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2005 Item Average 47 Northern Hudson Accounts Payable ACCRUAL EXPENSES Accrual Operating Asset turnover Average My Farm Average number balance sheet BALANCE SHEET ANALYSIS Business Rates Cash Flow Statement Change in Accounts Cost Control Grain costs of producing Costs Per Cow Coverage Ratio Cow Per Cwt crop expense current farm Dairy Farm Business Depreciation equity capital farm assets FARM BUSINESS CHART Farm Business Summary farm income Feed & Crop Financial Analysis Chart forward contracting Freestall goals herd Hired Labor Expense Hudson Region Dairy included income per operator Income Statement income without appreciation Investment Karszes labor and management Labor Efficiency Worker livestock expense machinery costs Management Income Milk Operating Cost milk receipts milk sales Northern Hudson Region number of cows opportunity cost participant's DFBS report percent Premiums real estate Region Dairy Farms repayment Return on equity Silage Sold Per Cow tons DM total farm Total Per Cow w/Appreciation Worker Equivalent