Red River Valley Reports For 1999

                                                                TABLE 13 - 3                                         
                                                        Age Of Operator Report, 1999                                 
                                          Minnesota and North Dakota Farm Business Mgmt Education                    
                                                              Red River Valley                                       

                                                              Average For                                            
                                                               All Farms    Under 31    31 - 40    41 - 50    51 - 60
                                                              

                      Number of farms                                 211         17         64         94         32

                      Income Statement
                        Gross cash farm income                     467944     298855     435418     471422     576231
                        Total cash farm expense                    394956     266607     365850     394228     476260
                        Net cash farm income                        72988      32248      69568      77193      99971
                        Inventory change                            33113      31830      30176      34792      32152
                        Depreciation and capital adjustment        -19049     -10026     -15126     -21556     -26469
                        Net farm income                             87052      54053      84618      90430     105654

                      Profitability (cost)
                        Labor and management earnings               59086      46332      67550      57020      60382
                        Rate of return on assets                      9 %       12 %       11 %        9 %        7 %
                        Rate of return on equity                     11 %       24 %       18 %       10 %        8 %
                        Operating profit margin                      18 %       17 %       19 %       19 %       19 %
                        Asset turnover rate                          50 %       72 %       61 %       46 %       40 %

                      Liquidity
                        Term debt coverage ratio                    151 %      169 %      155 %      155 %      162 %
                        Expense as a percent of income               79 %       80 %       78 %       77 %       79 %
                        Interest as a percent of income               8 %        7 %        7 %        7 %        8 %

                      Solvency (market)
                        Number of sole proprietors                    170         14         51         78         24
                        Ending farm assets                        1050062     523312     808987    1147556    1598590
                        Ending farm liabilities                    549732     366921     462097     582429     776765
                        Ending total assets                       1204742     560679     936023    1304488    1873528
                        Ending total liabilities                   587866     389391     503684     620722     819551
                        Ending net worth                           616875     171287     432339     683766    1053977
                        Net worth change                            58499      36745      51454      54103     106445
                        Ending farm debt to asset ratio              52 %       70 %       57 %       51 %       49 %
                        Beg total debt to asset ratio                50 %       70 %       56 %       49 %       46 %
                        End total debt to asset ratio                49 %       69 %       54 %       48 %       44 %

                      Nonfarm Information
                        Farms reporting living expenses                23          1          8         12          2
                        Total family living expense                 31543         -       28186      34805         - 
                        Total living, invest, & capital purch       45512         -       34786      53350         - 
                        Net nonfarm income                          16283      11942      15164      15755      23853

                      Crop Acres
                        Total acres owned                             412        215        252        439        762
                        Total crop acres                             1729       1217       1794       1678       1992
                        Total crop acres owned                        376        152        228        402        729
                        Total crop acres cash rented                 1240       1046       1446       1151       1141
                        Total crop acres share rented                 113         18        120        126        122

[ HOME | CURRICULUM | INSTRUCTORS | REPORTS | LINKS ]