Region_4

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Region 4 West ND
Farm/Ranch Business Management Education Year
2007 Jerry Tuhy, Instructor Dickinson Public
Schools at DREC location
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North Dakota Farm Business Management Programs
are located in four regions across North Dakota
North Central
RRV
West
South Central
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North Dakota Farm/Ranch Business
Management Education Program
Mission Statement
To provide lifelong learning opportunities in
economic and financial management for families
involved in the farming and ranching business
Goal setting Planning Business analysis Records/ac
counting
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Gross Income (Accrual)Per farm for year
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Net Income Ratio ()percentage of gross that is
net
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Net Farm Income Profit
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Net Non-Farm Income
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Family Living Income Taxes spent/year
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Change in Retained Earnings of equity per yr
(cost basis)
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Farm Debt/Asset Ratio () end year
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Current Ratio at years end
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Expense as of Income (OpInt.) Accrual
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Term Debt Coverage Ratioa 100 ratio means we
can make all debt payments
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Cash Flow 2007
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Crop and Pasture Acres
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Spring Wheat on Cash Rented(Bu.Yield/Acre)
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Spring Wheat Ave Yields and Net per Acre
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Costs /acre for Spring Wheat comparing 2006 to
2007
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Crop Contributions to Overheads Year 2007
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Net income /Beef Cow
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Beef cow costs, returns 2007per cow
average
high profit
76
198
327
118
297
104
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Cost to Maintain Herd /cowyear 2007
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Costs per cow and effects on Cost of
production/cwt of calf
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To acquire knowledge, one must study but to
acquire wisdom, one must observe.
Marilyn Vos Savant
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Thank You!