Financial Standards Measures
(Farms Sorted By Farm Type)
| Avg. Of | Crop and | Crop and | Crop and | ||||||
| All Farms | Crop | Dairy | Hog | Beef | Dairy | Hog | Beef | Other | |
| Number of farms | 2417 | 1244 | 449 | 61 | 38 | 111 | 93 | 102 | 316 |
| Liquidity | |||||||||
| Current ratio | 1.94 | 2.06 | 1.72 | 1.35 | 1.16 | 2.43 | 2.12 | 1.69 | 1.86 |
| Working capital | 220,642 | 289,369 | 94,677 | 240,012 | 31,096 | 193,665 | 373,244 | 168,300 | 131,384 |
| Working capital to gross inc | 31.4 % | 41.6 % | 12.5 % | 10.8 % | 10.8 % | 34.8 % | 37.2 % | 34.4 % | 29.1 % |
| Solvency (market) | |||||||||
| Farm debt to asset ratio | 47 % | 46 % | 48 % | 58 % | 58 % | 39 % | 44 % | 46 % | 49 % |
| Farm equity to asset ratio | 53 % | 54 % | 52 % | 42 % | 42 % | 61 % | 56 % | 54 % | 51 % |
| Farm debt to equity ratio | 0.87 | 0.84 | 0.93 | 1.37 | 1.40 | 0.63 | 0.78 | 0.85 | 0.96 |
| Profitability (cost) | |||||||||
| Rate of return on farm assets | 10.5 % | 13.4 % | 8.2 % | -2.9 % | -0.2 % | 7.5 % | 5.6 % | 7.5 % | 9.9 % |
| Rate of return on farm equity | 14.5 % | 19.6 % | 10.5 % | -14.8 % | -8.8 % | 8.5 % | 5.4 % | 8.7 % | 14.5 % |
| Operating profit margin | 21.8 % | 25.4 % | 17.4 % | -8.2 % | -0.8 % | 16.7 % | 14.2 % | 20.3 % | 24.6 % |
| Net farm income | 140,566 | 188,282 | 110,039 | -75,653 | 1,558 | 102,776 | 115,792 | 78,430 | 95,936 |
| EBIDTA | 207,359 | 254,777 | 178,391 | 51,065 | 36,601 | 155,862 | 207,987 | 131,501 | 156,086 |
| Repayment Capacity | |||||||||
| Capital debt repayment capacity | 155,831 | 200,159 | 127,575 | -28,897 | 19,017 | 103,353 | 138,944 | 94,196 | 117,623 |
| Capital debt repayment margin | 90,674 | 138,935 | 47,554 | -138,389 | -11,566 | 51,081 | 46,365 | 48,786 | 59,347 |
| Replacement margin | 79,613 | 126,696 | 39,969 | -151,069 | -16,244 | 36,688 | 29,213 | 39,704 | 49,755 |
| Term debt coverage ratio | 2.39 | 3.27 | 1.59 | -0.26 | 0.62 | 1.98 | 1.50 | 2.07 | 2.02 |
| Replacement coverage ratio | 2.04 | 2.72 | 1.46 | -0.24 | 0.54 | 1.55 | 1.27 | 1.73 | 1.73 |
| Efficiency | |||||||||
| Asset turnover rate (cost) | 48.0 % | 53.0 % | 47.1 % | 35.4 % | 23.2 % | 44.6 % | 39.5 % | 37.3 % | 40.1 % |
| Operating expense ratio | 70.5 % | 63.4 % | 76.5 % | 97.7 % | 87.3 % | 72.0 % | 79.3 % | 73.2 % | 65.4 % |
| Depreciation expense ratio | 4.9 % | 5.1 % | 4.5 % | 2.5 % | 4.5 % | 5.3 % | 4.9 % | 4.6 % | 6.8 % |
| Interest expense ratio | 4.8 % | 4.8 % | 4.5 % | 3.1 % | 6.9 % | 4.4 % | 4.5 % | 6.2 % | 6.6 % |
| Net farm income ratio | 20.0 % | 27.1 % | 14.5 % | -3.4 % | 0.5 % | 18.5 % | 11.5 % | 16.0 % | 21.3 % |
A minimum of 10 farms required per column. Some columns were omitted.
| Copyright (c) 2005-2009, University of Minnesota | Data Source(s): | All Minnesota Groups, 2319 farms | Southwest Minnesota Farm Business Management Association, 98 farms |
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Report Summary
| 1. Report number | 142382 |
| 2. Location | |
| State: | Minnesota |
| 3. Farm Characteristics | |
| Year(s): | 2008 |