| Farm business financial ratios, with operators 65 
      years or older, 1996-2000 | 
  
  
    | Resource Region=Southern 
  Seaboard | 
  
  
    |   | 
    1996 | 
    1997 | 
    1998 | 
    1999 | 
    2000 | 
  
    | ITEM | 
    Estimate  | 
    RSE  | 
    Estimate  | 
    RSE  | 
    Estimate  | 
    RSE  | 
    Estimate  | 
    RSE  | 
    Estimate  | 
    RSE  | 
  
  
    | Number of farms | 
    38,686 | 
    25.0 | 
    17,684 | 
    19.2 | 
    18,923 | 
    18.9 | 
    22,509 | 
    16.8 | 
    18,001 | 
    11.9 | 
  
    | Current ratio (:1) | 
    10.25 | 
    51.9 | 
    4.28 | 
    48.8 | 
    8.35 | 
    42.7 | 
    5.60 | 
    31.0 | 
    18.50 | 
    56.8 | 
  
    | Working caital-to-expense ratio (%) | 
    98.36 | 
    42.9 | 
    55.13 | 
    52.0 | 
    109.04 | 
    45.5 | 
    50.36 | 
    15.3 | 
    215.24 | 
    45.3 | 
  
    | Debt/asset ratio (%) | 
    2.12 | 
    33.4 | 
    5.35 | 
    27.9 | 
    2.23 | 
    22.4 | 
    3.61 | 
    23.8 | 
    2.40 | 
    26.9 | 
  
    | Rate of return on assets (%) | 
    -2.34 | 
    * | 
    0.33 | 
    * | 
    -0.21 | 
    * | 
    -1.19 | 
    59.9 | 
    -0.77 | 
    * | 
  
    | Rate of return on equity (%) | 
    -2.61 | 
    * | 
    -0.19 | 
    * | 
    -0.46 | 
    * | 
    -1.62 | 
    45.8 | 
    -1.02 | 
    57.8 | 
  
    | Operating profit margin (%) | 
    -23.50 | 
    * | 
    2.63 | 
    * | 
    -2.10 | 
    * | 
    -10.34 | 
    71.0 | 
    -9.34 | 
    * | 
  
    | Term debt coverage ratio (times) | 
    5.61 | 
    * | 
    5.07 | 
    31.2 | 
    10.29 | 
    61.9 | 
    5.68 | 
    34.0 | 
    7.78 | 
    30.3 | 
  
    | Asset turnover ratio (times) | 
    0.10 | 
    19.3 | 
    0.13 | 
    8.0 | 
    0.10 | 
    24.2 | 
    0.11 | 
    15.0 | 
    0.08 | 
    23.9 | 
  
    | Operating expense ratio (%) | 
    101.25 | 
    18.3 | 
    70.59 | 
    25.6 | 
    75.99 | 
    17.1 | 
    83.59 | 
    5.8 | 
    78.61 | 
    11.0 | 
  
    | Economic cost-to-output ratio (%) | 
    113.34 | 
    11.4 | 
    94.78 | 
    21.0 | 
    105.93 | 
    14.7 | 
    114.79 | 
    5.8 | 
    98.42 | 
    15.1 | 
  
    * The Relative Standard 
      Error (RSE) exceeds 75 percent.
 
  The Relative Standard Error 
      (RSE) is defined as the standard error of the estimate divided by the 
      estimate. The larger the RSE, the less reliable the estimate. Source: 
      Agricultural Resource Management Study, 
USDA. |