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 | 75 | 15 | 15 | 15 |
| Net cash farm income | 72,445 | 69,450 | 64,879 | 167,082 |
| Crops and Feed | ||||
| Ending inventory | 249,161 | 244,280 | 149,480 | 422,992 |
| Beginning inventory | 226,167 | 268,823 | 147,673 | 376,920 |
| Inventory change | 22,995 | -24,543 | 1,807 | 46,072 |
| Market Livestock | ||||
| Ending inventory | 5,438 | - | - | 27,191 |
| Beginning inventory | 4,760 | - | 1,971 | 21,828 |
| Inventory change | 678 | - | -1,971 | 5,363 |
| Accts Receivable & Other Current Assets | ||||
| Ending inventory | 20,378 | 37,871 | 9,354 | 25,663 |
| Beginning inventory | 40,255 | 92,289 | 23,197 | 51,008 |
| Inventory change | -19,877 | -54,418 | -13,843 | -25,346 |
| Prepaid Expenses and Supplies | ||||
| Ending inventory | 44,164 | 57,132 | 18,924 | 79,058 |
| Beginning inventory | 44,654 | 56,108 | 13,046 | 81,422 |
| Inventory change | -489 | 1,024 | 5,877 | -2,364 |
| Accounts Payable & Accrued Expenses | ||||
| Beginning inventory | 20,569 | 32,442 | 10,926 | 28,472 |
| Ending inventory | 32,084 | 53,111 | 14,378 | 16,671 |
| Inventory change | -11,515 | -20,669 | -3,452 | 11,802 |
| Total inventory change | -8,208 | -98,606 | -11,582 | 35,527 |
| Net operating profit | 64,237 | -29,156 | 53,297 | 202,610 |