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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.; 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.; 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.; 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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| 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.; 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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| Nordquist, Dale W.; Anderson, Robert D.; Christensen, James L.; Kurtz, James N.; Paulson, Garen J.; Olson, Kent D.. |
| Average net farm income was $96,404 in 2003 for the 175 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 38% increase over the average income of $70,007 in 2002. In constant dollars, 2003 was the most profitable year for association members in the past 16 years. 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 175 farms in the report are ranked from lowest to highest, the resulting graph shows how much the incomes do vary. Seven percent of the farms experienced negative net farm income in 2003; 39% had incomes over $100,000. The median or middle income was $77,187. The high... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2004 |
URL: http://purl.umn.edu/13363 |
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