South East Area Reports for 1999

                                         S.E. Minnesota FBM                               
                                    STATEMENT OF CASH FLOWS, 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


          (a) Beginning cash balance (farm & nonfarm)       13332        18800        10768

              CASH FROM OPERATING ACTIVITIES
                Gross cash farm income                     332266       749064       179888
                Net nonfarm income                (+)       20447        14071        34024
                Total cash farm expense           (-)      265139       586522       166410
                Apparent family living expense    (-)       34721        55369        26225
                Income and social security tax    (-)        5239         7166         3361
          (b) Cash from operations                (=)       47614       114079        17916

              CASH FROM INVESTING ACTIVITIES
                Sale of breeding livestock                   4216        10203         2426
                Sale of machinery & equipment     (+)        1555         3163         1181
                Sale of farm land                 (+)        1681           39         1870
                Sale of farm buildings            (+)         544           -           968
                Sale of other farm assets         (+)         636          638          542
                Sale of nonfarm assets            (+)        4526         9312         3837
                Purchase of breeding livestock    (-)        8644        19860         3692
                Purchase of machinery & equip.    (-)       25623        50218        12528
                Purchase of farm land             (-)        9738        21311         6564
                Purchase of farm buildings        (-)       11594        23514         7437
                Purchase of other farm assets     (-)        2306         5346         1128
                Purchase of nonfarm assets        (-)        9769        14274         9247
          (c) Cash from investing activities      (=)      -54516      -111167       -29771

              CASH FROM FINANCING ACTIVITIES
                Money borrowed                             136362       213309       126644
                Cash gifts and inheritances       (+)        3043         5517         2077
                Principal payments                (-)      130957       223438       115252
                Dividends paid                    (-)          43           -           195
                Gifts given                       (-)          70           -            28
          (d) Cash from financing activities      (=)        8335        -4613        13245

          (e) Net change in cash balance      (b+c+d)        1433        -1701         1390
              Ending cash balance (farm & nonfarm)          14766        17099        12159

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