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State-wide Reports for 2004


Profitability Measures
Minnesota State Colleges and Universities Statewide Farm Business Management Database
(Farms Sorted By Net Farm Income)

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of farms 2234 446 447 447 447 447
 
Profitability (assets valued at cost)
Net farm income 72,761 -13,111 21,433 48,783 86,519 219,987
Labor and management earnings 49,125 -25,121 7,836 31,393 60,568 170,781
Rate of return on assets 8.0 % -2.7 % 3.1 % 6.3 % 8.8 % 13.4 %
Rate of return on equity 10.9 % -18.0 % -0.3 % 7.3 % 12.4 % 20.8 %
Operating profit margin 17.6 % -8.0 % 7.6 % 14.3 % 19.4 % 26.0 %
Asset turnover rate 45.6 % 33.6 % 41.4 % 44.1 % 45.6 % 51.6 %
 
Interest on farm net worth 23,636 12,010 13,596 17,390 25,952 49,206
Farm interest expense 23,423 19,388 16,765 19,278 22,560 39,114
Value of operator lbr and mgmt. 30,806 20,282 22,016 27,880 33,474 50,354
Return on farm assets 65,378 -14,005 16,182 40,181 75,606 208,748
Average farm assets 816,980 521,419 515,181 636,721 854,520 1,556,398
Return on farm equity 41,955 -33,393 -584 20,903 53,046 169,634
Average farm equity 385,864 185,493 215,398 285,085 426,346 816,551
Value of farm production 372,491 175,318 213,129 280,560 389,295 803,712
 
 
  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of farms 2234 446 447 447 447 447
 
Profitability (assets valued at market)
Net farm income 90,588 5,143 41,653 63,577 106,362 236,014
Labor and management earnings 58,091 -13,934 19,988 37,971 72,816 173,451
Rate of return on assets 7.8 % 0.6 % 5.0 % 6.4 % 8.8 % 11.4 %
Rate of return on equity 11.1 % -4.8 % 5.5 % 8.4 % 13.1 % 17.8 %
Operating profit margin 22.3 % 2.4 % 17.1 % 19.6 % 24.5 % 28.0 %
Asset turnover rate 34.8 % 24.5 % 29.4 % 32.7 % 35.9 % 40.8 %
 
Interest on farm net worth 32,498 19,078 21,666 25,606 33,546 62,563
Farm interest expense 23,423 19,388 16,765 19,278 22,560 39,114
Value of operator lbr and mgmt. 30,806 20,282 22,016 27,880 33,474 50,354
Return on farm assets 83,206 4,250 36,402 54,975 95,449 224,775
Average farm assets 1,070,432 715,232 724,622 856,717 1,083,946 1,970,849
Return on farm equity 59,783 -15,138 19,637 35,698 72,888 185,661
Average farm equity 540,868 316,742 360,034 426,195 558,155 1,042,714
Value of farm production 372,491 175,318 213,129 280,560 389,295 803,712


 

 

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