Minnesota Cost and Price Summary

These prices and costs are suggested as guides for planning based on historical costs and returns for Minnesota farms included in the FINBIN Farm Financial Database.*

* FINBIN website. FINBIN data is provided by Minnesota Farm Business Management Education and the Southwest Minnesota Farm Business Management Association.
** Costs include a charge for unpaid labor and management. For crops, land costs are based on average cash rental rates. Cost of production is the total cost minus misc. income (government payments, cull and other income) divided by average production per unit.
*** Cost of Production based on a four year rotation, including establishment costs.