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	78	15	15	16

Net cash farm income	139,671	33,735	128,505	259,036

Crops and Feed
Ending inventory	280,682	74,905	290,052	506,716
Beginning inventory	237,211	71,297	234,060	422,265
Inventory change	43,470	3,608	55,992	84,451

Market Livestock
Ending inventory	5,052	1,133	25,085	50
Beginning inventory	4,950	1,057	24,683	-
Inventory change	102	76	401	50

Accts Receivable & Other Current Assets
Ending inventory	21,666	2,340	10,851	52,547
Beginning inventory	53,976	8,851	47,526	96,619
Inventory change	-32,310	-6,512	-36,675	-44,071

Prepaid Expenses and Supplies
Ending inventory	52,021	9,414	37,195	102,751
Beginning inventory	42,757	8,541	33,140	93,989
Inventory change	9,263	872	4,055	8,762

Accounts Payable & Accrued Expenses
Beginning inventory	18,836	5,621	22,718	31,541
Ending inventory	16,923	5,639	24,245	17,269
Inventory change	1,914	-17	-1,527	14,272

Total inventory change	22,440	-1,972	22,247	63,465

Net operating profit	162,111	31,763	150,751	322,500