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| Registros recuperados: 37 | |
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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| In the Southeastern Association the average accrual net farm income in 1996 was $67,579 for the 61 farms included in this report. The decrease is due to lower inventory levels since the increase in gross cash income was higher than the increase in total cash farm expenses. Even though this is a decrease of 8% from the 1995 average, the 1996 net farm income is still one of the highest on record. Only in 1978, 1990, 1991, 1994 and 1995 was average nominal profit also greater than $50,000. When adjusted by the Consumer Price Index (to provide a constant dollar or buying power comparison), the average 1996 profit is exceeded only in 1990 and 1995. The 20% of these 61 farms with the highest net farm income had an average net farm income of $196,161 in 1996;... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1997 |
URL: http://purl.umn.edu/13660 |
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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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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| In the Southeastern Association the average net farm income in 1997 was $73,311 for the 64 farms included in this report. This was an increase of 8.5% from 1996. The increase is due to replenishment of inventories which had been depleted in 1996. Total cash farm expenses increased 7%. The 1997 net farm income is the highest on record. When adjusted by the Consumer Price Index (to provide a constant dollar or buying power comparison), the average 1997 profit is exceeded only in 1990 and 1995. (This accrual net farm income measure is 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.) After subtracting an opportunity cost for equity... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/13310 |
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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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| 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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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| The average net farm income is $66,412 for the 62 farms included in the 1999 annual report of the Southeastern Minnesota Farm Business Management Association. This is an increase of 1% from 1998. Even though gross cash farm income increased, cash expenses and depreciation also increased and inventory values changed little. 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.) After subtracting an opportunity cost for equity capital, unpaid labor and management earnings follow a similar but lower pattern. As in previous... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2000 |
URL: http://purl.umn.edu/14193 |
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| Olson, Kent D.; Anderson, Robert D.; Christensen, James L.; Weness, Erlin J.; Fales, Perry A.; Nordquist, Dale W.. |
| Average net farm income was $43,762 in 1999 for the 216 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a large increase from the extremely low levels of 1998 and continues the historical pattern of large swings in farm income . Almost all of the increase can be attributed to the increases in the value of inventories and an average government payment of $44,674 in 1999. (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.) After subtracting an opportunity cost for equity capital, labor and management, earnings follow a similar but lower pattern. As in previous... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2000 |
URL: http://purl.umn.edu/13373 |
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| Olson, Kent D.; Westman, Lorin L.; Nordquist, Dale W.. |
| The average net farm income is $77,672 for the 58 farms included in the 2000 annual report of the Southeastern Minnesota Farm Business Management Association. This is an increase of 17% from 1999. The median or middle income was $39,675, considerably lower than the average. Even though gross cash farm income decreased more than the decrease in cash expenses, net farm income increased because depreciation decreased and inventory values increased. Income is still at a high level compared to the early 1990s and the 1980s. As in previous years, the income levels experienced by individual farms vary greatly from the overall average. When the net farm incomes for the 58 farms in the report were ranked from lowest to highest, the resulting graph shows... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2001 |
URL: http://purl.umn.edu/14250 |
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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 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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| Anderson, Robert D.; Weness, Erlin J.; Olson, Kent D.; Christensen, James L.; Fales, Perry A.; Nordquist, Dale W.. |
| Average net farm income was $36,614 in 2001 for the 207 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a sharp drop (55%) from the average net farm income of $81,750 in 2000 (Figure 1). 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 207 farms in the report are ranked from lowest to highest, the resulting graph shows how much the incomes do vary (Figure 2). Twenty-four percent of the farms experienced negative net farm income in 2001; 8% had incomes over $100,000. Most of the net farm incomes ranged from below 0 to about $150,000. The median or middle income was $29,040.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2002 |
URL: http://purl.umn.edu/13588 |
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| Nordquist, Dale W.; Kurtz, James N.; Nitchie, Donald L.; Paulson, Garen J.; Froslan, Janet M.; Christensen, James L.. |
| Average net farm income was $69,787 in 2009 for the 95 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings decreased by 63% from $190,901 in 2008. This continues the downward trend that began in 2008 after six years of steady increases. As expected, low incomes for virtually all types of livestock operations pulled the average down, and some livestock farms sustained large losses. Crop farms, on average, were profitable but also earned much lower incomes compared to recent years. Median net farm income, or the income earned by the middle farm, was $96,130, substantially higher than the average. This indicates that the average was pulled down or skewed by large losses sustained by... |
| Tipo: Report |
Palavras-chave: Agribusiness; Agricultural Finance; Crop Production/Industries; Livestock Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/60300 |
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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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| 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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| Ferrara, Alessandro; Nordquist, Dale W.; Ciani, Adriano. |
| This work is structured in two parts. The first shows, briefly, the role of the Cooperative Extension Service in US agriculture. The second explains the main characteristics of the FINPACK software package and the potential to adapt it to European agriculture. Between these two parts is a short summary of the role of FINPACK, and, more generally, of financial management in Extension Service activities. Note: Appendix tables are not included in the machine readable file--contact the authors for copies. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance. |
| Ano: 1996 |
URL: http://purl.umn.edu/13469 |
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| Registros recuperados: 37 | |
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