TABLE 6
STATEMENT OF CASH FLOWS, 2004
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 434 86 87
Beginning cash (farm & nonfarm) 14,764 9,441 30,185
CASH FROM OPERATING ACTIVITIES
Gross cash farm income 312,901 209,299 574,780
Net nonfarm income 20,419 29,359 15,070
Total cash farm expense -239,612 -186,403 -408,745
Apparent family living expense -39,886 -34,390 -53,674
Income and social security tax -5,133 -4,012 -9,191
Cash from operations 48,689 13,854 118,240
CASH FROM INVESTING ACTIVITIES
Sale of breeding livestock 2,976 1,513 4,735
Sale of machinery & equipment 3,351 4,742 5,728
Sale of titled vehicles 293 581 359
Sale of farm land 1,802 3,792 292
Sale of farm buildings 161 - 414
Sale of other farm assets 569 1,019 508
Sale of nonfarm assets 1,559 1,234 2,026
Purchase of breeding livestock -7,443 -5,817 -6,531
Purchase of machinery & equip. -36,142 -27,230 -73,199
Purchase of titled vehicles -3,848 -2,080 -6,650
Purchase of farm land -15,472 -10,347 -24,992
Purchase of farm buildings -5,342 -3,804 -11,896
Purchase of other farm assets -2,539 -1,410 -6,500
Purchase of nonfarm assets -10,690 -6,586 -19,692
Cash from investing activities -70,764 -44,394 -135,400
CASH FROM FINANCING ACTIVITIES
Money borrowed 231,409 211,081 384,749
Cash gifts and inheritances 4,576 3,644 10,324
Principal payments -210,190 -178,673 -374,770
Dividends paid - - -
Gifts given -281 -82 -54
Cash from financing activities 25,513 35,971 20,249
Net change in cash balance 3,438 5,430 3,089
Ending cash (farm & nonfarm) 18,202 14,871 33,274
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