TABLE - 5                                                     
                                                   BALANCE SHEET AT COST VALUES, 1999                                        
                                        Minnesota and North Dakota Farm Business Mgmt Education                              
                                                   (Farms sorted by Net Farm Income)                                         

                                                              Average Of              Average Of              Average Of           
                                                               All Farms               Low 20 %               High 20 %            
                                                                        

          Number of Farms                                           175                      40                      26

                                                        Beginning     Ending    Beginning     Ending    Beginning     Ending
          ASSETS                                       
          Current Farm Assets
            Cash and checking balance                       12903       16279        8151       16290       16742       11559
            Prepaid expenses & supplies                     17670       23484        7655       10893       36241       47963
            Growing crops                                      78           5         341          -           -           - 
            Accounts receivable                             25061       33514        7841       12556       62931       88914
            Hedging accounts                                  883        1580         317         430        1928        8319
            Crops held for sale or feed                    121847      140254       97675       82519      238611      301490
            Crops under government loan                      7946        4207        7252        1049       11016        4968
            Market livestock held for sale                   2202        2913          96         860        7251        9480
            Other current assets                             1884        2708         273         745          -         3861
            Total current farm assets                      190474      224943      129601      125342      374721      476554
          Intermediate Farm Assets
            Breeding livestock                               1363        1294         530          50        5487        6479
            Machinery and equipment                        177783      186418      128970      132302      322131      355509
            Other intermediate assets                      120031      128944       45126       54254      221480      256301
            Total intermediate farm assets                 299177      316656      174626      186606      549097      618289
          Long-Term Farm Assets
            Farm land                                      269929      281037      220869      228106      500134      526588
            Buildings and improvements                      37678       38893       23023       22984       89135       90919
            Other long-term assets                          19867       21036        6133        6507       45769       50388
            Total long-term farm assets                    327474      340966      250025      257597      635038      667894
          Total Farm Assets                                817126      882564      554251      569545     1558855     1762738

          Total Nonfarm Assets                             125799      137345       88341       94888      188928      211677
          Total Assets                                     942925     1019909      642592      664433     1747783     1974415

          LIABILITIES
          Current Farm Liabilities
            Accrued interest                                11830       11394       10577       11002       13665       14047
            Accounts payable                                12037       11176       16975       10330       20541       21784
            Current notes                                  101774      102812       89157       78932      205250      229774
            Government crop loans                            5227        2661        3963         631        7956        4390
            Principal due on term debt                      32402       35696       22384       26772       56098       66449
            Total current farm liabilities                 163271      163739      143056      127667      303510      336446
          Intermediate Farm Liabilities                    125713      130806       88326      103774      197453      198805
          Long-term Farm Liabilities                       158567      168055      119897      142072      310652      317006
          Total Farm Liabilities                           447551      462600      351278      373513      811615      852256

          Total Nonfarm Liabilities                         21551       24625       18823       24198       35249       41008
          Total Liabilities                                469101      487225      370102      397712      846864      893265

          Net Worth (farm and nonfarm)                     473823      532684      272490      266721      900919     1081150
          Net Worth Change                                              58861                   -5769                  180231

          RATIO ANALYSIS
            Current Farm Liabilities / Assets                86 %        73 %       110 %       102 %        81 %        71 %
            Curr. & Interm Farm Liab / Assets                59 %        54 %        76 %        74 %        54 %        49 %
            Long Term Farm Liab. / Assets                    48 %        49 %        48 %        55 %        49 %        47 %
            Total Liabilities / Assets                       50 %        48 %        58 %        60 %        48 %        45 %