NCTC FBM - Moorhead
Age Of Operator Report, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
Average For
All Farms Under 31 31 - 40 41 - 50 51 - 60
----------- -------- ------- ------- ------
Number of farms 72 7 19 31 12
Income Statement
Gross cash farm income 490981 433589 472329 466673 516141
Total cash farm expense 434399 403236 407473 405444 440045
Net cash farm income 56581 30353 64855 61229 76096
Inventory change 40102 73612 34975 34641 30050
Depreciation and capital adjustment -18642 -12116 -15956 -21886 -26053
Net farm income 78041 91849 83875 73984 80094
Profitability (cost)
Labor and management earnings 53535 84393 66293 44568 45326
Rate of return on assets 9 % 17 % 11 % 8 % 7 %
Rate of return on equity 11 % 49 % 17 % 8 % 7 %
Operating profit margin 16 % 20 % 17 % 16 % 17 %
Asset turnover rate 53 % 85 % 62 % 48 % 42 %
Profitability (market)
Labor and management earnings 22750 63307 54719 21437 -1010
Rate of return on assets 5 % 11 % 8 % 5 % 3 %
Rate of return on equity 4 % 27 % 11 % 4 % 1 %
Operating profit margin 12 % 16 % 16 % 13 % 11 %
Asset turnover rate 39 % 73 % 47 % 37 % 31 %
Liquidity
Term debt coverage ratio 120 % 189 % 132 % 126 % 124 %
Expense as a percent of income 81 % 79 % 80 % 80 % 81 %
Interest as a percent of income 8 % 7 % 7 % 8 % 9 %
Solvency (cost)
Number of sole proprietors 58 4 16 27 9
Ending farm assets 936940 - 750497 1034793 1146875
Ending farm liabilities 543258 - 498072 572960 594921
Ending total assets 1111285 - 912826 1225077 1377923
Ending total liabilities 585559 - 546308 620965 629292
Ending net worth 525726 - 366517 604113 748631
Net worth change 49040 - 51667 41206 55657
Ending farm debt to asset ratio 58 % 80 % 66 % 55 % 52 %
Beg total debt to asset ratio 54 % 88 % 63 % 51 % 48 %
End total debt to asset ratio 53 % 79 % 60 % 51 % 46 %
NCTC FBM - Moorhead
Age Of Operator Report, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
Average For
All Farms Under 31 31 - 40 41 - 50 51 - 60
----------- -------- ------- ------- ------
Number of farms 72 7 19 31 12
Solvency (market)
Number of sole proprietors 58 4 16 27 9
Ending farm assets 1177081 - 944917 1300053 1522181
Ending farm liabilities 669985 - 593097 721992 781748
Ending total assets 1378795 - 1141925 1522184 1769459
Ending total liabilities 732606 - 667018 786450 831876
Ending net worth 646189 - 474906 735734 937583
Net worth change 38849 - 46513 28248 47351
Ending farm debt to asset ratio 57 % 78 % 63 % 56 % 51 %
Beg total debt to asset ratio 53 % 86 % 60 % 51 % 48 %
End total debt to asset ratio 53 % 81 % 58 % 52 % 47 %
Nonfarm Information
Farms reporting living expenses 20 1 7 9 3
Total family living expense 35123 - 37218 35241 -
Total living, invest, & capital purch 55576 - 41226 60721 -
Net nonfarm income 17509 10242 19210 19135 18194
Crop Acres
Total acres owned 384 200 291 405 579
Total crop acres 1642 1587 1741 1547 1644
Total crop acres owned 323 116 201 347 577
Total crop acres cash rented 1276 1461 1448 1167 1067
Total crop acres share rented 43 11 92 33 -