2005 Michigan Cash Grain Farm Business Analysis Summary

Eric Wittenberg and Stephen B. Harsh

No 9314, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: This report summarizes the 2005 financial and production records of 64 Michigan cash grain farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of these items: corn, soybeans, wheat, navy beans, oats, sugar beets and other small grains. The records came from Michigan State University's TelFarm project and Farm Credit Service of Michigan. The values were pooled into averages for reporting purposes. Farm records were included if a farm financial analysis had completed 2005 data including beginning and ending balance sheets and a statement of income and expenses. The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000. While considerable variation in the data exists, average values are reported in the summary tables.

Keywords: Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 60
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:9314

DOI: 10.22004/ag.econ.9314

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