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Farm/Ranch Business Management Education Year 2009 Jerry Tuhy, Instructor

Region 4 West ND. Farm/Ranch Business Management Education Year 2009 Jerry Tuhy, Instructor Bismarck State College at DREC. Gross Income (Accrual) Per farm for year. Net Income Ratio (%) percentage of gross $ that is net $. $ Net Farm Income “Profit”. $ Net “Non-Farm” Income.

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Farm/Ranch Business Management Education Year 2009 Jerry Tuhy, Instructor

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  1. Region 4 West ND Farm/Ranch Business Management Education Year 2009 Jerry Tuhy, Instructor Bismarck State College at DREC

  2. Gross Income (Accrual)Per farm for year

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

  4. $ Net Farm Income “Profit”

  5. $ Net “Non-Farm” Income

  6. Family Living & Income Taxes$ spent/year

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

  8. Farm Debt/Asset Ratio (%) end yearcost basis

  9. Expense (oper+ Int) as % of Accrual Income

  10. Term Debt Coverage Ratioa 100% ratio means “we can make all debt payments”

  11. Cash Flow 2009

  12. Crop and Pasture Acres

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

  14. Spring Wheat Ave Yields and Net $ per Acre

  15. Costs /acre for Spring Wheat comparing 06,07,08.09

  16. Crop Contributions to Overheads Year 2009

  17. $ Net income /Beef Cow

  18. Beef cow costs, returns 2009per cow (fuel&repairs in OVHD) average high profit $.05 $72 $101 $349 $308 $100

  19. How are low profit and high profitBeef herds different ? For 2009 year.

  20. Observations from Dickinson/Glen Ullin combined Rankem- 50 Farms/Ranches • NFI median was $ 25,039, 19 farms were negative, 26 were less than $30K. Median FL exp reported was $43K • Current Ratio median 1.29, 11 farms had less than 1.00 • WC/GR median was 17.1, 28 farms had less than 20% • Term Debt Coverage Ratio median was .69. 30 farms less than 1.00 • Operating expense Ratio median was 85% .29 farms over 80%. Interest exp ratio median 6.5% • Net Farm Income Ratio median was 5.2%, 35 farms under 20%

  21. … Be a student so long as you still have something to learn, and this will mean all your life.  ~Henry L. Doherty

  22. Thank You!

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