|
Back
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY AGE OF OPERATOR *** - 35 *** *** 36 - 40 ***
13 FARMS 6 FARMS
ITEM PER FARM PER FARM
1 BEEF 29,256 976
2 DAIRY AND MILK 35-
3 SHEEP 42
4 SWINE 24
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 4,865-
7 CUSTOM FEEDING 996
8 FEED PURCHASED 3,467- 1,688-
9 LIVESTOCK INCOME $21,952 $711-
10 CORN 97,574 216,310
11 GRAIN SORGHUM 14,611 4,735
12 SOYBEANS 4,727 32,620
13 SUNFLOWERS 152 8,254
14 WHEAT 14,159 51,233
15 HAY AND FORAGE 3,133 24,444
16 OTHER CROP 3,650 4,295
17 GOVERNMENT PAYMENTS 30,945 60,785
18 CROP INSURANCE PROCEEDS 14,030 12,266
19 OTHER INCOME 53,364 20,069
20 VALUE OF FARM PRODUCTION $258,297 $434,300
21 HIRED LABOR 3,770 8,174
22 MACHINERY REPAIRS 44,508 29,389
23 IRRIGATION REPAIRS 5,191 6,828
24 BUILDING REPAIRS 1,347 444
25 INTEREST PAID 16,099 17,029
26 SEED-OTHER CROP EXPENSE 19,883 39,162
27 CROP INSURANCE 9,514 15,190
28 FERTILIZER-LIME 23,281 62,459
29 MACHINE HIRE 11,816 34,038
30 ORGANIZATION FEE, PUBLICATION 2,308 4,096
31 VET-MED-DRUGS 1,678 389
32 CROP STORAGE-MARKETING 1,835 287
33 LIVESTOCK MARKETING-BREEDING 758 78
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 6,958 17,103
36 IRRIGATION ENERGY 19,402 55,369
37 REAL ESTATE TAXES 1,391 2,809
38 PERSONAL PROPERTY TAXES 1,125 1,142
39 GENERAL FARM INSURANCE 5,510 8,985
40 UTILITIES 3,397 4,929
41 CASH FARM RENT 3,762 5,869
42 HERBICIDE-INSECTICIDE 15,729 24,552
43 CONSERVATION 201
44 AUTO EXPENSE 1,193 368
45 TOTAL OPERATING EXPENSE $200,657 $338,691
46 DEPRECIATION-MACHINERY 20,841 33,486
47 DEPRECIATION-BUILDINGS 299 1,262
48 TOTAL FARM EXPENSE $221,796 $373,439
49 NET FARM INCOME $36,501 $60,861
50 UNPAID FAMILY LABOR 3,000
51 UNPAID OPERATOR LABOR 20,562 27,000
52 MANAGEMENT CHARGE 8,863 14,910
53 CURRENT ASSET CHARGE - 8% 4,829 9,031
54 NONCURRENT ASSET CHARGE - 8% 5,368 15,224
55 RETURN LABOR-MANAGEMENT 26,304 33,607
56 RETURN TO CAPITAL 23,175 32,981
57 ASSET TURNOVER RATIO .6929 .7436
58 OPERATING PROFIT MARGIN RATIO .0897 .0759
59 % RETURN ON ASSETS .0622 .0565
60 % RETURN ON EQUITY .0555 .0526
61 TOTAL EXPENSE RATIO .8587 .8599
62 ADJUSTED TOTAL EXPENSE RATIO .9726 .9633
63 ECONOMIC TOTAL EXPENSE RATIO 1.0121 1.0191
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 121,156 139,036 181,220 215,695
65 NONCURRENT ASSETS 228,309 257,090 345,993 425,135
66 CURRENT LIABILITIES 59,946 79,524 70,162 100,991
67 NONCURRENT LIABILITIES 158,856 192,339 168,498 222,032
68 CURRENT RATIO 2.02 1.75 2.58 2.14
69 DEBT TO ASSET RATIO .63 .69 .45 .50
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY AGE OF OPERATOR *** - 35 *** *** 36 - 40 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 21,317 1,267
71 MACHINERY AND EQUIPMENT 98,898 177,554
72 MOTOR VEHICLES & LISTED PROPERTY 44,572 80,418
73 BUILDINGS 4,301 12,293
74 OWNED LAND 93,092 107,650
75 TOTAL ASSETS 372,796 584,022
76 NET WORTH 127,463 303,180
LABOR
77 NUMBER OF OPERATORS .76 1.00
78 NUMBER OF WORKERS .85 1.35
79 TOTAL WORK DAYS 195 434
80 VALUE FARM PRODUCTION/WORKER 302,510 321,704
81 NET FARM INCOME/WORKER 42,748 45,082
PER OPERATOR BASIS
82 TOTAL ASSETS 489,530 584,022
83 VALUE OF FARM PRODUCTION 339,178 434,300
84 NET FARM INCOME 47,930 60,861
OTHER FACTORS
85 % CROP ACRES IRRIGATED 29.07 54.16
86 % TILLABLE LAND 63.20 97.22
87 CROP MACH COST/TOT EXPENSE(%) 22.02 36.51
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1741 13 339 8 1533 13 2047 6 1848 6
89 NON-IRRIGATED CROP ACRES 1127 9 259 6 1074 8 912 6 887 6
90 IRRIGATED CROP ACRES 520 8 507 8 1078 6 1123 5
91 TOTAL CROP ACRES 1192 12 236 7 1150 11 1990 6 1823 6
92 PASTURE ACRES 1176 7 203 5
93 FARMSTEAD ACRES 13 7 8 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1100 770 1990 1669
95 CROP MACHINERY INVESTMENT 130,238 118.37 169.07 257,972 129.62 154.61
96 CROP MACHINERY COST 48,839 44.39 63.40 136,330 68.50 81.71
97 GROSS CROP VALUE 226,802 206.14 294.43 492,136 247.28 294.96
98 CROP PRODUCTION COSTS 153,073 139.13 198.71 368,572 185.20 220.90
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 8 298 288 64.1 5 137 137 43.6
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 7 446 565 50.4 6 415 393 29.3
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 8 286 278 210.1 5 641 648 204.0
111 GRAIN SORGHUM 4 102 102 100.5
112 SOYBEANS 4 108 108 49.8 4 180
113 SUNFLOWERS
114 WHEAT 5 334 387 43.8
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 27 2
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 41
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY AGE OF OPERATOR *** 41 - 45 *** *** 46 - 50 ***
23 FARMS 28 FARMS
ITEM PER FARM PER FARM
1 BEEF 47,600 69,406
2 DAIRY AND MILK
3 SHEEP 3,266
4 SWINE 4
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 2,000 1,617
7 CUSTOM FEEDING 18,270
8 FEED PURCHASED 12,416- 24,116-
9 LIVESTOCK INCOME $40,454 $65,177
10 CORN 62,872 72,714
11 GRAIN SORGHUM 18,472 14,505
12 SOYBEANS 14,068 12,598
13 SUNFLOWERS
14 WHEAT 53,232 56,396
15 HAY AND FORAGE 22,589 12,060
16 OTHER CROP 971 3,286
17 GOVERNMENT PAYMENTS 34,526 36,284
18 CROP INSURANCE PROCEEDS 29,132 16,972
19 OTHER INCOME 22,271 54,040
20 VALUE OF FARM PRODUCTION $298,588 $344,033
21 HIRED LABOR 19,526 25,791
22 MACHINERY REPAIRS 22,272 29,095
23 IRRIGATION REPAIRS 4,066 3,694
24 BUILDING REPAIRS 1,103 2,364
25 INTEREST PAID 11,733 14,385
26 SEED-OTHER CROP EXPENSE 22,733 40,139
27 CROP INSURANCE 6,269 5,994
28 FERTILIZER-LIME 26,679 23,785
29 MACHINE HIRE 29,409 24,063
30 ORGANIZATION FEE, PUBLICATION 2,569 3,844
31 VET-MED-DRUGS 1,872 4,235
32 CROP STORAGE-MARKETING 431 2,910
33 LIVESTOCK MARKETING-BREEDING 1,127 816
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 12,793 17,323
36 IRRIGATION ENERGY 22,269 27,274
37 REAL ESTATE TAXES 2,227 4,021
38 PERSONAL PROPERTY TAXES 921 1,466
39 GENERAL FARM INSURANCE 5,526 5,893
40 UTILITIES 3,584 5,417
41 CASH FARM RENT 16,702 15,102
42 HERBICIDE-INSECTICIDE 17,395 24,971
43 CONSERVATION 103
44 AUTO EXPENSE 521 475
45 TOTAL OPERATING EXPENSE $231,728 $283,161
46 DEPRECIATION-MACHINERY 17,043 22,173
47 DEPRECIATION-BUILDINGS 2,026 2,377
48 TOTAL FARM EXPENSE $250,797 $307,711
49 NET FARM INCOME $47,791 $36,322
50 UNPAID FAMILY LABOR 293 2,732
51 UNPAID OPERATOR LABOR 24,770 29,411
52 MANAGEMENT CHARGE 11,789 11,242
53 CURRENT ASSET CHARGE - 8% 7,959 2,412
54 NONCURRENT ASSET CHARGE - 8% 19,073 36,403
55 RETURN LABOR-MANAGEMENT 20,466 5,226-
56 RETURN TO CAPITAL 22,672 7,322
57 ASSET TURNOVER RATIO .5388 .4438
58 OPERATING PROFIT MARGIN RATIO .0759 .0213
59 % RETURN ON ASSETS .0409 .0094
60 % RETURN ON EQUITY .0324 .0146-
61 TOTAL EXPENSE RATIO .8399 .8944
62 ADJUSTED TOTAL EXPENSE RATIO .9634 1.0205
63 ECONOMIC TOTAL EXPENSE RATIO 1.0539 1.1334
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 180,578 179,284 163,343 194,652
65 NONCURRENT ASSETS 365,091 383,415 588,745 603,675
66 CURRENT LIABILITIES 92,606 68,285 127,456 170,233
67 NONCURRENT LIABILITIES 131,979 139,692 138,334 143,999
68 CURRENT RATIO 1.95 2.63 1.28 1.14
69 DEBT TO ASSET RATIO .41 .37 .35 .39
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY AGE OF OPERATOR *** 41 - 45 *** *** 46 - 50 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 35,291 29,501
71 MACHINERY AND EQUIPMENT 64,155 118,668
72 MOTOR VEHICLES & LISTED PROPERTY 66,661 97,759
73 BUILDINGS 19,344 29,071
74 OWNED LAND 207,196 335,095
75 TOTAL ASSETS 554,183 775,207
76 NET WORTH 337,902 485,196
LABOR
77 NUMBER OF OPERATORS .91 1.08
78 NUMBER OF WORKERS 1.43 1.82
79 TOTAL WORK DAYS 208 270
80 VALUE FARM PRODUCTION/WORKER 208,107 188,511
81 NET FARM INCOME/WORKER 33,309 19,902
PER OPERATOR BASIS
82 TOTAL ASSETS 604,086 711,666
83 VALUE OF FARM PRODUCTION 325,475 315,833
84 NET FARM INCOME 52,095 33,345
OTHER FACTORS
85 % CROP ACRES IRRIGATED 28.86 23.35
86 % TILLABLE LAND 72.77 80.85
87 CROP MACH COST/TOT EXPENSE(%) 29.13 21.99
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1724 23 835 15 1233 22 2301 28 925 23 1727 25
89 NON-IRRIGATED CROP ACRES 977 21 384 12 838 19 1536 26 583 22 1291 21
90 IRRIGATED CROP ACRES 490 17 267 10 435 13 676 18 365 7 601 16
91 TOTAL CROP ACRES 1255 23 520 14 1028 21 1929 27 699 22 1530 24
92 PASTURE ACRES 877 12 743 7 759 7 755 16 482 12 573 11
93 FARMSTEAD ACRES 35 8 9 5 46 5 36 7 21 5 25 6
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1255 900 1860 1215
95 CROP MACHINERY INVESTMENT 116,855 93.14 129.81 188,589 101.37 155.18
96 CROP MACHINERY COST 73,056 58.23 81.16 67,657 36.37 55.67
97 GROSS CROP VALUE 239,370 190.79 265.91 253,252 136.13 208.39
98 CROP PRODUCTION COSTS 200,959 160.18 223.24 247,121 128.09 196.08
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 13 305 345 73.4 17 347 268 52.1 287 46.6
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 19 417 163 32.6 377 36.0 24 602 283 29.9 472 26.3
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE 5 64 45
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 12 239 212 183.8 202 201.5 8 522 491 230.1
111 GRAIN SORGHUM 6 155 142 119.5 6 295
112 SOYBEANS 6 226 226 66.6 9 218 176 42.9
113 SUNFLOWERS
114 WHEAT 9 210 186 57.4 11 246 221 49.2
115 OTHER CROPS
116 ALFALFA 4 290 5 221 200 5.2
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 18 17
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 85 205
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY AGE OF OPERATOR *** 51 - 55 *** *** 56 - 60 ***
28 FARMS 26 FARMS
ITEM PER FARM PER FARM
1 BEEF 33,637 42,021
2 DAIRY AND MILK 2,020
3 SHEEP 70 8-
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 50- 1,379-
7 CUSTOM FEEDING 21,878 3,608
8 FEED PURCHASED 8,278- 11,990-
9 LIVESTOCK INCOME $49,276 $32,253
10 CORN 26,274 44,566
11 GRAIN SORGHUM 23,931 11,475
12 SOYBEANS 5,285 3,621
13 SUNFLOWERS 1,000 3,083
14 WHEAT 47,172 27,682
15 HAY AND FORAGE 28,459 2,515
16 OTHER CROP 261 823
17 GOVERNMENT PAYMENTS 31,877 28,376
18 CROP INSURANCE PROCEEDS 11,706 11,726
19 OTHER INCOME 17,359 9,959
20 VALUE OF FARM PRODUCTION $242,601 $176,078
21 HIRED LABOR 22,296 7,111
22 MACHINERY REPAIRS 23,869 14,967
23 IRRIGATION REPAIRS 2,278 2,469
24 BUILDING REPAIRS 2,447 1,318
25 INTEREST PAID 17,826 9,125
26 SEED-OTHER CROP EXPENSE 8,957 10,706
27 CROP INSURANCE 5,319 5,302
28 FERTILIZER-LIME 17,862 13,713
29 MACHINE HIRE 14,823 10,274
30 ORGANIZATION FEE, PUBLICATION 3,151 1,717
31 VET-MED-DRUGS 1,891 1,785
32 CROP STORAGE-MARKETING 969 235
33 LIVESTOCK MARKETING-BREEDING 551 1,271
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 15,331 11,935
36 IRRIGATION ENERGY 11,159 7,927
37 REAL ESTATE TAXES 4,987 5,425
38 PERSONAL PROPERTY TAXES 774 676
39 GENERAL FARM INSURANCE 5,323 3,959
40 UTILITIES 4,898 3,367
41 CASH FARM RENT 10,486 3,253
42 HERBICIDE-INSECTICIDE 18,722 14,102
43 CONSERVATION 1,734 72
44 AUTO EXPENSE 1,426 679
45 TOTAL OPERATING EXPENSE $197,079 $131,388
46 DEPRECIATION-MACHINERY 18,267 15,030
47 DEPRECIATION-BUILDINGS 8,175 928
48 TOTAL FARM EXPENSE $223,520 $147,345
49 NET FARM INCOME $19,080 $28,733
50 UNPAID FAMILY LABOR 804 1,558
51 UNPAID OPERATOR LABOR 27,386 22,638
52 MANAGEMENT CHARGE 8,168 8,392
53 CURRENT ASSET CHARGE - 8% 8,629 9,340
54 NONCURRENT ASSET CHARGE - 8% 34,793 33,664
55 RETURN LABOR-MANAGEMENT 25,145- 15,829-
56 RETURN TO CAPITAL 549 5,270
57 ASSET TURNOVER RATIO .2897 .2532
58 OPERATING PROFIT MARGIN RATIO .0023 .0299
59 % RETURN ON ASSETS .0007 .0076
60 % RETURN ON EQUITY .0318- .0072-
61 TOTAL EXPENSE RATIO .9214 .8368
62 ADJUSTED TOTAL EXPENSE RATIO 1.0712 1.0219
63 ECONOMIC TOTAL EXPENSE RATIO 1.2502 1.2661
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 176,197 190,527 164,922 171,100
65 NONCURRENT ASSETS 658,864 649,121 522,510 532,045
66 CURRENT LIABILITIES 73,234 77,774 52,703 49,810
67 NONCURRENT LIABILITIES 221,581 216,582 107,723 105,234
68 CURRENT RATIO 2.41 2.45 3.13 3.44
69 DEBT TO ASSET RATIO .35 .35 .23 .22
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY AGE OF OPERATOR *** 51 - 55 *** *** 56 - 60 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 32,246 13,894
71 MACHINERY AND EQUIPMENT 90,364 57,816
72 MOTOR VEHICLES & LISTED PROPERTY 77,825 70,192
73 BUILDINGS 76,392 10,735
74 OWNED LAND 345,169 364,847
75 TOTAL ASSETS 837,355 695,289
76 NET WORTH 542,770 537,553
LABOR
77 NUMBER OF OPERATORS 1.01 .83
78 NUMBER OF WORKERS 1.46 1.20
79 TOTAL WORK DAYS 255 218
80 VALUE FARM PRODUCTION/WORKER 165,275 145,797
81 NET FARM INCOME/WORKER 12,999 23,792
PER OPERATOR BASIS
82 TOTAL ASSETS 825,561 829,243
83 VALUE OF FARM PRODUCTION 239,184 210,002
84 NET FARM INCOME 18,812 34,269
OTHER FACTORS
85 % CROP ACRES IRRIGATED 17.79 11.35
86 % TILLABLE LAND 76.67 73.27
87 CROP MACH COST/TOT EXPENSE(%) 32.82 37.59
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2328 28 880 24 1632 27 2319 25 1229 21 1693 19
89 NON-IRRIGATED CROP ACRES 1467 28 570 23 1035 27 1569 24 715 20 1297 18
90 IRRIGATED CROP ACRES 494 18 277 11 366 16 438 11 191 7 498 7
91 TOTAL CROP ACRES 1785 28 673 24 1252 27 1699 25 782 20 1412 19
92 PASTURE ACRES 1230 12 479 10 907 11 1094 14 913 11 753 7
93 FARMSTEAD ACRES 40 11 16 10 35 8 18 10 15 7 15 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1785 1145 1634 950
95 CROP MACHINERY INVESTMENT 156,540 87.72 136.69 117,276 71.79 123.44
96 CROP MACHINERY COST 73,354 41.10 64.05 55,390 33.91 58.30
97 GROSS CROP VALUE 197,288 110.55 172.27 170,069 100.10 172.12
98 CROP PRODUCTION COSTS 186,815 104.68 163.12 127,886 78.28 134.60
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 18 321 107 67.2 295 56.4 13 259 121 60.5 239 54.2
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 24 693 305 27.8 511 25.0 24 650 255 23.7 663 22.4
104 OTHER CROPS
105 ALFALFA 4 22
106 OTHER HAY & FORAGE 10 104 29 119 10 87 55 108
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 11 211 99 179.8 215 201.6 10 298 139 180.6 401 217.5
111 GRAIN SORGHUM 5 185 121 124.0 4 77
112 SOYBEANS 7 71 69 53.7
113 SUNFLOWERS
114 WHEAT 10 153 137 41.9 7 102 112 51.4
115 OTHER CROPS
116 ALFALFA 8 298 162 5.2 236 4.0
117 OTHER HAY & FORAGE 7 96 81 88
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 13 10
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 53 118
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY AGE OF OPERATOR *** 61 - 65 *** *** 66 - 70 ***
15 FARMS 24 FARMS
ITEM PER FARM PER FARM
1 BEEF 43,595 23,338
2 DAIRY AND MILK 9,994
3 SHEEP
4 SWINE
5 POULTRY AND EGGS 6,425
6 OTHER LIVESTOCK 3,278- 2,231-
7 CUSTOM FEEDING 531
8 FEED PURCHASED 5,825- 14,790-
9 LIVESTOCK INCOME $34,493 $23,266
10 CORN 63,747 26,132
11 GRAIN SORGHUM 16,619 8,034
12 SOYBEANS 10,335 1,355
13 SUNFLOWERS 184
14 WHEAT 37,138 42,408
15 HAY AND FORAGE 23,233 2,208
16 OTHER CROP 103
17 GOVERNMENT PAYMENTS 37,538 32,268
18 CROP INSURANCE PROCEEDS 7,808 5,937
19 OTHER INCOME 9,083 15,665
20 VALUE OF FARM PRODUCTION $239,992 $157,561
21 HIRED LABOR 6,999 7,362
22 MACHINERY REPAIRS 17,026 12,109
23 IRRIGATION REPAIRS 4,852 1,931
24 BUILDING REPAIRS 154 681
25 INTEREST PAID 16,452 7,848
26 SEED-OTHER CROP EXPENSE 12,183 5,298
27 CROP INSURANCE 6,847 4,593
28 FERTILIZER-LIME 23,130 10,445
29 MACHINE HIRE 16,618 12,219
30 ORGANIZATION FEE, PUBLICATION 3,365 2,310
31 VET-MED-DRUGS 3,483 1,880
32 CROP STORAGE-MARKETING 915 658
33 LIVESTOCK MARKETING-BREEDING 1,855 129
34 DAIRY EXPENSE 120
35 GAS-FUEL-OIL 11,185 11,486
36 IRRIGATION ENERGY 23,018 6,404
37 REAL ESTATE TAXES 5,386 5,514
38 PERSONAL PROPERTY TAXES 1,431 601
39 GENERAL FARM INSURANCE 4,843 2,566
40 UTILITIES 3,411 3,170
41 CASH FARM RENT 7,851 2,382
42 HERBICIDE-INSECTICIDE 16,473 8,305
43 CONSERVATION 24 361
44 AUTO EXPENSE 716 844
45 TOTAL OPERATING EXPENSE $188,218 $109,218
46 DEPRECIATION-MACHINERY 17,861 13,914
47 DEPRECIATION-BUILDINGS 1,489 789
48 TOTAL FARM EXPENSE $207,567 $123,920
49 NET FARM INCOME $32,425 $33,640
50 UNPAID FAMILY LABOR 3,150 750
51 UNPAID OPERATOR LABOR 22,680 24,975
52 MANAGEMENT CHARGE 9,667 9,251
53 CURRENT ASSET CHARGE - 8% 5,730 10,762
54 NONCURRENT ASSET CHARGE - 8% 35,498 39,861
55 RETURN LABOR-MANAGEMENT 11,953- 17,733-
56 RETURN TO CAPITAL 13,380 6,512
57 ASSET TURNOVER RATIO .2783 .2043
58 OPERATING PROFIT MARGIN RATIO .0558 .0413
59 % RETURN ON ASSETS .0155 .0084
60 % RETURN ON EQUITY .0060- .0021-
61 TOTAL EXPENSE RATIO .8649 .7865
62 ADJUSTED TOTAL EXPENSE RATIO 1.0128 1.0085
63 ECONOMIC TOTAL EXPENSE RATIO 1.1846 1.3298
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 278,611 255,611 175,967 176,828
65 NONCURRENT ASSETS 597,005 593,568 586,936 602,865
66 CURRENT LIABILITIES 198,516 192,456 41,782 41,956
67 NONCURRENT LIABILITIES 154,144 148,983 83,445 109,839
68 CURRENT RATIO 1.40 1.33 4.21 4.21
69 DEBT TO ASSET RATIO .40 .40 .16 .19
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY AGE OF OPERATOR *** 61 - 65 *** *** 66 - 70 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 17,014 12,287
71 MACHINERY AND EQUIPMENT 84,148 54,012
72 MOTOR VEHICLES & LISTED PROPERTY 76,890 73,227
73 BUILDINGS 16,568 9,961
74 OWNED LAND 384,657 429,962
75 TOTAL ASSETS 862,398 771,298
76 NET WORTH 515,348 632,787
LABOR
77 NUMBER OF OPERATORS .84 .92
78 NUMBER OF WORKERS 1.26 1.18
79 TOTAL WORK DAYS 282 268
80 VALUE FARM PRODUCTION/WORKER 190,470 132,683
81 NET FARM INCOME/WORKER 25,734 28,329
PER OPERATOR BASIS
82 TOTAL ASSETS 1,026,664 833,836
83 VALUE OF FARM PRODUCTION 285,705 170,336
84 NET FARM INCOME 38,601 36,368
OTHER FACTORS
85 % CROP ACRES IRRIGATED 24.11 11.21
86 % TILLABLE LAND 75.28 80.22
87 CROP MACH COST/TOT EXPENSE(%) 33.94 42.85
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2174 15 1131 12 1360 14 2120 24 1171 20 1373 20
89 NON-IRRIGATED CROP ACRES 1331 14 656 12 896 12 1576 23 752 20 1178 18
90 IRRIGATED CROP ACRES 658 9 359 5 515 8 416 11 279 7 524 5
91 TOTAL CROP ACRES 1637 15 806 12 1144 13 1701 24 849 20 1254 19
92 PASTURE ACRES 972 8 615 6 682 6 708 14 528 12 511 7
93 FARMSTEAD ACRES 40 7 34 6 24 6 18 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1637 1016 1701 805
95 CROP MACHINERY INVESTMENT 150,776 92.12 148.34 120,915 71.11 150.13
96 CROP MACHINERY COST 70,446 43.04 69.31 53,096 31.22 65.93
97 GROSS CROP VALUE 229,956 140.49 226.24 155,097 91.21 192.57
98 CROP PRODUCTION COSTS 177,747 108.59 174.87 119,593 67.40 142.30
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 7 285 109 77.6 242 67.9 10 267 128 61.3 253 47.5
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 12 508 251 23.2 349 27.5 19 597 251 33.1 489 26.4
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE 4 57 57 4 52 41
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 6 412 410 208.5 7 305 198 195.9
111 GRAIN SORGHUM 5 87 5 105
112 SOYBEANS
113 SUNFLOWERS
114 WHEAT 4 351 7 198 116 37.7
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE 4 55
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 19
122 DAIRY COWS 6
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 136 71
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY AGE OF OPERATOR *** 71 - *** *** - ***
36 FARMS
ITEM PER FARM PER FARM
1 BEEF 30,702
2 DAIRY AND MILK 44
3 SHEEP 116
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 191
7 CUSTOM FEEDING
8 FEED PURCHASED 3,412-
9 LIVESTOCK INCOME $27,642
10 CORN 29,717
11 GRAIN SORGHUM 7,477
12 SOYBEANS 2,202
13 SUNFLOWERS 125-
14 WHEAT 28,641
15 HAY AND FORAGE 6,024
16 OTHER CROP 3,193
17 GOVERNMENT PAYMENTS 29,822
18 CROP INSURANCE PROCEEDS 6,123
19 OTHER INCOME 2,920
20 VALUE OF FARM PRODUCTION $143,637
21 HIRED LABOR 11,160
22 MACHINERY REPAIRS 12,036
23 IRRIGATION REPAIRS 3,043
24 BUILDING REPAIRS 720
25 INTEREST PAID 6,765
26 SEED-OTHER CROP EXPENSE 8,840
27 CROP INSURANCE 3,470
28 FERTILIZER-LIME 15,755
29 MACHINE HIRE 7,587
30 ORGANIZATION FEE, PUBLICATION 1,982
31 VET-MED-DRUGS 447
32 CROP STORAGE-MARKETING 619
33 LIVESTOCK MARKETING-BREEDING 2,588
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 10,949
36 IRRIGATION ENERGY 9,433
37 REAL ESTATE TAXES 4,829
38 PERSONAL PROPERTY TAXES 858
39 GENERAL FARM INSURANCE 3,444
40 UTILITIES 2,605
41 CASH FARM RENT 2,768
42 HERBICIDE-INSECTICIDE 7,433
43 CONSERVATION 26
44 AUTO EXPENSE 754
45 TOTAL OPERATING EXPENSE $118,110
46 DEPRECIATION-MACHINERY 12,176
47 DEPRECIATION-BUILDINGS 1,561
48 TOTAL FARM EXPENSE $131,847
49 NET FARM INCOME $11,790
50 UNPAID FAMILY LABOR 125
51 UNPAID OPERATOR LABOR 19,950
52 MANAGEMENT CHARGE 5,480
53 CURRENT ASSET CHARGE - 8% 9,046
54 NONCURRENT ASSET CHARGE - 8% 40,576
55 RETURN LABOR-MANAGEMENT 37,957-
56 RETURN TO CAPITAL 7,001-
57 ASSET TURNOVER RATIO .1874
58 OPERATING PROFIT MARGIN RATIO .0487-
59 % RETURN ON ASSETS .0091-
60 % RETURN ON EQUITY .0222-
61 TOTAL EXPENSE RATIO .9179
62 ADJUSTED TOTAL EXPENSE RATIO 1.0958
63 ECONOMIC TOTAL EXPENSE RATIO 1.4413
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 176,129 173,566
65 NONCURRENT ASSETS 591,909 591,038
66 CURRENT LIABILITIES 66,612 56,937
67 NONCURRENT LIABILITIES 87,480 81,065
68 CURRENT RATIO 2.64 3.05
69 DEBT TO ASSET RATIO .20 .18
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY AGE OF OPERATOR *** 71 - *** *** - ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 19,177
71 MACHINERY AND EQUIPMENT 59,952
72 MOTOR VEHICLES & LISTED PROPERTY 70,648
73 BUILDINGS 17,651
74 OWNED LAND 423,501
75 TOTAL ASSETS 766,321
76 NET WORTH 620,274
LABOR
77 NUMBER OF OPERATORS .73
78 NUMBER OF WORKERS 1.09
79 TOTAL WORK DAYS 198
80 VALUE FARM PRODUCTION/WORKER 130,909
81 NET FARM INCOME/WORKER 10,745
PER OPERATOR BASIS
82 TOTAL ASSETS 1,037,127
83 VALUE OF FARM PRODUCTION 194,396
84 NET FARM INCOME 15,957
OTHER FACTORS
85 % CROP ACRES IRRIGATED 11.24
86 % TILLABLE LAND 75.96
87 CROP MACH COST/TOT EXPENSE(%) 37.89
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1991 33 1209 30 1090 27
89 NON-IRRIGATED CROP ACRES 1343 33 724 30 942 24
90 IRRIGATED CROP ACRES 623 9 421 7
91 TOTAL CROP ACRES 1513 33 822 30 1010 25
92 PASTURE ACRES 919 17 765 15 415 10
93 FARMSTEAD ACRES 15 12 15 10 5 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1387 654
95 CROP MACHINERY INVESTMENT 114,372 82.49 174.78
96 CROP MACHINERY COST 49,957 36.03 76.34
97 GROSS CROP VALUE 120,771 79.84 169.18
98 CROP PRODUCTION COSTS 118,488 85.45 181.07
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 14 222 127 58.0 196 45.7
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 26 471 288 26.9 341 27.0
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE 8 345 98
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 4 373 289 202.0
111 GRAIN SORGHUM 5 187 154 130.2
112 SOYBEANS
113 SUNFLOWERS
114 WHEAT 4 346
115 OTHER CROPS
116 ALFALFA 4 134
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 19
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 35
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
|