|
FARM
REPORT INCOME
| |
Income
in U.S. Dollars
|
|
|
|
Average
for all
|
40,000
to 100,000
|
100,001
to 200,000
|
200,001
to 500,000
|
Case
#1
|
|
Number
of farms Source:
(North Dakota Farm and Ranch Business Management,
Annual Report 1998)
(North Dakota Region 4)
|
97
|
25
|
40
|
24
|
1
|
|
|
|
Income
Statement
|
|
|
Gross
cash farm income
|
$176,111
|
$71,713
|
$140,423
|
$295,919
|
$475,904
|
|
Total
cash farm expense
|
$150,670
|
$68,543
|
$130,354
|
$225,155
|
$463,296
|
|
Net
cash farm income
|
$25,440
|
$3,170
|
$10,069
|
$70,764
|
$12,608
|
|
Inventory
change
|
$8,954
|
$11,428
|
$14,891
|
-$11,216
|
-$27,414
|
|
Depreciation
and capital adjustment
|
-$11,490
|
-$6,204
|
-$11,585
|
-$13,449
|
-$85,172
|
|
Net
farm income
|
$22,904
|
$8,394
|
$13,375
|
$46,100
|
-$112,586
|
|
|
|
Profitability
(cost)
|
|
|
Labor
and management earnings
|
$7,858
|
-$47
|
$1,021
|
$23,616
|
-$316,149
|
|
Rate
of return on assets
|
4 %
|
0 %
|
2 %
|
7 %
|
-4.8
%
|
|
Rate
of return on equity
|
1 %
|
-8 %
|
-3 %
|
6 %
|
-4.8
%
|
|
Operating
profit margin
|
13 %
|
2 %
|
9 %
|
19 %
|
-91.2
%
|
|
Asset
turnover rate
|
30 %
|
23 %
|
26 %
|
34 %
|
5.2 %
|
|
|
|
Liquidity
|
|
|
Term
debt coverage ratio
|
85 %
|
86 %
|
60 %
|
100 %
|
999 %
|
|
Expense
as a percent of income
|
82 %
|
83 %
|
84 %
|
79 %
|
106 %
|
|
Interest
as a percent of income
|
10 %
|
14 %
|
12 %
|
9 %
|
-
|
|
|
|
Solvency
(cost)
|
|
|
Number
of sole proprietors
|
92
|
25
|
38
|
21
|
|
|
Ending
farm assets
|
$537,990
|
$326,182
|
$516,312
|
$717,810
|
$3,362,187
|
|
Ending
farm Liabilities
|
$298,180
|
$186,744
|
$317,918
|
$367,105
|
0
|
|
Ending
total assets
|
$588,266
|
$371,640
|
$561,314
|
$781,249
|
$3,362,187
|
|
Ending
total Liabilities
|
$304,214
|
$191,259
|
$323,010
|
$375,777
|
0
|
|
Ending
net worth
|
$284,052
|
$180,381
|
$238,304
|
$405,472
|
$3,362,187
|
|
Net
worth change
|
$7,091
|
$5,399
|
-$4,961
|
$20,890
|
-$61,061
|
|
Ending
farm debt to asset ratio
|
55 %
|
57 %
|
62 %
|
51 %
|
-
|
|
Beginning
total debt to asset ratio
|
51 %
|
51 %
|
54 %
|
49 %
|
-
|
|
End
total debt to asset ratio
|
52 %
|
51 %
|
58 %
|
48 %
|
-
|
|
|
|
Nonfarm
information
|
|
|
Farms
reporting living expenses
|
62
|
18
|
27
|
12
|
|
|
Total
family living expense
|
$27,921
|
$28,350
|
$25,830
|
$30,182
|
|
|
Total
living, invest, & capital purchase
|
$33,325
|
$34,576
|
$29,909
|
$33,357
|
|
|
Net
nonfarm income
|
$16,384
|
$22,166
|
$11,673
|
$13,500
|
|
|
|
|
Crop
Acres
|
|
|
Total
acres owned
|
1097
|
979
|
1148
|
1109
|
4912
|
|
Total
crop acres
|
1426
|
711
|
1263
|
2206
|
1389
|
|
Total
crop acres owned
|
552
|
377
|
549
|
689
|
998
|
|
Total
crop acres cash rented
|
685
|
268
|
599
|
1051
|
196
|
|
Total
crop acres share rented
|
189
|
66
|
115
|
466
|
0
|
Click
for Income Statement Graphs (adobe acrobat PDF file)
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|
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