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	38	11	7	7	7	6
Number of farms	29	5	6	6	6	6

Acres	243.26	149.74	402.51	164.23	172.31	403.90
Yield per acre	-	-	-	-	-	-
Operators share of yield %	-	-	-	-	-	-
Value per unit	-	-	-	-	-	-
Total product return per acre	-	-	-	-	-	-
Miscellaneous income per acre	79.48	62.97	73.08	84.07	105.43	83.04
Gross return per acre	79.48	62.97	73.08	84.07	105.43	83.04

Direct Expenses
Seed	0.21	0.42	-	0.44	0.64	-
Fertilizer	4.18	7.08	6.12	3.83	4.32	0.05
Crop chemicals	4.24	12.38	4.60	0.98	1.66	1.14
Crop insurance	7.74	7.37	7.40	8.02	8.20	8.04
Fuel & oil	6.01	6.77	5.66	8.22	8.57	3.60
Repairs	8.98	10.48	7.19	10.93	10.56	8.34
Custom hire	0.26	1.16	-	-	0.37	-
Land rent	27.31	29.21	27.21	31.55	37.38	19.10
Machinery & bldg leases	0.70	-	2.30	-	-	-
Operating interest	2.94	2.72	6.77	1.60	0.78	0.35
Miscellaneous	0.05	0.04	0.12	-	-	0.01
Total direct expenses per acre	62.63	77.63	67.36	65.57	72.46	40.63
Return over direct exp per acre	16.85	-14.67	5.72	18.50	32.97	42.41

Overhead Expenses
Custom hire	2.53	2.16	5.27	1.20	1.07	0.96
Hired labor	3.52	1.31	7.36	2.05	5.48	0.29
Machinery & bldg leases	2.52	1.78	3.11	0.67	1.11	3.90
Farm insurance	4.52	1.41	6.85	3.84	6.06	3.48
Utilities	1.80	1.33	2.43	1.87	1.56	1.45
Dues & professional fees	0.69	0.55	0.87	1.00	0.73	0.41
Interest	1.33	2.60	0.35	1.44	1.63	1.39
Mach & bldg depreciation	8.30	14.59	7.55	9.80	8.23	4.24
Miscellaneous	1.16	1.87	0.54	0.59	2.07	1.23
Total overhead expenses per acre	26.37	27.61	34.34	22.47	27.95	17.35
Total dir & ovhd expenses per acre	89.00	105.24	101.70	88.04	100.41	57.98
Net return per acre	-9.52	-42.27	-28.62	-3.97	5.01	25.06

Lbr & mgt charge per acre	11.52	11.27	11.41	13.93	13.71	9.57
Net return over lbr & mgt	-21.04	-53.54	-40.03	-17.90	-8.69	15.49
Government payments	12.30	15.01	12.47	13.54	12.58	9.55
Net return with govt payments	-8.74	-38.54	-27.56	-4.36	3.89	25.04

Cost of Production
Total direct expense per unit	-	-	-	-	-	-
Total dir & ovhd exp per unit	-	-	-	-	-	-
With labor & management	-	-	-	-	-	-
Total exp less govt & oth income	-	-	-	-	-	-

Est. labor hours per acre	1.07	0.86	1.27	1.16	1.33	0.80