|
Back
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY OWNERSHIP TYPE CORPORATIONS PARTNERSHIP - TENANT
28 FARMS 9 FARMS
ITEM PER FARM PER FARM
1 BEEF 60,636 64,285
2 DAIRY AND MILK
3 SHEEP
4 SWINE 3
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 68
7 CUSTOM FEEDING 18,020 56,190
8 FEED PURCHASED 21,268- 21,126-
9 LIVESTOCK INCOME $57,459 $99,349
10 CORN 74,700 91,356
11 GRAIN SORGHUM 32,029 18,539
12 SOYBEANS 6,207 8,063
13 SUNFLOWERS 3,601
14 WHEAT 75,166 54,008
15 HAY AND FORAGE 22,030 16,085
16 OTHER CROP 2,804 4,259
17 GOVERNMENT PAYMENTS 49,801 36,485
18 CROP INSURANCE PROCEEDS 19,467 10,905
19 OTHER INCOME 61,942 16,425
20 VALUE OF FARM PRODUCTION $401,606 $359,075
21 HIRED LABOR 45,016 15,662
22 MACHINERY REPAIRS 33,984 23,970
23 IRRIGATION REPAIRS 4,989 5,267
24 BUILDING REPAIRS 3,645 2,528
25 INTEREST PAID 14,844 26,038
26 SEED-OTHER CROP EXPENSE 42,291 19,431
27 CROP INSURANCE 6,309 7,935
28 FERTILIZER-LIME 30,062 24,079
29 MACHINE HIRE 36,257 37,267
30 ORGANIZATION FEE, PUBLICATION 5,011 3,002
31 VET-MED-DRUGS 4,286 2,713
32 CROP STORAGE-MARKETING 3,074 1,725
33 LIVESTOCK MARKETING-BREEDING 1,805 215
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 21,982 14,479
36 IRRIGATION ENERGY 26,715 30,167
37 REAL ESTATE TAXES 7,407 2,249
38 PERSONAL PROPERTY TAXES 1,673 1,381
39 GENERAL FARM INSURANCE 6,286 10,293
40 UTILITIES 6,227 5,838
41 CASH FARM RENT 15,220 21,503
42 HERBICIDE-INSECTICIDE 31,142 19,427
43 CONSERVATION 325
44 AUTO EXPENSE 98 326
45 TOTAL OPERATING EXPENSE $348,648 $275,494
46 DEPRECIATION-MACHINERY 26,636 12,367
47 DEPRECIATION-BUILDINGS 2,985 17,940
48 TOTAL FARM EXPENSE $378,269 $305,801
49 NET FARM INCOME $23,337 $53,274
50 UNPAID FAMILY LABOR
51 UNPAID OPERATOR LABOR 28,929 33,600
52 MANAGEMENT CHARGE 10,788 13,319
53 CURRENT ASSET CHARGE - 8% 16,130 4,527
54 NONCURRENT ASSET CHARGE - 8% 52,715 3,917
55 RETURN LABOR-MANAGEMENT 45,508- 44,830
56 RETURN TO CAPITAL 1,536- 32,393
57 ASSET TURNOVER RATIO .3448 .7297
58 OPERATING PROFIT MARGIN RATIO .0038- .0902
59 % RETURN ON ASSETS .0013- .0658
60 % RETURN ON EQUITY .0190- .0602
61 TOTAL EXPENSE RATIO .9419 .8516
62 ADJUSTED TOTAL EXPENSE RATIO 1.0408 .9823
63 ECONOMIC TOTAL EXPENSE RATIO 1.2122 1.0058
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 280,937 316,742 201,338 176,663
65 NONCURRENT ASSETS 857,460 874,293 305,632 300,594
66 CURRENT LIABILITIES 83,072 111,348 154,848 109,985
67 NONCURRENT LIABILITIES 207,760 206,116 260,884 247,422
68 CURRENT RATIO 3.38 2.84 1.30 1.61
69 DEBT TO ASSET RATIO .26 .27 .82 .75
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY OWNERSHIP TYPE CORPORATIONS PARTNERSHIP - TENANT
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 41,512 58,019
71 MACHINERY AND EQUIPMENT 124,673 85,876
72 MOTOR VEHICLES & LISTED PROPERTY 115,315 47,124
73 BUILDINGS 35,685 163,096
74 OWNED LAND 555,803
75 TOTAL ASSETS 1,164,716 492,114
76 NET WORTH 860,568 105,544
LABOR
77 NUMBER OF OPERATORS 1.07 1.24
78 NUMBER OF WORKERS 2.03 1.98
79 TOTAL WORK DAYS 359 248
80 VALUE FARM PRODUCTION/WORKER 197,627 180,540
81 NET FARM INCOME/WORKER 11,484 26,786
PER OPERATOR BASIS
82 TOTAL ASSETS 1,087,068 395,448
83 VALUE OF FARM PRODUCTION 374,832 288,542
84 NET FARM INCOME 21,781 42,809
OTHER FACTORS
85 % CROP ACRES IRRIGATED 20.09 27.77
86 % TILLABLE LAND 73.21 59.89
87 CROP MACH COST/TOT EXPENSE(%) 22.94 30.02
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3106 28 1806 23 1817 25 2562 9 2562 9
89 NON-IRRIGATED CROP ACRES 1817 28 884 22 1257 25 1247 8 1247 8
90 IRRIGATED CROP ACRES 640 20 344 14 613 13 767 5 767 5
91 TOTAL CROP ACRES 2274 28 1103 22 1576 25 1535 9 1535 9
92 PASTURE ACRES 2102 11 1914 9 843 7 1837 5 1837 5
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2274 1420 1535 1043
95 CROP MACHINERY INVESTMENT 212,544 93.47 149.71 124,441 81.09 119.28
96 CROP MACHINERY COST 86,761 38.16 61.11 91,805 59.82 88.00
97 GROSS CROP VALUE 289,320 127.24 203.79 222,901 145.24 213.66
98 CROP PRODUCTION COSTS 291,172 128.05 205.10 245,082 159.70 234.92
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 19 495 273 64.0 476 59.4 4 260 260 68.5
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 27 640 440 30.9 465 31.3 7 625 625 26.7
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE 5 140 126
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 10 408 228 209.5 489 200.2 4 449 449 208.3
111 GRAIN SORGHUM 11 237 175 115.9 242 126.7
112 SOYBEANS 5 107 90 44.6
113 SUNFLOWERS
114 WHEAT 12 187 131 38.0 198 48.1
115 OTHER CROPS
116 ALFALFA 5 355 144 4.6 300 4.9
117 OTHER HAY & FORAGE 4 123 77
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 20 56
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 195 74
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY OWNERSHIP TYPE SINGLE - OWNER SINGLE - PARTOWNER
21 FARMS 112 FARMS
ITEM PER FARM PER FARM
1 BEEF 30,850 38,554
2 DAIRY AND MILK 76 2,643
3 SHEEP 60
4 SWINE 3
5 POULTRY AND EGGS 1,377
6 OTHER LIVESTOCK 71- 1,006-
7 CUSTOM FEEDING 4,467 1,228
8 FEED PURCHASED 13,689- 8,444-
9 LIVESTOCK INCOME $21,632 $34,415
10 CORN 21,243 44,511
11 GRAIN SORGHUM 5,334 11,589
12 SOYBEANS 1,602 8,033
13 SUNFLOWERS 642
14 WHEAT 10,663 39,881
15 HAY AND FORAGE 2,484 12,569
16 OTHER CROP 479 1,827
17 GOVERNMENT PAYMENTS 18,459 32,303
18 CROP INSURANCE PROCEEDS 1,105 11,549
19 OTHER INCOME 4,967 12,467
20 VALUE OF FARM PRODUCTION $87,969 $209,786
21 HIRED LABOR 3,035 9,673
22 MACHINERY REPAIRS 5,598 18,164
23 IRRIGATION REPAIRS 3,622 2,653
24 BUILDING REPAIRS 1,113 715
25 INTEREST PAID 6,891 12,119
26 SEED-OTHER CROP EXPENSE 2,828 11,901
27 CROP INSURANCE 2,470 5,849
28 FERTILIZER-LIME 5,543 19,753
29 MACHINE HIRE 4,654 11,085
30 ORGANIZATION FEE, PUBLICATION 1,832 2,356
31 VET-MED-DRUGS 1,335 1,811
32 CROP STORAGE-MARKETING 347 739
33 LIVESTOCK MARKETING-BREEDING 855 1,353
34 DAIRY EXPENSE 26
35 GAS-FUEL-OIL 4,217 12,487
36 IRRIGATION ENERGY 2,948 13,508
37 REAL ESTATE TAXES 5,841 4,134
38 PERSONAL PROPERTY TAXES 573 858
39 GENERAL FARM INSURANCE 2,345 4,204
40 UTILITIES 2,365 3,443
41 CASH FARM RENT 232 6,204
42 HERBICIDE-INSECTICIDE 5,625 13,080
43 CONSERVATION 1,896 148
44 AUTO EXPENSE 1,311 938
45 TOTAL OPERATING EXPENSE $67,477 $157,201
46 DEPRECIATION-MACHINERY 9,280 17,175
47 DEPRECIATION-BUILDINGS 1,258 1,510
48 TOTAL FARM EXPENSE $78,015 $175,886
49 NET FARM INCOME $9,953 $33,900
50 UNPAID FAMILY LABOR 1,500 1,446
51 UNPAID OPERATOR LABOR 18,129 23,866
52 MANAGEMENT CHARGE 4,146 9,530
53 CURRENT ASSET CHARGE - 8% 9,463 6,890
54 NONCURRENT ASSET CHARGE - 8% 40,012 33,508
55 RETURN LABOR-MANAGEMENT 41,022- 7,945-
56 RETURN TO CAPITAL 6,929- 11,176
57 ASSET TURNOVER RATIO .1172 .2875
58 OPERATING PROFIT MARGIN RATIO .0788- .0533
59 % RETURN ON ASSETS .0092- .0153
60 % RETURN ON EQUITY .0223- .0019-
61 TOTAL EXPENSE RATIO .8869 .8384
62 ADJUSTED TOTAL EXPENSE RATIO 1.1571 1.0045
63 ECONOMIC TOTAL EXPENSE RATIO 1.7195 1.1971
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 143,437 133,026 177,332 184,809
65 NONCURRENT ASSETS 605,480 618,757 543,822 553,458
66 CURRENT LIABILITIES 22,196 17,690 94,506 95,380
67 NONCURRENT LIABILITIES 99,807 124,117 127,226 132,353
68 CURRENT RATIO 6.46 7.52 1.88 1.94
69 DEBT TO ASSET RATIO .16 .19 .31 .31
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY OWNERSHIP TYPE SINGLE - OWNER SINGLE - PARTOWNER
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 25,465 17,885
71 MACHINERY AND EQUIPMENT 44,871 74,300
72 MOTOR VEHICLES & LISTED PROPERTY 47,496 74,962
73 BUILDINGS 12,989 16,372
74 OWNED LAND 478,814 353,565
75 TOTAL ASSETS 750,350 729,711
76 NET WORTH 618,445 504,978
LABOR
77 NUMBER OF OPERATORS .67 .88
78 NUMBER OF WORKERS .87 1.23
79 TOTAL WORK DAYS 104 246
80 VALUE FARM PRODUCTION/WORKER 100,948 169,769
81 NET FARM INCOME/WORKER 11,422 27,433
PER OPERATOR BASIS
82 TOTAL ASSETS 1,117,543 825,531
83 VALUE OF FARM PRODUCTION 131,017 237,333
84 NET FARM INCOME 14,824 38,351
OTHER FACTORS
85 % CROP ACRES IRRIGATED 14.65 16.37
86 % TILLABLE LAND 61.02 78.85
87 CROP MACH COST/TOT EXPENSE(%) 38.99 34.98
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1253 18 1253 18 2122 112 811 112 1311 112
89 NON-IRRIGATED CROP ACRES 691 17 691 17 1464 107 550 106 1014 97
90 IRRIGATED CROP ACRES 336 6 336 6 548 56 248 37 478 45
91 TOTAL CROP ACRES 810 17 810 17 1688 111 614 110 1153 104
92 PASTURE ACRES 728 12 728 12 719 68 388 58 574 46
93 FARMSTEAD ACRES 26 50 17 48 22 23
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 656 287 1673 965
95 CROP MACHINERY INVESTMENT 80,881 123.38 281.90 135,820 81.19 140.67
96 CROP MACHINERY COST 30,421 46.41 106.03 61,527 36.78 63.73
97 GROSS CROP VALUE 80,125 104.77 239.37 191,492 114.47 198.34
98 CROP PRODUCTION COSTS 70,636 107.75 246.19 154,540 90.73 157.20
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 4 74
100 GRAIN SORGHUM 6 101 101 79.0 62 252 105 57.9 219 56.3
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 11 289 289 29.4 94 605 219 27.7 474 27.9
104 OTHER CROPS
105 ALFALFA 10 127 87 2.4 149 2.9
106 OTHER HAY & FORAGE 4 61 61 34 73 56 67
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 6 173 173 196.1 37 307 160 189.9 280 212.8
111 GRAIN SORGHUM 20 125 99 111.9 117 118.1
112 SOYBEANS 21 203 89 54.3 182 55.8
113 SUNFLOWERS
114 WHEAT 33 226 148 37.9 192 50.1
115 OTHER CROPS
116 ALFALFA 16 208 142 6.4 176 5.5
117 OTHER HAY & FORAGE 16 91 75 90
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 12 12
122 DAIRY COWS 1
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES 58 80
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
INCOME AND EXPENSE ANALYSIS
**BY OWNERSHIP TYPE SINGLE - TENANT
25 FARMS
ITEM PER FARM PER FARM
1 BEEF 6,796
2 DAIRY AND MILK
3 SHEEP 2,995
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK 297
7 CUSTOM FEEDING 80
8 FEED PURCHASED 2,493-
9 LIVESTOCK INCOME $7,675
10 CORN 85,413
11 GRAIN SORGHUM 9,005
12 SOYBEANS 6,094
13 SUNFLOWERS 1,903
14 WHEAT 21,842
15 HAY AND FORAGE 8,425
16 OTHER CROP 87
17 GOVERNMENT PAYMENTS 31,602
18 CROP INSURANCE PROCEEDS 17,131
19 OTHER INCOME 31,828
20 VALUE OF FARM PRODUCTION $221,005
21 HIRED LABOR 4,519
22 MACHINERY REPAIRS 28,790
23 IRRIGATION REPAIRS 3,728
24 BUILDING REPAIRS 1,018
25 INTEREST PAID 7,065
26 SEED-OTHER CROP EXPENSE 19,778
27 CROP INSURANCE 5,845
28 FERTILIZER-LIME 20,112
29 MACHINE HIRE 16,761
30 ORGANIZATION FEE, PUBLICATION 2,101
31 VET-MED-DRUGS 202
32 CROP STORAGE-MARKETING 299
33 LIVESTOCK MARKETING-BREEDING 38
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 10,576
36 IRRIGATION ENERGY 21,948
37 REAL ESTATE TAXES 1,183
38 PERSONAL PROPERTY TAXES 802
39 GENERAL FARM INSURANCE 4,872
40 UTILITIES 2,790
41 CASH FARM RENT 4,385
42 HERBICIDE-INSECTICIDE 13,759
43 CONSERVATION 14
44 AUTO EXPENSE 817
45 TOTAL OPERATING EXPENSE $171,403
46 DEPRECIATION-MACHINERY 15,480
47 DEPRECIATION-BUILDINGS 958
48 TOTAL FARM EXPENSE $187,841
49 NET FARM INCOME $33,164
50 UNPAID FAMILY LABOR 1,620
51 UNPAID OPERATOR LABOR 21,276
52 MANAGEMENT CHARGE 8,305
53 CURRENT ASSET CHARGE - 8% 2,237
54 NONCURRENT ASSET CHARGE - 8% 6,725
55 RETURN LABOR-MANAGEMENT 22,582
56 RETURN TO CAPITAL 9,029
57 ASSET TURNOVER RATIO .9531
58 OPERATING PROFIT MARGIN RATIO .0409
59 % RETURN ON ASSETS .0389
60 % RETURN ON EQUITY .0175
61 TOTAL EXPENSE RATIO .8499
62 ADJUSTED TOTAL EXPENSE RATIO .9911
63 ECONOMIC TOTAL EXPENSE RATIO 1.0317
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 75,302 77,452
65 NONCURRENT ASSETS 152,459 158,527
66 CURRENT LIABILITIES 44,936 51,890
67 NONCURRENT LIABILITIES 65,510 77,355
68 CURRENT RATIO 1.68 1.49
69 DEBT TO ASSET RATIO .48 .55
%%ISCC CHANGE_OVERLAY SUMMB2003
|
2004 KANSAS FARM MANAGEMENT ASSOCIATION, SW
ANALYSIS OF THE FARM BUSINESS
**BY OWNERSHIP TYPE SINGLE - TENANT
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 8,185
71 MACHINERY AND EQUIPMENT 73,570
72 MOTOR VEHICLES & LISTED PROPERTY 60,254
73 BUILDINGS 9,637
74 OWNED LAND 2,080
75 TOTAL ASSETS 231,870
76 NET WORTH 112,024
LABOR
77 NUMBER OF OPERATORS .78
78 NUMBER OF WORKERS 1.02
79 TOTAL WORK DAYS 207
80 VALUE FARM PRODUCTION/WORKER 216,672
81 NET FARM INCOME/WORKER 32,514
PER OPERATOR BASIS
82 TOTAL ASSETS 294,251
83 VALUE OF FARM PRODUCTION 280,463
84 NET FARM INCOME 42,086
OTHER FACTORS
85 % CROP ACRES IRRIGATED 33.26
86 % TILLABLE LAND 86.91
87 CROP MACH COST/TOT EXPENSE(%) 32.58
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1419 25 1419 25
89 NON-IRRIGATED CROP ACRES 979 21 979 21
90 IRRIGATED CROP ACRES 570 18 570 18
91 TOTAL CROP ACRES 1233 25 1233 25
92 PASTURE ACRES 864 5 864 5
93 FARMSTEAD ACRES 29 11 29 11
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1233 888
95 CROP MACHINERY INVESTMENT 128,957 104.58 145.30
96 CROP MACHINERY COST 61,202 49.63 68.96
97 GROSS CROP VALUE 230,360 186.82 259.56
98 CROP PRODUCTION COSTS 160,384 130.07 180.71
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 12 236 236 45.0
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 19 346 346 26.5
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 14 404 404 209.3
111 GRAIN SORGHUM 4 128 128 87.0
112 SOYBEANS 8 125 125 47.1
113 SUNFLOWERS
114 WHEAT 9 222 222 48.2
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 8
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCHASED FOR RESALE SALES
126 SWINE PURCHASED FOR RESALE SALES
127 TURKEYS
%%ISCC CHANGE_OVERLAY SUMMF2003
|
|