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 | 2446 | 1354 | 420 | 46 | 43 | 137 | 79 | 100 | 264 |
| Liquidity | |||||||||
| Current ratio | 2.12 | 2.22 | 2.00 | 1.59 | 1.45 | 1.96 | 2.47 | 2.00 | 1.83 |
| Working capital | 282,369 | 357,693 | 120,475 | 468,110 | 127,827 | 174,644 | 581,746 | 232,938 | 134,734 |
| Working capital to gross inc | 37.6 % | 47.6 % | 17.5 % | 16.8 % | 23.4 % | 28.4 % | 39.7 % | 41.3 % | 29.2 % |
| Solvency (market) | |||||||||
| Farm debt to asset ratio | 45 % | 43 % | 47 % | 56 % | 54 % | 47 % | 42 % | 48 % | 47 % |
| Farm equity to asset ratio | 55 % | 57 % | 53 % | 44 % | 46 % | 53 % | 58 % | 52 % | 53 % |
| Farm debt to equity ratio | 0.81 | 0.76 | 0.90 | 1.29 | 1.15 | 0.87 | 0.71 | 0.92 | 0.89 |
| Profitability (cost) | |||||||||
| Rate of return on farm assets | 12.5 % | 14.0 % | 7.6 % | 16.6 % | 9.2 % | 7.7 % | 14.9 % | 12.8 % | 10.6 % |
| Rate of return on farm equity | 18.9 % | 20.8 % | 10.0 % | 34.0 % | 13.7 % | 10.6 % | 22.1 % | 20.8 % | 16.4 % |
| Operating profit margin | 27.1 % | 28.9 % | 17.5 % | 31.9 % | 34.8 % | 18.7 % | 32.0 % | 30.7 % | 26.5 % |
| Net farm income | 191,826 | 233,776 | 103,067 | 364,318 | 91,908 | 116,380 | 374,406 | 140,617 | 109,839 |
| EBIDTA | 262,862 | 306,526 | 170,082 | 485,140 | 133,182 | 184,657 | 488,925 | 195,342 | 169,634 |
| Repayment Capacity | |||||||||
| Capital debt repayment capacity | 213,469 | 252,573 | 126,678 | 415,198 | 110,155 | 138,787 | 408,243 | 162,253 | 134,218 |
| Capital debt repayment margin | 142,687 | 182,595 | 55,581 | 301,505 | 72,618 | 67,104 | 295,768 | 112,513 | 66,552 |
| Replacement margin | 127,301 | 164,734 | 44,807 | 288,773 | 66,764 | 51,194 | 269,468 | 101,602 | 56,177 |
| Term debt coverage ratio | 3.02 | 3.61 | 1.78 | 3.65 | 2.93 | 1.94 | 3.63 | 3.26 | 1.98 |
| Replacement coverage ratio | 2.48 | 2.88 | 1.55 | 3.28 | 2.54 | 1.58 | 2.94 | 2.68 | 1.72 |
| Efficiency | |||||||||
| Asset turnover rate (cost) | 46.1 % | 48.3 % | 43.3 % | 51.8 % | 26.4 % | 41.2 % | 46.7 % | 41.6 % | 39.8 % |
| Operating expense ratio | 65.0 % | 59.2 % | 75.4 % | 82.6 % | 75.6 % | 69.9 % | 66.7 % | 65.3 % | 63.3 % |
| Depreciation expense ratio | 5.3 % | 5.7 % | 5.1 % | 1.9 % | 2.8 % | 6.1 % | 4.5 % | 4.9 % | 6.9 % |
| Interest expense ratio | 4.3 % | 4.2 % | 4.7 % | 2.7 % | 4.7 % | 5.1 % | 3.4 % | 4.9 % | 6.0 % |
| Net farm income ratio | 25.5 % | 31.1 % | 14.9 % | 13.1 % | 16.8 % | 18.9 % | 25.5 % | 25.0 % | 23.8 % |
A minimum of 10 farms required per column. Some columns were omitted.
| Copyright (c) 2005-2009, University of Minnesota | Data Source(s): | MnSCU Farm Business Management, 2350 farms | Southwest Minnesota Farm Business Management Association, 96 farms |
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Report Summary
| 1. Report number | 192793 |
| 2. Location | |
| State: | Minnesota |
| 3. Farm Characteristics | |
| Year(s): | 2010 |