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Red River Valley Reports For 1998

 


                                              TABLE 11                                    
                            OPERATOR INFORMATION & NONFARM SUMMARY, 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


          OPERATOR INFORMATION
            Average number of operators                       1.1          1.2          1.4
            Average age of operators                         42.9         44.1         43.3
            Average number of years farming                  20.2         21.9         20.8


          NONFARM INCOME
            Nonfarm wages & salary                          10867        11516         5387
            Nonfarm business income                          1993         5367          563
            Nonfarm rental income                             473          830           39
            Nonfarm interest income                           356          143          449
            Nonfarm cash dividends                             69           76          265
            Tax refunds                                       507          845          263
            Gifts and inheritances                           4420          973        10626
            Other nonfarm income                              824         1146          647
          Total nonfarm income                              19509        20895        18238

 


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