TABLE 7
                   FINANCIAL STANDARDS MEASURES, 2000                          
        North Dakota Farm Business Management Education Program             
                              State Report                                  
                    (Farms Sorted By Net Farm Income)                       

                                        Avg. Of                         
                                       All Farms    Low 20%    High 20% 

Number of farms                             475          95          95

LIQUIDITY
  Current ratio                            1.57        0.91        2.12
  Working capital                        59,373      -9,416     166,398

SOLVENCY (cost)
  Farm debt to asset ratio                 50 %        72 %        38 %
  Farm equity to asset ratio               50 %        28 %        62 %
  Farm debt to equity ratio                98 %       255 %        62 %

PROFITABILITY (cost)
  Rate of return on farm assets           8.5 %      -1.3 %      14.3 %
  Rate of return on farm equity           9.9 %     -22.2 %      19.0 %
  Operating profit margin                20.9 %      -3.8 %      30.7 %
  Net farm income                        54,022      -7,487     142,437

REPAYMENT CAPACITY
  Term debt coverage ratio                162 %        49 %       301 %
  Capital replacement margin             23,825     -19,609      93,048

EFFICIENCY
  Asset turnover rate (cost)             40.8 %      33.2 %      46.4 %
  Operating expense ratio                65.4 %      81.6 %      60.8 %
  Depreciation expense ratio              5.1 %       8.6 %       3.7 %
  Interest expense ratio                  8.2 %      14.3 %       5.4 %
  Net farm income ratio                  21.2 %      -4.6 %      30.1 %