Size Of Farm Report, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Gross Cash Farm Income)
Average For 0 - 40,001 - 100,001 - 200,001 -
All Farms 40,000 100,000 200,000 500,000 500,001 +
Number of farms 467 15 91 171 161 29
Income Statement
Gross cash farm income 218456 28768 74980 147563 309669 678417
Total cash farm expense 168244 31912 64210 114725 229080 543042
Net cash farm income 50212 -3144 10770 32838 80588 135375
Inventory change 15667 6062 8947 14142 19355 30251
Depreciation and capital adjustment -14697 -572 -5388 -10500 -20989 -41034
Net farm income 51181 2346 14329 36479 78954 124591
Profitability (cost)
Labor and management earnings 34726 -3056 7935 24020 56899 78372
Rate of return on assets 9 % -2 % 3 % 7 % 11 % 9 %
Rate of return on equity 11 % -11 % -4 % 8 % 15 % 11 %
Operating profit margin 23 % -15 % 11 % 23 % 25 % 21 %
Asset turnover rate 39 % 14 % 28 % 33 % 45 % 44 %
Liquidity
Term debt coverage ratio 177 % 80 % 113 % 146 % 215 % 195 %
Expense as a percent of income 72 % 92 % 77 % 71 % 69 % 76 %
Interest as a percent of income 9 % 18 % 14 % 11 % 8 % 7 %
Solvency (cost)
Number of sole proprietors 450 15 91 167 154 23
Ending farm assets 562612 197190 288531 469581 726645 1462514
Ending farm liabilities 283713 106528 183174 254930 335033 662409
Ending total assets 646236 247973 341168 540696 831691 1637552
Ending total liabilities 297207 113789 193015 265554 353693 680685
Ending net worth 349029 134185 148153 275142 477998 956867
Net worth change 38216 6675 15152 25618 60865 89861
Ending farm debt to asset ratio 50 % 54 % 63 % 54 % 46 % 45 %
Beg total debt to asset ratio 48 % 44 % 58 % 51 % 46 % 42 %
End total debt to asset ratio 46 % 46 % 57 % 49 % 43 % 42 %
Nonfarm Information
Farms reporting living expenses 342 13 65 132 117 15
Total family living expense 31851 20203 25013 29663 38165 41580
Total living, invest, & capital purch 42429 26217 28388 37763 53285 73705
Net nonfarm income 17665 23024 17567 18049 17011 16561
Crop Acres
Total acres owned 838 454 676 841 854 1436
Total crop acres 1622 431 730 1282 2209 3776
Total crop acres owned 505 256 299 436 596 1182
Total crop acres cash rented 824 125 290 567 1212 2226
Total crop acres share rented 293 49 141 280 402 368