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Farm/Ranch Business Management Education Year 2008 Jerry Tuhy, Instructor Dickinson ND at DREC

Region 4 West ND. Farm/Ranch Business Management Education Year 2008 Jerry Tuhy, Instructor Dickinson ND 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 2008 Jerry Tuhy, Instructor Dickinson ND at DREC

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  1. Region 4 West ND Farm/Ranch Business Management Education Year 2008 Jerry Tuhy, Instructor Dickinson ND 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 year

  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 2008

  12. Crop and Pasture Acres

  13. Spring Wheat Ave Yields and Net $ per Acre

  14. Costs /acre for Spring Wheat comparing 06,07,08

  15. Crop Contributions to Overheads Year 2008

  16. All Crops combined in 2008 Ave Gross=$196Cash rented crops, not hay, cost=$182/A

  17. $ Net income /Beef Cow

  18. Beef cow costs, returns 2008per cow (fuel,repairs in OVHD) average high profit $24 $135 $106 $351 $312 $84

  19. How are low profit and high profitBeef herds different ? For 2008 yr

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