Farm Business Management -- Reports -- State-wide Minnesota 2004

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

Number of farms	2234	446	447	447	447	447

Net operating profit	97,715	5,935	37,940	68,231	111,179	265,085

Breeding Livestock
Ending inventory	55,660	25,265	26,017	42,808	66,579	117,561
Capital sales	1,885	1,396	1,498	1,421	1,758	3,351
Beginning inventory	52,724	24,402	24,498	41,524	62,778	110,354
Capital purchases	6,497	5,845	4,257	3,730	7,452	11,200
Depreciation, capital adjust.	-1,676	-3,586	-1,240	-1,025	-1,892	-643

Machinery and Equipment
Ending inventory	186,527	125,805	127,087	142,804	194,249	342,556
Capital sales	3,204	1,634	2,462	2,318	3,386	6,217
Beginning inventory	168,593	121,231	116,643	130,797	173,749	300,441
Capital purchases	39,637	18,586	25,246	28,820	42,888	82,596
Depreciation, capital adjust.	-18,499	-12,379	-12,341	-14,495	-19,002	-34,265

Buildings and Improvements
Ending inventory	108,570	60,484	67,612	67,854	106,030	240,762
Capital sales	271	433	0	563	128	231
Beginning inventory	100,057	58,258	60,709	62,143	96,253	222,828
Capital purchases	14,877	5,793	10,395	10,408	15,519	32,249
Depreciation, capital adjust.	-6,093	-3,135	-3,492	-4,135	-5,615	-14,084

Other Capital Assets
Ending inventory	53,429	30,907	23,833	43,136	59,267	109,950
Capital sales	874	108	191	407	787	2,876
Beginning inventory	49,083	29,999	21,682	39,703	52,634	101,355
Capital purchases	3,906	963	1,776	3,634	5,570	7,578
Depreciation, capital adjust.	1,314	53	566	206	1,850	3,893

Total depreciation, capital adj.	-24,954	-19,046	-16,507	-19,449	-24,659	-45,098

Net farm income	72,761	-13,111	21,433	48,783	86,519	219,987