Farm Machinery and Equipment Manufacturing in Minnesota
Revenue benchmarks for farm machinery and equipment manufacturing businesses operating in Minnesota.
#11 of 50 states-7.3% vs national avg
Average Revenue
$17.7M
per year
Businesses
48
in Minnesota
Revenue / Employee
$290K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.8
firms per 100K in MN
Total Revenue
$847.5M
all firms in MN
Total Employees
2,925
in MN
How Minnesota Compares
National Average$19.1M
Minnesota$17.7M
Difference$1.4M (-7.3%)