Dave Forgey's River-View Farm Comparisons
	1990	1991	1992	1993	1994	1995	1996	1997	1998
	Dry Lot	Dry Lot	Graz 6mo	Graz 6 mo	Seasonal	Seasonal	Seasonal	Seasonal	Seasonal
Capitol Eqpt purchased				19000	11542			13800	13987	Debt
Avge Farm Assets	976578	979432	983561	986100	950466	915455	884455	907255	915242	Reduction
Liabilities	573850	565967	501002	476001	417123	343721	311574	272266	232658	341192
Capitol Eqpt sold			2742	12500	27176	28140			Eqpt Sold	70558
								Debt reduced from Profit.		270634
Average cows	106	115	125	132	118	117	91	106	106
Milk sold per cow	20447	19649	18517	12153	15325	15747	16265	15624	14777
Income										Tl milk
Milk	270924	285619	290255	206466	244732	244950	217218	226457	234682	2221303
Cull Cows	7726	8112	12478	6415	6372	11608	11175	14109	13309	Tl Brdng
Bull Calves	3520	2520	2640	2580	8024	8520	4525	4565	5765	Lvstk Sld
Breeding Stock	30000	8308	63896	52299	52274	48000	8000	17037	23809	303623
Crop & Ag Pmts	7147	20811	13234	10558	8260	17324	11099	5907	6117	Cull Sales
Pat Dividends	680	0	1146	1040	944	1136	2182	1122	575	91304
Other farm income									11009	Tl Sales
Total Income	319997	325370	383649	279358	320606	331538	254199	269197	295266	2779180
Expenses
Purchased Feed	71807	63906	67889	56219	61832	83496	56553	45214	42536
Labor	32157	33150	30879	26518	24116	21578	19745	18300	22821
Fert/Chem/Lime	11800	13340	2660	711	708	3692	5185	4305	5145
Repairs	27040	33355	29180	28192	30916	26270	10787	17970	25285
Custom Hire	0	2617	3072	1970	0	0	1470	722	6454
Fuel	18136	10929	12166	9004	8968	7526	6083	6896	6364
Supplies	18386	16180	20737	17878	20532	14626	13032	9734	10414
Seed	3451	6492	4393	3591	3540	1562	2843	876	2247
Rent	5690	5440	6940	5679	5546	4400	4400	5400	4300
Vet/ Medicine	10025	6495	5608	4678	4602	4544	3289	3173	3927
Breeding	6391	4777	2897	2737	2714	2272	1784	1430	1430
Insurance	22312	24201	25983	15753	15694	17040	14292	19053	19287
Taxes	7762	7860	7856	7964	8024	7952	7695	7980	8683
Utilities	10911	9119	10308	8275	8260	8236	6304	6129	6016
DHIA	1317	1153	1450	1242	1180	1278	1034	515	535
Misc. Exp.	3251	1969	3723	2140	1534	646	427	7842	18138
Farm Interest	57114	52004	46618	39084	37170	41748	32076	27570	27399
Total Expense	307550	292987	282359	231635	235336	246866	186999	183109	210981
										Total
Net Cash Income	12447	32383	101290	47723	85270	84672	67200	86088	84285	Dep
Inventory Change	1500	0	10200	5400	-12900	-10600	0	400	20000	taken
Depreciation	38500	37500	36759	36871	35414	34621	33213	32579	31852	317309
Net Farm Income	-24553	-5117	74731	16252	36956	39451	33987	53909	72433
Net Farm Income %	-8%	-2%	19%	6%	12%	12%	13%	20%	25%
Operating Exp ratio	78.26%	74.06%	61.45%	68.93%	61.81%	61.87%	60.95%	57.78%	62.18%
Net Per Cow	-232	-44	598	123	313	337	373	509	683
Acres Farmed	415	398	398	398	398	370	370	370	370
Income Per Acre	-59	-13	188	41	93	107	92	146	196
Value  Operator Labor	40000	40000	40000	40000	40000	40000	40000	40000	40000
Retun on Frm Assts	-7439	6887	81349	15336	34126	41199	26063	41479	59832	Nt Worth
Rate rtn on Frm Ast	-1%	1%	8%	2%	4%	5%	3%	5%	7%	Increase
Net Worth	402728	413465	482559	510099	533343	571734	572881	634989	682584	279856
Retun on Frm Equity	-64553	-45117	34731	-23748	-3044	-549	-6013	13909	32433
Rate rtn on Frm Eqty	-16%	-11%	7%	-5%	-1%	0%	-1%	2%	5%
Debt / Asset Ratio	59%	58%	51%	48%	44%	38%	35%	30%	25%
Equity / Asset Ratio	41%	42%	49%	52%	56%	62%	65%	70%	75%
Debt / Equity Ratio	142%	137%	104%	93%	78%	60%	54%	43%	34%