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South East Area Reports for 1999

 

 

                                         S.E. Minnesota FBM                               
                            OPERATOR INFORMATION & NONFARM SUMMARY, 1999                  
                                  (Farms sorted by Net Farm Income)                       


                                                       Average Of   Average Of   Average Of
                                                        All Farms    High 20%      Low 20% 
                                                       
          Number of Farms                                     383           77           77


          OPERATOR INFORMATION
            Average number of operators                       1.1          1.4          1.1
            Average age of operators                         43.5         43.4         42.8
            Average number of years farming                  19.6         20.0         18.5


          NONFARM INCOME
            Nonfarm wages & salary                          13381         5132        25423
            Nonfarm business income                           857         -253          888
            Nonfarm rental income                             788          357         1258
            Nonfarm interest income                           460          471          228
            Nonfarm cash dividends                            651          365          544
            Tax refunds                                      1677          659         3083
            Gifts and inheritances                           3043         5517         2077
            Other nonfarm income                             2634         7341         2600
          Total nonfarm income                              23490        19588        36101



                                                               Average Of All Farms
                                                               Beginning      Ending
          NONFARM ASSETS (Mkt)                                 
            Checking & savings                                      4624        4955
            Stocks & bonds                                          9154       11375
            Other current assets                                    4310        4355
            Furniture & appliances                                  9967       10389
            Nonfarm vehicles                                        9435        9671
            Cash value of life ins.                                 8669        9780
            Retirement accounts                                    17718       21733
            Other intermediate assets                               2798        2610
            Nonfarm real estate                                    37364       39429
            Other long term assets                                  4973        5119
          Total nonfarm assets                                    109013      119416
                                              -12-                                

 


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