TABLE 8
STATEMENT OF CASH FLOWS
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Farm Income)
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of farms 230 46 46 46
Beginning cash (farm & nonfarm) 21,939 16,329 18,737 36,901
CASH FROM OPERATING ACTIVITIES
Gross cash farm income 559,921 417,592 517,379 910,946
Net nonfarm income 15,123 21,327 12,833 9,328
Total cash farm expense -427,807 -358,022 -404,286 -648,469
Apparent family living expense -54,611 -42,325 -50,550 -72,976
Income and social security tax -14,239 -11,175 -8,852 -25,227
Cash from operations 78,388 27,397 66,524 173,602
CASH FROM INVESTING ACTIVITIES
Sale of breeding livestock 2 - - -
Sale of machinery & equipment 4,657 2,237 4,677 6,258
Sale of titled vehicles 9 43 - -
Sale of farm land 1,713 326 85 -
Sale of farm buildings 2,192 3,913 - 5,943
Sale of other farm assets 1,921 0 100 3,652
Sale of nonfarm assets 3,388 473 7,921 1,700
Purchase of breeding livestock -25 - -1 -39
Purchase of machinery & equip. -58,274 -32,405 -56,402 -98,961
Purchase of titled vehicles -3,641 -2,561 -3,754 -5,501
Purchase of farm land -37,769 -16,450 -48,820 -45,669
Purchase of farm buildings -9,716 -6,894 -6,365 -14,742
Purchase of other farm assets -12,684 -543 -18,028 -10,096
Purchase of nonfarm assets -23,709 -12,588 -24,924 -38,051
Cash from investing activities -131,936 -64,448 -145,510 -195,505
CASH FROM FINANCING ACTIVITIES
Money borrowed 335,326 318,642 351,266 368,972
Cash gifts and inheritances 5,459 5,465 6,430 12,279
Principal payments -283,570 -278,342 -280,897 -351,679
Dividends paid -13 - - -
Gifts given -350 - -120 -1,563
Cash from financing activities 56,852 45,766 76,679 28,009
Net change in cash balance 3,304 8,715 -2,307 6,106
Ending cash (farm & nonfarm) 25,243 25,044 16,430 43,007
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