These Graphs Represent An Average of Detailed Records of Farms Enrolled in Farm Management Programs...

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THE

BIG

PICTURE

WHAT WAS FARMING LIKE IN

2009 NORTH CENTRAL REGION #2

A COMPARISON BETWEEN SELECTED

DATA FROM THE 2009 REGION 2

AVERAGES AND THE PREVIOUS YEARS

These Graphs Represent

An Average of Detailed Records

of Farms Enrolled in

Farm Management Programs

located in North Central

North Dakota (Region 2)

and for years 1989-2009

Region 4

Region 3

Region 2Region 1

North Dakota Farm Business Management Education Programs

North Central North Dakota (Region 2) Averages

Gross Cash Farm IncomeRegion 2 Farm Business Mgmt.

$0$50,000

$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$550,000$600,000

Cash Operation Expense & Deprec Region 2 Farm Business Mgmt.

$0$50,000

$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Cash Expense Deprec & Cap Adjust

Net Farm Income Region 2 Farm Business Mgmt.

$0

$30,000

$60,000

$90,000

$120,000

$150,000

$180,000

$210,000

Net Farm Inc

Net Farm Income (Low & High 20%)Region 2 Farm Business Mgmt.

-$50,000$0

$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000

Low 20% High 20% Column 7 Column 8 Column 9

Total Insurance Income Region 2 Farm Business Mgmt.

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Insurance

Net Farm Income without Insurance Income

Region 2 Farm Business Mgmt.

$0

$30,000

$60,000

$90,000

$120,000

$150,000

$180,000

$210,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

NFI w/o Insurance

Total Government Payments (Cash) Region 2 Farm Business Mgmt.

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Gov Payments including CRP

Net Farm Income without Gov Payments Region 2 Farm Business Mgmt.

-$40,000

-$20,000

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

Net Farm Inc /without Gov Pay

Net Farm Income without Gov Pay or Ins Income Region 2 Farm Business Mgmt.

-$75,000

-$50,000

-$25,000

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

NFI without Gov Pay or Ins

Government Payments as a Percent of All Expense

Region 2 Farm Business Mgmt.

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Gov Pay as % of Exp

Average Total Assets Region 2 Farm Business Mgmt.

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Average Total Liabilities Region 2 Farm Business Mgmt.

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Average Change in Net Worth Region 2 Farm Business Mgmt.

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Change in Net Worth

Total Acres FarmedRegion 2 Farm Business Mgmt.

0

300600

900

1,2001,500

1,800

2,1002,400

2,700

Crop Acres PastureAcres

Total Net Income Region 2 Farm Business Mgmt.

$0$25,000$50,000$75,000

$100,000$125,000$150,000$175,000$200,000$225,000$250,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Net Farm Inc Non Farm Inc Gifts & Inher

Labor & Management Earnings Region 2 Farm Business Mgmt.

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Labor & Management Earningswithout Government Payments

Region 2 Farm Business Mgmt.

-$60,000

-$40,000

-$20,000

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Total Seed Expense Region 2 Farm Business Mgmt.

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Fertilizer Expense Region 2 Farm Business Mgmt.

$0

$15,000

$30,000

$45,000

$60,000

$75,000

$90,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Chemical Expense Region 2 Farm Business Mgmt.

$0$5,000

$10,000$15,000$20,000$25,000$30,000$35,000$40,000$45,000$50,000$55,000$60,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Crop Insurance Expense Region 2 Farm Business Mgmt.

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Repair Expense Region 2 Farm Business Mgmt.

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

89 91 93 95 97 99 '01

'03

'05

'06

'08

Total Fuel & Oil Expense Region 2 Farm Business Mgmt.

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

Total Money Borrowed Region 2 Farm Business Mgmt.

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Interest Paid Region 2 Farm Business Mgmt.

$0$3,000

$6,000$9,000

$12,000$15,000

$18,000$21,000

$24,000$27,000

$30,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Total Family Living ExpenseRegion 2 Farm Business Mgmt.

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

89 91 93 95 97 99 '01

'03

'05

'07

'09

Family Living Income Tax Paid

% Return on Equity per FarmRegion 2 ND Farm Business Management

0.0%4.0%8.0%

12.0%16.0%20.0%24.0%28.0%32.0%36.0%

89 91 93 95 97 99 '01

'03

'05

'07

'09

Return on Equity

% Return on Assets per FarmRegion 2 ND Farm Business Management

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

89 89 91 93 95 97 99 '01

'03

'05

'07

'09

Return on Assets

% Return on Equity/Assets per FarmRegion 2, ND Farm Business Mgmt.

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%

28.0%

32.0%

Return on Equity Return on Assets

% Return on Assets/Equity per FarmRegion 2, ND Farm Business Mgmt.

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%

28.0%

32.0%

Return on Assets Return on Equity

Average Farmer AgeRegion 2 Farm Business Mgmt.

32.0

34.0

36.0

38.0

40.0

42.0

44.0

46.0

48.0

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Farmer Age

Wheat & Barley YieldsRegion 2, ND Farm Business Mgmt.

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

89 91 93 95 97 99 '01

'03

'05

'07

'09

Barley Yield Wheat Yield

Average Wheat Price Region 2 Farm Business Mgmt.

$2.00$2.50$3.00$3.50$4.00$4.50$5.00$5.50$6.00$6.50$7.00$7.50$8.00

89 91 93 95 97 99 '01

'03

'05

'07

'09

Net Income Per Cow Region 2 Farm Business Mgmt.

-$25$0

$25$50$75

$100$125$150$175$200$225$250

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

Total Direct & Overhead Costs/CowRegion 2 Farm Business Mgmt.

$0$50

$100$150$200$250$300$350$400$450$500

1993

1995

1997

1999

2001

2003

2005

2007

2009

Direct Cost Overhead Cost

Selected Annual Farm ExpensesRegion 2 Farm Business Mgmt.

(North Central North Dakota)

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

2002 2003 2004 2005 2006 2007 2008 2009

Fertilizer Seed Fuel Chemical Interest

Net Farm Income Region 2 Farm Business Mgmt.

(North Central North Dakota)

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

2002 2003 2004 2005 2006 2007 2008 2009Accrual NFI Including all Disaster & Other Gov Payments. Does Not Include Return on Labor, Management, or Investment.

Annual Fertilizer & Fuel ExpensesRegion 2 Farm Business Mgmt.

(North Central North Dakota)

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

2003 2004 2005 2006 2007 2008 2009

Fertilizer Fuel

An Educational Program of the North Dakota State Department for Career and Technical

Education

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