Balance Sheet Presentation

January 1	December 31
Average
16) Accounts Payable/Accrued Expenses	$550	$800	$675
17) Income & Social Security Taxes Payable	$16,500	$17,810	$17,155
18) Current Portion: Deferred Taxes	$0	$0	$0
19) Current Loans Due Within One Year	$130,048	$150,000	$140,024
20) Current Portion of Term Debt	$80,578	$72,019	$76,299
21) Accrued Interest	$28,477	$25,660	$27,069
22)TOTAL CURRENT LIABILITIES	$256,153	$266,289	$261,221
23) Noncurrent Portion: Deferred Taxes	$0	$0	$0
24) Noncurrent Portion: Intermediate Loans	$154,933	$112,497	$133,715
25) Noncurrent Portion: Long-term Loans	$526,495	$496,552	$511,523
26) TOTAL NONCURRENT LIABILITIES	$681,428	$609,049	$645,238
27) TOTAL FARM LIABILITIES	$937,581	$875,338	$906,459
28) FARM NET WORTH	$2,007,549	$2,055,567	$2,031,558
29) TOTAL LIABILITIES AND NET WORTH	$2,945,131	$2,930,905	$2,938,018

ASSETS:
	January 1	December 31	Average
1) Cash	$13,019	$7,473	$10,246
2) Accounts Receivable	$205	$550	$378
3) Fertilizer and Supplies	$67,905	$80,600	$74,253
4) Investment in Growing Crops	$45,563	$30,375	$37,969
5) Crops Held for Sale and Feed	$50,850	$52,875	$51,863
6) Market Livestock	$37,800	$36,750	$37,275
7) Other Current Assets	$0	$0	$0
8) TOTAL CURRENT ASSETS	$215,342	$208,623	$211,982
9) Breeding Livestock	$295,100	$296,200	$295,650
10) Machinery and Equipment	$465,035	$423,279	$444,157
11) Buildings	$40,201	$71,040	$55,621
12) Investments in Cooperatives	$25,453	$27,763	$26,608
13) Land	$1,904,000	$1,904,000	$1,904,000
14) TOTAL NONCURRENT ASSETS	$2,729,789	$2,722,282	$2,726,036
15) TOTAL FARM ASSETS	$2,945,131	$2,930,905	$2,938,018