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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY TOTAL CROP ACRES < 401 ACRES 401 - 800 ACRES
37 FARMS 82 FARMS
ITEM PER FARM PER FARM
1 BEEF 105,624 79,768
2 DAIRY AND MILK 43,548 20,217
3 SHEEP 359
4 SWINE 12,522 3,046
5 POULTRY AND EGGS 4
6 OTHER LIVESTOCK -1,011 -27
7 CUSTOM FEEDING 962 2,031
8 FEED PURCHASED -61,689 -33,320
9 LIVESTOCK INCOME $ 99,961 $ 72,074
10 CORN -37 2,706
11 GRAIN SORGHUM 3,073 9,480
12 SOYBEANS 4,654 13,730
13 SUNFLOWERS 125
14 WHEAT 9,526 25,815
15 HAY AND FORAGE 1,772 9,374
16 OTHER CROP 2,262 999
17 GOVERNMENT PAYMENTS 8,189 18,469
18 CROP INSURANCE PROCEEDS 399 1,268
19 OTHER INCOME 3,719 6,166
20 VALUE OF FARM PRODUCTION $ 133,517 $ 160,204
21 HIRED LABOR 9,290 3,266
22 MACHINERY REPAIRS 10,286 12,219
23 IRRIGATION REPAIRS 2 57
24 BUILDING REPAIRS 898 935
25 INTEREST PAID 9,318 10,252
26 SEED-OTHER CROP EXPENSE 3,407 8,029
27 CROP INSURANCE 681 2,158
28 FERTILIZER-LIME 7,893 17,387
29 MACHINE HIRE 6,842 6,030
30 ORGANIZATION FEE, PUBLICATION 1,930 1,852
31 VET-MED-DRUGS 5,390 3,304
32 CROP STORAGE-MARKETING 242 722
33 LIVESTOCK MARKETING-BREEDING 4,095 2,585
34 DAIRY EXPENSE 7,225 3,582
35 GAS-FUEL-OIL 6,418 10,299
36 IRRIGATION ENERGY 25
37 REAL ESTATE TAXES 3,181 3,347
38 PERSONAL PROPERTY TAXES 306 468
39 GENERAL FARM INSURANCE 3,451 2,858
40 UTILITIES 4,438 3,318
41 CASH FARM RENT 5,471 12,688
42 HERBICIDE-INSECTICIDE 3,059 7,490
43 CONSERVATION 185 227
44 AUTO EXPENSE 1,195 1,245
45 TOTAL OPERATING EXPENSE $ 95,228 $ 114,320
46 DEPRECIATION-MACHINERY 9,274 12,604
47 DEPRECIATION-BUILDINGS 2,197 1,382
48 TOTAL FARM EXPENSE $ 106,699 $ 128,306
49 NET FARM INCOME $ 26,818 $ 31,899
50 UNPAID FAMILY LABOR 973 1,290
51 UNPAID OPERATOR LABOR 21,235 23,707
52 MANAGEMENT CHARGE 7,773 8,773
53 CURRENT ASSET CHARGE - 8% 13,808 10,201
54 NONCURRENT ASSET CHARGE - 8% 28,625 27,198
55 RETURN LABOR-MANAGEMENT -16,587 -6,789
56 RETURN TO CAPITAL 6,155 8,381
57 ASSET TURNOVER RATIO .1891 .2356
58 OPERATING PROFIT MARGIN RATIO .0461 .0523
59 % RETURN ON ASSETS .0087 .0123
60 % RETURN ON EQUITY -.0060 -.0040
61 TOTAL EXPENSE RATIO .7991 .8009
62 ADJUSTED TOTAL EXPENSE RATIO 1.0237 1.0117
63 ECONOMIC TOTAL EXPENSE RATIO 1.3415 1.2451
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 261,846 268,535 220,164 246,383
65 NONCURRENT ASSETS 433,174 448,538 439,697 453,767
66 CURRENT LIABILITIES 91,164 94,026 98,814 112,715
67 NONCURRENT LIABILITIES 82,612 83,487 104,271 109,254
68 CURRENT RATIO 2.87 2.86 2.23 2.19
69 DEBT TO ASSET RATIO .25 .25 .31 .32
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY TOTAL CROP ACRES < 401 ACRES 401 - 800 ACRES
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 67,607 55,523
71 MACHINERY AND EQUIPMENT 29,350 40,313
72 MOTOR VEHICLES & LISTED PROPE 49,814 67,118
73 BUILDINGS 15,338 13,337
74 OWNED LAND 314,529 314,337
75 TOTAL ASSETS 706,046 680,006
76 NET WORTH 530,402 467,479
LABOR
77 NUMBER OF OPERATORS .78 .87
78 NUMBER OF WORKERS 1.12 1.04
79 TOTAL WORK DAYS 192 216
80 VALUE FARM PRODUCTION/WORKER 118,185 154,007
81 NET FARM INCOME/WORKER 23,739 30,665
PER OPERATOR BASIS
82 TOTAL ASSETS 897,722 774,451
83 VALUE OF FARM PRODUCTION 169,764 182,455
84 NET FARM INCOME 34,099 36,329
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.01 1.17
86 % TILLABLE LAND 38.64 50.72
87 CROP MACH COST/TOT EXPENSE(%) 19.26 29.32
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 684 37 304 35 444 33 1217 82 458 70 879 77
89 NON-IRRIGATED CROP ACRES 269 36 146 33 173 28 610 82 302 65 399 76
90 IRRIGATED CROP ACRES 84 7
91 TOTAL CROP ACRES 272 36 149 33 174 28 617 82 305 65 405 76
92 PASTURE ACRES 547 28 242 23 390 25 722 67 208 56 668 55
93 FARMSTEAD ACRES 21 10 16 10 37 21 33 17 28 8
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 264 263 617 617
95 CROP MACHINERY INVESTMENT 46,337 175.41 176.23 87,979 142.55 142.66
96 CROP MACHINERY COST 20,553 77.81 78.17 37,625 60.96 61.01
97 GROSS CROP VALUE 50,413 185.68 186.56 106,399 172.40 172.52
98 CROP PRODUCTION COSTS 43,203 159.13 159.87 85,525 138.58 138.68
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 6 28 27 63.5 32 86 76 84.6 62 91.8
100 GRAIN SORGHUM 23 69 46 73.9 51 74.0 66 129 73 80.4 93 70.8
101 SOYBEANS 19 55 29 33.4 46 35.1 56 121 72 32.4 92 31.6
102 SUNFLOWERS 4 50 31 7.7
103 WHEAT 26 118 78 39.9 79 36.6 79 255 130 38.8 187 37.9
104 OTHER CROPS 10 44 16 58
105 ALFALFA 28 61 42 3.8 52 3.7 58 84 58 3.4 78 3.3
106 OTHER HAY & FORAGE 27 75 46 56 66 95 70 68
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 4 37
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 32 38
122 DAIRY COWS 12 5
123 EWES 2
124 SOWS 13 2
125 BEEF PURCH. FOR RESALE SALES 243 70
126 SWINE PURCH. FOR RESALE SALES 10
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY TOTAL CROP ACRES 801 - 1,200 ACRES 1,201 - 1,600 ACRES
66 FARMS 47 FARMS
ITEM PER FARM PER FARM
1 BEEF 85,833 83,708
2 DAIRY AND MILK 7,701 9,450
3 SHEEP 542
4 SWINE 13,449 3,490
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -1,867 -153
7 CUSTOM FEEDING 1,647 43
8 FEED PURCHASED -21,167 -22,017
9 LIVESTOCK INCOME $ 86,139 $ 74,521
10 CORN 7,141 13,771
11 GRAIN SORGHUM 17,646 30,115
12 SOYBEANS 23,662 36,437
13 SUNFLOWERS 784 2,403
14 WHEAT 47,165 70,130
15 HAY AND FORAGE 7,206 4,489
16 OTHER CROP 1,030 3,350
17 GOVERNMENT PAYMENTS 32,111 42,310
18 CROP INSURANCE PROCEEDS 3,765 3,654
19 OTHER INCOME 9,894 15,748
20 VALUE OF FARM PRODUCTION $ 236,543 $ 296,928
21 HIRED LABOR 8,575 10,383
22 MACHINERY REPAIRS 19,419 25,738
23 IRRIGATION REPAIRS 566 162
24 BUILDING REPAIRS 1,763 1,167
25 INTEREST PAID 15,506 16,863
26 SEED-OTHER CROP EXPENSE 12,154 17,623
27 CROP INSURANCE 4,706 6,985
28 FERTILIZER-LIME 29,074 41,092
29 MACHINE HIRE 8,106 9,525
30 ORGANIZATION FEE, PUBLICATION 2,621 3,026
31 VET-MED-DRUGS 3,530 4,447
32 CROP STORAGE-MARKETING 1,266 1,222
33 LIVESTOCK MARKETING-BREEDING 4,635 1,982
34 DAIRY EXPENSE 709 671
35 GAS-FUEL-OIL 15,180 17,914
36 IRRIGATION ENERGY 248 647
37 REAL ESTATE TAXES 4,339 5,335
38 PERSONAL PROPERTY TAXES 836 852
39 GENERAL FARM INSURANCE 4,479 4,630
40 UTILITIES 4,398 4,323
41 CASH FARM RENT 17,573 19,671
42 HERBICIDE-INSECTICIDE 13,371 21,942
43 CONSERVATION 311 665
44 AUTO EXPENSE 1,102 1,223
45 TOTAL OPERATING EXPENSE $ 174,468 $ 218,087
46 DEPRECIATION-MACHINERY 17,864 25,426
47 DEPRECIATION-BUILDINGS 1,922 1,890
48 TOTAL FARM EXPENSE $ 194,254 $ 245,402
49 NET FARM INCOME $ 42,289 $ 51,526
50 UNPAID FAMILY LABOR 443 1,005
51 UNPAID OPERATOR LABOR 27,655 28,091
52 MANAGEMENT CHARGE 11,475 13,621
53 CURRENT ASSET CHARGE - 8% 10,707 9,784
54 NONCURRENT ASSET CHARGE - 8% 30,353 40,645
55 RETURN LABOR-MANAGEMENT 786 91
56 RETURN TO CAPITAL 18,223 25,671
57 ASSET TURNOVER RATIO .2941 .3124
58 OPERATING PROFIT MARGIN RATIO .0770 .0865
59 % RETURN ON ASSETS .0227 .0270
60 % RETURN ON EQUITY .0053 .0140
61 TOTAL EXPENSE RATIO .8212 .8265
62 ADJUSTED TOTAL EXPENSE RATIO .9885 .9703
63 ECONOMIC TOTAL EXPENSE RATIO 1.1621 1.1402
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 237,246 256,044 242,249 256,227
65 NONCURRENT ASSETS 543,074 572,041 685,297 717,061
66 CURRENT LIABILITIES 113,053 112,555 124,061 129,803
67 NONCURRENT LIABILITIES 176,566 179,719 185,543 200,687
68 CURRENT RATIO 2.10 2.27 1.95 1.97
69 DEBT TO ASSET RATIO .37 .35 .33 .34
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY TOTAL CROP ACRES 801 - 1,200 ACRES 1,201 - 1,600 ACRES
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 62,474 44,891
71 MACHINERY AND EQUIPMENT 54,107 73,912
72 MOTOR VEHICLES & LISTED PROPE 97,388 128,664
73 BUILDINGS 17,589 18,984
74 OWNED LAND 370,537 465,047
75 TOTAL ASSETS 804,203 950,417
76 NET WORTH 513,257 630,370
LABOR
77 NUMBER OF OPERATORS 1.02 1.04
78 NUMBER OF WORKERS 1.32 1.35
79 TOTAL WORK DAYS 310 359
80 VALUE FARM PRODUCTION/WORKER 179,035 218,398
81 NET FARM INCOME/WORKER 32,008 37,899
PER OPERATOR BASIS
82 TOTAL ASSETS 785,168 913,489
83 VALUE OF FARM PRODUCTION 230,945 285,391
84 NET FARM INCOME 41,288 49,524
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.94 2.25
86 % TILLABLE LAND 62.02 72.08
87 CROP MACH COST/TOT EXPENSE(%) 30.04 30.62
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1625 66 555 54 1207 64 1925 47 618 45 1333 47
89 NON-IRRIGATED CROP ACRES 988 66 366 53 715 64 1356 47 452 45 923 47
90 IRRIGATED CROP ACRES 143 9 143 8 123 12 98 10
91 TOTAL CROP ACRES 1008 66 369 53 733 64 1388 47 463 45 944 47
92 PASTURE ACRES 755 53 249 40 613 49 710 34 228 29 584 30
93 FARMSTEAD ACRES 35 20 26 17 26 10 84 13 38 9 75 10
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1008 1024 1388 1389
95 CROP MACHINERY INVESTMENT 125,778 124.82 122.80 172,478 124.30 124.17
96 CROP MACHINERY COST 58,347 57.90 56.96 75,153 54.16 54.10
97 GROSS CROP VALUE 177,699 176.34 173.49 255,407 184.07 183.87
98 CROP PRODUCTION COSTS 137,958 136.90 134.69 191,546 138.05 137.89
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 28 149 64 73.2 126 76.7 24 189 128 91.3 137 85.9
100 GRAIN SORGHUM 59 220 103 82.5 172 82.5 43 300 125 93.0 220 87.9
101 SOYBEANS 46 184 101 31.6 140 32.7 39 258 132 37.1 179 34.0
102 SUNFLOWERS 5 104 65 16.5 7 90 104 15.7
103 WHEAT 66 447 171 40.0 332 40.5 46 647 225 42.1 452 41.3
104 OTHER CROPS 6 27 31 4 50
105 ALFALFA 45 79 37 3.1 91 3.5 30 80 46 3.9 71 3.8
106 OTHER HAY & FORAGE 57 119 61 96 33 100 46 82
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 98 76 174.7 6 66 56 152.9
111 GRAIN SORGHUM 4 40 4 61
112 SOYBEANS 5 86 83 54.2 7 45 45 56.6
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE 4 51
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 53 36
122 DAIRY COWS 2 3
123 EWES 4
124 SOWS 15 4
125 BEEF PURCH. FOR RESALE SALES 127 137
126 SWINE PURCH. FOR RESALE SALES 49
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY TOTAL CROP ACRES 1,601 - 2,000 ACRES 2,001 - 2,400 ACRES
17 FARMS 15 FARMS
ITEM PER FARM PER FARM
1 BEEF 127,398 90,925
2 DAIRY AND MILK 123,883
3 SHEEP -16
4 SWINE -25 -9
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -3,752 -2,047
7 CUSTOM FEEDING 167 13,890
8 FEED PURCHASED -34,258 -40,002
9 LIVESTOCK INCOME $ 89,530 $ 186,624
10 CORN 18,909 28,426
11 GRAIN SORGHUM 38,977 55,925
12 SOYBEANS 60,091 59,659
13 SUNFLOWERS 634
14 WHEAT 87,721 99,669
15 HAY AND FORAGE 1,665 32,096
16 OTHER CROP 3,321 11,654
17 GOVERNMENT PAYMENTS 54,891 70,775
18 CROP INSURANCE PROCEEDS 6,629 5,067
19 OTHER INCOME 37,040 23,167
20 VALUE OF FARM PRODUCTION $ 399,408 $ 573,062
21 HIRED LABOR 18,610 56,381
22 MACHINERY REPAIRS 34,066 42,297
23 IRRIGATION REPAIRS 382 782
24 BUILDING REPAIRS 1,531 2,554
25 INTEREST PAID 27,256 32,024
26 SEED-OTHER CROP EXPENSE 28,392 25,360
27 CROP INSURANCE 8,951 9,955
28 FERTILIZER-LIME 55,437 69,464
29 MACHINE HIRE 17,872 20,111
30 ORGANIZATION FEE, PUBLICATION 4,401 4,724
31 VET-MED-DRUGS 6,917 9,368
32 CROP STORAGE-MARKETING 1,515 4,469
33 LIVESTOCK MARKETING-BREEDING 3,092 4,979
34 DAIRY EXPENSE 11,440
35 GAS-FUEL-OIL 22,851 32,818
36 IRRIGATION ENERGY 1,025 740
37 REAL ESTATE TAXES 5,010 6,982
38 PERSONAL PROPERTY TAXES 762 1,964
39 GENERAL FARM INSURANCE 5,715 7,975
40 UTILITIES 4,217 16,487
41 CASH FARM RENT 39,112 61,039
42 HERBICIDE-INSECTICIDE 24,525 28,718
43 CONSERVATION 1,366 728
44 AUTO EXPENSE 699 937
45 TOTAL OPERATING EXPENSE $ 313,704 $ 452,295
46 DEPRECIATION-MACHINERY 31,385 50,120
47 DEPRECIATION-BUILDINGS 2,820 7,224
48 TOTAL FARM EXPENSE $ 347,909 $ 509,639
49 NET FARM INCOME $ 51,499 $ 63,423
50 UNPAID FAMILY LABOR 3,838 900
51 UNPAID OPERATOR LABOR 28,588 34,740
52 MANAGEMENT CHARGE 15,937 19,650
53 CURRENT ASSET CHARGE - 8% 18,694 18,674
54 NONCURRENT ASSET CHARGE - 8% 42,086 34,736
55 RETURN LABOR-MANAGEMENT -13,120 9,113
56 RETURN TO CAPITAL 30,391 40,157
57 ASSET TURNOVER RATIO .3358 .4593
58 OPERATING PROFIT MARGIN RATIO .0761 .0701
59 % RETURN ON ASSETS .0256 .0322
60 % RETURN ON EQUITY .0041 .0122
61 TOTAL EXPENSE RATIO .8711 .8893
62 ADJUSTED TOTAL EXPENSE RATIO .9921 .9858
63 ECONOMIC TOTAL EXPENSE RATIO 1.1443 1.0790
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 381,157 438,670 424,872 466,642
65 NONCURRENT ASSETS 759,732 799,139 789,032 814,971
66 CURRENT LIABILITIES 150,999 201,466 196,240 228,414
67 NONCURRENT LIABILITIES 236,428 270,283 364,666 370,943
68 CURRENT RATIO 2.52 2.18 2.17 2.04
69 DEBT TO ASSET RATIO .34 .38 .46 .47
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY TOTAL CROP ACRES 1,601 - 2,000 ACRES 2,001 - 2,400 ACRES
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 98,194 96,655
71 MACHINERY AND EQUIPMENT 87,019 141,053
72 MOTOR VEHICLES & LISTED PROPE 141,272 220,822
73 BUILDINGS 28,515 62,739
74 OWNED LAND 507,006 340,138
75 TOTAL ASSETS 1,189,349 1,247,759
76 NET WORTH 759,760 667,627
LABOR
77 NUMBER OF OPERATORS 1.05 1.28
78 NUMBER OF WORKERS 1.71 3.25
79 TOTAL WORK DAYS 460 728
80 VALUE FARM PRODUCTION/WORKER 232,532 176,146
81 NET FARM INCOME/WORKER 29,982 19,495
PER OPERATOR BASIS
82 TOTAL ASSETS 1,123,274 969,761
83 VALUE OF FARM PRODUCTION 377,218 445,385
84 NET FARM INCOME 48,638 49,292
OTHER FACTORS
85 % CROP ACRES IRRIGATED 3.98 6.81
86 % TILLABLE LAND 63.78 77.93
87 CROP MACH COST/TOT EXPENSE(%) 25.17 25.15
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2753 17 789 13 2149 17 2770 15 1317 8 2216 14
89 NON-IRRIGATED CROP ACRES 1686 17 490 13 1311 17 2012 15 1084 8 1536 14
90 IRRIGATED CROP ACRES 441 5 376 5
91 TOTAL CROP ACRES 1756 17 503 13 1371 17 2159 15 1124 8 1671 14
92 PASTURE ACRES 1409 12 460 8 1203 11 764 11 193 5 826 9
93 FARMSTEAD ACRES 110 7
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1756 1843 2159 2171
95 CROP MACHINERY INVESTMENT 189,294 107.80 102.69 275,961 127.82 127.11
96 CROP MACHINERY COST 87,584 49.88 47.51 128,176 59.37 59.04
97 GROSS CROP VALUE 342,258 194.91 185.68 427,273 197.90 196.80
98 CROP PRODUCTION COSTS 241,925 137.77 131.25 325,644 150.83 149.99
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 10 111 44 51.3 103 76.2 10 152 167 79.0 87 88.7
100 GRAIN SORGHUM 16 430 185 86.9 360 82.8 14 405 396 100.6 274 84.8
101 SOYBEANS 15 402 174 29.9 331 31.3 15 326 129 32.0 307 33.1
102 SUNFLOWERS
103 WHEAT 17 738 149 42.0 641 39.3 15 861 447 40.8 719 39.3
104 OTHER CROPS
105 ALFALFA 8 116 71 4.8 82 3.1 11 262 52 3.3 268 3.3
106 OTHER HAY & FORAGE 10 218 109 131 11 224 64 221
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 4 167 151 185.1 5 306 249 179.5
111 GRAIN SORGHUM
112 SOYBEANS 4 108 4 148 148 56.9
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 49 35
122 DAIRY COWS 37
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 256 171
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY TOTAL CROP ACRES 2,401 - 2,800 ACRES > 2,801 ACRES
7 FARMS 13 FARMS
ITEM PER FARM PER FARM
1 BEEF 104,669 243,221
2 DAIRY AND MILK -773
3 SHEEP 77
4 SWINE -107
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -1,951 -4,271
7 CUSTOM FEEDING 4,604
8 FEED PURCHASED -13,237 -36,233
9 LIVESTOCK INCOME $ 89,481 $ 206,517
10 CORN 38,595 38,265
11 GRAIN SORGHUM 56,170 61,663
12 SOYBEANS 78,960 104,893
13 SUNFLOWERS 8,817 1,012
14 WHEAT 107,799 176,530
15 HAY AND FORAGE 17,956 10,318
16 OTHER CROP 322 505
17 GOVERNMENT PAYMENTS 80,041 87,014
18 CROP INSURANCE PROCEEDS 5,759 15,268
19 OTHER INCOME 10,702 47,542
20 VALUE OF FARM PRODUCTION $ 494,604 $ 749,526
21 HIRED LABOR 28,638 49,524
22 MACHINERY REPAIRS 34,893 59,556
23 IRRIGATION REPAIRS 2,777 642
24 BUILDING REPAIRS 4,353 957
25 INTEREST PAID 28,598 56,592
26 SEED-OTHER CROP EXPENSE 31,701 42,446
27 CROP INSURANCE 9,520 15,183
28 FERTILIZER-LIME 67,924 97,038
29 MACHINE HIRE 9,781 29,915
30 ORGANIZATION FEE, PUBLICATION 3,738 7,526
31 VET-MED-DRUGS 4,415 8,287
32 CROP STORAGE-MARKETING 4,820 1,127
33 LIVESTOCK MARKETING-BREEDING 1,221 16,055
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 31,998 41,870
36 IRRIGATION ENERGY 180 1,655
37 REAL ESTATE TAXES 7,159 7,421
38 PERSONAL PROPERTY TAXES 2,731 2,720
39 GENERAL FARM INSURANCE 6,736 13,621
40 UTILITIES 8,885 10,232
41 CASH FARM RENT 48,555 67,910
42 HERBICIDE-INSECTICIDE 26,053 53,725
43 CONSERVATION 375 336
44 AUTO EXPENSE 202 736
45 TOTAL OPERATING EXPENSE $ 365,255 $ 585,074
46 DEPRECIATION-MACHINERY 51,369 62,823
47 DEPRECIATION-BUILDINGS 3,617 5,871
48 TOTAL FARM EXPENSE $ 420,241 $ 653,768
49 NET FARM INCOME $ 74,363 $ 95,759
50 UNPAID FAMILY LABOR
51 UNPAID OPERATOR LABOR 34,714 39,462
52 MANAGEMENT CHARGE 20,217 29,070
53 CURRENT ASSET CHARGE - 8% 9,034 9,026
54 NONCURRENT ASSET CHARGE - 8% 50,967 48,354
55 RETURN LABOR-MANAGEMENT 14,362 38,379
56 RETURN TO CAPITAL 48,030 83,820
57 ASSET TURNOVER RATIO .3986 .4125
58 OPERATING PROFIT MARGIN RATIO .0971 .1118
59 % RETURN ON ASSETS .0387 .0461
60 % RETURN ON EQUITY .0259 .0380
61 TOTAL EXPENSE RATIO .8497 .8722
62 ADJUSTED TOTAL EXPENSE RATIO .9607 .9637
63 ECONOMIC TOTAL EXPENSE RATIO 1.0820 1.0402
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 323,784 366,226 659,217 724,377
65 NONCURRENT ASSETS 883,411 908,591 1,100,204 1,150,173
66 CURRENT LIABILITIES 218,443 245,718 562,340 595,610
67 NONCURRENT LIABILITIES 250,678 267,147 500,804 540,728
68 CURRENT RATIO 1.48 1.49 1.17 1.22
69 DEBT TO ASSET RATIO .39 .40 .60 .61
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY TOTAL CROP ACRES 2,401 - 2,800 ACRES > 2,801 ACRES
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 65,961 179,082
71 MACHINERY AND EQUIPMENT 129,187 188,025
72 MOTOR VEHICLES & LISTED PROPE 191,721 252,636
73 BUILDINGS 37,949 65,263
74 OWNED LAND 498,125 588,490
75 TOTAL ASSETS 1,241,006 1,816,986
76 NET WORTH 750,014 717,245
LABOR
77 NUMBER OF OPERATORS 1.28 1.46
78 NUMBER OF WORKERS 2.08 2.96
79 TOTAL WORK DAYS 586 856
80 VALUE FARM PRODUCTION/WORKER 237,139 253,087
81 NET FARM INCOME/WORKER 35,653 32,334
PER OPERATOR BASIS
82 TOTAL ASSETS 965,227 1,243,201
83 VALUE OF FARM PRODUCTION 384,692 512,834
84 NET FARM INCOME 57,838 65,519
OTHER FACTORS
85 % CROP ACRES IRRIGATED 4.13 2.96
86 % TILLABLE LAND 79.12 75.72
87 CROP MACH COST/TOT EXPENSE(%) 32.69 28.08
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3199 7 1171 5 2363 7 4733 13 1168 8 4014 13
89 NON-IRRIGATED CROP ACRES 2427 7 1987 7 3478 13 807 8 2981 13
90 IRRIGATED CROP ACRES 276 5 276 5
91 TOTAL CROP ACRES 2531 7 2063 7 3584 13 807 8 3087 13
92 PASTURE ACRES 912 5 2267 11 412 7 2005 11
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2531 2543 3584 3561
95 CROP MACHINERY INVESTMENT 282,559 111.62 111.12 393,852 109.90 110.59
96 CROP MACHINERY COST 137,388 54.27 54.03 183,562 51.22 51.54
97 GROSS CROP VALUE 515,122 203.49 202.58 669,383 186.78 187.95
98 CROP PRODUCTION COSTS 329,918 130.33 129.74 478,612 133.55 134.39
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 7 520 586 100.9
100 GRAIN SORGHUM 7 443 384 106.1 12 659 196 100.0 594 88.8
101 SOYBEANS 6 434 339 38.3 9 711 178 38.7 632 38.0
102 SUNFLOWERS 4 229 188 12.7
103 WHEAT 7 1160 996 37.9 13 1680 390 46.9 1440 42.6
104 OTHER CROPS
105 ALFALFA 6 123 135 3.3 9 144 89 4.5 107 4.0
106 OTHER HAY & FORAGE 5 114 95 11 248 81 257
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
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 53 76
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 92 359
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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