INVENTORY CHANGES, 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
Net cash farm income 50212 7872 111405
CROPS AND FEED
Ending inventory 73284 38723 150535
Beginning inventory 78950 42952 160262
Inventory change -5666 -4229 -9727
MARKET LIVESTOCK
Ending inventory 35323 22576 52413
Beginning inventory 29507 19507 42877
Inventory change 5816 3069 9536
ACCTS RECEIVABLE & OTHER CURRENT ASSETS
Ending inventory 21470 12609 57582
Beginning inventory 7978 10329 13265
Inventory change 13492 2280 44317
PREPAID EXPENSES AND SUPPLIES
Ending inventory 8690 3076 23106
Beginning inventory 6769 2632 19794
Inventory change 1921 444 3311
ACCOUNTS PAYABLE
Beginning inventory 17556 18255 24041
Ending inventory 17432 21047 21721
Inventory change 104 -2792 2320
Total inventory change 15667 -1227 49758
Net operating profit 65879 6645 161162