|
Back
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
INCOME AND EXPENSE ANALYSIS
**BY CAPITAL MANAGED *** - 350000 *** *** 350001 - 500000 ***
11 FARMS 13 FARMS
ITEM PER FARM PER FARM
1 BEEF 2,603 30,383
2 DAIRY AND MILK 6,536 2,125
3 SHEEP
4 SWINE 29,198
5 POULTRY AND EGGS 13-
6 OTHER LIVESTOCK 547
7 CUSTOM FEEDING
8 FEED PURCHASED 17,322- 4,215-
9 LIVESTOCK INCOME $21,549 $28,293
10 CORN 1,179 745
11 GRAIN SORGHUM 13,005 11,871
12 SOYBEANS 4,068 10,383
13 SUNFLOWERS 844
14 WHEAT 20,956 25,914
15 HAY AND FORAGE 13,702 2,322
16 OTHER CROP 922 3,042
17 GOVERNMENT PAYMENTS 9,291 10,675
18 CROP INSURANCE PROCEEDS 159 344
19 OTHER INCOME 1,748 7,167
20 VALUE OF FARM PRODUCTION $86,579 $101,599
21 HIRED LABOR 2,476 1,056
22 MACHINERY REPAIRS 9,810 9,654
23 IRRIGATION REPAIRS 390
24 BUILDING REPAIRS 438 250
25 INTEREST PAID 6,627 7,933
26 SEED-OTHER CROP EXPENSE 3,059 4,941
27 CROP INSURANCE 1,929 2,230
28 FERTILIZER-LIME 6,385 9,900
29 MACHINE HIRE 7,921 3,328
30 ORGANIZATION FEE, PUBLICATION 2,034 1,773
31 VET-MED-DRUGS 837 1,687
32 CROP STORAGE-MARKETING 312 1,033
33 LIVESTOCK MARKETING-BREEDING 1,181 514
34 DAIRY EXPENSE 195 91
35 GAS-FUEL-OIL 5,218 6,590
36 IRRIGATION ENERGY 725
37 REAL ESTATE TAXES 2,741 2,034
38 PERSONAL PROPERTY TAXES 662 406
39 GENERAL FARM INSURANCE 1,890 1,909
40 UTILITIES 4,051 2,239
41 CASH FARM RENT 3,355 7,800
42 HERBICIDE-INSECTICIDE 5,376 4,608
43 CONSERVATION 4
44 AUTO EXPENSE 2,179 1,174
45 TOTAL OPERATING EXPENSE $69,790 $71,155
46 DEPRECIATION-MACHINERY 4,955 7,742
47 DEPRECIATION-BUILDINGS 2,851 599
48 TOTAL FARM EXPENSE $77,596 $79,496
49 NET FARM INCOME $8,983 $22,104
50 UNPAID FAMILY LABOR 1,841 1,385
51 UNPAID OPERATOR LABOR 18,655 18,485
52 MANAGEMENT CHARGE 2,932 5,389
53 CURRENT ASSET CHARGE - 8% 514 3,333
54 NONCURRENT ASSET CHARGE - 8% 7,103 11,103
55 RETURN LABOR-MANAGEMENT 474- 6,284
56 RETURN TO CAPITAL 7,817- 4,778
57 ASSET TURNOVER RATIO .4645 .3321
58 OPERATING PROFIT MARGIN RATIO .0903- .0470
59 % RETURN ON ASSETS .0419- .0156
60 % RETURN ON EQUITY .1517- .0175-
61 TOTAL EXPENSE RATIO .8962 .7824
62 ADJUSTED TOTAL EXPENSE RATIO 1.1668 1.0311
63 ECONOMIC TOTAL EXPENSE RATIO 1.2548 1.1731
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 35,712 43,172 83,381 94,084
65 NONCURRENT ASSETS 148,996 144,888 210,040 224,323
66 CURRENT LIABILITIES 29,022 37,019 44,798 49,341
67 NONCURRENT LIABILITIES 55,359 60,956 75,426 81,371
68 CURRENT RATIO 1.23 1.17 1.86 1.91
69 DEBT TO ASSET RATIO .46 .52 .41 .41
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
ANALYSIS OF THE FARM BUSINESS
**BY CAPITAL MANAGED *** - 350000 *** *** 350001 - 500000 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 9,940 30,482
71 MACHINERY AND EQUIPMENT 15,821 25,655
72 MOTOR VEHICLES & LISTED PROPERTY 30,345 48,893
73 BUILDINGS 16,265 6,425
74 OWNED LAND 79,323 131,364
75 TOTAL ASSETS 186,384 305,914
76 NET WORTH 95,206 180,446
LABOR
77 NUMBER OF OPERATORS .69 .68
78 NUMBER OF WORKERS .87 .77
79 TOTAL WORK DAYS 124 144
80 VALUE FARM PRODUCTION/WORKER 99,205 130,771
81 NET FARM INCOME/WORKER 10,293 28,450
PER OPERATOR BASIS
82 TOTAL ASSETS 269,766 446,841
83 VALUE OF FARM PRODUCTION 125,311 148,404
84 NET FARM INCOME 13,002 32,286
OTHER FACTORS
85 % CROP ACRES IRRIGATED 18.74 .29
86 % TILLABLE LAND 82.53 68.90
87 CROP MACH COST/TOT EXPENSE(%) 38.99 27.87
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 480 10 276 10 255 8 699 13 305 12 493 11
89 NON-IRRIGATED CROP ACRES 322 10 190 10 189 7 480 13 246 11 353 10
90 IRRIGATED CROP ACRES
91 TOTAL CROP ACRES 396 10 241 10 194 8 481 13 247 11 354 10
92 PASTURE ACRES 162 5 63 5 396 7 148 6 376 5
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 360 349 481 470
95 CROP MACHINERY INVESTMENT 43,528 120.91 124.61 56,520 117.43 120.33
96 CROP MACHINERY COST 30,258 84.05 86.62 22,156 46.03 47.17
97 GROSS CROP VALUE 69,416 175.29 180.65 84,929 176.45 180.81
98 CROP PRODUCTION COSTS 68,099 171.97 177.22 50,827 105.60 108.21
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN
100 GRAIN SORGHUM 7 97 83 72.7 36 80.1 9 142 76 92.7 125 96.7
101 SOYBEANS 4 25 9 86 45 38.5 63 36.1
102 SUNFLOWERS
103 WHEAT 9 176 86 44.6 128 45.1 11 242 115 48.1 217 49.1
104 OTHER CROPS
105 ALFALFA 6 93 118 3.1 10 41 35 3.7 39 4.0
106 OTHER HAY & FORAGE 4 44 10 72 56 56
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN
111 GRAIN SORGHUM
112 SOYBEANS
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 24
122 DAIRY COWS 2
123 EWES
124 SOWS 27
125 BEEF PURCHASED FOR RESALE SALES 11 26
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
INCOME AND EXPENSE ANALYSIS
**BY CAPITAL MANAGED *** 500001 - 750000 *** *** 750001 - 1000000 ***
35 FARMS 47 FARMS
ITEM PER FARM PER FARM
1 BEEF 24,839 31,464
2 DAIRY AND MILK 27,171 22,635
3 SHEEP 786
4 SWINE 2,889 10,261
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 43- 80
7 CUSTOM FEEDING 378 1,197
8 FEED PURCHASED 13,405- 17,092-
9 LIVESTOCK INCOME $42,616 $48,544
10 CORN 2,127 9,549
11 GRAIN SORGHUM 14,724 19,219
12 SOYBEANS 7,412 14,989
13 SUNFLOWERS 469
14 WHEAT 31,051 41,669
15 HAY AND FORAGE 4,786 4,904
16 OTHER CROP 661 851
17 GOVERNMENT PAYMENTS 10,809 17,836
18 CROP INSURANCE PROCEEDS 2,117 2,505
19 OTHER INCOME 5,892 5,838
20 VALUE OF FARM PRODUCTION $122,194 $166,374
21 HIRED LABOR 5,821 5,946
22 MACHINERY REPAIRS 11,728 13,705
23 IRRIGATION REPAIRS 15 213
24 BUILDING REPAIRS 1,111 1,186
25 INTEREST PAID 6,623 9,192
26 SEED-OTHER CROP EXPENSE 4,620 9,268
27 CROP INSURANCE 1,973 3,032
28 FERTILIZER-LIME 11,752 18,908
29 MACHINE HIRE 4,285 5,347
30 ORGANIZATION FEE, PUBLICATION 1,776 2,382
31 VET-MED-DRUGS 1,989 2,339
32 CROP STORAGE-MARKETING 494 915
33 LIVESTOCK MARKETING-BREEDING 1,318 1,271
34 DAIRY EXPENSE 1,976 2,307
35 GAS-FUEL-OIL 6,936 8,495
36 IRRIGATION ENERGY 7 133
37 REAL ESTATE TAXES 2,459 3,773
38 PERSONAL PROPERTY TAXES 511 336
39 GENERAL FARM INSURANCE 2,564 2,812
40 UTILITIES 3,101 3,425
41 CASH FARM RENT 9,448 9,761
42 HERBICIDE-INSECTICIDE 7,043 9,436
43 CONSERVATION 162 332
44 AUTO EXPENSE 1,163 1,395
45 TOTAL OPERATING EXPENSE $88,878 $115,908
46 DEPRECIATION-MACHINERY 10,753 11,993
47 DEPRECIATION-BUILDINGS 1,194 1,705
48 TOTAL FARM EXPENSE $100,825 $129,605
49 NET FARM INCOME $21,369 $36,769
50 UNPAID FAMILY LABOR 257 814
51 UNPAID OPERATOR LABOR 21,986 23,381
52 MANAGEMENT CHARGE 5,932 8,928
53 CURRENT ASSET CHARGE - 8% 5,912 7,642
54 NONCURRENT ASSET CHARGE - 8% 15,503 19,971
55 RETURN LABOR-MANAGEMENT 303- 8,343
56 RETURN TO CAPITAL 183- 12,839
57 ASSET TURNOVER RATIO .3103 .3157
58 OPERATING PROFIT MARGIN RATIO .0015- .0772
59 % RETURN ON ASSETS .0005- .0244
60 % RETURN ON EQUITY .0254- .0106
61 TOTAL EXPENSE RATIO .8251 .7790
62 ADJUSTED TOTAL EXPENSE RATIO 1.0557 .9781
63 ECONOMIC TOTAL EXPENSE RATIO 1.2309 1.1441
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 105,136 115,274 141,864 154,565
65 NONCURRENT ASSETS 274,163 293,099 360,001 397,482
66 CURRENT LIABILITIES 34,418 38,183 51,566 53,824
67 NONCURRENT LIABILITIES 85,260 94,440 123,967 134,236
68 CURRENT RATIO 3.05 3.02 2.75 2.87
69 DEBT TO ASSET RATIO .32 .32 .35 .34
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
ANALYSIS OF THE FARM BUSINESS
**BY CAPITAL MANAGED *** 500001 - 750000 *** *** 750001 - 1000000 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 36,219 37,976
71 MACHINERY AND EQUIPMENT 34,364 41,232
72 MOTOR VEHICLES & LISTED PROPERTY 56,569 61,834
73 BUILDINGS 12,307 13,127
74 OWNED LAND 158,940 244,249
75 TOTAL ASSETS 393,836 526,956
76 NET WORTH 267,686 345,159
LABOR
77 NUMBER OF OPERATORS .81 .86
78 NUMBER OF WORKERS 1.04 1.10
79 TOTAL WORK DAYS 172 218
80 VALUE FARM PRODUCTION/WORKER 116,534 151,249
81 NET FARM INCOME/WORKER 20,380 33,427
PER OPERATOR BASIS
82 TOTAL ASSETS 483,658 608,524
83 VALUE OF FARM PRODUCTION 150,063 192,128
84 NET FARM INCOME 26,243 42,461
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.55 1.14
86 % TILLABLE LAND 68.01 75.16
87 CROP MACH COST/TOT EXPENSE(%) 31.23 30.48
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 797 35 384 29 508 33 1005 47 509 42 587 44
89 NON-IRRIGATED CROP ACRES 534 35 266 29 332 33 747 47 425 39 430 43
90 IRRIGATED CROP ACRES
91 TOTAL CROP ACRES 542 35 266 29 341 33 756 47 427 39 438 43
92 PASTURE ACRES 371 24 179 19 306 18 360 31 168 25 291 24
93 FARMSTEAD ACRES 112 5 108 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 542 559 756 751
95 CROP MACHINERY INVESTMENT 74,965 138.32 134.17 88,594 117.25 117.99
96 CROP MACHINERY COST 31,492 58.11 56.37 39,509 52.29 52.62
97 GROSS CROP VALUE 91,549 168.92 163.86 131,549 174.10 175.20
98 CROP PRODUCTION COSTS 68,502 126.39 122.61 96,123 127.22 128.02
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 7 58 35 137.1 47 126.2 16 139 139 129.2 70 132.5
100 GRAIN SORGHUM 28 139 78 92.7 104 85.1 41 196 125 91.7 127 88.0
101 SOYBEANS 16 119 50 31.0 109 33.2 37 124 105 37.2 74 35.5
102 SUNFLOWERS
103 WHEAT 32 287 143 45.5 196 44.8 43 343 193 48.6 205 47.2
104 OTHER CROPS 5 61
105 ALFALFA 20 86 67 3.4 79 3.7 31 64 43 3.6 62 3.2
106 OTHER HAY & FORAGE 23 84 46 71 34 75 43 62
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN
111 GRAIN SORGHUM
112 SOYBEANS 4 102
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 11 14
122 DAIRY COWS 7 7
123 EWES 4
124 SOWS 4 7
125 BEEF PURCHASED FOR RESALE SALES 8 39
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
INCOME AND EXPENSE ANALYSIS
**BY CAPITAL MANAGED *** 1000001 - 1375000 *** *** 1375001 - 1750000 ***
58 FARMS 40 FARMS
ITEM PER FARM PER FARM
1 BEEF 50,915 68,010
2 DAIRY AND MILK 6,610 38,182
3 SHEEP 584
4 SWINE 4,291 14,122
5 POULTRY AND EGGS 1-
6 OTHER LIVESTOCK 489- 490-
7 CUSTOM FEEDING 1,214 125
8 FEED PURCHASED 13,470- 24,365-
9 LIVESTOCK INCOME $49,655 $95,585
10 CORN 6,996 13,227
11 GRAIN SORGHUM 25,596 24,916
12 SOYBEANS 19,142 27,535
13 SUNFLOWERS 1,499 1,507
14 WHEAT 52,445 56,806
15 HAY AND FORAGE 10,543 2,519
16 OTHER CROP 1,504 1,386
17 GOVERNMENT PAYMENTS 19,424 25,690
18 CROP INSURANCE PROCEEDS 2,544 2,176
19 OTHER INCOME 6,719 12,856
20 VALUE OF FARM PRODUCTION $196,065 $264,201
21 HIRED LABOR 4,768 10,057
22 MACHINERY REPAIRS 16,093 20,112
23 IRRIGATION REPAIRS 196 354
24 BUILDING REPAIRS 988 2,307
25 INTEREST PAID 10,615 17,734
26 SEED-OTHER CROP EXPENSE 10,117 12,756
27 CROP INSURANCE 3,684 6,079
28 FERTILIZER-LIME 23,078 30,591
29 MACHINE HIRE 8,087 7,170
30 ORGANIZATION FEE, PUBLICATION 2,237 2,367
31 VET-MED-DRUGS 2,509 4,457
32 CROP STORAGE-MARKETING 994 1,573
33 LIVESTOCK MARKETING-BREEDING 3,148 3,842
34 DAIRY EXPENSE 836 4,446
35 GAS-FUEL-OIL 10,897 12,253
36 IRRIGATION ENERGY 130 92
37 REAL ESTATE TAXES 3,896 4,857
38 PERSONAL PROPERTY TAXES 660 883
39 GENERAL FARM INSURANCE 3,380 4,832
40 UTILITIES 2,789 5,142
41 CASH FARM RENT 10,474 16,582
42 HERBICIDE-INSECTICIDE 11,654 14,425
43 CONSERVATION 178 503
44 AUTO EXPENSE 1,283 1,231
45 TOTAL OPERATING EXPENSE $132,691 $184,643
46 DEPRECIATION-MACHINERY 15,159 20,607
47 DEPRECIATION-BUILDINGS 1,121 2,852
48 TOTAL FARM EXPENSE $148,971 $208,102
49 NET FARM INCOME $47,095 $56,099
50 UNPAID FAMILY LABOR 1,203 2,025
51 UNPAID OPERATOR LABOR 26,860 29,565
52 MANAGEMENT CHARGE 11,237 13,824
53 CURRENT ASSET CHARGE - 8% 7,942 12,020
54 NONCURRENT ASSET CHARGE - 8% 22,689 29,419
55 RETURN LABOR-MANAGEMENT 15,261 12,635
56 RETURN TO CAPITAL 18,409 28,419
57 ASSET TURNOVER RATIO .3288 .3302
58 OPERATING PROFIT MARGIN RATIO .0939 .1076
59 % RETURN ON ASSETS .0309 .0355
60 % RETURN ON EQUITY .0204 .0206
61 TOTAL EXPENSE RATIO .7598 .7877
62 ADJUSTED TOTAL EXPENSE RATIO .9602 .9596
63 ECONOMIC TOTAL EXPENSE RATIO 1.1165 1.1164
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 165,724 188,287 230,944 263,947
65 NONCURRENT ASSETS 408,304 430,180 539,282 565,956
66 CURRENT LIABILITIES 71,773 83,682 94,235 100,144
67 NONCURRENT LIABILITIES 133,033 138,232 171,201 198,565
68 CURRENT RATIO 2.31 2.25 2.45 2.64
69 DEBT TO ASSET RATIO .36 .36 .34 .36
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
ANALYSIS OF THE FARM BUSINESS
**BY CAPITAL MANAGED *** 1000001 - 1375000 *** *** 1375001 - 1750000 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 44,063 71,096
71 MACHINERY AND EQUIPMENT 45,655 63,667
72 MOTOR VEHICLES & LISTED PROPERTY 79,843 102,841
73 BUILDINGS 10,525 27,562
74 OWNED LAND 272,979 342,768
75 TOTAL ASSETS 596,247 800,065
76 NET WORTH 382,887 517,992
LABOR
77 NUMBER OF OPERATORS .99 1.09
78 NUMBER OF WORKERS 1.20 1.47
79 TOTAL WORK DAYS 248 332
80 VALUE FARM PRODUCTION/WORKER 162,222 179,424
81 NET FARM INCOME/WORKER 38,966 38,098
PER OPERATOR BASIS
82 TOTAL ASSETS 599,348 730,653
83 VALUE OF FARM PRODUCTION 197,085 241,280
84 NET FARM INCOME 47,340 51,232
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.83 .77
86 % TILLABLE LAND 66.28 64.56
87 CROP MACH COST/TOT EXPENSE(%) 33.88 27.64
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1388 58 474 51 1006 56 1764 40 566 36 1320 38
89 NON-IRRIGATED CROP ACRES 903 58 318 50 651 56 1130 40 387 35 856 37
90 IRRIGATED CROP ACRES 139 7 85 5 110 5
91 TOTAL CROP ACRES 920 58 327 50 661 56 1139 40 388 35 864 37
92 PASTURE ACRES 547 49 207 37 399 48 708 35 230 29 566 32
93 FARMSTEAD ACRES 45 7 32 5 44 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 920 923 1139 1155
95 CROP MACHINERY INVESTMENT 111,405 121.09 120.65 136,570 119.93 118.27
96 CROP MACHINERY COST 50,472 54.86 54.66 57,525 50.51 49.82
97 GROSS CROP VALUE 169,889 184.65 183.99 210,902 185.20 182.65
98 CROP PRODUCTION COSTS 114,717 124.69 124.24 145,931 128.15 126.38
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 17 107 92 127.5 78 123.2 22 146 101 148.0 130 128.4
100 GRAIN SORGHUM 50 245 97 96.7 187 97.4 36 275 82 100.8 226 97.2
101 SOYBEANS 44 152 92 35.1 108 36.9 33 206 114 36.9 157 35.3
102 SUNFLOWERS 4 101 6 86 75 13.7
103 WHEAT 57 412 141 49.6 312 48.7 39 500 190 47.2 378 49.9
104 OTHER CROPS 5 49 38 6 40
105 ALFALFA 38 92 39 3.8 99 3.5 31 63 38 3.5 55 3.3
106 OTHER HAY & FORAGE 47 88 47 65 35 106 59 77
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN 4 62
111 GRAIN SORGHUM
112 SOYBEANS 6 80 65 56.0 40 49.5
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 40 26
122 DAIRY COWS 2 8
123 EWES 4
124 SOWS 26
125 BEEF PURCHASED FOR RESALE SALES 47 108
126 SWINE PURCHASED FOR RESALE SALES 46
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
INCOME AND EXPENSE ANALYSIS
**BY CAPITAL MANAGED *** 1750001 - 2125000 *** *** 2125001 - ***
21 FARMS 45 FARMS
ITEM PER FARM PER FARM
1 BEEF 147,158 259,741
2 DAIRY AND MILK 33 22,194
3 SHEEP
4 SWINE 2,219
5 POULTRY AND EGGS 3 29
6 OTHER LIVESTOCK 270- 1,751-
7 CUSTOM FEEDING 117 9,722
8 FEED PURCHASED 44,539- 104,874-
9 LIVESTOCK INCOME $102,502 $187,281
10 CORN 9,128 23,585
11 GRAIN SORGHUM 32,662 40,411
12 SOYBEANS 25,728 46,783
13 SUNFLOWERS 453
14 WHEAT 80,814 108,299
15 HAY AND FORAGE 15,505 11,606
16 OTHER CROP 1,727 7,421
17 GOVERNMENT PAYMENTS 27,783 40,913
18 CROP INSURANCE PROCEEDS 5,391 5,502
19 OTHER INCOME 24,494 16,476
20 VALUE OF FARM PRODUCTION $325,735 $488,731
21 HIRED LABOR 11,470 28,925
22 MACHINERY REPAIRS 23,675 36,162
23 IRRIGATION REPAIRS 789 466
24 BUILDING REPAIRS 2,344 4,594
25 INTEREST PAID 22,708 27,830
26 SEED-OTHER CROP EXPENSE 15,586 24,277
27 CROP INSURANCE 8,375 8,967
28 FERTILIZER-LIME 36,114 49,510
29 MACHINE HIRE 13,555 19,066
30 ORGANIZATION FEE, PUBLICATION 4,022 3,924
31 VET-MED-DRUGS 4,987 9,454
32 CROP STORAGE-MARKETING 1,188 2,840
33 LIVESTOCK MARKETING-BREEDING 5,660 6,806
34 DAIRY EXPENSE 1,749
35 GAS-FUEL-OIL 16,516 20,248
36 IRRIGATION ENERGY 190 468
37 REAL ESTATE TAXES 4,459 5,346
38 PERSONAL PROPERTY TAXES 976 1,371
39 GENERAL FARM INSURANCE 4,706 8,075
40 UTILITIES 3,648 7,484
41 CASH FARM RENT 28,173 49,715
42 HERBICIDE-INSECTICIDE 14,713 26,260
43 CONSERVATION 742 433
44 AUTO EXPENSE 1,015 535
45 TOTAL OPERATING EXPENSE $225,611 $344,502
46 DEPRECIATION-MACHINERY 28,355 37,043
47 DEPRECIATION-BUILDINGS 3,205 3,333
48 TOTAL FARM EXPENSE $257,171 $384,878
49 NET FARM INCOME $68,563 $103,852
50 UNPAID FAMILY LABOR 1,821 1,400
51 UNPAID OPERATOR LABOR 28,414 36,240
52 MANAGEMENT CHARGE 16,795 25,762
53 CURRENT ASSET CHARGE - 8% 19,536 21,492
54 NONCURRENT ASSET CHARGE - 8% 22,375 40,274
55 RETURN LABOR-MANAGEMENT 24,831 40,687
56 RETURN TO CAPITAL 44,241 68,281
57 ASSET TURNOVER RATIO .3434 .3626
58 OPERATING PROFIT MARGIN RATIO .1358 .1397
59 % RETURN ON ASSETS .0466 .0507
60 % RETURN ON EQUITY .0411 .0524
61 TOTAL EXPENSE RATIO .7895 .7875
62 ADJUSTED TOTAL EXPENSE RATIO .9339 .9172
63 ECONOMIC TOTAL EXPENSE RATIO 1.0626 1.0436
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 360,638 399,700 572,689 633,966
65 NONCURRENT ASSETS 545,174 591,764 716,649 772,472
66 CURRENT LIABILITIES 131,738 140,197 322,455 346,913
67 NONCURRENT LIABILITIES 264,100 313,474 237,320 244,956
68 CURRENT RATIO 2.74 2.85 1.78 1.83
69 DEBT TO ASSET RATIO .44 .46 .43 .42
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NC
ANALYSIS OF THE FARM BUSINESS
**BY CAPITAL MANAGED *** 1750001 - 2125000 *** *** 2125001 - ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 91,130 119,891
71 MACHINERY AND EQUIPMENT 81,506 107,749
72 MOTOR VEHICLES & LISTED PROPERTY 129,250 180,075
73 BUILDINGS 31,115 31,366
74 OWNED LAND 315,354 389,888
75 TOTAL ASSETS 948,638 1,347,889
76 NET WORTH 523,884 772,067
LABOR
77 NUMBER OF OPERATORS 1.05 1.34
78 NUMBER OF WORKERS 1.42 2.47
79 TOTAL WORK DAYS 400 565
80 VALUE FARM PRODUCTION/WORKER 228,014 197,246
81 NET FARM INCOME/WORKER 47,994 41,914
PER OPERATOR BASIS
82 TOTAL ASSETS 901,421 1,004,222
83 VALUE OF FARM PRODUCTION 309,522 364,120
84 NET FARM INCOME 65,151 77,374
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.93 3.67
86 % TILLABLE LAND 56.35 54.79
87 CROP MACH COST/TOT EXPENSE(%) 26.44 24.79
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2372 21 633 18 1921 20 3294 44 879 29 2778 43
89 NON-IRRIGATED CROP ACRES 1310 21 449 17 1047 19 1738 44 536 28 1429 43
90 IRRIGATED CROP ACRES 243 12 222 11
91 TOTAL CROP ACRES 1336 21 470 17 1056 19 1805 44 553 28 1486 43
92 PASTURE ACRES 1087 20 226 15 966 19 1593 41 382 26 1420 39
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1336 1347 1765 1807
95 CROP MACHINERY INVESTMENT 170,553 127.64 126.57 218,873 124.03 121.10
96 CROP MACHINERY COST 68,005 50.89 50.47 95,428 54.08 52.80
97 GROSS CROP VALUE 256,784 192.17 190.56 368,608 204.24 199.42
98 CROP PRODUCTION COSTS 166,793 124.82 123.78 246,909 139.92 136.61
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 8 113 80 137.6 85 127.0 21 146 61 151.2 136 149.2
100 GRAIN SORGHUM 20 284 175 102.2 231 108.2 43 336 164 93.6 295 99.0
101 SOYBEANS 16 203 124 35.0 170 42.2 37 340 172 36.5 289 37.7
102 SUNFLOWERS
103 WHEAT 21 636 205 49.4 541 47.6 44 803 220 50.8 706 49.7
104 OTHER CROPS
105 ALFALFA 18 103 62 3.5 89 3.7 37 151 68 3.7 146 3.8
106 OTHER HAY & FORAGE 15 180 84 149 39 169 109 132
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN 8 173 194 197.1
111 GRAIN SORGHUM
112 SOYBEANS 9 150 159 48.6
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE 5 63 48
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 88 53
122 DAIRY COWS 4
123 EWES
124 SOWS 1
125 BEEF PURCHASED FOR RESALE SALES 260 548
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
|