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2004 DATA - NW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY Farm Size by Census Acres 181 - 499 ACRES 500 - 999 ACRES
7 FARMS 13 FARMS
ITEM PER FARM PER FARM
1 BEEF 961 40,654
2 DAIRY AND MILK -38
3 SHEEP 890
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 47 1,316
7 CUSTOM FEEDING 3,824
8 FEED PURCHASED -245 -16,826
9 LIVESTOCK INCOME $ 1,654 $ 28,929
10 CORN 1,718 34,977
11 GRAIN SORGHUM 1,651 9,330
12 SOYBEANS 3,960 9,218
13 SUNFLOWERS 6,589
14 WHEAT 10,692 9,348
15 HAY AND FORAGE 3,768 -1,058
16 OTHER CROP 18 1,523
17 GOVERNMENT PAYMENTS 7,177 17,056
18 CROP INSURANCE PROCEEDS 8,038 12,909
19 OTHER INCOME 3,146 9,587
20 VALUE OF FARM PRODUCTION $ 41,822 $ 138,408
21 HIRED LABOR 93 4,462
22 MACHINERY REPAIRS 4,509 9,049
23 IRRIGATION REPAIRS 2,263 682
24 BUILDING REPAIRS 411 673
25 INTEREST PAID 5,763 9,113
26 SEED-OTHER CROP EXPENSE 2,777 5,826
27 CROP INSURANCE 1,771 4,505
28 FERTILIZER-LIME 4,151 7,146
29 MACHINE HIRE 2,052 7,987
30 ORGANIZATION FEE, PUBLICATION 914 2,469
31 VET-MED-DRUGS 7 1,305
32 CROP STORAGE-MARKETING 31 299
33 LIVESTOCK MARKETING-BREEDING 69 298
34 DAIRY EXPENSE 2,438
35 GAS-FUEL-OIL 3,248 4,642
36 IRRIGATION ENERGY 4,066 7,200
37 REAL ESTATE TAXES 1,990 2,681
38 PERSONAL PROPERTY TAXES 143 282
39 GENERAL FARM INSURANCE 1,241 1,661
40 UTILITIES 1,025 1,133
41 CASH FARM RENT 566 11,499
42 HERBICIDE-INSECTICIDE 3,846 5,762
43 CONSERVATION 175
44 AUTO EXPENSE 623 1,140
45 TOTAL OPERATING EXPENSE $ 41,559 $ 92,426
46 DEPRECIATION-MACHINERY 7,246 9,204
47 DEPRECIATION-BUILDINGS 53 756
48 TOTAL FARM EXPENSE $ 48,858 $ 102,386
49 NET FARM INCOME $ -7,036 $ 36,022
50 UNPAID FAMILY LABOR 643 1,558
51 UNPAID OPERATOR LABOR 10,029 14,331
52 MANAGEMENT CHARGE 206 7,861
53 CURRENT ASSET CHARGE - 8% 3,740 8,191
54 NONCURRENT ASSET CHARGE - 8% 18,795 14,900
55 RETURN LABOR-MANAGEMENT -30,214 11,373
56 RETURN TO CAPITAL -12,150 21,386
57 ASSET TURNOVER RATIO .1050 .3230
58 OPERATING PROFIT MARGIN RATIO -.2905 .1545
59 % RETURN ON ASSETS -.0305 .0499
60 % RETURN ON EQUITY -.0636 .0425
61 TOTAL EXPENSE RATIO 1.1682 .7397
62 ADJUSTED TOTAL EXPENSE RATIO 1.4283 .9113
63 ECONOMIC TOTAL EXPENSE RATIO 1.9672 1.0782
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 65,244 71,244 122,422 138,848
65 NONCURRENT ASSETS 325,588 334,851 279,147 316,572
66 CURRENT LIABILITIES 23,479 19,510 16,776 39,717
67 NONCURRENT LIABILITIES 88,043 102,529 116,114 107,107
68 CURRENT RATIO 2.78 3.65 7.30 3.50
69 DEBT TO ASSET RATIO .29 .30 .33 .32
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2004 DATA - NW 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 768 12,741
71 MACHINERY AND EQUIPMENT 28,479 33,850
72 MOTOR VEHICLES & LISTED PROPE 26,734 39,146
73 BUILDINGS 683 6,202
74 OWNED LAND 271,893 213,135
75 TOTAL ASSETS 398,464 428,494
76 NET WORTH 281,683 288,637
LABOR
77 NUMBER OF OPERATORS .37 .53
78 NUMBER OF WORKERS .41 .67
79 TOTAL WORK DAYS 41 88
80 VALUE FARM PRODUCTION/WORKER 100,949 204,467
81 NET FARM INCOME/WORKER -16,984 53,214
PER OPERATOR BASIS
82 TOTAL ASSETS 1,072,786 807,308
83 VALUE OF FARM PRODUCTION 112,597 260,769
84 NET FARM INCOME -18,944 67,868
OTHER FACTORS
85 % CROP ACRES IRRIGATED 14.22 26.21
86 % TILLABLE LAND 91.65 76.07
87 CROP MACH COST/TOT EXPENSE(%) 43.34 32.22
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 381 7 375 5 159 5 703 13 455 11 375 11
89 NON-IRRIGATED CROP ACRES 300 7 273 5 427 12 325 10 208 9
90 IRRIGATED CROP ACRES 260 7 227 5
91 TOTAL CROP ACRES 350 7 343 5 579 12 394 10 334 9
92 PASTURE ACRES 298 7 163 6
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 350 273 534 429
95 CROP MACHINERY INVESTMENT 54,916 157.09 201.42 65,849 123.21 153.40
96 CROP MACHINERY COST 21,177 60.58 77.67 32,987 61.72 76.85
97 GROSS CROP VALUE 32,431 92.77 118.95 93,042 174.09 216.75
98 CROP PRODUCTION COSTS 43,557 124.60 159.76 96,050 165.89 206.55
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 6 160 170 57.4 70 65.4
100 GRAIN SORGHUM 4 75 7 195 220 42.6
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 7 145 122 23.1 8 133 92 6.5 101 14.8
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE
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 4 203 121 203.1
111 GRAIN SORGHUM
112 SOYBEANS 4 125
113 SUNFLOWERS
114 WHEAT 4 84
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
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 26
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2004 DATA - NW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY Farm Size by Census Acres 1,000 - 1,999 ACRES 2,000 - 4,999 ACRES
60 FARMS 87 FARMS
ITEM PER FARM PER FARM
1 BEEF 24,515 74,964
2 DAIRY AND MILK 6,852 -9
3 SHEEP 3,868 -5
4 SWINE -50
5 POULTRY AND EGGS 3,613 327
6 OTHER LIVESTOCK -1,258 -50
7 CUSTOM FEEDING 2,221 945
8 FEED PURCHASED -6,312 -19,770
9 LIVESTOCK INCOME $ 33,500 $ 56,353
10 CORN 54,613 76,814
11 GRAIN SORGHUM 7,751 10,643
12 SOYBEANS 5,156 10,754
13 SUNFLOWERS 3,424 3,818
14 WHEAT 18,408 17,053
15 HAY AND FORAGE 6,947 3,603
16 OTHER CROP 3,955 2,506
17 GOVERNMENT PAYMENTS 26,417 36,509
18 CROP INSURANCE PROCEEDS 32,669 75,548
19 OTHER INCOME 14,029 19,115
20 VALUE OF FARM PRODUCTION $ 206,869 $ 312,715
21 HIRED LABOR 3,402 14,270
22 MACHINERY REPAIRS 15,982 22,998
23 IRRIGATION REPAIRS 2,000 2,548
24 BUILDING REPAIRS 803 1,230
25 INTEREST PAID 13,374 20,466
26 SEED-OTHER CROP EXPENSE 11,700 18,966
27 CROP INSURANCE 7,079 12,978
28 FERTILIZER-LIME 13,437 25,943
29 MACHINE HIRE 8,365 14,659
30 ORGANIZATION FEE, PUBLICATION 2,650 3,311
31 VET-MED-DRUGS 1,060 1,947
32 CROP STORAGE-MARKETING 594 1,370
33 LIVESTOCK MARKETING-BREEDING 1,102 1,350
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 12,708 16,117
36 IRRIGATION ENERGY 16,839 20,175
37 REAL ESTATE TAXES 3,336 4,604
38 PERSONAL PROPERTY TAXES 296 260
39 GENERAL FARM INSURANCE 3,830 5,915
40 UTILITIES 2,079 4,352
41 CASH FARM RENT 10,970 18,482
42 HERBICIDE-INSECTICIDE 16,299 24,124
43 CONSERVATION 55 152
44 AUTO EXPENSE 1,451 1,446
45 TOTAL OPERATING EXPENSE $ 149,410 $ 237,663
46 DEPRECIATION-MACHINERY 17,878 22,555
47 DEPRECIATION-BUILDINGS 1,047 1,975
48 TOTAL FARM EXPENSE $ 168,335 $ 262,193
49 NET FARM INCOME $ 38,534 $ 50,522
50 UNPAID FAMILY LABOR 1,875 2,612
51 UNPAID OPERATOR LABOR 19,575 21,569
52 MANAGEMENT CHARGE 9,486 13,607
53 CURRENT ASSET CHARGE - 8% 6,746 12,308
54 NONCURRENT ASSET CHARGE - 8% 21,456 37,555
55 RETURN LABOR-MANAGEMENT 8,457 -1,953
56 RETURN TO CAPITAL 20,973 33,201
57 ASSET TURNOVER RATIO .3432 .3161
58 OPERATING PROFIT MARGIN RATIO .1014 .1062
59 % RETURN ON ASSETS .0348 .0336
60 % RETURN ON EQUITY .0216 .0204
61 TOTAL EXPENSE RATIO .8137 .8384
62 ADJUSTED TOTAL EXPENSE RATIO .9633 .9593
63 ECONOMIC TOTAL EXPENSE RATIO 1.0996 1.1187
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 154,226 166,914 279,739 304,326
65 NONCURRENT ASSETS 430,396 453,951 674,463 719,910
66 CURRENT LIABILITIES 80,536 71,949 127,240 149,116
67 NONCURRENT LIABILITIES 164,117 183,843 215,061 240,444
68 CURRENT RATIO 1.91 2.32 2.20 2.04
69 DEBT TO ASSET RATIO .42 .41 .36 .38
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2004 DATA - NW 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 25,738 45,672
71 MACHINERY AND EQUIPMENT 64,715 88,331
72 MOTOR VEHICLES & LISTED PROPE 77,801 97,090
73 BUILDINGS 11,132 17,902
74 OWNED LAND 280,076 476,961
75 TOTAL ASSETS 602,744 989,219
76 NET WORTH 352,522 623,289
LABOR
77 NUMBER OF OPERATORS .72 .79
78 NUMBER OF WORKERS .90 1.28
79 TOTAL WORK DAYS 195 338
80 VALUE FARM PRODUCTION/WORKER 228,585 244,221
81 NET FARM INCOME/WORKER 42,579 39,456
PER OPERATOR BASIS
82 TOTAL ASSETS 831,371 1,238,303
83 VALUE OF FARM PRODUCTION 285,337 391,456
84 NET FARM INCOME 53,151 63,244
OTHER FACTORS
85 % CROP ACRES IRRIGATED 25.58 16.91
86 % TILLABLE LAND 83.10 72.35
87 CROP MACH COST/TOT EXPENSE(%) 32.15 29.20
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1430 60 578 53 984 56 3100 87 1174 76 2148 84
89 NON-IRRIGATED CROP ACRES 884 60 321 52 699 52 1907 85 715 71 1375 81
90 IRRIGATED CROP ACRES 536 34 284 22 461 26 623 53 306 34 513 44
91 TOTAL CROP ACRES 1188 60 441 52 895 54 2295 85 838 73 1654 81
92 PASTURE ACRES 428 33 255 29 355 19 1212 61 566 49 1050 44
93 FARMSTEAD ACRES 24 15 23 15 26 23 16 20 53 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1188 946 2243 1740
95 CROP MACHINERY INVESTMENT 133,533 112.40 141.15 170,820 76.17 98.20
96 CROP MACHINERY COST 54,119 45.55 57.21 76,554 34.13 44.01
97 GROSS CROP VALUE 164,909 138.80 174.31 253,423 111.70 144.01
98 CROP PRODUCTION COSTS 135,728 114.24 143.47 211,009 94.09 121.30
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 18 228 92 38.7 216 30.4 37 648 278 32.5 542 39.9
100 GRAIN SORGHUM 34 261 98 36.2 220 32.2 50 418 230 28.4 324 29.0
101 SOYBEANS 10 126 60 7.7 145 14.9
102 SUNFLOWERS 8 143 130 9.2
103 WHEAT 56 401 163 12.0 315 14.1 82 771 317 8.1 562 8.6
104 OTHER CROPS 6 78 71
105 ALFALFA 11 45 21 2.4 51 2.5 9 32 55 2.2 14 2.4
106 OTHER HAY & FORAGE 16 81 61 68 31 186 115 163
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 24 371 204 171.0 325 182.5 38 406 218 200.7 350 200.7
111 GRAIN SORGHUM 7 86 70 77.8 10 127 126 76.5
112 SOYBEANS 11 145 102 21.3 149 54.8 27 163 105 41.9 152 40.5
113 SUNFLOWERS 10 149 135 15.4 102 16.5 11 176 128 17.0 130 17.2
114 WHEAT 19 158 97 35.5 156 24.8 32 255 184 27.0 208 28.7
115 OTHER CROPS 8 163 76 167 5 93 70
116 ALFALFA 5 220 107 4.9 9 51 44 4.5 32 5.7
117 OTHER HAY & FORAGE 7 143 105 119 15 148 94 122
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 1 89
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2004 DATA - NW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY Farm Size by Census Acres > 5,000 ACRES
20 FARMS
ITEM PER FARM PER FARM
1 BEEF 122,606
2 DAIRY AND MILK
3 SHEEP
4 SWINE 123
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 13
7 CUSTOM FEEDING 3,244
8 FEED PURCHASED -20,268
9 LIVESTOCK INCOME $ 105,719
10 CORN 156,126
11 GRAIN SORGHUM 27,873
12 SOYBEANS 16,600
13 SUNFLOWERS 17,521
14 WHEAT 35,807
15 HAY AND FORAGE 2,833
16 OTHER CROP 5,004
17 GOVERNMENT PAYMENTS 99,208
18 CROP INSURANCE PROCEEDS 165,982
19 OTHER INCOME 45,518
20 VALUE OF FARM PRODUCTION $ 678,190
21 HIRED LABOR 36,005
22 MACHINERY REPAIRS 41,132
23 IRRIGATION REPAIRS 4,280
24 BUILDING REPAIRS 2,192
25 INTEREST PAID 33,565
26 SEED-OTHER CROP EXPENSE 42,581
27 CROP INSURANCE 29,372
28 FERTILIZER-LIME 52,946
29 MACHINE HIRE 25,490
30 ORGANIZATION FEE, PUBLICATION 4,609
31 VET-MED-DRUGS 2,523
32 CROP STORAGE-MARKETING 3,160
33 LIVESTOCK MARKETING-BREEDING 2,042
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 26,670
36 IRRIGATION ENERGY 37,430
37 REAL ESTATE TAXES 9,898
38 PERSONAL PROPERTY TAXES 774
39 GENERAL FARM INSURANCE 11,120
40 UTILITIES 5,283
41 CASH FARM RENT 53,581
42 HERBICIDE-INSECTICIDE 58,707
43 CONSERVATION 501
44 AUTO EXPENSE 2,240
45 TOTAL OPERATING EXPENSE $ 486,102
46 DEPRECIATION-MACHINERY 47,175
47 DEPRECIATION-BUILDINGS 5,407
48 TOTAL FARM EXPENSE $ 538,684
49 NET FARM INCOME $ 139,506
50 UNPAID FAMILY LABOR 3,375
51 UNPAID OPERATOR LABOR 30,105
52 MANAGEMENT CHARGE 32,391
53 CURRENT ASSET CHARGE - 8% 25,507
54 NONCURRENT ASSET CHARGE - 8% 70,772
55 RETURN LABOR-MANAGEMENT 39,851
56 RETURN TO CAPITAL 107,199
57 ASSET TURNOVER RATIO .3534
58 OPERATING PROFIT MARGIN RATIO .1581
59 % RETURN ON ASSETS .0559
60 % RETURN ON EQUITY .0612
61 TOTAL EXPENSE RATIO .7943
62 ADJUSTED TOTAL EXPENSE RATIO .8914
63 ECONOMIC TOTAL EXPENSE RATIO 1.0334
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 472,727 529,756
65 NONCURRENT ASSETS 1,380,124 1,455,573
66 CURRENT LIABILITIES 169,492 195,308
67 NONCURRENT LIABILITIES 506,566 559,829
68 CURRENT RATIO 2.79 2.71
69 DEBT TO ASSET RATIO .36 .38
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2004 DATA - NW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY Farm Size by Census Acres > 5,000 ACRES
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 96,540
71 MACHINERY AND EQUIPMENT 180,187
72 MOTOR VEHICLES & LISTED PROPE 182,795
73 BUILDINGS 47,988
74 OWNED LAND 921,528
75 TOTAL ASSETS 1,919,090
76 NET WORTH 1,203,492
LABOR
77 NUMBER OF OPERATORS 1.11
78 NUMBER OF WORKERS 2.17
79 TOTAL WORK DAYS 700
80 VALUE FARM PRODUCTION/WORKER 311,812
81 NET FARM INCOME/WORKER 64,140
PER OPERATOR BASIS
82 TOTAL ASSETS 1,721,157
83 VALUE OF FARM PRODUCTION 608,242
84 NET FARM INCOME 125,117
OTHER FACTORS
85 % CROP ACRES IRRIGATED 11.35
86 % TILLABLE LAND 65.07
87 CROP MACH COST/TOT EXPENSE(%) 25.56
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 6892 20 2275 18 4845 20
89 NON-IRRIGATED CROP ACRES 3975 20 1317 18 2937 19
90 IRRIGATED CROP ACRES 727 14 397 9 508 13
91 TOTAL CROP ACRES 4484 20 1515 18 3284 19
92 PASTURE ACRES 2820 17 1223 11 2298 15
93 FARMSTEAD ACRES 37 6 34 6
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 4484 3625
95 CROP MACHINERY INVESTMENT 340,504 75.93 93.92
96 CROP MACHINERY COST 137,663 30.70 37.97
97 GROSS CROP VALUE 497,875 111.03 137.33
98 CROP PRODUCTION COSTS 428,639 95.59 118.24
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 15 1028 376 43.1 753 45.3
100 GRAIN SORGHUM 11 909 618 26.3 572 31.8
101 SOYBEANS 5 530 522 6.1
102 SUNFLOWERS
103 WHEAT 18 1658 631 5.4 1132 8.0
104 OTHER CROPS 4 99
105 ALFALFA 5 119 68 2.5
106 OTHER HAY & FORAGE 7 153 107 161
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 7 778 310 202.5 557 195.1
111 GRAIN SORGHUM
112 SOYBEANS 7 210 133 45.1 136 43.6
113 SUNFLOWERS
114 WHEAT 8 258 117 26.6 249 32.1
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE 7 146 63 193
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 26
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 72
126 SWINE PURCH. FOR RESALE SALES 1
127 TURKEYS
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