2006 County Report

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Printer Friendly Version Morris County 2005 DATA - NE KANSAS INCOME AND EXPENSE ANALYSIS SORTED BY COUNTY MORRIS 16 FARMS ITEM PER FARM 1 BEEF 93,054 2 DAIRY AND MILK 15,810 3 SHEEP 4 SWINE 5 POULTRY AND EGGS 6 OTHER LIVESTOCK 7 CUSTOM FEEDING 8 FEED PURCHASED -10,229 9 LIVESTOCK INCOME $ 98,635 10 CORN 10,658 11 GRAIN SORGHUM 10,765 12 SOYBEANS 30,111 13 SUNFLOWERS 14 WHEAT 25,569 15 HAY AND FORAGE 4,646 16 OTHER CROP 2,195 17 GOVERNMENT PAYMENTS 28,533 18 CROP INSURANCE PROCEEDS 3,705 19 OTHER INCOME 5,574 20 VALUE OF FARM PRODUCTION $ 220,390 21 HIRED LABOR 6,626 22 MACHINERY REPAIRS 17,426 23 IRRIGATION REPAIRS 4 24 BUILDING REPAIRS 934 25 INTEREST PAID 14,757 26 SEED-OTHER CROP EXPENSE 14,394 27 CROP INSURANCE 4,321 28 FERTILIZER-LIME 26,918 29 MACHINE HIRE 9,314 30 ORGANIZATION FEE, PUBLICATION 1,632 31 VET-MED-DRUGS 3,211 32 CROP STORAGE-MARKETING 540 33 LIVESTOCK MARKETING-BREEDING 4,569 34 DAIRY EXPENSE 35 GAS-FUEL-OIL 11,966 36 IRRIGATION ENERGY 15 37 REAL ESTATE TAXES 4,494 38 PERSONAL PROPERTY TAXES 475 39 GENERAL FARM INSURANCE 4,985 40 UTILITIES 2,897 41 CASH FARM RENT 19,236 42 HERBICIDE-INSECTICIDE 9,432 43 CONSERVATION 141 44 AUTO EXPENSE 493 45 TOTAL OPERATING EXPENSE $ 158,780 46 DEPRECIATION-MACHINERY 14,831 47 DEPRECIATION-BUILDINGS 1,071 48 TOTAL FARM EXPENSE $ 174,682 49 NET FARM INCOME $ 45,709 50 UNPAID FAMILY LABOR 51 UNPAID OPERATOR LABOR 28,688 52 MANAGEMENT CHARGE 11,819 53 CURRENT ASSET CHARGE - 8% 12,179 54 NONCURRENT ASSET CHARGE - 8% 39,564 55 RETURN LABOR-MANAGEMENT -6,035 56 RETURN TO CAPITAL 19,959 57 ASSET TURNOVER RATIO .2487 58 OPERATING PROFIT MARGIN RATIO .0906 59 % RETURN ON ASSETS .0225 60 % RETURN ON EQUITY .0080 61 TOTAL EXPENSE RATIO .7926 62 ADJUSTED TOTAL EXPENSE RATIO .9764 63 ECONOMIC TOTAL EXPENSE RATIO 1.2112 ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 64 CURRENT ASSETS 269,450 299,052 65 NONCURRENT ASSETS 592,578 611,305 66 CURRENT LIABILITIES 117,855 146,166 67 NONCURRENT LIABILITIES 114,939 99,832 68 CURRENT RATIO 2.29 2.05 69 DEBT TO ASSET RATIO .27 .27

2005 DATA - NE KANSAS ANALYSIS OF THE FARM BUSINESS SORTED BY COUNTY MORRIS AVERAGE ASSET & NET WORTH VALUES 70 BREEDING LIVESTOCK 109,514 71 MACHINERY AND EQUIPMENT 60,212 72 MOTOR VEHICLES & LISTED PROPE 81,214 73 BUILDINGS 11,614 74 OWNED LAND 443,316 75 TOTAL ASSETS 886,192 76 NET WORTH 646,796 LABOR 77 NUMBER OF OPERATORS 1.06 78 NUMBER OF WORKERS 1.25 79 TOTAL WORK DAYS 330 80 VALUE FARM PRODUCTION/WORKER 175,435 81 NET FARM INCOME/WORKER 36,385 PER OPERATOR BASIS 82 TOTAL ASSETS 834,063 83 VALUE OF FARM PRODUCTION 207,426 84 NET FARM INCOME 43,020 OTHER FACTORS 85 % CROP ACRES IRRIGATED .47 86 % TILLABLE LAND 50.77 87 CROP MACH COST/TOT EXPENSE(%) 27.49 ACRES TOTAL CNT OWNED CNT RENTED CNT 88 TOTAL ACRES 1967 16 705 15 1394 15 89 NON-IRRIGATED CROP ACRES 994 16 318 15 742 15 90 IRRIGATED CROP ACRES 91 TOTAL CROP ACRES 999 16 321 15 745 15 92 PASTURE ACRES 1088 14 426 13 970 10 93 FARMSTEAD ACRES 36 7 31 7 CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE 94 ACRES 999 867 95 CROP MACHINERY INVESTMENT 113,803 113.93 131.33 96 CROP MACHINERY COST 48,025 48.08 55.42 97 GROSS CROP VALUE 453,434 453.95 523.26 98 CROP PRODUCTION COSTS 119,210 119.34 137.57 NON-IRRIGATED ACRES AVE. OWNED RENTED CNT ACRES ACRES YIELD ACRES YIELD 99 CORN 11 162 90 96.2 139 62.1 100 GRAIN SORGHUM 11 192 77 76.4 158 69.3 101 SOYBEANS 12 246 97 574.9 174 35.9 102 SUNFLOWERS 103 WHEAT 14 315 94 31.7 260 34.8 104 OTHER CROPS 105 ALFALFA 9 90 77 3.1 49 3.5 106 OTHER HAY & FORAGE 13 129 63 107 107 VEGETABLES 108 TRUCK CROPS 109 FRUIT - FLOWERS - TREES IRRIGATED ACRES AVE. OWNED RENTED 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 118 VEGETABLES 119 TRUCK CROPS 120 FRUIT - FLOWERS - TREES AVERAGE LIVESTOCK INVENTORIES AND SALES 121 BEEF COWS 75 122 DAIRY COWS 123 EWES 124 SOWS 125 BEEF PURCH. FOR RESALE SALES 121 126 SWINE PURCH. FOR RESALE SALES 127 TURKEYS