Balance Sheet at Cost Values
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 75 15 15 15
Assets
Current Farm Assets
Cash and checking balance 21,716 22,851 18,860 45,975
Prepaid expenses & supplies 44,164 57,132 18,924 79,058
Growing crops - - - -
Accounts receivable 16,347 29,140 7,900 16,717
Hedging accounts 2,814 6,948 454 5,646
Crops held for sale or feed 230,673 213,511 132,992 388,208
Crops under government loan 30,137 65,854 27,338 35,864
Market livestock held for sale 5,438 - - 27,191
Other current assets 1,217 1,784 1,000 3,300
Total current farm assets 352,506 397,220 207,467 601,960
Intermediate Farm Assets
Breeding livestock 19 93 - -
Machinery and equipment 305,166 471,224 168,490 452,736
Titled vehicles 13,130 18,204 4,523 26,775
Other intermediate assets 219,333 351,528 78,781 347,469
Total intermediate farm assets 537,647 841,049 251,794 826,980
Long Term Farm Assets
Farm land 341,460 373,237 317,257 512,124
Buildings and improvements 45,598 61,559 55,178 51,907
Other long-term assets 19,342 11,137 15,853 26,649
Total long-term farm assets 406,401 445,933 388,289 590,680
Total Farm Assets 1,296,554 1,684,203 847,550 2,019,620
Total Nonfarm Assets 236,152 372,709 220,165 221,946
Total Assets 1,532,706 2,056,911 1,067,715 2,241,565
Liabilities
Current Farm Liabilities
Accrued interest 14,779 35,083 12,440 8,787
Accounts payable 17,379 18,253 1,990 7,891
Current notes 188,145 287,172 86,612 182,807
Government crop loans 23,277 49,257 21,100 29,156
Principal due on term debt 52,038 80,120 26,451 70,239
Total current farm liabilities 295,619 469,885 148,593 298,878
Total intermediate farm liabs 145,033 310,019 71,269 136,303
Total long term farm liabilities 213,977 250,552 225,576 247,055
Total farm liabilities 654,629 1,030,457 445,438 682,236
Total nonfarm liabilities 78,284 106,660 53,364 57,705
Total liabilities 732,913 1,137,117 498,802 739,941
Net worth (farm and nonfarm) 799,792 919,794 568,913 1,501,624
Net worth change -14,460 -150,725 10,891 84,662
Ratio Analysis
Current farm liabilities / assets 84 % 118 % 72 % 50 %
Curr. & interm farm liab. / assets 50 % 63 % 48 % 30 %
Long term farm liab. / assets 53 % 56 % 58 % 42 %
Total debt to asset ratio 48 % 55 % 47 % 33 %