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Southwest Minnesota Farm Business Management Association. Farm Financial & Profitability Trends August 12, 2014 Don Nitchie, UMN Extension Educator Agricultural Business Management Graphs, charts and information prepared by Garen J. Paulson for the SWMFBMA. Farm Income & Profitability.

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Presentation Transcript

Southwest Minnesota

Farm Business

Management Association

Farm Financial & Profitability Trends

August 12, 2014

Don Nitchie, UMN Extension Educator

Agricultural Business Management

Graphs, charts and information prepared by

Garen J. Paulson for the SWMFBMA

Source: SWMFBMA 2013 Member Farm Analysis


Farm income profitability
Farm Income & Profitability

Source: SWMFBMA 2013 Member Farm Analysis



High average low net farm income
High, Average, Low Net Farm Income

Source: SWMFBMA 2013 Member Farm Analysis



Financial position
Financial Position

Source: SWMFBMA 2013 Member Farm Analysis





Financial efficiency
FinancialEfficiency

Source: SWMFBMA 2013 Member Farm Analysis






Profitability of crop production
Profitability of Crop Production

Source: SWMFBMA 2013 Member Farm Analysis







Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis





Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis



Profitability of livestock production
Profitability of Livestock Production

Source: SWMFBMA 2013 Member Farm Analysis


Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis


Per cwt.

Farrow to Finish 2008-2013: not enough data to publish

Source: SWMFBMA 2013 Member Farm Analysis



Per cow

Source: SWMFBMA 2013 Member Farm Analysis


Per cwt.

Source: SWMFBMA 2013 Member Farm Analysis


Per cow

2012-2013: not enough dairy data to report

Source: SWMFBMA 2013 Member Farm Analysis


Living expenses
Living Expenses

Source: SWMFBMA 2013 Member Farm Analysis


GFI = Gross Farm Income NFI = Net Farm Income

Source: SWMFBMA 2013 Member Farm Analysis



Includes: income tax, non-farm investment as well as living expenses

Source: SWMFBMA 2013 Member Farm Analysis



Projected profitability and financial shocks
Projected Profitability and Financial Shocks expenses

Source: SWMFBMA 2013 Member Farm Analysis



Projected Profitability and Financial Shocks expenses

1 Assets at estimated market value excluding deferred liabilities

2 Assets at estimated market value, returns excluding change in market valuation

3 Differs from previous tables because Owner Wages and Benefits are treated as expenses. In previous tables, owner wages

and benefits are moved to Value of Operator Labor and Management to improve comparative analysis

Source: SWMFBMA 2013 Member Farm Analysis


The Impact of Projected expensesProfitability and Financial Shocks

Source: SWMFBMA 2013 Member Farm Analysis


Reference section
Reference Section expenses

Source: SWMFBMA 2013 Member Farm Analysis







Garen s market prices
Garen’s expensesMarket Prices

Source: SWMFBMA 2013 Member Farm Analysis








Price history corn
Price History - Corn expenses

Source: SWMFBMA 2013 Member Farm Analysis


Price history soybeans
Price History: Soybeans expenses

Source: SWMFBMA 2013 Member Farm Analysis


U of M Extension Agricultural Business Management expenses

news, information, resources,  & current educational events @ new updated website:

http://www.extension.umn.edu/agriculture/business/

Watch for Farm Bill Education & Training

U of M Extension & FSA

  • 5-10 Dairy trainings late Sept-early Oct

  • ARC/PLC; 6 Regional Professional updates in Oct. or November

  • ARC/PLC; 60 producer meetings Nov.-Feb.


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