|
Back
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NW
INCOME AND EXPENSE ANALYSIS
**BY FARM TYPE CROP FARM CROP FARM IRRIGATED
123 FARMS 38 FARMS
ITEM PER FARM PER FARM
1 BEEF 25,110 46,349
2 DAIRY AND MILK 13- 10,819
3 SHEEP 2 164
4 SWINE 15-
5 POULTRY AND EGGS 1,991
6 OTHER LIVESTOCK 790- 247
7 CUSTOM FEEDING 669 4,777
8 FEED PURCHASED 7,737- 15,284-
9 LIVESTOCK INCOME $19,216 $47,072
10 CORN 68,075 213,362
11 GRAIN SORGHUM 11,975 6,677
12 SOYBEANS 10,428 15,575
13 SUNFLOWERS 6,765 10,680
14 WHEAT 19,112 23,668
15 HAY AND FORAGE 2,691 13,227
16 OTHER CROP 1,768 15,751
17 GOVERNMENT PAYMENTS 38,839 58,805
18 CROP INSURANCE PROCEEDS 78,591 51,576
19 OTHER INCOME 21,834 21,643
20 VALUE OF FARM PRODUCTION $279,293 $478,034
21 HIRED LABOR 11,923 17,869
22 MACHINERY REPAIRS 20,449 22,156
23 IRRIGATION REPAIRS 2,331 6,894
24 BUILDING REPAIRS 1,044 1,070
25 INTEREST PAID 15,041 26,497
26 SEED-OTHER CROP EXPENSE 18,623 40,323
27 CROP INSURANCE 13,480 15,444
28 FERTILIZER-LIME 23,468 38,342
29 MACHINE HIRE 12,568 25,323
30 ORGANIZATION FEE, PUBLICATION 3,022 4,484
31 VET-MED-DRUGS 863 1,549
32 CROP STORAGE-MARKETING 1,411 3,077
33 LIVESTOCK MARKETING-BREEDING 629 1,841
34 DAIRY EXPENSE 834
35 GAS-FUEL-OIL 14,133 22,965
36 IRRIGATION ENERGY 17,438 56,754
37 REAL ESTATE TAXES 4,393 4,411
38 PERSONAL PROPERTY TAXES 252 360
39 GENERAL FARM INSURANCE 5,223 7,204
40 UTILITIES 2,977 3,045
41 CASH FARM RENT 15,687 29,000
42 HERBICIDE-INSECTICIDE 24,173 35,940
43 CONSERVATION 208 113
44 AUTO EXPENSE 1,393 1,509
45 TOTAL OPERATING EXPENSE $210,728 $367,003
46 DEPRECIATION-MACHINERY 22,335 33,571
47 DEPRECIATION-BUILDINGS 1,797 1,958
48 TOTAL FARM EXPENSE $234,860 $402,532
49 NET FARM INCOME $44,434 $75,502
50 UNPAID FAMILY LABOR 2,524 2,428
51 UNPAID OPERATOR LABOR 20,415 19,824
52 MANAGEMENT CHARGE 11,924 18,032
53 CURRENT ASSET CHARGE - 8% 9,506 12,083
54 NONCURRENT ASSET CHARGE - 8% 34,630 37,847
55 RETURN LABOR-MANAGEMENT 2,227- 23,144
56 RETURN TO CAPITAL 24,612 61,716
57 ASSET TURNOVER RATIO .3350 .4316
58 OPERATING PROFIT MARGIN RATIO .0881 .1291
59 % RETURN ON ASSETS .0295 .0557
60 % RETURN ON EQUITY .0173 .0564
61 TOTAL EXPENSE RATIO .8409 .8421
62 ADJUSTED TOTAL EXPENSE RATIO .9657 .9263
63 ECONOMIC TOTAL EXPENSE RATIO 1.1238 1.0308
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 186,731 201,356 332,408 356,082
65 NONCURRENT ASSETS 616,746 662,748 724,046 802,798
66 CURRENT LIABILITIES 67,514 82,919 192,242 194,175
67 NONCURRENT LIABILITIES 190,965 222,782 269,765 310,895
68 CURRENT RATIO 2.77 2.43 1.73 1.83
69 DEBT TO ASSET RATIO .32 .35 .44 .44
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NW
ANALYSIS OF THE FARM BUSINESS
**BY FARM TYPE CROP FARM CROP FARM IRRIGATED
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 20,395 15,411
71 MACHINERY AND EQUIPMENT 87,975 133,747
72 MOTOR VEHICLES & LISTED PROPERTY 95,555 117,404
73 BUILDINGS 16,683 16,821
74 OWNED LAND 417,992 474,704
75 TOTAL ASSETS 833,790 1,107,667
76 NET WORTH 551,700 624,129
LABOR
77 NUMBER OF OPERATORS .75 .73
78 NUMBER OF WORKERS 1.16 1.37
79 TOTAL WORK DAYS 299 378
80 VALUE FARM PRODUCTION/WORKER 240,064 348,662
81 NET FARM INCOME/WORKER 38,193 55,069
PER OPERATOR BASIS
82 TOTAL ASSETS 1,102,755 1,508,650
83 VALUE OF FARM PRODUCTION 369,388 651,086
84 NET FARM INCOME 58,767 102,835
OTHER FACTORS
85 % CROP ACRES IRRIGATED 11.95 63.77
86 % TILLABLE LAND 83.32 87.40
87 CROP MACH COST/TOT EXPENSE(%) 30.16 27.32
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2782 123 1063 103 2074 117 1852 38 763 32 1351 34
89 NON-IRRIGATED CROP ACRES 2041 123 693 100 1594 114 849 38 304 31 737 31
90 IRRIGATED CROP ACRES 516 66 304 35 442 53 1032 38 408 29 830 33
91 TOTAL CROP ACRES 2318 123 800 100 1799 114 1619 38 665 32 1219 33
92 PASTURE ACRES 920 72 490 59 794 47 574 15 302 10 699 8
93 FARMSTEAD ACRES 26 33 21 30 39 6 28 9 20 7
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2318 1788 1619 1623
95 CROP MACHINERY INVESTMENT 174,613 75.33 97.65 238,610 147.41 147.02
96 CROP MACHINERY COST 70,824 30.56 39.61 109,980 67.95 67.77
97 GROSS CROP VALUE 238,002 102.68 133.11 421,429 260.36 259.67
98 CROP PRODUCTION COSTS 198,294 85.55 110.90 341,834 211.18 210.62
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 54 740 314 34.6 616 45.2 22 283 111 43.7 286 36.0
100 GRAIN SORGHUM 77 423 212 31.9 345 28.0 9 222 121 32.3 181 19.0
101 SOYBEANS 17 319 133 5.7 356 11.4
102 SUNFLOWERS 14 326 104 7.2 368 9.3
103 WHEAT 119 810 315 9.1 636 10.3 31 374 152 8.1 311 8.6
104 OTHER CROPS 7 104 89
105 ALFALFA 15 41 38 2.2 33 2.9
106 OTHER HAY & FORAGE 29 162 91 167
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 43 354 211 184.5 309 199.5 34 628 256 199.7 516 189.5
111 GRAIN SORGHUM 17 111 102 70.3 6 126 111 102.8
112 SOYBEANS 36 163 124 41.0 150 43.1 19 199 121 39.2 185 48.1
113 SUNFLOWERS 13 160 131 18.7 117 18.0 11 176 128 18.4 117 16.6
114 WHEAT 38 202 131 32.1 197 31.4 31 280 167 27.3 236 27.0
115 OTHER CROPS 12 143 85 128
116 ALFALFA 5 50 7 175 92 4.8 143 3.8
117 OTHER HAY & FORAGE 12 146 105 133 12 174 96 175
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 PURCHASED FOR RESALE SALES 17 66
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NW
INCOME AND EXPENSE ANALYSIS
**BY FARM TYPE CROP - COW HERD CROP - BEEF
20 FARMS 8 FARMS
ITEM PER FARM PER FARM
1 BEEF 138,168 166,490
2 DAIRY AND MILK
3 SHEEP
4 SWINE
5 POULTRY AND EGGS 18
6 OTHER LIVESTOCK 2,132 4,025-
7 CUSTOM FEEDING 72 8,110
8 FEED PURCHASED 12,478- 17,330-
9 LIVESTOCK INCOME $127,911 $153,245
10 CORN 174- 25,190
11 GRAIN SORGHUM 5,724 2,862
12 SOYBEANS 1,726 8,892
13 SUNFLOWERS 828
14 WHEAT 15,327 25,747
15 HAY AND FORAGE 2,583 1,014-
16 OTHER CROP 62 44-
17 GOVERNMENT PAYMENTS 17,393 34,779
18 CROP INSURANCE PROCEEDS 32,170 91,229
19 OTHER INCOME 5,127 10,395
20 VALUE OF FARM PRODUCTION $207,849 $352,110
21 HIRED LABOR 7,715 15,748
22 MACHINERY REPAIRS 15,405 32,716
23 IRRIGATION REPAIRS 492 222
24 BUILDING REPAIRS 1,011 5,233
25 INTEREST PAID 14,091 21,707
26 SEED-OTHER CROP EXPENSE 4,393 23,175
27 CROP INSURANCE 4,878 11,225
28 FERTILIZER-LIME 11,286 20,661
29 MACHINE HIRE 4,922 7,830
30 ORGANIZATION FEE, PUBLICATION 1,840 3,088
31 VET-MED-DRUGS 3,647 4,247
32 CROP STORAGE-MARKETING 477 2,906
33 LIVESTOCK MARKETING-BREEDING 2,225 2,474
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 11,827 19,275
36 IRRIGATION ENERGY 1,809 2,904
37 REAL ESTATE TAXES 4,158 6,734
38 PERSONAL PROPERTY TAXES 233 297
39 GENERAL FARM INSURANCE 3,429 4,868
40 UTILITIES 2,726 3,393
41 CASH FARM RENT 23,972 31,186
42 HERBICIDE-INSECTICIDE 8,290 38,639
43 CONSERVATION 76 38
44 AUTO EXPENSE 1,981 2,737
45 TOTAL OPERATING EXPENSE $130,880 $261,300
46 DEPRECIATION-MACHINERY 10,846 28,157
47 DEPRECIATION-BUILDINGS 1,339 2,930
48 TOTAL FARM EXPENSE $143,066 $292,388
49 NET FARM INCOME $64,784 $59,722
50 UNPAID FAMILY LABOR 2,250 3,094
51 UNPAID OPERATOR LABOR 23,625 28,013
52 MANAGEMENT CHARGE 14,599 15,812
53 CURRENT ASSET CHARGE - 8% 20,434 15,507
54 NONCURRENT ASSET CHARGE - 8% 25,427 28,494
55 RETURN LABOR-MANAGEMENT 16,673 12,628
56 RETURN TO CAPITAL 38,401 34,512
57 ASSET TURNOVER RATIO .2469 .3242
58 OPERATING PROFIT MARGIN RATIO .1848 .0980
59 % RETURN ON ASSETS .0456 .0318
60 % RETURN ON EQUITY .0424 .0233
61 TOTAL EXPENSE RATIO .6883 .8304
62 ADJUSTED TOTAL EXPENSE RATIO .8830 .9636
63 ECONOMIC TOTAL EXPENSE RATIO 1.1037 1.0886
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 327,125 342,895 350,486 356,173
65 NONCURRENT ASSETS 502,133 511,582 727,303 738,464
66 CURRENT LIABILITIES 88,006 71,175 183,885 135,104
67 NONCURRENT LIABILITIES 185,311 192,725 375,209 378,205
68 CURRENT RATIO 3.72 4.82 1.91 2.64
69 DEBT TO ASSET RATIO .33 .31 .52 .47
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, NW
ANALYSIS OF THE FARM BUSINESS
**BY FARM TYPE CROP - COW HERD CROP - BEEF
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 125,893 136,881
71 MACHINERY AND EQUIPMENT 36,997 88,144
72 MOTOR VEHICLES & LISTED PROPERTY 60,820 112,642
73 BUILDINGS 13,393 25,824
74 OWNED LAND 390,060 494,622
75 TOTAL ASSETS 841,867 1,086,213
76 NET WORTH 573,259 550,012
LABOR
77 NUMBER OF OPERATORS .87 1.03
78 NUMBER OF WORKERS 1.23 1.60
79 TOTAL WORK DAYS 259 464
80 VALUE FARM PRODUCTION/WORKER 168,983 220,069
81 NET FARM INCOME/WORKER 52,670 37,326
PER OPERATOR BASIS
82 TOTAL ASSETS 962,134 1,046,952
83 VALUE OF FARM PRODUCTION 237,542 339,383
84 NET FARM INCOME 74,039 57,564
OTHER FACTORS
85 % CROP ACRES IRRIGATED 5.21 4.48
86 % TILLABLE LAND 34.37 55.06
87 CROP MACH COST/TOT EXPENSE(%) 30.07 28.71
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3179 20 1050 18 2351 19 3810 8 1342 8 2468 8
89 NON-IRRIGATED CROP ACRES 1036 20 520 17 791 15 2004 8 738 8 1266 8
90 IRRIGATED CROP ACRES 142 8 93 6 116 5
91 TOTAL CROP ACRES 1093 20 522 18 830 15 2098 8 772 8 1326 8
92 PASTURE ACRES 2077 20 623 15 1789 18 1957 7 651 7 1523 6
93 FARMSTEAD ACRES 37 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1093 824 2098 1843
95 CROP MACHINERY INVESTMENT 78,149 71.53 94.87 163,609 77.99 88.75
96 CROP MACHINERY COST 43,023 39.38 52.23 83,959 40.02 45.54
97 GROSS CROP VALUE 84,123 77.00 102.12 184,454 87.93 100.06
98 CROP PRODUCTION COSTS 86,337 79.02 104.81 209,045 99.65 113.40
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 4 222 5 622 146 40.4 505 37.7
100 GRAIN SORGHUM 16 176 92 43.4 174 44.0 6 393 257 19.1 179 20.5
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 19 444 263 12.8 301 12.5 8 799 270 7.7 605 11.0
104 OTHER CROPS
105 ALFALFA 7 87 32 4.0 96 2.6 4 73 21 2.0
106 OTHER HAY & FORAGE 14 164 112 140 6 230 140
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 4 200 172
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 PURCHASED FOR RESALE SALES 38
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
|