TABLE 6
                     STATEMENT OF CASH FLOWS, 2003  
        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

Beginning cash (farm & nonfarm)        10,701       5,043      18,358

CASH FROM OPERATING ACTIVITIES
   Gross cash farm income             287,656     171,796     563,417
   Net nonfarm income                  21,011      27,349      20,673
   Total cash farm expense           -227,310    -156,330    -420,774
   Apparent family living expense     -36,097     -28,003     -52,057
   Income and social security tax      -4,426      -2,332      -8,871
Cash from operations                   40,834      12,481     102,387

CASH FROM INVESTING ACTIVITIES
   Sale of breeding livestock           5,037       8,027       2,702
   Sale of machinery & equipment        3,016       2,855       5,937
   Sale of titled vehicles                310         440         607
   Sale of farm land                    2,255       6,786          92
   Sale of farm buildings                  70          -          345
   Sale of other farm assets              690         138       1,506
   Sale of nonfarm assets               1,871         481       2,309
   Purchase of breeding livestock      -7,501      -9,912      -5,462
   Purchase of machinery & equip.     -34,703     -13,610     -83,567
   Purchase of titled vehicles         -2,737      -2,683      -4,390
   Purchase of farm land              -17,334     -17,611     -27,725
   Purchase of farm buildings          -3,859      -1,588      -9,906
   Purchase of other farm assets       -1,507        -548      -3,703
   Purchase of nonfarm assets         -10,870      -5,191     -22,886
Cash from investing activities        -65,262     -32,417    -144,142

CASH FROM FINANCING ACTIVITIES
   Money borrowed                     249,001     197,084     416,778
   Cash gifts and inheritances          3,123       4,607       3,308
   Principal payments                -223,613    -178,131    -368,587
   Dividends paid                           0          -1          - 
   Gifts given                           -681        -569        -165
Cash from financing activities         27,830      22,990      51,333

Net change in cash balance              3,402       3,055       9,578

Ending cash (farm & nonfarm)           14,103       8,098      27,936