TABLE 5
LIQUIDITY MEASURES
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
LIQUIDITY (cash)
Net cash farm income 132,114 59,570 113,093 262,477
Net nonfarm income 15,123 21,327 12,833 9,328
Family living and taxes 68,863 53,501 59,402 98,202
Principal due on long term debt 11,177 10,495 9,116 15,503
Cash available for interm. debt 67,197 16,902 57,408 158,099
Average intermediate debt 167,393 151,817 156,514 218,110
Years to turnover interm. debt 2.5 9.0 2.7 1.4
Expense as a % of income 76 % 86 % 78 % 71 %
Interest as a % of income 4 % 5 % 4 % 3 %
LIQUIDITY (accrual)
Total accrual farm income 546,185 370,392 502,212 906,376
Total accrual operating expense 435,654 370,410 408,421 650,121
Net accrual operating income 110,531 -19 93,791 256,255
Net nonfarm income 15,123 21,327 12,833 9,328
Family living and taxes 68,863 53,501 59,402 98,202
Principal due on long term debt 11,177 10,495 9,116 15,503
Available for intermediate debt 45,614 -42,687 38,106 151,878
Average intermediate debt 167,393 151,817 156,514 218,110
Years to turnover interm. debt 3.7 ** 4.1 1.4
Expense as a % of income 80 % 100 % 81 % 72 %
Interest as a % of income 5 % 7 % 5 % 3 %
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