NCTC FBM - Moorhead
Size Of Farm Report, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms Sorted By Gross Cash Farm Income)
Average For 40,001 - 100,001 - 200,001 -
All Farms 100,000 200,000 500,000 500,001 +
----------- -------- -------- -------- -------
Number of farms 72 5 7 32 27
Income Statement
Gross cash farm income 490981 76609 137348 351757 841346
Total cash farm expense 434399 57574 118774 309324 748418
Net cash farm income 56581 19035 18573 42433 92928
Inventory change 40102 -1305 16761 21201 77373
Depreciation and capital adjustment -18642 -5238 -8004 -13857 -30168
Net farm income 78041 12492 27331 49777 140133
Profitability (cost)
Labor and management earnings 53535 4888 12516 31544 101839
Rate of return on assets 9 % 2 % 6 % 7 % 10 %
Rate of return on equity 11 % -1 % 6 % 7 % 13 %
Operating profit margin 16 % 5 % 15 % 14 % 18 %
Asset turnover rate 53 % 34 % 39 % 52 % 55 %
Profitability (market)
Labor and management earnings 22750 7283 11173 11793 43036
Rate of return on assets 5 % 3 % 5 % 4 % 5 %
Rate of return on equity 4 % 2 % 5 % 2 % 5 %
Operating profit margin 12 % 13 % 16 % 10 % 13 %
Asset turnover rate 39 % 23 % 32 % 40 % 40 %
Liquidity
Term debt coverage ratio 120 % 89 % 177 % 117 % 121 %
Expense as a percent of income 81 % 77 % 77 % 82 % 81 %
Interest as a percent of income 8 % 7 % 6 % 8 % 8 %
Solvency (cost)
Number of sole proprietors 58 3 7 29 18
Ending farm assets 936940 - 426590 736943 1604493
Ending farm liabilities 543258 - 179972 411857 997723
Ending total assets 1111285 - 494182 939988 1783317
Ending total liabilities 585559 - 190645 458125 1050171
Ending net worth 525726 - 303537 481862 733145
Net worth change 49040 - 12614 40738 76475
Ending farm debt to asset ratio 58 % 28 % 42 % 56 % 62 %
Beg total debt to asset ratio 54 % 21 % 32 % 51 % 60 %
End total debt to asset ratio 53 % 21 % 39 % 49 % 59 %
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NCTC FBM - Moorhead
Size Of Farm Report, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms Sorted By Gross Cash Farm Income)
Average For 40,001 - 100,001 - 200,001 -
All Farms 100,000 200,000 500,000 500,001 +
----------- -------- -------- -------- -------
Number of farms 72 5 7 32 27
Solvency (market)
Number of sole proprietors 58 3 7 29 18
Ending farm assets 1177081 - 510837 946244 1976887
Ending farm liabilities 669985 - 210747 519526 1206631
Ending total assets 1378795 - 612369 1181400 2177763
Ending total liabilities 732606 - 238103 579930 1296706
Ending net worth 646189 - 374266 601469 881057
Net worth change 38849 - 21527 30131 56133
Ending farm debt to asset ratio 57 % 36 % 41 % 55 % 61 %
Beg total debt to asset ratio 53 % 28 % 33 % 50 % 59 %
End total debt to asset ratio 53 % 27 % 39 % 49 % 60 %
Nonfarm Information
Farms reporting living expenses 20 2 - 12 5
Total family living expense 35123 - - 33875 47309
Total living, invest, & capital purch 55576 - - 51307 66146
Net nonfarm income 17509 15507 9595 27451 7359
Crop Acres
Total acres owned 384 172 210 276 600
Total crop acres 1642 500 814 1245 2592
Total crop acres owned 323 141 197 233 503
Total crop acres cash rented 1276 225 543 981 2054
Total crop acres share rented 43 135 74 31 34