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	100	21	19	20	19	21
Number of farms	94	18	19	19	19	19

Acres	73.18	72.22	117.68	79.95	61.91	37.61
Yield per acre (aum)	3.81	0.24	3.95	2.29	3.53	13.73
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per aum	4.84	6.30	2.68	7.90	7.29	4.58
Total product return per acre	18.43	1.52	10.56	18.10	25.78	62.88
Miscellaneous income per acre	0.71	0.33	0.41	0.16	-	4.45
Gross return per acre	19.13	1.85	10.96	18.26	25.78	67.34

Direct Expenses
Fertilizer	1.24	2.14	1.03	0.60	1.31	1.34
Fuel & oil	1.29	1.46	1.19	1.41	1.23	1.13
Repairs	2.27	3.04	1.94	2.37	2.30	1.50
Miscellaneous	0.48	0.69	0.38	0.43	0.36	0.69
Total direct expenses per acre	5.29	7.34	4.54	4.80	5.19	4.66
Return over direct exp per acre	13.84	-5.49	6.42	13.46	20.58	62.68

Overhead Expenses
Hired labor	0.47	0.31	0.29	0.75	0.82	0.25
RE & pers. property taxes	4.98	6.62	3.65	2.91	5.54	8.96
Farm insurance	0.79	0.74	0.78	1.19	0.39	0.71
Interest	8.89	13.84	7.44	5.21	3.39	19.18
Mach & bldg depreciation	1.75	1.87	1.82	2.00	1.55	1.17
Miscellaneous	0.92	0.92	0.77	1.03	1.10	0.90
Total overhead expenses per acre	17.82	24.30	14.73	13.07	12.79	31.19
Total dir & ovhd expenses per acre	23.11	31.63	19.28	17.87	17.98	35.85
Net return per acre	-3.98	-29.78	-8.31	0.39	7.79	31.49

Lbr & mgt charge per acre	2.70	3.84	2.74	2.40	2.39	1.45
Net return over lbr & mgt	-6.67	-33.62	-11.05	-2.01	5.41	30.03
Government payments	1.06	0.67	0.38	1.03	0.08	5.23
Net return with govt payments	-5.62	-32.95	-10.67	-0.98	5.48	35.27

Cost of Production
Total direct expense per aum	1.39	30.42	1.15	2.09	1.47	0.34
Total dir & ovhd exp per aum	6.07	131.16	4.88	7.80	5.09	2.61
With labor & management	6.78	147.09	5.58	8.84	5.76	2.72
Total exp less govt & oth income	6.32	142.94	5.38	8.33	5.74	2.01

Est. labor hours per acre	0.40	0.51	0.35	0.42	0.39	0.25