South
East Area Reports for 1999
S.E. Minnesota FBM
Size Of Farm Report, 1999
(Farms Sorted By Gross Cash Farm Income)
Average For 0 - 40,001 - 100,001 - 200,001 -
All Farms 40,000 100,000 200,000 500,000 500,001 +
Number of farms 383 21 47 103 143 69
Income Statement
Gross cash farm income 332266 25331 74371 144150 313209 921654
Total cash farm expense 265139 30230 67441 108874 240627 755364
Net cash farm income 67127 -4899 6930 35276 72582 166290
Inventory change 8780 2701 2443 -1399 5927 36055
Depreciation and capital adjustment -21994 2038 -4976 -10689 -22537 -56652
Net farm income 53913 -160 4398 23188 55972 145693
Profitability (cost)
Labor and management earnings 36451 -3466 1616 12730 37387 103948
Rate of return on assets 8 % 0 % 2 % 5 % 8 % 10 %
Rate of return on equity 9 % -10 % -6 % 3 % 9 % 14 %
Operating profit margin 19 % 1 % 6 % 14 % 19 % 22 %
Asset turnover rate 43 % 16 % 34 % 36 % 43 % 47 %
Profitability (market)
Labor and management earnings 45841 -7072 -2251 39192 42512 111526
Rate of return on assets 8 % -0 % 1 % 10 % 8 % 10 %
Rate of return on equity 11 % -6 % -5 % 14 % 10 % 14 %
Operating profit margin 25 % -1 % 6 % 38 % 23 % 24 %
Asset turnover rate 34 % 9 % 23 % 27 % 33 % 39 %
Liquidity
Term debt coverage ratio 171 % 129 % 88 % 120 % 150 % 229 %
Expense as a percent of income 78 % 108 % 88 % 76 % 75 % 79 %
Interest as a percent of income 7 % 26 % 14 % 9 % 7 % 7 %
Solvency (cost)
Number of sole proprietors 308 17 41 86 117 47
Ending farm assets 621029 203523 229433 355771 662568 1495609
Ending farm liabilities 329768 125866 128394 187155 328097 844300
Ending total assets 743266 299895 331820 455412 799860 1648387
Ending total liabilities 341875 153364 148579 198555 338023 850515
Ending net worth 401391 146531 183241 256857 461836 797872
Net worth change 33668 22244 14767 20084 31608 84272
Ending farm debt to asset ratio 53 % 62 % 56 % 53 % 50 % 56 %
Beg total debt to asset ratio 48 % 51 % 45 % 45 % 43 % 55 %
End total debt to asset ratio 46 % 51 % 45 % 44 % 42 % 52 %
10&a65R -1-
S.E. Minnesota FBM
Size Of Farm Report, 1999
(Farms Sorted By Gross Cash Farm Income)
Average For 0 - 40,001 - 100,001 - 200,001 -
All Farms 40,000 100,000 200,000 500,000 500,001 +
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Number of farms 383 21 47 103 143 69
Solvency (market)
Number of sole proprietors 315 19 43 88 118 47
Ending farm assets 785794 294016 318634 494125 845066 1809296
Ending farm liabilities 397920 157065 163737 227271 405596 1009780
Ending total assets 916209 402764 431838 599284 990945 1972678
Ending total liabilities 419581 186865 188491 247378 426930 1029050
Ending net worth 496629 215899 243347 351906 564015 943627
Net worth change 51939 21788 14116 54319 45136 111359
Ending farm debt to asset ratio 51 % 53 % 51 % 46 % 48 % 56 %
Beg total debt to asset ratio 48 % 46 % 43 % 44 % 44 % 55 %
End total debt to asset ratio 46 % 46 % 44 % 41 % 43 % 52 %
Nonfarm Information
Farms reporting living expenses 222 10 25 64 87 36
Total family living expense 26263 24235 21376 23600 28382 29833
Total living, invest, & capital purch 45583 57350 33877 40429 48549 52439
Net nonfarm income 20447 45726 29635 19433 14569 20191
Crop Acres
Total acres owned 227 103 126 179 236 385
Total crop acres 476 154 202 279 541 918
Total crop acres owned 186 54 98 125 204 343
Total crop acres cash rented 267 65 92 134 310 555
Total crop acres share rented 23 35 12 19 28 20
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