Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms	Low 20%	20 - 40%	40 - 60%	60 - 80%	High 20%

Number of farms	2293	458	459	458	459	459

Liquidity (cash)
Net cash farm income	55,014	12,292	31,123	43,500	66,116	121,922
Net nonfarm income	18,700	30,236	21,785	16,327	13,413	11,757
Family living and taxes	40,208	31,111	30,670	35,904	42,644	60,682
Real estate principal payments	9,254	7,365	7,263	7,737	9,627	14,271
Cash available for interm. debt	24,251	4,052	14,974	16,186	27,258	58,726
Average intermediate debt	97,860	85,225	72,361	78,830	98,599	154,214

Years to turnover interm. debt	4.0	21.0	4.8	4.9	3.6	2.6
Expense as a % of income	83 %	93 %	83 %	82 %	81 %	81 %
Interest as a % of income	8 %	11 %	10 %	9 %	7 %	6 %

Liquidity (accrual)
Total accrual farm income	340,306	181,309	189,874	252,860	366,879	710,071
Total accrual operating expense	263,748	173,486	157,174	197,616	277,660	512,462
Net accrual operating income	76,558	7,824	32,700	55,245	89,219	197,609
Net nonfarm income	18,700	30,236	21,785	16,327	13,413	11,757
Family living and taxes	40,208	31,111	30,670	35,904	42,644	60,682
Real estate principal payments	9,254	7,365	7,263	7,737	9,627	14,271
Available for intermediate debt	45,796	-416	16,552	27,930	50,361	134,413
Average intermediate debt	97,860	85,225	72,361	78,830	98,599	154,214

Years to turnover interm. debt	2.1	**	4.4	2.8	2.0	1.1
Expense as a % of income	78 %	96 %	83 %	78 %	76 %	72 %
Interest as a % of income	7 %	12 %	10 %	9 %	7 %	6 %

** Income insufficient to meet debt servicing requirements