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2009 Annual Report of the Southwestern Minnesota Farm Business Management Association AgEcon
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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2010 Annual Report of the Southwestern Minnesota Farm Business Management Association AgEcon
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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2011 Annual Report of the Southwestern Minnesota Farm Business Management Association AgEcon
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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Southwestern Minnesota Farm Business Management Association 2008 Annual Report AgEcon
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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