Trader’s Dispatch, November 2013 — Page A50
Summary of N.D. farm financial performance
2012 PJ 8-ft.x60” utility dump trailer, BP split gate, tarp kit Retail $4380. SPECIAL PRICE................ $3550 2013 PJ 14-ft.x83” tandem axle dump trailer, gooseneck, split spreader gate, tarp kit, scissor lift, 24” side extensions. Black Retail $9639. Will sell for......................... $8569 2014 PJ 10-ft.x60” utility dump trailer, split gate, tarp kit Retail $5039. Will sell for......................... $4489
2014 PJ 12-ft.x83” tandem axle dump trailer, tarp kit Retail $7339. Will sell for......................... $6529 2014 PJ 14-ft.x83” tandem axle dump trailer, split spreader gate, power up/down, gravity upgrade, tarp kit, scissor lift Retail $8219. Will sell for......................... $7319 2014 PJ 14-ft.x96” deckover dump trailer, split spreader gate, tarp kit. Retail $8319. Will sell for......................... $7399
New PJ 30-ft. classic gooseneck flat bed with duals, 5-ft. dovetail with 2 flip-up ramps. Retail $10,623. Will sell for...................... $9489 2013 PJ 26-ft. gooseneck flat bed with duals, tool box, 5-ft. dovetail with 2 flip over ramps. Retail $10,148. Will sell for...................... $9199
New PJ 28-ft. gooseneck with triple 7000# axles and brakes, 2 flip over ramps, popup dovetail. .................................................................. $8499 2013 PJ 28-ft. gooseneck flat bed with singles, tool box, 5-ft. center popup dovetail with 2 flip over ramps, cold weather harness. Retail $8421. Will sell for......................... $7599
New PJ 26-ft. deck over power tilt, cold weather wiring harness, 102” deck width Retail $8839. Will sell for......................... $8429
New PJ 22-ft. deck over power tilt, cold weather wiring harness, 102” deck width Retail $7649. Will sell for......................... $6829
PJ 20-ft. x 6” channel equipment bumper pull trailer with 2-7000# axles, straight deck with 5-ft. slide-in ramps Retail $4629. Will sell for......................... $4199
New 2014 Wells Cargo Funwagon, 4 place enclosed sled trailer, 6’6” white interior, insulated ceiling with man door, rear & front loading ramps, fuel door. This trailer is loaded! Black or white exterior. Retail $12,150. Your Choice Now......... $10,150
New Circle D 6-ft. 8” x 20-ft. gooseneck stock trailer with 7000# axles, bull package, solid divider gate, mats, spare tire. White. Retail $10,652. Will sell for...................... $9399 New Circle D 6-ft. 8” x 24-ft. gooseneck stock trailer with 7000# axles, bull package, spare tire, mats, 2 center dividers with one slider. Charcoal gray. Retail $12,379. Now............................. $10,949 New Circle D 16-ft. gooseneck stock trailer with 2 6000# axles, mats, spare tire. White. Retail $9799. Now.................................... $8599
More Inventory Arriving Daily!
By NDSU Extension Service The “Financial Characteristics of North Dakota Farms, 2003-2012” publication summarizes the performance of more than 500 farms enrolled in the North Dakota Farm Business Management Education program. The program uses 16 financial measures to evaluate liquidity, solvency, repayment capacity, profitability and financial efficiency. Farms are grouped by region, type, size, gross cash sales, land tenure, profit, debt-to-asset ratio and the age of the farmer to look at relationships between financial performance and farm characteristics. In 2012, median and average acreage per farm was 1,932 and 2,550, respectively. Farm gross cash revenue has more than doubled during the past 10 years. In 2012, the median and average gross cash revenue was $585,143 and $799,464, respectively. More than 70 percent of the farms were crop farms. The median age of farm operators was 47. “Financial performance in 2007-2012, excluding 2009, was much superior to other years in the 2003 through 2012 period,” says Andy Swenson, North Dakota State University farm management specialist. “Overall performance was the worst in 2006. It was the best in 2012 due to record crop prices and surprisingly strong yields for nearly all crops because stored soil moisture from a wet 2011 sustained crops through the dry summer.” Median current ratio, a measure of a farm’s ability to meet financial obligations when they come due, was the highest, at 2.3, in 2012, compared with a range of 1.2 to 1.4 during 2009 and 2003 through 2006. “The median term debt and capital repayment margin was the highest, at $185,291, in 2012,” Swenson says. “Prior to 2007, the 10-year high was $21,012. Only 2.8 cents from every dollar of gross revenue was necessary to cover interest expense in 2012. Since 2006, it generally has improved because of lower interest rates and much higher gross revenues.” The Red River Valley and crop farms typically had stronger profitability, solvency and repayment capacity than other regions and farm types. Exceptions were 2007 and 2009, when the north-central region had the best regional performance, and 2005, when the south-central region and livestock farms had a better performance record. “In 2012, farms with sales of less than $500,000 were four times more likely to have a debt-to-asset ratio higher than 70 percent than farms with sales greater than $500,000,” Swenson says. “Also, as expected, the debt-to-asset ratio improved and the level of cropland ownership increased as farmers got older.” For a free copy of the publication, contact the NDSU Department of Agribusiness and Applied Economics, Dept. 7610, P.O. Box 6050, Fargo, ND 58108- 6050, or call (701) 231-7441. This publication also is on the Web at http://ageconsearch.umn.edu/ (search for Financial Characteristics of North Dakota Farms).
October farm prices up one point
1989 Williamson 2 axle pup trailer. White. Excellent condition.................................... $5999
Used Like New 2012 PJ 60”x8’ utility trailers. 2 in stock. Sells New for $1449 Now............................................................ $1200
Used 1998 Featherlite stock/combo steel trailer, escape door, 3 saddle racks, mats, decent tires and spare.......................$5500 obo
2245 Amsterdam Road Belgrade, Montana 406-388-7479 Delivery available. Call for details “We Work Harder To Stretch Your Dollar Farther”
The preliminary All Farm Products Index of Prices Received by Farmers in October, at 187 percent, based on 1990-1992=100, increased 1 point (0.5 percent) from September. The Crop Index is down 3 points (1.5 percent) but the Livestock Index is unchanged. Producers received higher prices for wheat and lower prices for corn, soybeans, and potatoes. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of soybeans, corn, cottonseed, and cotton offset the decreased marketing of wheat, milk, hogs, and hay. The preliminary All Farm Products Index is down 23 points (11 percent) from October 2012. The Food Commodities Index, at 189, increased 8 points (4.4 percent) from last month but decreased 7 points (3.6 percent) from October 2012 The October Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 218 percent of the 1990-1992 average. The index is up 1 point (0.5 percent) from September but unchanged from October 2012. Higher prices in October for concentrates, feeder cattle, feeder pigs, and nitrogen offset lower prices for feed grains, complete feeds, diesel, and gasoline.