TABLE 2
INVENTORY CHANGES,
2002
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 431 86
87
Net cash farm income 48,637 15,819
96,182
CROPS AND FEED
Ending inventory 104,896 44,144
258,555
Beginning inventory 88,989 48,879
189,545
Inventory change 15,907 -4,735
69,010
MARKET LIVESTOCK
Ending inventory 42,341 47,327
42,199
Beginning inventory 43,816 58,310
35,210
Inventory change -1,474 -10,983
6,988
ACCTS RECEIVABLE & OTHER CURRENT ASSETS
Ending inventory 16,298 11,573
35,132
Beginning inventory 16,491 11,160
37,179
Inventory change -193 412
-2,047
PREPAID EXPENSES AND SUPPLIES
Ending inventory 8,618 3,061
22,108
Beginning inventory 11,351 4,496
29,834
Inventory change -2,733 -1,435
-7,726
ACCOUNTS PAYABLE & ACCRUED EXPENSES
Beginning inventory 18,322 19,352
19,678
Ending inventory 17,399 19,735
17,598
Inventory change 923 -383
2,080
Total inventory change 12,429 -17,124
68,305
Net operating profit 61,066 -1,304
164,487