Southwest KFMA
Association Reports

Back
Printer Friendly Version
      
       2004 DATA - SW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres               181 - 499 ACRES                          500 - 999 ACRES 
                                                         13 FARMS                                  34 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            13,274                                     3,120 
        2  DAIRY AND MILK                                                                               -13 
        3  SHEEP                                              150                                         4 
        4  SWINE                                                                                          9 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                     -8                                       -18 
        7  CUSTOM FEEDING                                                                            15,318 
        8  FEED PURCHASED                                  -6,181                                    -1,938 
        9     LIVESTOCK INCOME                       $      7,236                              $     16,483 
      
       10  CORN                                            14,943                                    56,567 
       11  GRAIN SORGHUM                                    3,565                                     6,288 
       12  SOYBEANS                                                                                   8,414 
       13  SUNFLOWERS                                                                                 2,132 
       14  WHEAT                                            8,987                                    16,245 
       15  HAY AND FORAGE                                  10,909                                    14,139 
       16  OTHER CROP                                                                                 1,361 
       17  GOVERNMENT PAYMENTS                             11,587                                    22,771 
       18  CROP INSURANCE PROCEEDS                            545                                     8,702 
       19  OTHER INCOME                                    16,294                                     5,402 
       20     VALUE OF FARM PRODUCTION               $     74,066                              $    158,504 
      
       21  HIRED LABOR                                      2,878                                     6,542 
       22  MACHINERY REPAIRS                                7,493                                    12,069 
       23  IRRIGATION REPAIRS                               1,322                                     3,694 
       24  BUILDING REPAIRS                                   218                                     1,059 
       25  INTEREST PAID                                    3,581                                     9,615 
       26  SEED-OTHER CROP EXPENSE                          2,587                                    10,828 
       27  CROP INSURANCE                                   1,500                                     3,864 
       28  FERTILIZER-LIME                                  5,762                                    14,574 
       29  MACHINE HIRE                                     4,306                                    10,338 
       30  ORGANIZATION FEE, PUBLICATION                    1,741                                     1,995 
       31  VET-MED-DRUGS                                      806                                        42 
       32  CROP STORAGE-MARKETING                             136                                       550 
       33  LIVESTOCK MARKETING-BREEDING                       474                                        94 
       34  DAIRY EXPENSE                                                                                  3 
       35  GAS-FUEL-OIL                                     2,966                                     8,542 
       36  IRRIGATION ENERGY                                7,402                                    14,743 
       37  REAL ESTATE TAXES                                2,519                                     3,421 
       38  PERSONAL PROPERTY TAXES                            802                                       386 
       39  GENERAL FARM INSURANCE                           2,965                                     3,125 
       40  UTILITIES                                        2,705                                     2,640 
       41  CASH FARM RENT                                   1,103                                     2,276 
       42  HERBICIDE-INSECTICIDE                            3,905                                    11,087 
       43  CONSERVATION                                                                               1,205 
       44  AUTO EXPENSE                                     1,115                                     1,271 
       45     TOTAL OPERATING EXPENSE                $     58,284                              $    123,964 
      
       46  DEPRECIATION-MACHINERY                           9,985                                    10,681 
       47  DEPRECIATION-BUILDINGS                           1,181                                     5,809 
       48     TOTAL FARM EXPENSE                     $     69,450                              $    140,454 
      
       49     NET FARM INCOME                        $      4,616                              $     18,050 
      
       50  UNPAID FAMILY LABOR
       51  UNPAID OPERATOR LABOR                           14,538                                    20,885 
       52  MANAGEMENT CHARGE                                2,424                                     5,442 
       53  CURRENT ASSET CHARGE - 8%                        4,281                                     3,839 
       54  NONCURRENT ASSET CHARGE - 8%                    14,592                                    16,175 
       55  RETURN LABOR-MANAGEMENT                        -14,257                                    -1,964 
       56  RETURN TO CAPITAL                               -8,766                                     1,338 
       57  ASSET TURNOVER RATIO                             .2462                                     .3674 
       58  OPERATING PROFIT MARGIN RATIO                   -.1184                                     .0084 
       59  % RETURN ON ASSETS                              -.0291                                     .0031 
       60  % RETURN ON EQUITY                              -.0523                                    -.0331 
       61  TOTAL EXPENSE RATIO                              .9377                                     .8861 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1667                                    1.0522 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.4215                                    1.1785 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           74,210                79,500              93,927                87,675    
       65  NONCURRENT ASSETS                       231,182               216,789             338,129               343,096    
       66  CURRENT LIABILITIES                      22,683                23,990              31,757                53,874    
       67  NONCURRENT LIABILITIES                   45,274                37,901             138,281               138,572    
       68  CURRENT RATIO                              3.27                  3.31                2.96                  1.63    
       69  DEBT TO ASSET RATIO                         .22                   .21                 .39                   .45    
      
       2004 DATA - SW 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                               1,980                                     2,399 
       71  MACHINERY AND EQUIPMENT                         54,040                                    57,807 
       72  MOTOR VEHICLES & LISTED PROPE                   38,558                                    37,389 
       73  BUILDINGS                                       12,053                                    51,742 
       74  OWNED LAND                                     109,964                                   177,417 
       75  TOTAL ASSETS                                   300,840                                   431,413 
       76  NET WORTH                                      235,916                                   250,171 
      
       LABOR
       77  NUMBER OF OPERATORS                                .53                                       .77 
       78  NUMBER OF WORKERS                                  .63                                       .97 
       79  TOTAL WORK DAYS                                     57                                       124 
       80  VALUE FARM PRODUCTION/WORKER                   117,421                                   162,323 
       81  NET FARM INCOME/WORKER                           7,318                                    18,485 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   558,704                                   557,721 
       83  VALUE OF FARM PRODUCTION                       137,551                                   204,910 
       84  NET FARM INCOME                                  8,572                                    23,334 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           14.26                                     45.65 
       86  % TILLABLE LAND                                  81.96                                     89.77 
       87  CROP MACH COST/TOT EXPENSE(%)                    31.82                                     34.57 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      396    13    247    10    269    10        726    34    429    24    496    29    
       89  NON-IRRIGATED CROP ACRES         278    13    166    10    245     8        430    28    269    20    317    21    
       90  IRRIGATED CROP ACRES                                                        460    22    233    14    457    15    
       91  TOTAL CROP ACRES                 325    13    209    10    266     8        652    34    376    23    501    27    
       92  PASTURE ACRES                    146     6                                  206    11    195     8    100     7    
       93  FARMSTEAD ACRES                    9     6      8     5                      16    16      9    10     19     9    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           325           167                         652           491  
       95  CROP MACHINERY INVESTMENT           90,662        279.16        541.84         91,791        140.76        186.95  
       96  CROP MACHINERY COST                 22,098         68.04        132.07         48,553         74.45         98.89  
       97  GROSS CROP VALUE                    49,865        153.54        298.02        149,247        228.86        303.96  
       98  CROP PRODUCTION COSTS               64,197        197.67        383.67        130,865        200.68        266.53  
      
       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                    4    110                                  15     98     66    46.9    79    61.3  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                            8    124                  121    41.9     22    207    114    30.6   168    26.6  
      104  OTHER CROPS  
      105  ALFALFA
      106  OTHER HAY & FORAGE               4     32  
      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                                                                       16    285    176   209.7   280   215.4  
      111  GRAIN SORGHUM                                                               5    102 
      112  SOYBEANS                                                                    8    151    112    48.4   153    52.9  
      113  SUNFLOWERS   
      114  WHEAT                                                                       8    219                  225    55.6  
      115  OTHER CROPS  
      116  ALFALFA                                                                     9    168    100     4.6   202     5.0  
      117  OTHER HAY & FORAGE 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                            2 
      122  DAIRY COWS   
      123  EWES                                                 1 
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        43                                         4 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2004 DATA - SW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres             1,000 - 1,999 ACRES                      2,000 - 4,999 ACRES     
                                                         68 FARMS                                  78 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            26,998                                    45,114 
        2  DAIRY AND MILK                                      24                                     3,800 
        3  SHEEP                                            1,829 
        4  SWINE                                               24                                         1 
        5  POULTRY AND EGGS                                 2,268 
        6  OTHER LIVESTOCK                                 -1,227                                      -262 
        7  CUSTOM FEEDING                                   2,083                                     8,138 
        8  FEED PURCHASED                                 -10,153                                   -11,309 
        9     LIVESTOCK INCOME                       $     21,845                              $     45,483 
      
       10  CORN                                            60,715                                    77,757 
       11  GRAIN SORGHUM                                   14,718                                    20,844 
       12  SOYBEANS                                         9,996                                     9,659 
       13  SUNFLOWERS                                          38                                     1,243 
       14  WHEAT                                           32,777                                    56,861 
       15  HAY AND FORAGE                                   9,282                                    16,690 
       16  OTHER CROP                                       2,466                                     2,005 
       17  GOVERNMENT PAYMENTS                             32,256                                    46,830 
       18  CROP INSURANCE PROCEEDS                         14,636                                    18,200 
       19  OTHER INCOME                                    18,631                                    28,648 
       20     VALUE OF FARM PRODUCTION               $    217,361                              $    324,223 
      
       21  HIRED LABOR                                      8,469                                    20,472 
       22  MACHINERY REPAIRS                               21,773                                    26,849 
       23  IRRIGATION REPAIRS                               3,728                                     4,379 
       24  BUILDING REPAIRS                                   753                                     1,450 
       25  INTEREST PAID                                    8,674                                    16,221 
       26  SEED-OTHER CROP EXPENSE                         15,432                                    22,404 
       27  CROP INSURANCE                                   6,307                                    10,206 
       28  FERTILIZER-LIME                                 18,331                                    30,894 
       29  MACHINE HIRE                                    12,494                                    21,169 
       30  ORGANIZATION FEE, PUBLICATION                    2,944                                     3,431 
       31  VET-MED-DRUGS                                    1,512                                     2,746 
       32  CROP STORAGE-MARKETING                             731                                     1,510 
       33  LIVESTOCK MARKETING-BREEDING                       896                                     1,445 
       34  DAIRY EXPENSE                                                                                 36 
       35  GAS-FUEL-OIL                                    10,973                                    18,042 
       36  IRRIGATION ENERGY                               19,292                                    22,342 
       37  REAL ESTATE TAXES                                3,028                                     4,714 
       38  PERSONAL PROPERTY TAXES                          1,008                                     1,171 
       39  GENERAL FARM INSURANCE                           3,747                                     6,315 
       40  UTILITIES                                        3,512                                     5,075 
       41  CASH FARM RENT                                   6,279                                    10,081 
       42  HERBICIDE-INSECTICIDE                           14,048                                    26,226 
       43  CONSERVATION                                        68                                       186 
       44  AUTO EXPENSE                                       795                                       801 
       45     TOTAL OPERATING EXPENSE                $    164,794                              $    258,163 
      
       46  DEPRECIATION-MACHINERY                          13,857                                    25,102 
       47  DEPRECIATION-BUILDINGS                           1,198                                     1,766 
       48     TOTAL FARM EXPENSE                     $    179,849                              $    285,031 
      
       49     NET FARM INCOME                        $     37,512                              $     39,192 
      
       50  UNPAID FAMILY LABOR                              1,853                                     1,471 
       51  UNPAID OPERATOR LABOR                           25,253                                    28,765 
       52  MANAGEMENT CHARGE                                9,575                                    12,151 
       53  CURRENT ASSET CHARGE - 8%                        5,308                                     9,222 
       54  NONCURRENT ASSET CHARGE - 8%                    26,652                                    42,183 
       55  RETURN LABOR-MANAGEMENT                          3,699                                   -13,685 
       56  RETURN TO CAPITAL                                9,505                                    13,026 
       57  ASSET TURNOVER RATIO                             .3870                                     .3359 
       58  OPERATING PROFIT MARGIN RATIO                    .0437                                     .0402 
       59  % RETURN ON ASSETS                               .0169                                     .0135 
       60  % RETURN ON EQUITY                               .0021                                    -.0050 
       61  TOTAL EXPENSE RATIO                              .8274                                     .8791 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9962                                    1.0099 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1432                                    1.1684 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          135,448               143,584             237,818               257,447    
       65  NONCURRENT ASSETS                       417,003               427,300             707,534               727,486    
       66  CURRENT LIABILITIES                      70,020                76,322             127,541               137,166    
       67  NONCURRENT LIABILITIES                   85,750                92,253             185,523               194,922    
       68  CURRENT RATIO                              1.93                  1.88                1.86                  1.88    
       69  DEBT TO ASSET RATIO                         .28                   .30                 .33                   .34    
      
       2004 DATA - SW 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                              10,360                                    26,604 
       71  MACHINERY AND EQUIPMENT                         65,589                                   113,110 
       72  MOTOR VEHICLES & LISTED PROPE                   65,081                                   106,446 
       73  BUILDINGS                                       14,038                                    20,351 
       74  OWNED LAND                                     246,724                                   445,563 
       75  TOTAL ASSETS                                   561,668                                   965,143 
       76  NET WORTH                                      399,495                                   642,566 
      
       LABOR
       77  NUMBER OF OPERATORS                                .93                                      1.06 
       78  NUMBER OF WORKERS                                 1.17                                      1.72 
       79  TOTAL WORK DAYS                                    206                                       371 
       80  VALUE FARM PRODUCTION/WORKER                   185,220                                   188,165 
       81  NET FARM INCOME/WORKER                          31,965                                    22,745 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   600,525                                   905,910 
       83  VALUE OF FARM PRODUCTION                       232,398                                   304,325 
       84  NET FARM INCOME                                 40,107                                    36,787 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           26.74                                     19.59 
       86  % TILLABLE LAND                                  89.27                                     79.11 
       87  CROP MACH COST/TOT EXPENSE(%)                    33.15                                     33.16 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1451    68    699    53   1027    60       3119    78   1193    67   2208    74    
       89  NON-IRRIGATED CROP ACRES         963    67    504    51    706    55       2010    77    718    66   1491    72    
       90  IRRIGATED CROP ACRES             535    44    264    20    508    36        802    47    330    28    813    35    
       91  TOTAL CROP ACRES                1295    68    596    52    984    58       2500    77    858    66   1886    72    
       92  PASTURE ACRES                    300    33    242    24    241    17       1119    44    665    34    859    31    
       93  FARMSTEAD ACRES                   25    27     15    18     22    18         45    35     22    29     41    23    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1295           819                        2468          1514  
       95  CROP MACHINERY INVESTMENT          121,800         94.04        148.69        204,891         83.03        135.29  
       96  CROP MACHINERY COST                 59,623         46.03         72.79         94,526         38.31         62.42  
       97  GROSS CROP VALUE                   210,105        162.22        256.49        308,436        124.99        203.67  
       98  CROP PRODUCTION COSTS              160,279        123.75        195.67        253,318        100.03        162.98  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                                                                        8    182    136   102.0   160    98.3  
      100  GRAIN SORGHUM                   36    250    128    54.1   236    53.3     53    377    134    70.8   335    57.0  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           58    376    202    29.6   319    28.3     74    743    298    26.7   586    25.4  
      104  OTHER CROPS  
      105  ALFALFA                                                                     6    175                  180     3.4  
      106  OTHER HAY & FORAGE              11     48     54                           26     77     53            72    
      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                            33    342    140   188.9   364   216.6     30    459    172   196.0   502   205.8  
      111  GRAIN SORGHUM                   15    137    108   124.0   141   107.0     23    153    125   116.2   136   114.1  
      112  SOYBEANS                        14    178    157    54.7   129    66.3     18    230    101    43.5   222    50.3  
      113  SUNFLOWERS                                                                  5    140                  140    15.1  
      114  WHEAT                           28    171    127    36.7   166    49.4     34    274    170    36.8   251    49.2  
      115  OTHER CROPS                      4    139                  128              5    240                  231    
      116  ALFALFA                          7    243                  198     5.3     14    244    155     5.2   234     5.0  
      117  OTHER HAY & FORAGE               6    141     46                           17    136     83           142    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                            2                                        22 
      122  DAIRY COWS                                                                                     2 
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        65                                       125 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2004 DATA - SW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
                                                         18 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           132,476 
        2  DAIRY AND MILK     
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                    350 
        7  CUSTOM FEEDING                                   2,264 
        8  FEED PURCHASED                                 -27,376 
        9     LIVESTOCK INCOME                       $    107,715 
      
       10  CORN                                           120,710 
       11  GRAIN SORGHUM                                   24,881 
       12  SOYBEANS                                        10,057 
       13  SUNFLOWERS   
       14  WHEAT                                           99,368 
       15  HAY AND FORAGE                                   3,920 
       16  OTHER CROP                                       8,400 
       17  GOVERNMENT PAYMENTS                             73,129 
       18  CROP INSURANCE PROCEEDS                         33,752 
       19  OTHER INCOME                                    66,546 
       20     VALUE OF FARM PRODUCTION               $    548,476 
      
       21  HIRED LABOR                                     48,158 
       22  MACHINERY REPAIRS                               42,464 
       23  IRRIGATION REPAIRS                               8,135 
       24  BUILDING REPAIRS                                 4,547 
       25  INTEREST PAID                                   22,188 
       26  SEED-OTHER CROP EXPENSE                         67,534 
       27  CROP INSURANCE                                   8,126 
       28  FERTILIZER-LIME                                 37,162 
       29  MACHINE HIRE                                    48,176 
       30  ORGANIZATION FEE, PUBLICATION                    6,532 
       31  VET-MED-DRUGS                                    4,628 
       32  CROP STORAGE-MARKETING                           4,594 
       33  LIVESTOCK MARKETING-BREEDING                     2,809 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    29,521 
       36  IRRIGATION ENERGY                               36,938 
       37  REAL ESTATE TAXES                                9,859 
       38  PERSONAL PROPERTY TAXES                          2,344 
       39  GENERAL FARM INSURANCE                          10,592 
       40  UTILITIES                                        7,163 
       41  CASH FARM RENT                                  29,480 
       42  HERBICIDE-INSECTICIDE                           35,442 
       43  CONSERVATION                                       504 
       44  AUTO EXPENSE                                       533 
       45     TOTAL OPERATING EXPENSE                $    467,429 
      
       46  DEPRECIATION-MACHINERY                          35,725 
       47  DEPRECIATION-BUILDINGS                           4,461 
       48     TOTAL FARM EXPENSE                     $    507,615 
      
       49     NET FARM INCOME                        $     40,862 
      
       50  UNPAID FAMILY LABOR                                375 
       51  UNPAID OPERATOR LABOR                           30,450 
       52  MANAGEMENT CHARGE                               15,683 
       53  CURRENT ASSET CHARGE - 8%                       20,335 
       54  NONCURRENT ASSET CHARGE - 8%                    73,091 
       55  RETURN LABOR-MANAGEMENT                        -52,939 
       56  RETURN TO CAPITAL                               16,542 
       57  ASSET TURNOVER RATIO                             .3537 
       58  OPERATING PROFIT MARGIN RATIO                    .0302 
       59  % RETURN ON ASSETS                               .0107 
       60  % RETURN ON EQUITY                              -.0048 
       61  TOTAL EXPENSE RATIO                              .9255 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0103 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1806 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          403,805               410,010    
       65  NONCURRENT ASSETS                     1,121,572             1,166,404    
       66  CURRENT LIABILITIES                     156,219               149,230    
       67  NONCURRENT LIABILITIES                  214,412               246,296    
       68  CURRENT RATIO                              2.58                  2.75    
       69  DEBT TO ASSET RATIO                         .24                   .25    
      
       2004 DATA - SW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              93,913 
       71  MACHINERY AND EQUIPMENT                        148,203 
       72  MOTOR VEHICLES & LISTED PROPE                  157,588 
       73  BUILDINGS                                       52,163 
       74  OWNED LAND                                     754,000 
       75  TOTAL ASSETS                                 1,550,895 
       76  NET WORTH                                    1,167,817 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.12 
       78  NUMBER OF WORKERS                                 2.22 
       79  TOTAL WORK DAYS                                    519 
       80  VALUE FARM PRODUCTION/WORKER                   246,814 
       81  NET FARM INCOME/WORKER                          18,388 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,375,178 
       83  VALUE OF FARM PRODUCTION                       486,334 
       84  NET FARM INCOME                                 36,232 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           12.32 
       86  % TILLABLE LAND                                  64.08 
       87  CROP MACH COST/TOT EXPENSE(%)                    22.97 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     6007    18   2473    16   4032    17     
       89  NON-IRRIGATED CROP ACRES        3375    18   1202    16   2595    16     
       90  IRRIGATED CROP ACRES            1220     7                 985     7     
       91  TOTAL CROP ACRES                3849    18   1304    16   2848    17     
       92  PASTURE ACRES                   2715    14   1543    12   2166     9     
       93  FARMSTEAD ACRES                  104     8     27     7    129     5     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          3849          2138  
       95  CROP MACHINERY INVESTMENT          254,303         66.07        118.95   
       96  CROP MACHINERY COST                116,605         30.29         54.54   
       97  GROSS CROP VALUE                   380,678         98.90        178.06   
       98  CROP PRODUCTION COSTS              381,047         99.00        178.23   
      
       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                   13    524    300    46.8   524    37.2   
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           18   1074    424    22.3   838    25.3   
      104  OTHER CROPS  
      105  ALFALFA
      106  OTHER HAY & FORAGE               9    323     68           428     
      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    996                  908   202.0   
      111  GRAIN SORGHUM                    4    445  
      112  SOYBEANS                         4    284  
      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                                           65 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                       165 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS