Inventory Changes
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By Net Farm Income)

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

Number of farms	73	14	14	15

Net cash farm income	102,179	34,975	69,129	196,542

Crops and Feed
Ending inventory	205,689	82,938	173,887	424,414
Beginning inventory	182,097	97,567	155,931	338,127
Inventory change	23,592	-14,629	17,956	86,288

Market Livestock
Ending inventory	22	-	-	-
Beginning inventory	31	-	-	-
Inventory change	-10	-	-	-

Accts Receivable & Other Current Assets
Ending inventory	19,132	12,341	10,647	24,671
Beginning inventory	41,151	20,102	21,276	66,225
Inventory change	-22,020	-7,761	-10,629	-41,554

Prepaid Expenses and Supplies
Ending inventory	39,348	12,112	26,463	83,365
Beginning inventory	29,805	12,032	21,944	62,426
Inventory change	9,543	79	4,518	20,939

Accounts Payable & Accrued Expenses
Beginning inventory	17,447	14,095	19,820	21,364
Ending inventory	17,337	14,009	13,226	24,160
Inventory change	110	86	6,594	-2,796

Total inventory change	11,216	-22,224	18,440	62,877

Net operating profit	113,395	12,751	87,570	259,419