North Central KFMA
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       2004 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres               181 - 499 ACRES                          500 - 999 ACRES 
                                                         20 FARMS                                  69 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            10,074                                    34,710 
        2  DAIRY AND MILK                                  81,774                                    18,531 
        3  SHEEP                                                                                        735 
        4  SWINE                                           20,007                                     1,340 
        5  POULTRY AND EGGS                                    -7                                        -1 
        6  OTHER LIVESTOCK                                                                             -171 
        7  CUSTOM FEEDING                                                                             1,007 
        8  FEED PURCHASED                                 -38,978                                   -10,912 
        9     LIVESTOCK INCOME                       $     72,869                              $     45,238 
      
       10  CORN                                             1,618                                     5,764 
       11  GRAIN SORGHUM                                    9,048                                    15,880 
       12  SOYBEANS                                         7,238                                    11,973 
       13  SUNFLOWERS                                         114 
       14  WHEAT                                           13,850                                    35,301 
       15  HAY AND FORAGE                                   1,472                                     8,815 
       16  OTHER CROP                                       1,770                                     1,117 
       17  GOVERNMENT PAYMENTS                              7,378                                    14,600 
       18  CROP INSURANCE PROCEEDS                            245                                     1,709 
       19  OTHER INCOME                                     2,672                                     5,955 
       20     VALUE OF FARM PRODUCTION               $    118,274                              $    146,354 
      
       21  HIRED LABOR                                     10,437                                     2,189 
       22  MACHINERY REPAIRS                                9,410                                    12,001 
       23  IRRIGATION REPAIRS                                  34                                        92 
       24  BUILDING REPAIRS                                   534                                     1,121 
       25  INTEREST PAID                                    7,158                                     7,068 
       26  SEED-OTHER CROP EXPENSE                          3,442                                     6,932 
       27  CROP INSURANCE                                   1,311                                     2,207 
       28  FERTILIZER-LIME                                  7,369                                    15,854 
       29  MACHINE HIRE                                     5,126                                     5,788 
       30  ORGANIZATION FEE, PUBLICATION                    1,642                                     1,964 
       31  VET-MED-DRUGS                                    3,696                                     2,329 
       32  CROP STORAGE-MARKETING                             725                                       547 
       33  LIVESTOCK MARKETING-BREEDING                     1,976                                     1,951 
       34  DAIRY EXPENSE                                    6,039                                     2,898 
       35  GAS-FUEL-OIL                                     4,833                                     7,712 
       36  IRRIGATION ENERGY                                  118 
       37  REAL ESTATE TAXES                                2,081                                     3,432 
       38  PERSONAL PROPERTY TAXES                            352                                       414 
       39  GENERAL FARM INSURANCE                           2,100                                     2,663 
       40  UTILITIES                                        4,501                                     2,664 
       41  CASH FARM RENT                                   3,820                                     8,745 
       42  HERBICIDE-INSECTICIDE                            3,124                                     6,857 
       43  CONSERVATION                                        92                                        42 
       44  AUTO EXPENSE                                       859                                     1,198 
       45     TOTAL OPERATING EXPENSE                $     80,778                              $     96,665 
      
       46  DEPRECIATION-MACHINERY                           7,359                                    11,778 
       47  DEPRECIATION-BUILDINGS                           1,286                                     1,385 
       48     TOTAL FARM EXPENSE                     $     89,422                              $    109,828 
      
       49     NET FARM INCOME                        $     28,852                              $     36,526 
      
       50  UNPAID FAMILY LABOR                              1,125                                       913 
       51  UNPAID OPERATOR LABOR                           19,845                                    22,500 
       52  MANAGEMENT CHARGE                                7,015                                     8,597 
       53  CURRENT ASSET CHARGE - 8%                        5,248                                     7,577 
       54  NONCURRENT ASSET CHARGE - 8%                    15,430                                    21,770 
       55  RETURN LABOR-MANAGEMENT                          7,050                                     6,266 
       56  RETURN TO CAPITAL                                8,025                                    11,585 
       57  ASSET TURNOVER RATIO                             .3098                                     .2851 
       58  OPERATING PROFIT MARGIN RATIO                    .0679                                     .0792 
       59  % RETURN ON ASSETS                               .0210                                     .0226 
       60  % RETURN ON EQUITY                               .0034                                     .0123 
       61  TOTAL EXPENSE RATIO                              .7561                                     .7504 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9927                                     .9691 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1675                                    1.1697 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          104,675               120,017             137,031               156,684    
       65  NONCURRENT ASSETS                       258,944               280,002             355,982               376,868    
       66  CURRENT LIABILITIES                      42,646                50,851              51,500                52,801    
       67  NONCURRENT LIABILITIES                   72,211                80,996              88,691                99,898    
       68  CURRENT RATIO                              2.45                  2.36                2.66                  2.97    
       69  DEBT TO ASSET RATIO                         .32                   .33                 .28                   .29    
      
       2004 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres               181 - 499 ACRES                          500 - 999 ACRES 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              54,418                                    27,187 
       71  MACHINERY AND EQUIPMENT                         23,224                                    42,000 
       72  MOTOR VEHICLES & LISTED PROPE                   37,455                                    61,690 
       73  BUILDINGS                                       12,635                                    13,459 
       74  OWNED LAND                                     146,470                                   237,994 
       75  TOTAL ASSETS                                   381,819                                   513,283 
       76  NET WORTH                                      258,467                                   366,838 
      
       LABOR
       77  NUMBER OF OPERATORS                                .73                                       .83 
       78  NUMBER OF WORKERS                                 1.16                                       .95 
       79  TOTAL WORK DAYS                                    203                                       185 
       80  VALUE FARM PRODUCTION/WORKER                   101,961                                   153,705 
       81  NET FARM INCOME/WORKER                          24,873                                    38,361 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   519,481                                   615,939 
       83  VALUE OF FARM PRODUCTION                       160,918                                   175,624 
       84  NET FARM INCOME                                 39,255                                    43,831 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            5.01                                       .66 
       86  % TILLABLE LAND                                  90.50                                     77.22 
       87  CROP MACH COST/TOT EXPENSE(%)                    22.70                                     33.08 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      344    20    197    18    185    18        780    69    396    62    479    61    
       89  NON-IRRIGATED CROP ACRES         296    20    167    18    170    17        598    69    335    60    359    59    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 311    20    176    18    170    18        602    69    338    60    360    59    
       92  PASTURE ACRES                     65    10     53     7     47     6        262    46    120    34    228    35    
       93  FARMSTEAD ACRES                                                              40     5     40     5     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           311           320                         602           604  
       95  CROP MACHINERY INVESTMENT           43,297        139.13        135.14         89,483        148.64        148.14  
       96  CROP MACHINERY COST                 20,301         65.23         63.36         36,329         60.35         60.14  
       97  GROSS CROP VALUE                    63,324        203.48        197.65        112,940        187.60        186.97  
       98  CROP PRODUCTION COSTS               43,936        141.18        137.13         80,850        134.30        133.85  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             6     49     35   113.8    39   135.6     19    115    109   137.8    68   132.4  
      100  GRAIN SORGHUM                   12     99     75    87.9    65    90.8     56    149     88    97.3   103    94.3  
      101  SOYBEANS                        14     50     39    40.0    35    36.6     40    132     83    36.4    88    35.8  
      102  SUNFLOWERS   
      103  WHEAT                           15    146     88    50.6    81    52.3     64    270    155    47.9   183    47.6  
      104  OTHER CROPS                                                                 5     30                   16    
      105  ALFALFA                         11     59     31     3.2    71     3.6     48     91     72     3.4    83     3.6  
      106  OTHER HAY & FORAGE              14     74     59            56             47     81     52            59    
      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                                            2                                        13 
      122  DAIRY COWS                                          21                                         5 
      123  EWES                                                                                           5 
      124  SOWS                                                11                                         2 
      125  BEEF PURCH. FOR RESALE SALES                        18                                        45 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2004 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres             1,000 - 1,999 ACRES                      2,000 - 4,999 ACRES     
                                                        115 FARMS                                  71 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            56,054                                   134,498 
        2  DAIRY AND MILK                                  18,469                                    19,171 
        3  SHEEP                                               93 
        4  SWINE                                            7,872                                     2,184 
        5  POULTRY AND EGGS                                     8                                       333 
        6  OTHER LIVESTOCK                                   -186                                      -466 
        7  CUSTOM FEEDING                                     656                                     3,389 
        8  FEED PURCHASED                                 -20,518                                   -30,193 
        9     LIVESTOCK INCOME                       $     62,449                              $    128,916 
      
       10  CORN                                            11,348                                    16,034 
       11  GRAIN SORGHUM                                   24,058                                    37,544 
       12  SOYBEANS                                        21,484                                    41,660 
       13  SUNFLOWERS                                         486                                     1,812 
       14  WHEAT                                           56,162                                    95,283 
       15  HAY AND FORAGE                                   7,468                                     6,936 
       16  OTHER CROP                                       2,556                                     2,910 
       17  GOVERNMENT PAYMENTS                             22,680                                    34,457 
       18  CROP INSURANCE PROCEEDS                          2,782                                     5,023 
       19  OTHER INCOME                                     9,856                                    15,804 
       20     VALUE OF FARM PRODUCTION               $    221,330                              $    386,378 
      
       21  HIRED LABOR                                      8,910                                    24,853 
       22  MACHINERY REPAIRS                               18,431                                    29,943 
       23  IRRIGATION REPAIRS                                 233                                       618 
       24  BUILDING REPAIRS                                 1,863                                     3,001 
       25  INTEREST PAID                                   13,707                                    21,865 
       26  SEED-OTHER CROP EXPENSE                         11,585                                    20,338 
       27  CROP INSURANCE                                   4,840                                     7,640 
       28  FERTILIZER-LIME                                 26,466                                    41,666 
       29  MACHINE HIRE                                     8,235                                    10,963 
       30  ORGANIZATION FEE, PUBLICATION                    2,599                                     3,507 
       31  VET-MED-DRUGS                                    3,077                                     6,547 
       32  CROP STORAGE-MARKETING                           1,091                                     2,847 
       33  LIVESTOCK MARKETING-BREEDING                     3,110                                     3,971 
       34  DAIRY EXPENSE                                    1,357                                     1,040 
       35  GAS-FUEL-OIL                                    11,520                                    18,856 
       36  IRRIGATION ENERGY                                  347                                       180 
       37  REAL ESTATE TAXES                                3,834                                     5,349 
       38  PERSONAL PROPERTY TAXES                            935                                     1,025 
       39  GENERAL FARM INSURANCE                           4,269                                     6,192 
       40  UTILITIES                                        4,043                                     6,530 
       41  CASH FARM RENT                                  15,149                                    36,460 
       42  HERBICIDE-INSECTICIDE                           13,099                                    22,901 
       43  CONSERVATION                                       460                                       501 
       44  AUTO EXPENSE                                     1,242                                       990 
       45     TOTAL OPERATING EXPENSE                $    160,400                              $    277,783 
      
       46  DEPRECIATION-MACHINERY                          17,254                                    30,862 
       47  DEPRECIATION-BUILDINGS                           1,761                                     3,345 
       48     TOTAL FARM EXPENSE                     $    179,416                              $    311,990 
      
       49     NET FARM INCOME                        $     41,914                              $     74,388 
      
       50  UNPAID FAMILY LABOR                              1,272                                     1,743 
       51  UNPAID OPERATOR LABOR                           28,127                                    31,069 
       52  MANAGEMENT CHARGE                               10,919                                    18,761 
       53  CURRENT ASSET CHARGE - 8%                        9,114                                    14,573 
       54  NONCURRENT ASSET CHARGE - 8%                    23,781                                    31,236 
       55  RETURN LABOR-MANAGEMENT                          7,747                                    26,837 
       56  RETURN TO CAPITAL                               15,304                                    44,680 
       57  ASSET TURNOVER RATIO                             .3353                                     .3951 
       58  OPERATING PROFIT MARGIN RATIO                    .0691                                     .1156 
       59  % RETURN ON ASSETS                               .0232                                     .0457 
       60  % RETURN ON EQUITY                               .0039                                     .0398 
       61  TOTAL EXPENSE RATIO                              .8106                                     .8075 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9928                                     .9410 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1414                                    1.0595 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          192,916               213,773             349,819               377,915    
       65  NONCURRENT ASSETS                       445,384               468,067             583,941               644,023    
       66  CURRENT LIABILITIES                      84,477                94,361             178,201               185,219    
       67  NONCURRENT LIABILITIES                  155,036               163,886             209,591               237,478    
       68  CURRENT RATIO                              2.28                  2.27                1.96                  2.04    
       69  DEBT TO ASSET RATIO                         .38                   .38                 .42                   .41    
      
       2004 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres             1,000 - 1,999 ACRES                      2,000 - 4,999 ACRES     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              50,494                                    98,456 
       71  MACHINERY AND EQUIPMENT                         52,601                                    88,994 
       72  MOTOR VEHICLES & LISTED PROPE                   90,559                                   148,410 
       73  BUILDINGS                                       17,603                                    30,505 
       74  OWNED LAND                                     282,701                                   325,406 
       75  TOTAL ASSETS                                   660,070                                   977,849 
       76  NET WORTH                                      411,190                                   572,605 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.04                                      1.15 
       78  NUMBER OF WORKERS                                 1.34                                      2.22 
       79  TOTAL WORK DAYS                                    279                                       472 
       80  VALUE FARM PRODUCTION/WORKER                   164,424                                   173,736 
       81  NET FARM INCOME/WORKER                          31,138                                    33,449 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   633,623                                   849,783 
       83  VALUE OF FARM PRODUCTION                       212,462                                   335,775 
       84  NET FARM INCOME                                 40,234                                    64,646 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.10                                      3.12 
       86  % TILLABLE LAND                                  70.67                                     56.70 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.16                                     27.06 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1449   115    539    93   1039   112       2838    71    776    57   2279    69    
       89  NON-IRRIGATED CROP ACRES         992   115    372    90    733   110       1559    71    511    54   1204    69    
       90  IRRIGATED CROP ACRES             215    17    109     6    214    14        209    17    177     5    167    16    
       91  TOTAL CROP ACRES                1024   115    379    90    760   110       1609    71    527    54   1243    69    
       92  PASTURE ACRES                    513    94    214    73    370    88       1272    68    306    50   1130    63    
       93  FARMSTEAD ACRES                   57    11     45     9     38     6         91     8     61     7     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1024          1031                        1609          1644  
       95  CROP MACHINERY INVESTMENT          119,512        116.75        115.89        195,176        121.30        118.75  
       96  CROP MACHINERY COST                 54,108         52.86         52.47         84,435         52.47         51.37  
       97  GROSS CROP VALUE                   191,318        186.89        185.52        310,291        192.84        188.79  
       98  CROP PRODUCTION COSTS              132,625        129.55        128.60        215,953        134.21        131.39  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            47    134     95   136.2   107   129.1     27    133    119   149.3   109   146.5  
      100  GRAIN SORGHUM                  104    245     96    93.4   196    92.5     69    313    162    97.3   240   100.3  
      101  SOYBEANS                        91    172    100    34.2   137    36.9     58    297    173    35.7   227    36.9  
      102  SUNFLOWERS                       7     83     62    20.0    84    17.0      8    106     54    16.7   106    14.0  
      103  WHEAT                          114    461    177    48.9   346    47.8     71    719    212    47.5   595    48.4  
      104  OTHER CROPS                     13     44     47            29              5    118                   61    
      105  ALFALFA                         76     73     39     3.7    74     3.3     61    121     48     3.5   114     3.6  
      106  OTHER HAY & FORAGE              89     89     52            69             61    170     78           136    
      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                            10    138                  148   187.9     10    143                  151   194.1  
      111  GRAIN SORGHUM                    7     70                   62   121.0   
      112  SOYBEANS                        14    113     82    48.0   100    49.2     14    136    125    46.5   117    49.0  
      113  SUNFLOWERS   
      114  WHEAT                            4    101  
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE                                                          6     48                   34    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           27                                        63 
      122  DAIRY COWS                                           4                                         5 
      123  EWES   
      124  SOWS                                                10                                         2 
      125  BEEF PURCH. FOR RESALE SALES                       102                                       185 
      126  SWINE PURCH. FOR RESALE SALES                       23 
      127  TURKEYS
      
      
       2004 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
                                                          7 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           554,800 
        2  DAIRY AND MILK                                     100 
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -9,100 
        7  CUSTOM FEEDING                                  30,984 
        8  FEED PURCHASED                                -307,048 
        9     LIVESTOCK INCOME                       $    269,737 
      
       10  CORN                                            22,499 
       11  GRAIN SORGHUM                                   84,706 
       12  SOYBEANS                                        51,738 
       13  SUNFLOWERS                                       5,170 
       14  WHEAT                                          159,179 
       15  HAY AND FORAGE                                  35,238 
       16  OTHER CROP                                        -196 
       17  GOVERNMENT PAYMENTS                             61,047 
       18  CROP INSURANCE PROCEEDS                         16,467 
       19  OTHER INCOME                                    68,300 
       20     VALUE OF FARM PRODUCTION               $    773,885 
      
       21  HIRED LABOR                                     36,119 
       22  MACHINERY REPAIRS                               48,089 
       23  IRRIGATION REPAIRS                               2,271 
       24  BUILDING REPAIRS                                 4,571 
       25  INTEREST PAID                                   63,856 
       26  SEED-OTHER CROP EXPENSE                         42,534 
       27  CROP INSURANCE                                  15,532 
       28  FERTILIZER-LIME                                 64,640 
       29  MACHINE HIRE                                    47,087 
       30  ORGANIZATION FEE, PUBLICATION                    6,769 
       31  VET-MED-DRUGS                                   18,974 
       32  CROP STORAGE-MARKETING                             306 
       33  LIVESTOCK MARKETING-BREEDING                     8,837 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    28,969 
       36  IRRIGATION ENERGY                                  666 
       37  REAL ESTATE TAXES                                5,756 
       38  PERSONAL PROPERTY TAXES                          2,005 
       39  GENERAL FARM INSURANCE                          12,479 
       40  UTILITIES                                        7,556 
       41  CASH FARM RENT                                 102,410 
       42  HERBICIDE-INSECTICIDE                           44,158 
       43  CONSERVATION                                       351 
       44  AUTO EXPENSE                                       543 
       45     TOTAL OPERATING EXPENSE                $    564,478 
      
       46  DEPRECIATION-MACHINERY                          51,204 
       47  DEPRECIATION-BUILDINGS                           3,924 
       48     TOTAL FARM EXPENSE                     $    619,607 
      
       49     NET FARM INCOME                        $    154,278 
      
       50  UNPAID FAMILY LABOR                                964 
       51  UNPAID OPERATOR LABOR                           42,429 
       52  MANAGEMENT CHARGE                               38,655 
       53  CURRENT ASSET CHARGE - 8%                       38,910 
       54  NONCURRENT ASSET CHARGE - 8%                     5,373 
       55  RETURN LABOR-MANAGEMENT                        109,030 
       56  RETURN TO CAPITAL                              136,085 
       57  ASSET TURNOVER RATIO                             .3921 
       58  OPERATING PROFIT MARGIN RATIO                    .1758 
       59  % RETURN ON ASSETS                               .0689 
       60  % RETURN ON EQUITY                               .1305 
       61  TOTAL EXPENSE RATIO                              .8006 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9067 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9639 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                        1,115,311             1,315,510    
       65  NONCURRENT ASSETS                       739,209               777,508    
       66  CURRENT LIABILITIES                     625,610               832,450    
       67  NONCURRENT LIABILITIES                  728,092               654,300    
       68  CURRENT RATIO                              1.78                  1.58    
       69  DEBT TO ASSET RATIO                         .73                   .71    
      
       2004 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             213,058 
       71  MACHINERY AND EQUIPMENT                        161,815 
       72  MOTOR VEHICLES & LISTED PROPE                  219,773 
       73  BUILDINGS                                       38,323 
       74  OWNED LAND                                     322,699 
       75  TOTAL ASSETS                                 1,973,769 
       76  NET WORTH                                      553,543 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.57 
       78  NUMBER OF WORKERS                                 2.18 
       79  TOTAL WORK DAYS                                    927 
       80  VALUE FARM PRODUCTION/WORKER                   354,065 
       81  NET FARM INCOME/WORKER                          70,585 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,256,035 
       83  VALUE OF FARM PRODUCTION                       492,472 
       84  NET FARM INCOME                                 98,177 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            9.72 
       86  % TILLABLE LAND                                  37.43 
       87  CROP MACH COST/TOT EXPENSE(%)                    19.66 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     7159     7   1009     5   6438     7     
       89  NON-IRRIGATED CROP ACRES        2419     7    444     5   2102     7     
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                2679     7    444     5   2362     7     
       92  PASTURE ACRES                   4479     7    565     5   4076     7     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2679          2643  
       95  CROP MACHINERY INVESTMENT          284,424        106.16        107.63   
       96  CROP MACHINERY COST                121,811         45.47         46.09   
       97  GROSS CROP VALUE                   473,717        176.82        179.26   
       98  CROP PRODUCTION COSTS              342,396        127.80        129.57   
      
       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    508                  543    74.1   
      101  SOYBEANS                         4    535  
      102  SUNFLOWERS   
      103  WHEAT                            7   1054     85    43.8   993    42.6   
      104  OTHER CROPS  
      105  ALFALFA                          6    234                  264     3.2   
      106  OTHER HAY & FORAGE               7    216    137           160     
      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                                           75 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                       799 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS