0.88	0.86
Total overhead expenses per acre	4.27	3.16	4.69	6.23	3.94	3.56
Total dir & ovhd expenses per acre	21.27	44.39	17.69	16.53	19.07	14.48
Net return per acre	-2.85	-35.09	-8.18	-5.36	4.23	30.67

Lbr & mgt charge per acre	2.24	2.04	2.40	3.85	2.27	1.37
Net return over lbr & mgt	-5.09	-37.13	-10.58	-9.21	1.95	29.30
Government payments	0.38	0.05	0.34	0.79	-	0.71
Net return with govt payments	-4.71	-37.08	-10.24	-8.42	1.95	30.00

Cost of Production
Total direct expense per aum	7.40	36.50	10.21	5.53	5.16	2.08
Total dir & ovhd exp per aum	9.26	39.30	13.89	8.88	6.51	2.76
With labor & management	10.24	41.10	15.77	10.95	7.28	3.02
Total exp less govt & oth income	10.07	41.06	15.50	10.45	7.28	2.88

Est. labor hours per acre	0.40	0.22	0.54	0.60	0.30	0.20