Red
River Valley Reports For 1998
TABLE 1
FARM INCOME STATEMENT, 1998
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(Farms sorted by Net Farm Income)
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ---------- ----------
Number of Farms 197 39 39
CASH FARM INCOME
Barley 8057 12383 9733
Black Turtle Beans 609 575 1631
Dark Red Kidney Beans 109 - -
Great Northern Beans 246 1242 -
Navy Beans 3741 5517 9617
Pinto Beans 3528 346 8789
Buckwheat 14 - -
Canola 1362 - 4614
Corn 27516 41765 41472
Corn Silage 15 - -
Flax 29 - -
Alfalfa Hay 879 1090 2833
Oats 87 - 421
Potatoes 8036 - 27907
Seed Potatoes 4196 12516 7144
Soybeans 62591 50056 96432
Straw 936 260 3964
Sugar Beets 104696 171234 163430
Sunflowers 1067 1215 1845
Confectionary Sunflowers 759 - 1567
Durum Wheat 239 427 -
Spring Wheat 75882 74129 124812
Winter Wheat 177 25 872
Other crops 2356 - -
Miscellaneous crop income 16 - 56
Beef Calves 84 - -
Background Beef 1721 - 1090
Finish Yrlg Steers 1018 204 -
Milk 2443 - 7515
Dairy Calves 19 - 83
Dairy Heifers (for sale) 80 - -
Dairy Replacement Heifers 131 - -
Wool 25 - -
Raised Hogs 2640 - 10043
Feeder Pigs 35 - -
Finish Feeder Pigs 250 - -
Mkt Lambs 258 - -
Finish Cull Cows 27 - -
Cull breeding livestock 180 - 435
Misc. livestock income 134 27 53
Government program payments 32555 31964 50644
CRP payments 620 158 58
Other government payments 6328 5519 8298
Custom work income 5133 2966 9557
Patronage dividends, cash 3709 5095 5683
Insurance income 23564 52214 33936
Cash from hedging accts 631 988 1290
Other farm income 10282 10055 17577
Gross Cash Farm Income 399008 481971 653398
[ HOME | CURRICULUM
| INSTRUCTORS | REPORTS
| LINKS ]
