TABLE 2
INVENTORY CHANGES, 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
Net cash farm income 60,346 15,466 142,642
CROPS AND FEED
Ending inventory 126,023 43,710 333,794
Beginning inventory 104,819 45,962 259,169
Inventory change 21,204 -2,252 74,625
MARKET LIVESTOCK
Ending inventory 38,272 39,330 32,955
Beginning inventory 40,966 41,921 39,197
Inventory change -2,694 -2,591 -6,242
ACCTS RECEIVABLE & OTHER CURRENT ASSETS
Ending inventory 16,355 6,907 34,150
Beginning inventory 14,630 9,087 30,809
Inventory change 1,725 -2,179 3,341
PREPAID EXPENSES AND SUPPLIES
Ending inventory 13,261 3,215 38,292
Beginning inventory 8,528 2,691 25,027
Inventory change 4,733 524 13,265
ACCOUNTS PAYABLE & ACCRUED EXPENSES
Beginning inventory 17,113 18,343 20,640
Ending inventory 16,676 19,835 17,318
Inventory change 437 -1,492 3,321
Total inventory change 25,405 -7,990 88,311
Net operating profit 85,752 7,476 230,953
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