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Farm Financial & Profitability Trends August 12, 2014 Don Nitchie, UMN Extension Educator

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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
slide1

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

slide21

Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis

slide25

Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis

profitability of livestock production
Profitability of Livestock Production

Source: SWMFBMA 2013 Member Farm Analysis

slide28

Per Bushel

Source: SWMFBMA 2013 Member Farm Analysis

slide29

Per cwt.

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

Source: SWMFBMA 2013 Member Farm Analysis

slide31

Per cow

Source: SWMFBMA 2013 Member Farm Analysis

slide32

Per cwt.

Source: SWMFBMA 2013 Member Farm Analysis

slide33

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

slide35

GFI = Gross Farm Income NFI = Net Farm Income

Source: SWMFBMA 2013 Member Farm Analysis

slide37

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

Source: SWMFBMA 2013 Member Farm Analysis

slide41

Projected Profitability and Financial Shocks

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

slide42

The Impact of Projected Profitability and Financial Shocks

Source: SWMFBMA 2013 Member Farm Analysis

reference section
Reference Section

Source: SWMFBMA 2013 Member Farm Analysis

garen s market prices
Garen’sMarket Prices

Source: SWMFBMA 2013 Member Farm Analysis

price history corn
Price History - Corn

Source: SWMFBMA 2013 Member Farm Analysis

price history soybeans
Price History: Soybeans

Source: SWMFBMA 2013 Member Farm Analysis

slide58

U of M Extension Agricultural Business Management

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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