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| Registros recuperados: 37 | |
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| Nordquist, Dale W.; Nitchie, Donald L.; Kurtz, James N.; Paulson, Garen J.; Froslan, Janet M.; Woodford, John L.. |
| This report summarizes the individual farm records of the members of the Southwestern Minnesota Farm Business Management Association for 2011. Whole-farm information and enterprise costs and returns are reported. The year-end analysis of the individual farms was performed by the Association fieldmen using the FINPACK software from the Center for Farm Financial Management. The individual analyses were summarized at the Department of Applied Economics using RankEm Central. In addition to the average of all farms, the averages for the high and low income groups are also presented. The tables are divided into four major groups: whole-farm information, crop enterprises, livestock enterprises, and summary information. The summary information includes whole farm... |
| Tipo: Working Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2012 |
URL: http://purl.umn.edu/122205 |
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| Olson, Kent D.; Weness, Erlin J.; Christensen, James L.; Anderson, Robert D.; Fales, Perry A.; Nordquist, Dale W.. |
| For the Southwestern Association, average net farm income was $40,598 in 1997 for the 208 farms included in this report. This is a decrease of 35% from 1996 continuing the pattern of large swings in income. Since costs changed very little, almost all of the decrease can be attributed to a decrease in gross income, specifically to decreases in the sales of corn and finished beef. (Net farm income is calculated by subtracting total cash farm expense and depreciation from gross cash farm income and adjusting for changes in inventory items.) After subtracting an opportunity cost for equity capital, labor and management earnings follow a similar but lower pattern. As in previous years, the actual profit levels experienced by individual farms vary greatly... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/13476 |
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| Buhr, Brian L.; Lazarus, William F.; Nefstead, Ward E.; Nordquist, Dale W.; Olson, Kent D.; Stevens, Stanley C.; Weness, Erlin J.. |
| These papers describe the current economic conditions and outline some of the opportunities facing Minnesota farmers as they complete 1998 and develop plans for 1999. The first paper, Prospects For Farm Income in 1998, describes the variation in net farm income farmers in the Southeastern and Southwestern Farm Management Associations have experienced over the past twenty years. The possible effects of 1998's low commodity prices and government program payments on net farm income are discussed in the context of this historical variation. This paper points out that some farmers are experiencing a very good year in 1998, while others may have very low net farm income this year. Those with high incomes in 1998 may be primarily interested in opportunities to... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/14033 |
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| Nordquist, Dale W.; Westman, Lorin L.. |
| The average net farm income was $116,688 for the 45 farms included in the 2005 annual report of the Southeastern Minnesota Farm Business Management Association. This was an increase of 3% from 2004. In constant dollars, 2005 was slightly less profitable than 2004, but was still the second most profitable year for association members in the past twenty years. Higher crop yields, strong profits for dairy operations, and increased government payments were among factors that combined to make 2005 a very profitable year for the average association farm. As in previous years, the income levels experienced by individual farms vary greatly from the overall average. When the net farm incomes for the 45 farms in the report are ranked from lowest to highest,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/13462 |
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| Nordquist, Dale W.; Kurtz, James N.; Paulson, Garen J.; Christensen, James L.; Froslan, Janet M.. |
| Average net farm income was $190,901 in 2008 for the 99 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings decreased by 21% from the average of $242,267 in 2007 (Figure 1). 2008 ended a steady trend of increasing year-to-year incomes for these farms from 2001 to 2007. Crop farms, with historically high corn and soybean prices, remained very profitable. However, specialized hog farms, which had been very profitable for the past four years, experienced substantial losses. Highlights of association financial results for 2008: Median net farm income was $178,874, slightly lower than the average, indicating that the average was increased by high profits of the most profitable farms.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2009 |
URL: http://purl.umn.edu/49107 |
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| Nordquist, Dale W.; Anderson, Robert D.; Cristensen, James L.; Kurtz, James N.; Paulson, Garen J.; Olson, Kent D.. |
| Average net farm income rebounded to $70,007 in 2002 for the 188 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a sharp increase (91%) from the average net farm income of $36,614 in 2001. As in previous years, the actual profit levels experienced by individual farms vary greatly from the overall average profit. When the net farm incomes for the 188 farms in the report are ranked from lowest to highest, the resulting graph shows how much the incomes do vary. Nine percent of the farms experienced negative net farm income in 2002; 26% had incomes over $100,000. The median or middle income was $61,465. The high 20% of the farms had an average net farm income of $181,981 which is a 40%... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2003 |
URL: http://purl.umn.edu/13883 |
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| Olson, Kent D.; Christensen, James L.; Weness, Erlin J.; Anderson, Robert D.; Fales, Perry A.; Nordquist, Dale W.. |
| Average net farm income was $81,750 in 2000 for the 212 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. The median or middle income was $69,414. This is the second annual increase from the extremely low levels of 1998. Almost all of the increase can be attributed to the increase in the value of inventories, government payment, and the decrease in depreciation charge. However, the change in depreciation was almost entirely due to a change in the accounting procedures, not a change in purchasing behavior by farmers. Using the "new" depreciation rules, net farm income (NFI) in the previous 5 years was estimated to be higher than when the "old" rules were used. For example, the "new" NFI was... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2001 |
URL: http://purl.umn.edu/13612 |
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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| The average net farm income is $65,739 for the 60 farms included in the 1998 annual report of the Southeastern Minnesota Farm Business Management Association. This is a decrease of 12% from 1997. Even though gross cash farm income increased, cash expenses also increased and inventory values changed little (instead of increasing as in 1997). Thus, 1998 net farm income is lower. However, income is still at a high level compared to the early 1990s and the 1980s. (Net farm income is an accrual measure calculated by subtracting cash farm expenses and depreciation from total cash farm income and adjusting the difference for changes in other capital and inventory items.) Income levels experienced by individual farms vary greatly from the overall average.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1999 |
URL: http://purl.umn.edu/14241 |
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| Olson, Kent D.; Christensen, James L.; Weness, Erlin J.; Anderson, Robert D.; Fales, Perry A.; Nordquist, Dale W.. |
| Average net farm income was $8,616 in 1998 for the 210 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a decrease of 79% from 1997. During the last 20 years, net farm income has been lower than the 1998 level only in 1981 and 1985. Since costs changed very little, almost all of the decrease can be attributed to decreases in hog sales, especially, to decreases in corn and soybean sales and substantial decreases in the value of inventories. (Net farm income is an accrual measure calculated by subtracting total cash farm expense and depreciation from gross cash farm income and adjusting for changes in inventory items.) Actual profit levels experienced by individual farms vary greatly from... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1999 |
URL: http://purl.umn.edu/13568 |
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| Nordquist, Dale W.; Kurtz, James N.; Nitchie, Donald L.; Paulson, Garen J.; Froslan, Janet M.; Woodford, John L.. |
| Average net farm income was $322,165 in 2010 for the 97 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings increased by 362% from $69,787 in 2009 (Figure 1). Inflations adjusted profits rebounded after a downturn in 2009 that was caused primarily by low profits in the livestock sectors. Strong yields, substantially higher crop inventory values, and rebounding profitability of the livestock sectors led the way to much higher profits in 2010. Highlights of association financial results for 2010: Entire report is available at: http://www.cffm.umn.edu/Publications/Pubs/FBMA/SW_MN_FBMA_2010.pdf• Median net farm income, or the income earned by the middle farm, was $234,879,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/102567 |
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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| The average net farm income was $60,978 for the 59 farms included in the 2001 annual report of the Southeastern Minnesota Farm Business Management Association. This was a decrease of 21% from 2000 (Figure 1). Even though gross cash farm income increased more than cash expenses, the decrease in net farm income is due in large part to a large decrease in the inventory value of crops and feed. As in previous years, the income levels experienced by individual farms vary greatly from the overall average. When the net farm incomes for the 59 farms in the report were ranked from lowest to highest, the resulting graph shows how much the incomes do vary (Figure 2). Several farms experienced negative incomes, and several experienced very high incomes. Most... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2002 |
URL: http://purl.umn.edu/13965 |
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| Nordquist, Dale W.; Westman, Lorin L.. |
| The average net farm income was $171,925 for the 38 farms included in the 2006 annual report of the Southeastern Minnesota Farm Business Management Association, an increase of 43% from 2005. In constant dollars, 2006 was the most profitable year for association members in the last twenty years (Figure 1). Higher crop prices and strong crop yields were among factors that combined to make 2006 a very profitable year for the average association farm. Dairy farms, however, experienced sharply lower profitability. As in previous years, the income levels experienced by individual farms vary greatly from the overall average. When the net farm incomes for the 38 farms in the report are ranked from lowest to highest, the resulting graph (Figure 2) shows how much... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2007 |
URL: http://purl.umn.edu/7311 |
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| Olson, Kent D.; Talley, Dary E.; Christensen, James L.; Weness, Erlin J.; Fales, Perry A.; Nordquist, Dale W.. |
| For the Southwestern Association, average accrual net farm income was $62,699 in 1996 for the 203 farms included in this report. This is an increase of 9% from 1995 making 1996 another high income year in a job with large swings in income. This volatility can be seen whether income is measured in nominal terms or constant dollars. The 20% of these 203 farms with the highest net farm income had an average profit of $157,052--an increase from 1995. The low 20% of the farms had an average loss of -$6,010 in 1996, which was a smaller loss than in 1995. Average gross cash farm income in 1995 was $382,502--a 10% increase from 1995. Four sources of sales made up 83% of total income in 1996: corn, beef finishing, hogs, and soybeans. Corn sales increased 12%... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1997 |
URL: http://purl.umn.edu/13536 |
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| Nordquist, Dale W.; Kurtz, James N.; Holcomb, Rob; Paulson, Garen J.. |
| Average net farm income was $154,698 in 2006 for the 110 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 5% increase over the average income of $147,862 in 2005. In constant dollars, 2006 was slightly more profitable than the previous year and was again one of the most profitable years in the last 20 for association members (Figure 1). Outstanding crop prices coupled with above average crop yields more than compensated for reduced profitability of hog and beef enterprises. As in previous years, the actual profit levels experienced by individual farms vary greatly from the overall average profit. When the net farm incomes for the 110 farms in the report are ranked from lowest to highest,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2007 |
URL: http://purl.umn.edu/7307 |
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| Nordquist, Dale W.; Kurtz, James N.; Holcomb, Rob; Paulson, Garen J.. |
| Average net farm income was $147,862 in 2005 for the 107 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 50% increase over the average income of $98,362 in 2004. In constant dollars, 2005 was the most profitable year for association members in the past 20. Outstanding crop yields, high profits for hog operations and higher government payments were factors that combined to make 2005 a very profitable year for the average association farm. As in previous years, the actual profit levels experienced by individual farms vary greatly from the overall average profit. When the net farm incomes for the 107 farms in the report are ranked from lowest to highest, the resulting graph shows how... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/13316 |
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| Registros recuperados: 37 | |
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