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	77	16	14	17	13	17
Number of farms	61	12	12	12	12	13

Acres	121.62	143.45	140.15	100.65	145.28	88.70
Yield per acre (ton)	19.80	17.26	18.82	21.15	19.84	23.34
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per ton	36.33	37.27	34.29	36.97	36.87	36.17
Total product return per acre	719.22	643.34	645.34	781.95	731.56	844.25
Miscellaneous income per acre	17.49	45.85	19.34	1.87	8.68	0.65
Gross return per acre	736.71	689.19	664.68	783.82	740.24	844.90

Direct Expenses
Seed	49.40	50.00	48.40	50.53	49.08	48.90
Fertilizer	36.49	36.31	35.82	39.90	33.33	37.71
Crop chemicals	111.67	118.48	111.29	113.49	100.30	113.96
Crop insurance	19.59	22.46	20.43	19.95	19.11	14.35
Fuel & oil	39.64	32.29	44.39	41.85	41.67	39.62
Repairs	67.19	72.61	83.63	70.46	59.16	43.88
Custom hire	16.40	10.75	13.97	20.00	27.71	9.89
Hired labor	24.75	22.46	30.33	15.05	27.51	28.53
Stock/quota lease	55.40	150.78	23.19	67.80	5.96	-
Machinery & bldg leases	0.21	-	-	0.41	0.08	0.72
Hauling and trucking	1.23	2.76	2.29	-	-	0.47
Marketing	11.11	9.43	3.05	34.85	0.88	10.01
Operating interest	14.60	22.93	12.02	14.90	9.84	10.90
Miscellaneous	5.01	0.21	7.10	3.43	0.99	16.44
Total direct expenses per acre	452.69	551.46	435.91	492.63	375.62	375.39
Return over direct exp per acre	284.02	137.73	228.77	291.19	364.62	469.51

Overhead Expenses
Custom hire	6.07	5.58	11.92	3.92	2.07	6.67
Hired labor	31.50	35.51	28.38	24.87	32.79	35.37
Machinery & bldg leases	13.46	21.54	4.65	5.96	11.03	24.17
RE & pers. property taxes	10.09	8.66	12.97	9.32	8.76	11.05
Farm insurance	6.04	7.24	6.53	5.18	4.75	6.16
Utilities	6.25	5.04	7.41	5.43	6.32	7.39
Dues & professional fees	5.14	4.07	7.92	4.56	5.04	3.94
Interest	49.46	52.83	52.18	43.47	41.51	57.53
Mach & bldg depreciation	58.64	47.45	67.32	58.27	67.85	53.23
Miscellaneous	8.20	6.67	9.10	8.44	7.04	10.53
Total overhead expenses per acre	194.84	194.59	208.37	169.42	187.16	216.04
Total dir & ovhd expenses per acre	647.52	746.05	644.28	662.04	562.78	591.43
Net return per acre	89.19	-56.86	20.40	121.77	177.46	253.47

Lbr & mgt charge per acre	69.39	59.94	72.22	73.50	70.23	74.38
Net return over lbr & mgt	19.80	-116.80	-51.82	48.27	107.23	179.10
Government payments	14.42	14.64	16.08	13.90	15.88	10.70
Net return with govt payments	34.22	-102.16	-35.75	62.17	123.11	189.80

Cost of Production
Total direct expense per ton	22.87	31.95	23.16	23.29	18.93	16.08
Total dir & ovhd exp per ton	32.71	43.23	34.23	31.30	28.36	25.34
With labor & management	36.21	46.70	38.07	34.78	31.90	28.52
Total exp less govt & oth income	34.60	43.19	36.19	34.03	30.66	28.04

Est. labor hours per acre	5.85	6.11	6.15	6.09	4.99	5.86