NCTC FBM - Moorhead
OPERATOR INFORMATION & NONFARM SUMMARY, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms sorted by Net Farm Income)
Average Of Average Of Average Of
All Farms Low 20% High 20%
----------- ----------- -----------
Number of Farms 72 14 14
OPERATOR INFORMATION
Average number of operators 1.2 1.1 1.4
Average age of operators 43.6 44.1 43.4
Average number of years farming 21.7 22.2 22.6
NONFARM INCOME
Nonfarm wages & salary 10057 15013 5626
Nonfarm business income 2308 10418 -3272
Nonfarm rental income 1664 2854 -
Nonfarm interest income 370 247 349
Nonfarm cash dividends 47 145 3
Tax refunds 775 847 941
Gifts and inheritances 1271 284 -
Other nonfarm income 2289 331 4290
Total nonfarm income 18780 30139 7938
Average Of All Farms
Beginning Ending
NONFARM ASSETS (Mkt) --------- ------
Checking & savings 4272 4621
Stocks & bonds 16649 19092
Other current assets 1404 1090
Furniture & appliances 11224 11369
Nonfarm vehicles 10420 10563
Cash value of life ins. 7091 8008
Retirement accounts 37242 48821
Other intermediate assets 7028 8121
Nonfarm real estate 60808 59920
Other long term assets 7553 7553
Total nonfarm assets 163692 179158