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 cash farm income	79,033	15,919	37,869	59,146	96,838	185,251

Crops and Feed
Ending inventory	118,717	59,779	69,323	95,873	127,169	241,309
Beginning inventory	117,867	68,272	74,761	96,840	132,398	216,951
Inventory change	850	-8,493	-5,438	-967	-5,229	24,358

Market Livestock
Ending inventory	37,507	16,461	15,804	21,177	34,053	99,995
Beginning inventory	32,709	17,911	14,372	20,066	29,089	82,072
Inventory change	4,799	-1,450	1,431	1,112	4,963	17,923

Accts Receivable & Other Current Assets
Ending inventory	30,983	16,486	15,311	18,735	31,747	72,603
Beginning inventory	21,757	14,838	10,288	12,466	20,097	51,080
Inventory change	9,226	1,648	5,023	6,269	11,650	21,523

Prepaid Expenses and Supplies
Ending inventory	23,234	8,559	11,327	15,911	22,634	57,706
Beginning inventory	19,522	8,939	11,012	14,372	19,801	43,463
Inventory change	3,712	-379	315	1,538	2,833	14,244

Accounts Payable & Accrued Expenses
Beginning inventory	15,590	14,189	10,372	12,792	15,123	25,472
Ending inventory	15,495	15,498	11,633	11,659	15,000	23,686
Inventory change	95	-1,309	-1,261	1,133	122	1,786

Total inventory change	18,682	-9,984	70	9,085	14,341	79,834

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