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	215	42	49	40	40	44
Number of farms	117	23	23	24	23	24

Acres	164.89	207.16	184.11	165.75	138.64	126.20
Yield per acre (ton)	20.09	19.22	18.87	20.00	20.73	22.89
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	35.31	34.09	35.73	34.19	36.20	36.71
Total product return per acre	709.40	655.23	674.44	683.85	750.66	840.35
Miscellaneous income per acre	18.08	21.15	21.13	30.15	4.38	7.55
Gross return per acre	727.47	676.38	695.58	714.00	755.04	847.90

Direct Expenses
Seed	51.57	53.85	53.16	51.79	48.13	48.60
Fertilizer	35.85	34.02	36.56	35.78	37.10	36.38
Crop chemicals	115.63	122.32	116.23	113.23	113.22	109.47
Crop insurance	17.18	16.56	17.11	21.01	15.22	15.67
Fuel & oil	39.36	38.52	39.40	39.16	39.41	40.83
Repairs	64.07	63.36	64.28	61.46	64.83	67.18
Custom hire	15.40	20.24	12.18	20.03	9.09	13.85
Hired labor	23.10	22.52	23.95	19.07	24.86	25.67
Land rent	74.74	81.92	67.07	74.66	76.21	74.60
Stock/quota lease	74.76	126.26	92.66	46.32	55.81	17.88
Machinery & bldg leases	1.53	0.90	3.84	0.04	0.78	1.31
Hauling and trucking	1.65	1.06	2.00	2.16	2.07	0.99
Marketing	14.86	4.30	15.92	25.30	12.88	19.17
Operating interest	12.85	18.00	11.82	11.29	12.38	8.76
Miscellaneous	2.92	1.65	4.56	2.04	3.07	3.13
Total direct expenses per acre	545.48	605.48	560.74	523.34	515.05	483.47
Return over direct exp per acre	182.00	70.90	134.84	190.66	239.99	364.43

Overhead Expenses
Custom hire	6.45	3.64	11.16	4.66	6.64	5.19
Hired labor	33.41	25.38	40.94	38.16	36.53	24.96
Machinery & bldg leases	9.85	7.58	13.04	10.88	7.34	9.48
Farm insurance	6.01	4.73	6.10	6.22	5.68	7.98
Utilities	6.87	6.55	6.39	6.28	6.38	9.35
Dues & professional fees	5.89	5.25	6.21	6.45	7.31	4.26
Interest	15.77	18.09	13.79	16.44	20.50	9.82
Mach & bldg depreciation	48.51	42.65	45.03	60.53	45.09	52.39
Miscellaneous	9.41	7.22	12.10	8.55	9.17	9.71
Total overhead expenses per acre	142.17	121.09	154.77	158.17	144.65	133.14
Total dir & ovhd expenses per acre	687.64	726.56	715.52	681.51	659.70	616.61
Net return per acre	39.83	-50.18	-19.94	32.49	95.35	231.29

Lbr & mgt charge per acre	73.38	55.40	68.15	64.45	90.60	103.55
Net return over lbr & mgt	-33.55	-105.58	-88.09	-31.96	4.75	127.74
Government payments	15.67	16.06	16.95	15.57	14.97	13.78
Net return with govt payments	-17.89	-89.52	-71.14	-16.39	19.72	141.52

Cost of Production
Total direct expense per ton	27.15	31.50	29.71	26.16	24.84	21.12
Total dir & ovhd exp per ton	34.23	37.80	37.91	34.07	31.82	26.93
With labor & management	37.88	40.68	41.52	37.29	36.18	31.46
Total exp less govt & oth income	36.20	38.75	39.50	35.01	35.25	30.52

Est. labor hours per acre	5.85	4.85	6.32	5.93	6.89	5.55