Balance Sheet at Market Values
Farm Business Management - Moorhead
Northland Community & Technical College
(Farms Sorted By Net Farm Income)

Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of farms 77 15 16 16
Assets
Current Farm Assets
Cash and checking balance 27,961 22,381 16,126 59,616
Prepaid expenses & supplies 56,159 4,871 34,989 149,266
Growing crops 397 - - -
Accounts receivable 14,970 2,409 9,162 17,622
Hedging accounts 3,173 - 1,109 12,975
Crops held for sale or feed 314,631 56,744 314,140 580,810
Crops under government loan 52,284 8,168 40,757 90,576
Market livestock held for sale - - - -
Other current assets 2,050 - 889 6,006
Total current farm assets 471,626 94,574 417,173 916,872
Intermediate Farm Assets
Breeding livestock 27 - - -
Machinery and equipment 444,955 96,981 386,134 766,712
Titled vehicles 22,273 5,367 19,369 59,780
Other intermediate assets 387,304 29,606 270,475 916,227
Total intermediate farm assets 854,559 131,954 675,978 1,742,719
Long Term Farm Assets
Farm land 490,325 311,894 459,807 546,994
Buildings and improvements 70,256 21,951 97,730 101,546
Other long-term assets 23,958 4,788 6,573 75,432
Total long-term farm assets 584,539 338,633 564,110 723,971
Total Farm Assets 1,910,725 565,161 1,657,260 3,383,562
Total Nonfarm Assets 293,544 243,680 268,621 438,768
Total Assets 2,204,269 808,841 1,925,881 3,822,330
Liabilities
Current Farm Liabilities
Accrued interest 17,220 4,497 18,370 18,654
Accounts payable 15,117 3,896 21,207 25,137
Current notes 188,749 21,645 220,614 265,572
Government crop loans 33,725 6,735 29,143 59,405
Principal due on term debt 52,540 8,007 50,799 95,469
Total current farm liabilities 307,351 44,780 340,134 464,237
Total intermediate farm liabs 142,450 10,633 139,186 222,288
Total long term farm liabilities 236,183 107,766 269,228 314,883
Total farm liabilities 685,984 163,179 748,547 1,001,409
Total nonfarm liabilities 75,990 19,249 94,213 123,152
Total liabs excluding deferreds 761,974 182,427 842,760 1,124,560
Total deferred liabilities 219,482 76,481 157,956 449,566
Total liabilities 981,456 258,908 1,000,716 1,574,126
Retained earnings 964,880 358,561 727,076 1,842,709
Market valuation equity 257,932 191,372 198,090 405,495
Net worth (farm and nonfarm) 1,222,813 549,933 925,166 2,248,204
Net worth excluding deferreds 1,442,294 626,414 1,083,122 2,697,770
Net worth change 175,410 33,955 163,972 374,202
Ratio Analysis
Current farm liabilities / assets 65 % 47 % 82 % 51 %
Curr. & interm farm liab. / assets 34 % 24 % 44 % 26 %
Long term farm liab. / assets 40 % 32 % 48 % 43 %
Total debt to asset ratio 45 % 32 % 52 % 41 %
Debt to assets excl deferreds 35 % 23 % 44 % 29 %