North Central KFMA
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       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                             < 350,001                        350,001 - 500,000   
                                                          6 FARMS                                   8 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                                                                      32,579 
        2  DAIRY AND MILK                                  10,995                                      -688 
        3  SHEEP  
        4  SWINE                                           22,933 
        5  POULTRY AND EGGS                                                                              19 
        6  OTHER LIVESTOCK                                   -900                                       684 
        7  CUSTOM FEEDING     
        8  FEED PURCHASED                                  -4,346                                    -4,965 
        9     LIVESTOCK INCOME                       $     28,683                              $     27,629 
      
       10  CORN                                              -299                                       588 
       11  GRAIN SORGHUM                                    2,359                                     6,585 
       12  SOYBEANS                                         8,724                                     2,348 
       13  SUNFLOWERS   
       14  WHEAT                                            9,153                                    10,836 
       15  HAY AND FORAGE                                  30,073                                     1,806 
       16  OTHER CROP                                       2,944                                     5,770 
       17  GOVERNMENT PAYMENTS                              8,225                                     8,854 
       18  CROP INSURANCE PROCEEDS                            720                                       223 
       19  OTHER INCOME                                     4,255                                     4,227 
       20     VALUE OF FARM PRODUCTION               $     94,836                              $     68,864 
      
       21  HIRED LABOR                                        650                                        42 
       22  MACHINERY REPAIRS                                9,337                                     7,667 
       23  IRRIGATION REPAIRS                                  14 
       24  BUILDING REPAIRS                                   747                                       258 
       25  INTEREST PAID                                   11,361                                     5,784 
       26  SEED-OTHER CROP EXPENSE                          6,754                                     2,487 
       27  CROP INSURANCE                                     821                                     1,077 
       28  FERTILIZER-LIME                                  6,629                                     6,928 
       29  MACHINE HIRE                                    10,050                                     1,022 
       30  ORGANIZATION FEE, PUBLICATION                    1,461                                     1,376 
       31  VET-MED-DRUGS                                      399                                     1,166 
       32  CROP STORAGE-MARKETING                              48 
       33  LIVESTOCK MARKETING-BREEDING                     2,368                                       867 
       34  DAIRY EXPENSE                                      278                                        11 
       35  GAS-FUEL-OIL                                     6,401                                     6,166 
       36  IRRIGATION ENERGY                                  113 
       37  REAL ESTATE TAXES                                3,171                                     2,096 
       38  PERSONAL PROPERTY TAXES                            381                                       146 
       39  GENERAL FARM INSURANCE                           2,949                                     1,753 
       40  UTILITIES                                        4,103                                     2,544 
       41  CASH FARM RENT                                   4,037                                     2,996 
       42  HERBICIDE-INSECTICIDE                            3,734                                     2,454 
       43  CONSERVATION                                       694                                       226 
       44  AUTO EXPENSE                                     2,926                                     1,739 
       45     TOTAL OPERATING EXPENSE                $     79,426                              $     48,806 
      
       46  DEPRECIATION-MACHINERY                           7,116                                     6,692 
       47  DEPRECIATION-BUILDINGS                           3,788                                       691 
       48     TOTAL FARM EXPENSE                     $     90,330                              $     56,189 
      
       49     NET FARM INCOME                        $      4,506                              $     12,676 
      
       50  UNPAID FAMILY LABOR                              3,375                                     1,688 
       51  UNPAID OPERATOR LABOR                           18,450                                    17,550 
       52  MANAGEMENT CHARGE                                2,280                                     3,746 
       53  CURRENT ASSET CHARGE - 8%                          405                                     3,017 
       54  NONCURRENT ASSET CHARGE - 8%                     6,012                                     9,843 
       55  RETURN LABOR-MANAGEMENT                         -5,286                                    -1,872 
       56  RETURN TO CAPITAL                               -8,238                                    -4,524 
       57  ASSET TURNOVER RATIO                             .4470                                     .2496 
       58  OPERATING PROFIT MARGIN RATIO                   -.0869                                    -.0657 
       59  % RETURN ON ASSETS                              -.0388                                    -.0164 
       60  % RETURN ON EQUITY                              -.2444                                    -.0641 
       61  TOTAL EXPENSE RATIO                              .9525                                     .8159 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.2067                                    1.1497 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2743                                    1.3364 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           44,081                55,422              79,222                92,231    
       65  NONCURRENT ASSETS                       165,518               159,308             188,642               191,780    
       66  CURRENT LIABILITIES                      35,732                53,656              40,318                55,697    
       67  NONCURRENT LIABILITIES                   91,109                83,419              72,479                61,880    
       68  CURRENT RATIO                              1.23                  1.03                1.96                  1.66    
       69  DEBT TO ASSET RATIO                         .61                   .64                 .42                   .41    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                             < 350,001                        350,001 - 500,000   
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              20,171                                    30,433 
       71  MACHINERY AND EQUIPMENT                         21,170                                    23,321 
       72  MOTOR VEHICLES & LISTED PROPE                   33,135                                    33,250 
       73  BUILDINGS                                       20,393                                     7,061 
       74  OWNED LAND                                      84,803                                   124,312 
       75  TOTAL ASSETS                                   212,165                                   275,938 
       76  NET WORTH                                       80,206                                   160,750 
      
       LABOR
       77  NUMBER OF OPERATORS                                .68                                       .65 
       78  NUMBER OF WORKERS                                  .83                                       .73 
       79  TOTAL WORK DAYS                                    154                                       111 
       80  VALUE FARM PRODUCTION/WORKER                   113,804                                    93,375 
       81  NET FARM INCOME/WORKER                           5,407                                    17,188 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   310,485                                   424,519 
       83  VALUE OF FARM PRODUCTION                       138,785                                   105,945 
       84  NET FARM INCOME                                  6,594                                    19,501 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            5.50 
       86  % TILLABLE LAND                                  93.99                                     65.24 
       87  CROP MACH COST/TOT EXPENSE(%)                    34.29                                     32.77 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      319     6    224     6                     445     8    237     8    208     8    
       89  NON-IRRIGATED CROP ACRES         284     6    201     6                     290     8    192     7    139     7    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 300     6    215     6                     290     8    192     7    139     7    
       92  PASTURE ACRES                                                               173     7     88     6    137     5    
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           300           316                         290           252  
       95  CROP MACHINERY INVESTMENT           51,987        173.29        164.41         41,117        141.78        163.37  
       96  CROP MACHINERY COST                 30,975        103.25         97.96         18,413         63.49         73.16  
       97  GROSS CROP VALUE                    65,506        218.35        207.17         43,446        149.82        172.63  
       98  CROP PRODUCTION COSTS               60,607        202.02        191.67         41,701        125.82        144.98  
      
       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    149    100    74.1    49    73.8  
      101  SOYBEANS                         5     37     16    25.9     
      102  SUNFLOWERS   
      103  WHEAT                            4    120                                   6    108     77    38.9    45    45.4  
      104  OTHER CROPS  
      105  ALFALFA                          5    130    157     3.0                    6     40                   40     3.9  
      106  OTHER HAY & FORAGE               4     68     68                            5     54     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   
      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                                                                                     22 
      122  DAIRY COWS                                           4 
      123  EWES   
      124  SOWS                                                41 
      125  BEEF PURCH. FOR RESALE SALES                                                                  30 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                     500,001 - 750,000                        750,001 - 1,000,000 
                                                         29 FARMS                                  29 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            25,671                                    17,472 
        2  DAIRY AND MILK                                  22,720                                    18,631 
        3  SHEEP                                            1,843                                        -8 
        4  SWINE                                                                                      8,154 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                    273                                        62 
        7  CUSTOM FEEDING                                      52 
        8  FEED PURCHASED                                  -9,695                                   -12,139 
        9     LIVESTOCK INCOME                       $     40,864                              $     32,172 
      
       10  CORN                                               877                                    10,604 
       11  GRAIN SORGHUM                                   10,159                                    12,551 
       12  SOYBEANS                                        10,202                                    17,542 
       13  SUNFLOWERS                                          66                                       -36 
       14  WHEAT                                           23,022                                    31,749 
       15  HAY AND FORAGE                                   4,176                                     6,666 
       16  OTHER CROP                                       1,582                                       617 
       17  GOVERNMENT PAYMENTS                             16,036                                    23,150 
       18  CROP INSURANCE PROCEEDS                          2,489                                       494 
       19  OTHER INCOME                                     4,973                                     3,328 
       20     VALUE OF FARM PRODUCTION               $    114,445                              $    138,837 
      
       21  HIRED LABOR                                      3,839                                     5,407 
       22  MACHINERY REPAIRS                               10,504                                    10,769 
       23  IRRIGATION REPAIRS                                   3                                        99 
       24  BUILDING REPAIRS                                   798                                       832 
       25  INTEREST PAID                                    7,034                                     5,149 
       26  SEED-OTHER CROP EXPENSE                          6,513                                     8,177 
       27  CROP INSURANCE                                   2,287                                     2,324 
       28  FERTILIZER-LIME                                 15,617                                    20,647 
       29  MACHINE HIRE                                     4,538                                     2,521 
       30  ORGANIZATION FEE, PUBLICATION                    1,609                                     1,352 
       31  VET-MED-DRUGS                                    2,458                                     1,566 
       32  CROP STORAGE-MARKETING                             483                                       937 
       33  LIVESTOCK MARKETING-BREEDING                     1,484                                       965 
       34  DAIRY EXPENSE                                    5,049                                     2,369 
       35  GAS-FUEL-OIL                                     8,223                                     8,463 
       36  IRRIGATION ENERGY  
       37  REAL ESTATE TAXES                                2,872                                     4,145 
       38  PERSONAL PROPERTY TAXES                            286                                       303 
       39  GENERAL FARM INSURANCE                           2,650                                     2,955 
       40  UTILITIES                                        3,431                                     2,979 
       41  CASH FARM RENT                                   9,828                                     7,669 
       42  HERBICIDE-INSECTICIDE                            6,935                                     9,333 
       43  CONSERVATION                                       115                                       874 
       44  AUTO EXPENSE                                       699                                     1,104 
       45     TOTAL OPERATING EXPENSE                $     97,252                              $    100,940 
      
       46  DEPRECIATION-MACHINERY                           8,135                                    12,512 
       47  DEPRECIATION-BUILDINGS                             888                                       734 
       48     TOTAL FARM EXPENSE                     $    106,276                              $    114,186 
      
       49     NET FARM INCOME                        $      8,169                              $     24,651 
      
       50  UNPAID FAMILY LABOR                                466                                       155 
       51  UNPAID OPERATOR LABOR                           21,879                                    21,134 
       52  MANAGEMENT CHARGE                                3,749                                     6,818 
       53  CURRENT ASSET CHARGE - 8%                        4,539                                     6,486 
       54  NONCURRENT ASSET CHARGE - 8%                    14,441                                    33,930 
       55  RETURN LABOR-MANAGEMENT                        -11,277                                   -15,920 
       56  RETURN TO CAPITAL                              -10,891                                     1,692 
       57  ASSET TURNOVER RATIO                             .3039                                     .2286 
       58  OPERATING PROFIT MARGIN RATIO                   -.0952                                     .0122 
       59  % RETURN ON ASSETS                              -.0289                                     .0028 
       60  % RETURN ON EQUITY                              -.0756                                    -.0068 
       61  TOTAL EXPENSE RATIO                              .9286                                     .8224 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1566                                    1.0249 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.3225                                    1.3160 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          108,613               105,267             114,139               123,430    
       65  NONCURRENT ASSETS                       266,779               272,532             474,795               502,098    
       66  CURRENT LIABILITIES                      48,926                51,472              35,729                39,691    
       67  NONCURRENT LIABILITIES                   91,501                86,792              57,507                71,140    
       68  CURRENT RATIO                              2.22                  2.05                3.19                  3.11    
       69  DEBT TO ASSET RATIO                         .37                   .37                 .16                   .18    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                     500,001 - 750,000                        750,001 - 1,000,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              34,597                                    27,936 
       71  MACHINERY AND EQUIPMENT                         28,444                                    40,626 
       72  MOTOR VEHICLES & LISTED PROPE                   46,227                                    72,514 
       73  BUILDINGS                                        9,401                                     8,864 
       74  OWNED LAND                                     173,520                                   343,405 
       75  TOTAL ASSETS                                   376,595                                   607,231 
       76  NET WORTH                                      237,250                                   505,197 
      
       LABOR
       77  NUMBER OF OPERATORS                                .81                                       .78 
       78  NUMBER OF WORKERS                                  .98                                       .98 
       79  TOTAL WORK DAYS                                    173                                       186 
       80  VALUE FARM PRODUCTION/WORKER                   116,453                                   140,289 
       81  NET FARM INCOME/WORKER                           8,312                                    24,909 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   464,735                                   775,757 
       83  VALUE OF FARM PRODUCTION                       141,230                                   177,369 
       84  NET FARM INCOME                                 10,081                                    31,493 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            1.40                                       .51 
       86  % TILLABLE LAND                                  71.20                                     74.89 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.06                                     33.86 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      777    29    404    22    471    29        923    29    589    26    440    26    
       89  NON-IRRIGATED CROP ACRES         546    29    289    22    351    27        688    29    438    26    357    24    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 554    29    289    22    359    27        691    29    438    26    361    24    
       92  PASTURE ACRES                    289    22    164    15    244    16        316    19    189    17    232    12    
       93  FARMSTEAD ACRES                   20     7     15     5                      80     9     80     9     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           554           559                         691           667  
       95  CROP MACHINERY INVESTMENT           61,540        111.17        110.13        101,544        146.87        152.17  
       96  CROP MACHINERY COST                 28,756         51.95         51.46         38,658         55.91         57.93  
       97  GROSS CROP VALUE                    88,538        159.94        158.45        114,428        165.51        171.47  
       98  CROP PRODUCTION COSTS               71,792        129.69        128.48         94,393        136.53        141.45  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             6     59     46    74.1                   13    160    129    89.9    73    85.3  
      100  GRAIN SORGHUM                   23    129     65    75.9    87    71.4     25    162    105    78.0   128    66.0  
      101  SOYBEANS                        17    132     68    30.4   103    32.0     20    146    121    35.4    74    30.7  
      102  SUNFLOWERS   
      103  WHEAT                           28    269    157    37.1   184    36.6     28    283    178    39.9   174    38.3  
      104  OTHER CROPS  
      105  ALFALFA                         21     64     32     3.3    74     3.4     15     60     39     3.2    64     3.6  
      106  OTHER HAY & FORAGE              20     73     36            55             18     70     62            44    
      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                                           19                                        14 
      122  DAIRY COWS                                           6                                         5 
      123  EWES                                                13 
      124  SOWS                                                                                           5 
      125  BEEF PURCH. FOR RESALE SALES                        19                                        13 
      126  SWINE PURCH. FOR RESALE SALES                                                                 12 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   1,000,001 - 1,375,000                    1,375,001 - 1,750,000 
                                                         64 FARMS                                  39 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            53,441                                    75,150 
        2  DAIRY AND MILK                                  23,869                                    13,598 
        3  SHEEP                                              185 
        4  SWINE                                            2,033                                    13,242 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -642                                      -136 
        7  CUSTOM FEEDING                                     774                                     1,888 
        8  FEED PURCHASED                                 -14,530                                   -20,220 
        9     LIVESTOCK INCOME                       $     65,128                              $     83,522 
      
       10  CORN                                             3,597                                     7,418 
       11  GRAIN SORGHUM                                   17,681                                    19,724 
       12  SOYBEANS                                        19,780                                    22,965 
       13  SUNFLOWERS                                         968                                       565 
       14  WHEAT                                           36,656                                    49,388 
       15  HAY AND FORAGE                                   9,579                                     2,753 
       16  OTHER CROP                                       1,443                                       592 
       17  GOVERNMENT PAYMENTS                             23,215                                    31,730 
       18  CROP INSURANCE PROCEEDS                          2,293                                     3,046 
       19  OTHER INCOME                                     7,980                                    12,174 
       20     VALUE OF FARM PRODUCTION               $    188,320                              $    233,877 
      
       21  HIRED LABOR                                      4,097                                     9,412 
       22  MACHINERY REPAIRS                               17,547                                    15,584 
       23  IRRIGATION REPAIRS                                 222                                       137 
       24  BUILDING REPAIRS                                 1,002                                     1,503 
       25  INTEREST PAID                                   12,790                                    14,993 
       26  SEED-OTHER CROP EXPENSE                         11,172                                    12,199 
       27  CROP INSURANCE                                   2,989                                     4,872 
       28  FERTILIZER-LIME                                 20,888                                    34,185 
       29  MACHINE HIRE                                     7,788                                     8,522 
       30  ORGANIZATION FEE, PUBLICATION                    2,587                                     2,068 
       31  VET-MED-DRUGS                                    2,819                                     3,903 
       32  CROP STORAGE-MARKETING                           1,036                                     1,251 
       33  LIVESTOCK MARKETING-BREEDING                     2,671                                     2,488 
       34  DAIRY EXPENSE                                    2,917                                       810 
       35  GAS-FUEL-OIL                                    12,105                                    14,691 
       36  IRRIGATION ENERGY                                  289                                       266 
       37  REAL ESTATE TAXES                                3,387                                     4,033 
       38  PERSONAL PROPERTY TAXES                            521                                       666 
       39  GENERAL FARM INSURANCE                           3,104                                     4,667 
       40  UTILITIES                                        3,718                                     4,529 
       41  CASH FARM RENT                                  11,926                                    14,572 
       42  HERBICIDE-INSECTICIDE                           10,358                                    15,280 
       43  CONSERVATION                                       378                                        83 
       44  AUTO EXPENSE                                     1,750                                       948 
       45     TOTAL OPERATING EXPENSE                $    138,058                              $    171,660 
      
       46  DEPRECIATION-MACHINERY                          13,794                                    19,398 
       47  DEPRECIATION-BUILDINGS                           1,734                                     1,681 
       48     TOTAL FARM EXPENSE                     $    153,586                              $    192,739 
      
       49     NET FARM INCOME                        $     34,733                              $     41,138 
      
       50  UNPAID FAMILY LABOR                                949                                       865 
       51  UNPAID OPERATOR LABOR                           25,439                                    29,008 
       52  MANAGEMENT CHARGE                                9,221                                    11,286 
       53  CURRENT ASSET CHARGE - 8%                        9,674                                     9,039 
       54  NONCURRENT ASSET CHARGE - 8%                    23,290                                    30,401 
       55  RETURN LABOR-MANAGEMENT                            820                                       833 
       56  RETURN TO CAPITAL                               11,914                                    14,972 
       57  ASSET TURNOVER RATIO                             .2966                                     .3032 
       58  OPERATING PROFIT MARGIN RATIO                    .0633                                     .0640 
       59  % RETURN ON ASSETS                               .0188                                     .0194 
       60  % RETURN ON EQUITY                              -.0021 
       61  TOTAL EXPENSE RATIO                              .8156                                     .8241 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0047                                    1.0001 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1797                                    1.1687 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          186,115               200,250             233,810               233,706    
       65  NONCURRENT ASSETS                       436,143               447,185             532,329               542,946    
       66  CURRENT LIABILITIES                      69,562                74,956             121,723               119,825    
       67  NONCURRENT LIABILITIES                  149,801               151,270             157,685               157,562    
       68  CURRENT RATIO                              2.68                  2.67                1.92                  1.95    
       69  DEBT TO ASSET RATIO                         .35                   .35                 .36                   .36    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   1,000,001 - 1,375,000                    1,375,001 - 1,750,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              58,287                                    64,799 
       71  MACHINERY AND EQUIPMENT                         43,416                                    54,909 
       72  MOTOR VEHICLES & LISTED PROPE                   71,387                                    97,960 
       73  BUILDINGS                                       14,166                                    16,630 
       74  OWNED LAND                                     301,026                                   347,829 
       75  TOTAL ASSETS                                   634,846                                   771,396 
       76  NET WORTH                                      412,052                                   492,998 
      
       LABOR
       77  NUMBER OF OPERATORS                                .94                                      1.07 
       78  NUMBER OF WORKERS                                 1.14                                      1.26 
       79  TOTAL WORK DAYS                                    245                                       308 
       80  VALUE FARM PRODUCTION/WORKER                   164,651                                   184,267 
       81  NET FARM INCOME/WORKER                          30,368                                    32,412 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   673,800                                   718,005 
       83  VALUE OF FARM PRODUCTION                       199,875                                   217,690 
       84  NET FARM INCOME                                 36,865                                    38,291 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            2.16                                      1.49 
       86  % TILLABLE LAND                                  66.46                                     67.39 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.35                                     27.67 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1187    64    428    57    832    62       1539    39    499    34   1104    39    
       89  NON-IRRIGATED CROP ACRES         772    64    273    54    559    62       1021    39    354    31    759    38    
       90  IRRIGATED CROP ACRES             137     8                 165     5        100     6                  74     5    
       91  TOTAL CROP ACRES                 789    64    278    54    572    62       1037    39    362    31    769    38    
       92  PASTURE ACRES                    483    50    202    43    343    45        600    32    214    26    440    31    
       93  FARMSTEAD ACRES                   56    24     33    21     50    13         46     8     25     7     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           789           789                        1037          1058  
       95  CROP MACHINERY INVESTMENT           95,639        121.23        121.24        123,008        118.63        116.23  
       96  CROP MACHINERY COST                 46,612         59.08         59.09         53,333         51.43         50.39  
       97  GROSS CROP VALUE                   143,731        182.19        182.21        182,831        176.32        172.75  
       98  CROP PRODUCTION COSTS              106,700        135.25        135.27        140,417        135.41        132.67  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            21    104     79    84.9    86    80.3     21    115     45    74.6   107    75.4  
      100  GRAIN SORGHUM                   56    183     89    92.7   142    82.8     35    252    104    86.1   211    79.2  
      101  SOYBEANS                        48    149     91    34.0   111    33.9     30    188     75    33.8   140    30.4  
      102  SUNFLOWERS                       6     91     42    15.7    84    13.0   
      103  WHEAT                           59    349    145    40.9   254    40.2     38    502    169    39.4   388    38.6  
      104  OTHER CROPS                      7     37     44                            4     68 
      105  ALFALFA                         42     88     35     3.5   102     3.2     24     59     37     4.0    58     4.2  
      106  OTHER HAY & FORAGE              53     88     39            74             29     93     66            65    
      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                             5     68                                   4     69 
      111  GRAIN SORGHUM
      112  SOYBEANS                         5     55                   58    52.4   
      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                                           39                                        39 
      122  DAIRY COWS                                           7                                         3 
      123  EWES                                                 1 
      124  SOWS                                                 2                                         9 
      125  BEEF PURCH. FOR RESALE SALES                        59                                       113 
      126  SWINE PURCH. FOR RESALE SALES                        8 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   1,750,001 - 2,125,000                              > 2,125,001 
                                                         39 FARMS                                  70 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            61,385                                   245,939 
        2  DAIRY AND MILK                                  22,905                                    26,555 
        3  SHEEP                                                                                         14 
        4  SWINE                                            9,470                                     5,328 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -400                                    -4,021 
        7  CUSTOM FEEDING                                     529                                     6,265 
        8  FEED PURCHASED                                 -17,919                                   -86,806 
        9     LIVESTOCK INCOME                       $     75,969                              $    193,274 
      
       10  CORN                                            13,716                                    20,918 
       11  GRAIN SORGHUM                                   22,084                                    38,283 
       12  SOYBEANS                                        35,899                                    56,682 
       13  SUNFLOWERS                                       2,931                                       878 
       14  WHEAT                                           59,194                                    94,334 
       15  HAY AND FORAGE                                  10,287                                     9,421 
       16  OTHER CROP                                       3,020                                     3,862 
       17  GOVERNMENT PAYMENTS                             39,873                                    58,240 
       18  CROP INSURANCE PROCEEDS                          3,981                                     6,470 
       19  OTHER INCOME                                    13,494                                    27,066 
       20     VALUE OF FARM PRODUCTION               $    280,450                              $    509,428 
      
       21  HIRED LABOR                                      9,273                                    34,409 
       22  MACHINERY REPAIRS                               23,218                                    39,077 
       23  IRRIGATION REPAIRS                                 216                                       925 
       24  BUILDING REPAIRS                                 1,249                                     2,330 
       25  INTEREST PAID                                   16,809                                    33,634 
       26  SEED-OTHER CROP EXPENSE                         14,608                                    25,782 
       27  CROP INSURANCE                                   6,993                                     8,648 
       28  FERTILIZER-LIME                                 39,561                                    56,136 
       29  MACHINE HIRE                                    10,706                                    18,166 
       30  ORGANIZATION FEE, PUBLICATION                    3,114                                     4,784 
       31  VET-MED-DRUGS                                    3,417                                    10,211 
       32  CROP STORAGE-MARKETING                           1,111                                     2,149 
       33  LIVESTOCK MARKETING-BREEDING                     2,918                                     9,045 
       34  DAIRY EXPENSE                                    5,238                                     2,451 
       35  GAS-FUEL-OIL                                    15,464                                    29,321 
       36  IRRIGATION ENERGY                                  762                                       568 
       37  REAL ESTATE TAXES                                5,243                                     6,399 
       38  PERSONAL PROPERTY TAXES                            970                                     1,773 
       39  GENERAL FARM INSURANCE                           4,640                                     8,006 
       40  UTILITIES                                        4,967                                     8,640 
       41  CASH FARM RENT                                  23,024                                    47,790 
       42  HERBICIDE-INSECTICIDE                           17,090                                    27,578 
       43  CONSERVATION                                       598                                       471 
       44  AUTO EXPENSE                                       868                                       669 
       45     TOTAL OPERATING EXPENSE                $    212,058                              $    378,963 
      
       46  DEPRECIATION-MACHINERY                          20,458                                    44,002 
       47  DEPRECIATION-BUILDINGS                           2,205                                     4,719 
       48     TOTAL FARM EXPENSE                     $    234,722                              $    427,684 
      
       49     NET FARM INCOME                        $     45,728                              $     81,745 
      
       50  UNPAID FAMILY LABOR                              1,615                                     1,254 
       51  UNPAID OPERATOR LABOR                           27,485                                    32,979 
       52  MANAGEMENT CHARGE                               12,540                                    23,146 
       53  CURRENT ASSET CHARGE - 8%                       12,311                                    21,347 
       54  NONCURRENT ASSET CHARGE - 8%                    40,008                                    52,439 
       55  RETURN LABOR-MANAGEMENT                         -8,207                                     6,705 
       56  RETURN TO CAPITAL                               20,897                                    58,001 
       57  ASSET TURNOVER RATIO                             .2985                                     .3198 
       58  OPERATING PROFIT MARGIN RATIO                    .0745                                     .1139 
       59  % RETURN ON ASSETS                               .0222                                     .0364 
       60  % RETURN ON EQUITY                               .0063                                     .0264 
       61  TOTAL EXPENSE RATIO                              .8369                                     .8395 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9854                                     .9522 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1720                                    1.0970 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          231,672               246,015             586,450               661,295    
       65  NONCURRENT ASSETS                       685,938               715,203             941,979               996,310    
       66  CURRENT LIABILITIES                      92,196                77,716             333,308               380,751    
       67  NONCURRENT LIABILITIES                  191,405               209,540             301,225               326,087    
       68  CURRENT RATIO                              2.51                  3.17                1.76                  1.74    
       69  DEBT TO ASSET RATIO                         .31                   .30                 .42                   .43    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   1,750,001 - 2,125,000                              > 2,125,001 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              63,515                                   118,341 
       71  MACHINERY AND EQUIPMENT                         66,694                                   122,036 
       72  MOTOR VEHICLES & LISTED PROPE                  102,842                                   197,907 
       73  BUILDINGS                                       19,876                                    45,934 
       74  OWNED LAND                                     492,627                                   572,096 
       75  TOTAL ASSETS                                   939,414                                 1,593,017 
       76  NET WORTH                                      653,986                                   922,331 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.01                                      1.22 
       78  NUMBER OF WORKERS                                 1.34                                      2.37 
       79  TOTAL WORK DAYS                                    360                                       602 
       80  VALUE FARM PRODUCTION/WORKER                   209,131                                   214,561 
       81  NET FARM INCOME/WORKER                          34,099                                    34,429 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   922,850                                 1,304,224 
       83  VALUE OF FARM PRODUCTION                       275,505                                   417,076 
       84  NET FARM INCOME                                 44,921                                    66,925 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.68                                      3.63 
       86  % TILLABLE LAND                                  66.01                                     60.18 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.35                                     26.56 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1928    39    600    33   1497    37       3273    70    920    52   2665    68    
       89  NON-IRRIGATED CROP ACRES        1226    39    419    33    918    37       1925    69    580    50   1527    68    
       90  IRRIGATED CROP ACRES             166    11                 157    10        278    18    124     6    284    15    
       91  TOTAL CROP ACRES                1273    39    427    33    960    37       1998    69    594    50   1590    68    
       92  PASTURE ACRES                    837    30    265    21    698    28       1675    60    412    43   1506    55    
       93  FARMSTEAD ACRES                   55     8     25     6     49     6         38    18     34    12     40     7    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1273          1279                        1969          2001  
       95  CROP MACHINERY INVESTMENT          147,740        116.09        115.49        253,450        128.69        126.66  
       96  CROP MACHINERY COST                 68,900         54.14         53.86        113,572         57.67         56.76  
       97  GROSS CROP VALUE                   232,455        182.65        181.71        388,197        194.29        191.23  
       98  CROP PRODUCTION COSTS              173,290        136.16        135.46        280,953        142.65        140.41  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            20    170    119    85.2   132    88.5     35    241    109    78.1   238    97.1  
      100  GRAIN SORGHUM                   31    259    121    88.1   195    90.4     63    390    171    83.9   321    84.9  
      101  SOYBEANS                        27    253    135    36.0   196    35.7     56    377    139    32.4   342    34.0  
      102  SUNFLOWERS                       6    112                  113    15.3      8    154                  150    14.3  
      103  WHEAT                           37    588    187    43.0   472    40.8     69    868    256    41.9   733    39.9  
      104  OTHER CROPS                                                                 8     58     48            44    
      105  ALFALFA                         27    101     48     3.0    89     3.4     55    136     69     4.1   122     3.6  
      106  OTHER HAY & FORAGE              31    144     57           129             60    187    102           151    
      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    141                  141   186.2     12    216                  205   178.7  
      111  GRAIN SORGHUM                                                               6     88 
      112  SOYBEANS                         7    105                  105    55.1     14    132                  150    54.5  
      113  SUNFLOWERS   
      114  WHEAT                                                                       4     85 
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE               4     27                   27              5     62                   49    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           53                                        71 
      122  DAIRY COWS                                           5                                         8 
      123  EWES   
      124  SOWS                                                23                                         1 
      125  BEEF PURCH. FOR RESALE SALES                        65                                       428 
      126  SWINE PURCH. FOR RESALE SALES                                                                 46 
      127  TURKEYS