FARM INCOME STATEMENT, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Net Farm Income)
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of Farms 467 93 93
CASH FARM INCOME
Barley 10010 7361 20276
Navy Beans 477 315 960
Pinto Beans 2054 715 4898
Buckwheat 163 202 86
Canola 7753 6506 16327
Corn 2806 808 3501
Flax 1951 689 4757
Mixed Hay 197 117 161
Oats 355 82 844
Onions 237 1190 -
Field Peas 750 134 1165
Potatoes 1190 5975 -
Safflower 280 - 370
Soybeans 2585 1427 3368
Sunflowers 8805 5096 14499
Confectionary Sunflowers 7362 1928 21101
Durum Wheat 9222 6143 17280
Spring Wheat 24365 15589 51502
Winter Wheat 307 308 628
Miscellaneous crop income 1844 795 2574
Beef Bulls 661 211 1263
Beef Calves 10776 8446 6789
Beef Replacement Heifers 1182 491 3655
Custom Fed Beef 151 - -
Background Beef 20185 11401 29387
Finish Beef Calves 783 4 3634
Finish Yrlg Steers 233 - -
Grazing Beef 1427 - 2117
Milk 9920 8758 10537
Dairy Calves 239 361 122
Dairy Steers 599 671 271
Raised Hogs 597 69 84
Finish Feeder Pigs 356 613 602
Mkt Lambs 159 14 -
Finish Cull Cows 458 132 1806
Bison Calves 254 985 293
Cull breeding livestock 3380 1620 5662
Misc. livestock income 1280 742 1085
CRP payments 1928 636 2878
Government payments 46546 29246 90706
Custom work income 1759 952 3126
Patronage dividends, cash 1276 532 2634
Insurance income 27215 8623 64617
Other farm income 4378 2720 6258
Gross Cash Farm Income 218456 132608 401825
FARM INCOME STATEMENT, 1999 (Continued)
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Net Farm Income)
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of Farms 467 93 93
CASH FARM EXPENSE
Seed 9716 7620 19334
Fertilizer 15161 9819 29457
Crop chemicals 14049 10317 26455
Crop insurance 7460 3346 16985
Drying fuel 110 23 182
Irrigation energy 105 382 44
Crop marketing 1400 1575 3141
Crop miscellaneous 2153 1163 3637
Feeder livestock purchase 6414 3803 10088
Purchased feed 7261 6343 9547
Breeding fees 126 144 143
Veterinary 1834 1425 2227
Livestock supplies 1442 1339 2017
Livestock leases 243 107 351
Grazing fees 209 129 111
Livestock marketing 1088 563 2002
Interest 19658 14988 28505
Fuel & oil 9214 7268 14047
Repairs 16924 13982 26036
Custom hire 6009 6073 9785
Hired labor 5912 3626 12110
Land rent 25289 16367 49421
Machinery & bldg leases 2377 2549 4480
Real estate taxes 2583 1584 3782
Farm insurance 2877 2266 4563
Utilities 2941 2633 3862
Dues & professional fees 671 559 853
Hedging account deposits 557 427 1374
Miscellaneous 4463 4316 5880
Total cash expense 168244 124736 290420
Net cash farm income 50212 7872 111405
INVENTORY CHANGES
Crops and feed -5666 -4229 -9727
Market livestock 5816 3069 9536
Accounts receivable 13492 2280 44317
Prepaid expenses and supplies 1921 444 3311
Accounts payable 104 -2792 2320
Total inventory change 15667 -1227 49758
Net operating profit 65879 6645 161162
DEPRECIATION AND OTHER CAPITAL ADJUSTMENTS
Breeding livestock -1600 -4956 -800
Machinery and equipment -12571 -9526 -22370
Buildings and improvements -842 -698 -1201
Other farm capital 316 566 316
Total depr. and other capital adj -14697 -14615 -24055
Net farm income 51181 -7970 137107