Farm/Ranch Business Management Education Region 4 West ND

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Presentation transcript:

Farm/Ranch Business Management Education Region 4 West ND Year 2013 Mark Holkup, Instructor Bismarck State College

Gross Farm Income (Accrual) Per farm for year

Net Farm Income Ratio (%) percentage of gross $ that is net $

$ Net Farm Income = “Profit”

$ Net “Non-Farm” Income

Family Living & Income Taxes $ spent/year

Change in Retained Earnings $ of equity gain per yr (cost basis)

Farm Debt/Asset Ratio (%) end year cost basis

Term Debt Coverage Ratio a 100% ratio means “we can make all debt payments”

Spring Wheat on Cash Rented (Bu.Yield/Acre)

Crop Contributions to Overheads 2013

$ Net income /Beef Cow

How are low profit and high profit Beef herds different ? For 2013 year. Value of calf/cow $854 $913 Depreciation per cow $140 -50 Direct cost/cow $562 $444 Overhead expense/cow $91 $86

More info on these websites www.finbin.umn.edu- sort data by State, region, year. Whole farm, crop or livestock enterprise data available Ifsam.cffm.umn.edu- learn to use financial statements in day-to-day management. understand how to interpret financial statements. www.ndfarmmanagement.com- instructor contacts, regional data, news, resources for farm/ranch managers.

Thank You!