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

Nonfarm Income
Nonfarm wages & salary	13,308	22,569	15,510	11,477	9,450	7,552
Nonfarm business income	1,429	2,470	2,414	674	921	664
Nonfarm rental income	458	638	235	462	231	724
Nonfarm interest income	411	352	323	337	356	685
Nonfarm cash dividends	291	240	211	671	147	185
Tax refunds	908	1,398	976	912	682	573
Nontaxable nonfarm income	0	-	-	-	2	-
Gifts and inheritances	2,183	1,349	1,326	3,455	2,534	2,253
Other nonfarm income	1,946	2,783	2,147	1,797	1,630	1,376
Total nonfarm income	20,934	31,799	23,143	19,784	15,954	14,012

Nonfarm Assets (market)
Checking & savings	4,869	3,684	3,421	6,264	5,459	5,517
Stocks & bonds	7,621	3,782	5,257	6,944	8,241	13,874
Other current assets	2,546	2,594	2,078	1,312	2,935	3,807
Furniture & appliances	10,124	10,499	9,489	10,025	11,257	9,351
Nonfarm vehicles	10,037	9,724	10,034	9,256	10,994	10,177
Cash value of life ins.	7,777	5,121	7,147	7,416	8,863	10,332
Retirement accounts	23,419	17,929	15,991	19,672	22,886	40,596
Other intermediate assets	4,732	4,354	3,162	4,491	4,683	6,968
Nonfarm real estate	33,445	35,308	32,013	29,565	35,703	34,632
Other long term assets	5,652	5,785	2,799	7,636	4,617	7,429
Total nonfarm assets	110,223	98,780	91,392	102,581	115,637	142,683

Nonfarm Liabilities
Accrued interest	136	108	106	76	296	92
Accounts payable	1,662	1,054	845	1,140	1,714	3,554
Current notes	4,008	3,753	3,109	3,195	3,996	5,988
Princ due on term debt	1,532	1,655	1,619	1,455	1,424	1,507
Total current liabilities	4,008	3,753	3,109	3,195	3,996	5,988
Intermediate liabilities	3,083	3,851	3,814	2,844	2,695	2,210
Long term liabilities	8,565	12,441	9,117	5,887	8,205	7,177
Total nonfarm liabilities	15,656	20,045	16,040	11,926	14,896	15,374

Nonfarm net worth	94,567	78,736	75,352	90,655	100,741	127,309
Nonfarm debt to asset ratio	14 %	20 %	18 %	12 %	13 %	11 %