SUMMARY YEAR: 2001 Average Farm Top 1/2 Bottom 1/2
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Number of Farms 131 66 65
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8. Total Current Assets $140,182 $171,095 $108,792
15. Total Assets Used In The Farm
Business $598,525 $382,653 $513,103
18. Current Liabilities $42,661 $61,776 $23,253
23. Total Farm Liabilities $214,981 $266,748 $162,419
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24. Owner Capital in Farm Business
(Net Worth) $383,544 $415,905 $350,684
25. Total Liabilities & Equity
in Farm $598,525 $682,653 $513,103
26. Change in Farm Net Worth $7,947 $17,102 ($1,347)
Working Capital
(Current Assets - Current Liabilities) $97,521 $109,319 $85,539
Liquidity
(Current Assets / Current Liabilities) 3.29 2.77 4.68
Solvency
(Total Assets / Total Liabilities) 2.79 1.43 3.16
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Debt:Worth Ratio
(Total Farm Liabilities / Net Worth) .57 .64 .47
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Net Farm Operating Profit
(P&L Line 41) $21,908 $48,981 ($5,581)
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Cash Interest Paid $15,418 $19,552 $11,221
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Total Operating Costs (P&L Line 40) $165,107 $205,531 $124,061
Cash Interest Pd / $ Total Operating Costs 9.34% 9.52% 9.05%
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Labor / $ Total Operating Costs 5.43% 5.22% 5.8%
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Machinery & Equipment Operation /
$ Total Operating Costs 11.08% 11.02% 11.18%
Acres 801.4 990.1 609.7
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Livestock & Livestock Products $73,524 $78,881 $68,084
Livestock & Livestock Products / Per Acre $91.74 $79.67 $111.67
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Crop-Sales, CCC Loans,
Price Support, Insurance $110,381 $160,024 $59,975
Crop-Sales, CCC Loans,
Price Support, Insurance / Per Acre $137.74 $161.62 $98.37
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Total Direct Production Expenses
(P&L Line 33) $96,638 $126,318 $66,502
Total Direct Production Expenses
Per Acre $120.59 $127.58 $109.07
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Net Farm Profit (P&L Line 45) $23,467 $50,841 ($4,327)
Net Farm Profit / Per Acre $29.28 $51.35 ($7.10)
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Farms sorted into top half and bottom half by net farm operating profit.
Due to rounding of figures some variance may occur in totals.