Liquidity Measures
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	76	15	15	16

Liquidity (cash)
Net cash farm income	129,663	50,377	117,175	233,730
Net nonfarm income	15,515	26,148	13,861	8,111
Family living and taxes	72,488	59,438	67,395	104,970
Principal due on long term debt	12,121	10,394	12,152	13,217
Cash available for interm. debt	60,568	6,693	51,490	123,655
Average intermediate debt	179,903	147,295	196,080	199,132

Years to turnover interm. debt	3.0	22.0	3.8	1.6
Expense as a % of income	78 %	86 %	81 %	74 %
Interest as a % of income	5 %	5 %	6 %	3 %

Liquidity (accrual)
Total accrual farm income	575,145	336,304	575,532	917,292
Total accrual operating expense	468,969	327,316	495,714	684,402
Net accrual operating income	106,176	8,988	79,818	232,891
Net nonfarm income	15,515	26,148	13,861	8,111
Family living and taxes	72,488	59,438	67,395	104,970
Principal due on long term debt	12,121	10,394	12,152	13,217
Available for intermediate debt	37,081	-34,695	14,132	122,815
Average intermediate debt	179,903	147,295	196,080	199,132

Years to turnover interm. debt	4.9	**	13.9	1.6
Expense as a % of income	82 %	97 %	86 %	75 %
Interest as a % of income	5 %	6 %	6 %	3 %

** Income insufficient to meet debt servicing requirements