Red
River Valley Reports For 1999
TABLE - 6
BALANCE SHEET AT MARKET 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 1247 1215 530 50 5033 5946
Machinery and equipment 241214 249660 169948 175847 408690 440267
Other intermediate assets 174021 180885 59126 67949 315517 352811
Total intermediate farm assets 416483 431760 229603 243846 729240 799024
Long-Term Farm Assets
Farm land 311483 327183 237524 244336 584405 612116
Buildings and improvements 46316 48809 26031 28717 112265 113866
Other long-term assets 21854 22958 6570 6557 51790 54856
Total long-term farm assets 379652 398949 270125 279610 748460 780838
Total Farm Assets 986610 1055653 629329 648799 1852420 2056417
Total Nonfarm Assets 139102 153435 99802 110012 211524 234784
Total Assets 1125712 1209087 729131 758811 2063944 2291200
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 Deferred Liabilities 93219 101401 44103 49990 170967 187217
Total Liabilities 562321 588626 414205 447702 1017831 1080482
Net Worth (farm and nonfarm) 563391 620462 314926 311109 1046113 1210719
Net Worth Change 57071 -3817 164606
RATIO ANALYSIS
Current Farm Liabilities / Assets 86 % 73 % 110 % 102 % 81 % 71 %
Curr. & Interm Farm Liab. / Assets 48 % 45 % 64 % 63 % 45 % 42 %
Long Term Farm Liabilities / Assets 42 % 42 % 44 % 51 % 42 % 41 %
Total Liabilities / Assets 50 % 49 % 57 % 59 % 49 % 47 %
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