Inventory Changes
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By Net Farm Income)

	Avg. Of
	All Farms	Low 20%	40 - 60%	High 20%

Number of farms	76	15	15	16

Net cash farm income	129,663	50,377	117,175	233,730

Crops and Feed
Ending inventory	228,673	95,515	212,961	398,375
Beginning inventory	267,701	137,890	257,002	430,543
Inventory change	-39,028	-42,375	-44,041	-32,168

Market Livestock
Ending inventory	4,697	-	21,828	-
Beginning inventory	4,594	-	22,090	50
Inventory change	103	-	-262	-50

Accts Receivable & Other Current Assets
Ending inventory	46,347	18,448	35,538	73,421
Beginning inventory	18,635	4,976	19,074	25,232
Inventory change	27,712	13,472	16,464	48,189

Prepaid Expenses and Supplies
Ending inventory	49,165	39,476	39,404	103,302
Beginning inventory	54,771	47,873	44,430	112,668
Inventory change	-5,606	-8,397	-5,026	-9,366

Accounts Payable & Accrued Expenses
Beginning inventory	15,667	9,389	18,046	13,344
Ending inventory	22,336	13,477	22,540	20,789
Inventory change	-6,669	-4,088	-4,494	-7,444

Total inventory change	-23,487	-41,389	-37,357	-840

Net operating profit	106,176	8,988	79,818	232,891