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	75	15	15	15

Liquidity (cash)
Net cash farm income	72,445	69,450	64,879	167,082
Net nonfarm income	16,818	18,843	16,931	9,268
Family living and taxes	71,249	82,775	53,663	103,517
Principal due on long term debt	13,132	15,854	8,694	14,770
Cash available for interm. debt	4,883	-10,336	19,454	58,063
Average intermediate debt	182,358	362,529	95,406	182,049

Years to turnover interm. debt	37.3	**	4.9	3.1
Expense as a % of income	87 %	90 %	81 %	82 %
Interest as a % of income	5 %	4 %	6 %	4 %
Working capital to gross income	10 %	-10 %	17 %	33 %

Liquidity (accrual)
Total accrual farm income	575,782	640,266	328,198	939,508
Total accrual operating expense	511,545	669,422	274,901	736,899
Net accrual operating income	64,237	-29,156	53,297	202,610
Net nonfarm income	16,818	18,843	16,931	9,268
Family living and taxes	71,249	82,775	53,663	103,517
Principal due on long term debt	13,132	15,854	8,694	14,770
Available for intermediate debt	-3,326	-108,942	7,872	93,590
Average intermediate debt	182,358	362,529	95,406	182,049

Years to turnover interm. debt	**	**	12.1	1.9
Expense as a % of income	89 %	105 %	84 %	78 %
Interest as a % of income	6 %	8 %	7 %	4 %
Working capital to gross income	10 %	-11 %	18 %	32 %

** Income insufficient to meet debt servicing requirements