TABLE 2
INVENTORY CHANGES, 2001
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 452 90 91
Net cash farm income 51,299 17,601 109,194
CROPS AND FEED
Ending inventory 87,924 66,313 170,838
Beginning inventory 81,712 71,376 153,739
Inventory change 6,212 -5,063 17,099
MARKET LIVESTOCK
Ending inventory 40,764 27,116 68,313
Beginning inventory 38,516 29,235 63,124
Inventory change 2,248 -2,119 5,188
ACCTS RECEIVABLE & OTHER CURRENT ASSETS
Ending inventory 17,417 13,060 34,011
Beginning inventory 27,556 28,831 34,242
Inventory change -10,138 -15,771 -231
PREPAID EXPENSES AND SUPPLIES
Ending inventory 10,471 8,926 23,146
Beginning inventory 9,385 6,590 19,941
Inventory change 1,086 2,336 3,205
ACCOUNTS PAYABLE & ACCRUED EXPENSES
Beginning inventory 16,641 21,046 17,254
Ending inventory 18,182 24,875 17,779
Inventory change -1,541 -3,829 -525
Total inventory change -2,134 -24,447 24,735
Net operating profit 49,164 -6,846 133,929