Red River Valley Reports For 1999

                                              TABLE - 7                                   
                                    STATEMENT OF CASH FLOWS, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                  (Farms sorted by Net Farm Income)                       

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

          Number of Farms                                     211           42           42

          (a) Beginning cash balance (farm & nonfarm)       19662        13305        27173

              CASH FROM OPERATING ACTIVITIES
                Gross cash farm income                     467944       274260       824767
                Net nonfarm income                (+)       16283        23669         7016
                Total cash farm expense           (-)      394956       253920       668928
                Apparent family living expense    (-)       37538        24547        55068
                Income and social security tax    (-)        9359         5013        13601
          (b) Cash from operations                (=)       42374        14449        94187

              CASH FROM INVESTING ACTIVITIES
                Sale of breeding livestock                     88           -           186
                Sale of machinery & equipment     (+)        2159         1985         3734
                Sale of farm land                 (+)         177          890           - 
                Sale of farm buildings            (+)          12           60           - 
                Sale of other farm assets         (+)        3913          955         2835
                Sale of nonfarm assets            (+)        3414          167          793
                Purchase of breeding livestock    (-)          -            -            - 
                Purchase of machinery & equip.    (-)       31699        18461        61480
                Purchase of farm land             (-)       11071         3663        25549
                Purchase of farm buildings        (-)        1665          568         2170
                Purchase of other farm assets     (-)        9793         9366        17357
                Purchase of nonfarm assets        (-)        8717         6742        16274
          (c) Cash from investing activities      (=)      -53182       -34745      -115282

              CASH FROM FINANCING ACTIVITIES
                Money borrowed                             304141       219500       536384
                Cash gifts and inheritances       (+)        3785          576         4714
                Principal payments                (-)      288186       190064       516664
                Dividends paid                    (-)         239           -            - 
                Gifts given                       (-)         210           -           143
          (d) Cash from financing activities      (=)       19290        30012        24291

          (e) Net change in cash balance      (b+c+d)        8482         9717         3197
              Ending cash balance (farm & nonfarm)          28144        23022        30370

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