North Central KFMA
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   2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres               181 - 499 ACRES                          500 - 999 ACRES 
                                                         20 FARMS                                  56 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            13,332                                    27,310 
        2  DAIRY AND MILK                                  65,741                                    33,065 
        3  SHEEP                                                                                        591 
        4  SWINE                                           16,286                                     3,429 
        5  POULTRY AND EGGS                                     8 
        6  OTHER LIVESTOCK                                   -312                                      -578 
        7  CUSTOM FEEDING                                                                               311 
        8  FEED PURCHASED                                 -29,882                                   -12,556 
        9     LIVESTOCK INCOME                       $     65,173                              $     51,572 
      
       10  CORN                                             1,156                                     3,183 
       11  GRAIN SORGHUM                                    4,835                                    10,521 
       12  SOYBEANS                                         8,790                                    14,906 
       13  SUNFLOWERS                                          95 
       14  WHEAT                                           10,205                                    26,966 
       15  HAY AND FORAGE                                   2,636                                    10,137 
       16  OTHER CROP                                       4,235                                     1,428 
       17  GOVERNMENT PAYMENTS                              9,864                                    18,624 
       18  CROP INSURANCE PROCEEDS                            164                                     1,367 
       19  OTHER INCOME                                     4,904                                     5,132 
       20     VALUE OF FARM PRODUCTION               $    112,057                              $    143,835 
      
       21  HIRED LABOR                                     10,602                                     3,355 
       22  MACHINERY REPAIRS                               10,682                                    11,333 
       23  IRRIGATION REPAIRS                                  34                                       131 
       24  BUILDING REPAIRS                                   644                                       775 
       25  INTEREST PAID                                    8,557                                     6,831 
       26  SEED-OTHER CROP EXPENSE                          3,990                                     7,776 
       27  CROP INSURANCE                                     997                                     2,226 
       28  FERTILIZER-LIME                                  7,950                                    17,260 
       29  MACHINE HIRE                                     4,245                                     5,974 
       30  ORGANIZATION FEE, PUBLICATION                    1,479                                     1,676 
       31  VET-MED-DRUGS                                    3,324                                     2,351 
       32  CROP STORAGE-MARKETING                             303                                       821 
       33  LIVESTOCK MARKETING-BREEDING                     1,590                                     2,266 
       34  DAIRY EXPENSE                                    6,591                                     7,665 
       35  GAS-FUEL-OIL                                     6,578                                     9,384 
       36  IRRIGATION ENERGY                                   34                                        81 
       37  REAL ESTATE TAXES                                3,051                                     3,231 
       38  PERSONAL PROPERTY TAXES                            361                                       274 
       39  GENERAL FARM INSURANCE                           2,487                                     2,636 
       40  UTILITIES                                        5,223                                     3,421 
       41  CASH FARM RENT                                   3,193                                     8,804 
       42  HERBICIDE-INSECTICIDE                            3,265                                     7,495 
       43  CONSERVATION                                       175                                       167 
       44  AUTO EXPENSE                                     1,245                                     1,101 
       45     TOTAL OPERATING EXPENSE                $     86,599                              $    107,038 
      
       46  DEPRECIATION-MACHINERY                          10,032                                    11,656 
       47  DEPRECIATION-BUILDINGS                           2,649                                     1,340 
       48     TOTAL FARM EXPENSE                     $     99,280                              $    120,034 
      
       49     NET FARM INCOME                        $     12,778                              $     23,801 
      
       50  UNPAID FAMILY LABOR                              1,463                                     1,004 
       51  UNPAID OPERATOR LABOR                           19,980                                    22,275 
       52  MANAGEMENT CHARGE                                4,779                                     6,800 
       53  CURRENT ASSET CHARGE - 8%                        5,286                                     8,324 
       54  NONCURRENT ASSET CHARGE - 8%                    25,094                                    28,579 
       55  RETURN LABOR-MANAGEMENT                        -19,065                                   -14,107 
       56  RETURN TO CAPITAL                               -4,886                                       552 
       57  ASSET TURNOVER RATIO                             .2146                                     .2421 
       58  OPERATING PROFIT MARGIN RATIO                   -.0436                                     .0038 
       59  % RETURN ON ASSETS                              -.0094                                     .0009 
       60  % RETURN ON EQUITY                              -.0354                                    -.0136 
       61  TOTAL EXPENSE RATIO                              .8860                                     .8345 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1200                                    1.0437 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.3911                                    1.3002 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          126,626               124,694             151,728               159,779    
       65  NONCURRENT ASSETS                       395,345               397,433             429,581               447,370    
       66  CURRENT LIABILITIES                      55,219                63,949              48,308                55,101    
       67  NONCURRENT LIABILITIES                   84,142                81,283              80,748                81,721    
       68  CURRENT RATIO                              2.29                  1.95                3.14                  2.90    
       69  DEBT TO ASSET RATIO                         .27                   .28                 .22                   .23    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres               181 - 499 ACRES                          500 - 999 ACRES 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              65,967                                    27,453 
       71  MACHINERY AND EQUIPMENT                         31,811                                    41,610 
       72  MOTOR VEHICLES & LISTED PROPE                   51,012                                    67,235 
       73  BUILDINGS                                       18,468                                    13,176 
       74  OWNED LAND                                     247,974                                   303,347 
       75  TOTAL ASSETS                                   522,049                                   594,229 
       76  NET WORTH                                      379,753                                   461,290 
      
       LABOR
       77  NUMBER OF OPERATORS                                .74                                       .82 
       78  NUMBER OF WORKERS                                 1.08                                      1.00 
       79  TOTAL WORK DAYS                                    192                                       203 
       80  VALUE FARM PRODUCTION/WORKER                   103,278                                   143,323 
       81  NET FARM INCOME/WORKER                          11,777                                    23,716 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   705,471                                   720,278 
       83  VALUE OF FARM PRODUCTION                       151,428                                   174,346 
       84  NET FARM INCOME                                 17,267                                    28,850 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            6.06                                       .79 
       86  % TILLABLE LAND                                  87.92                                     77.59 
       87  CROP MACH COST/TOT EXPENSE(%)                    24.41                                     31.74 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      360    20    207    18    193    18        776    56    395    47    479    52    
       89  NON-IRRIGATED CROP ACRES         297    20    178    17    161    18        597    56    319    47    384    48    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 316    20    187    17    175    18        602    56    322    47    387    48    
       92  PASTURE ACRES                     93     9     73     7     53     6        234    40     97    32    208    30    
       93  FARMSTEAD ACRES                                                              26    15     24    12     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           316           313                         602           610  
       95  CROP MACHINERY INVESTMENT           58,400        184.72        186.37         94,703        157.27        155.23  
       96  CROP MACHINERY COST                 24,233         76.65         77.34         38,101         63.27         62.45  
       97  GROSS CROP VALUE                    62,002        196.12        197.87        107,277        178.15        175.84  
       98  CROP PRODUCTION COSTS               52,674        158.28        159.69         86,046        142.90        141.04  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             6     40     18    60.3    34    66.1     19    115    101    78.3    70    81.9  
      100  GRAIN SORGHUM                   10    101     70    78.6    65    70.8     46    132     74    80.2   102    74.8  
      101  SOYBEANS                        12     73     38    32.8    59    38.0     37    128    101    32.9    84    32.0  
      102  SUNFLOWERS   
      103  WHEAT                           13    152    105    40.7    84    39.1     54    266    157    39.6   188    38.2  
      104  OTHER CROPS  
      105  ALFALFA                         13     59     58     3.9    42     4.0     36     90     60     3.5    94     3.3  
      106  OTHER HAY & FORAGE              14     70     43            46             37     86     55            76    
      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                                            7                                        14 
      122  DAIRY COWS                                          18                                         9 
      123  EWES                                                                                           4 
      124  SOWS                                                11                                         2 
      125  BEEF PURCH. FOR RESALE SALES                        22                                        50 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres             1,000 - 1,999 ACRES                      2,000 - 4,999 ACRES     
                                                        129 FARMS                                  68 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            76,406                                   131,946 
        2  DAIRY AND MILK                                   8,095                                    27,340 
        3  SHEEP                                              249                                        11 
        4  SWINE                                            7,831                                     1,430 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -200                                    -3,396 
        7  CUSTOM FEEDING                                   1,100                                     3,877 
        8  FEED PURCHASED                                 -19,622                                   -26,374 
        9     LIVESTOCK INCOME                       $     73,860                              $    134,834 
      
       10  CORN                                             9,598                                    17,298 
       11  GRAIN SORGHUM                                   19,435                                    37,392 
       12  SOYBEANS                                        26,964                                    51,617 
       13  SUNFLOWERS                                       1,114                                     1,436 
       14  WHEAT                                           47,539                                    89,571 
       15  HAY AND FORAGE                                   5,662                                    11,251 
       16  OTHER CROP                                       1,700                                     3,605 
       17  GOVERNMENT PAYMENTS                             31,679                                    53,170 
       18  CROP INSURANCE PROCEEDS                          3,096                                     5,072 
       19  OTHER INCOME                                    11,624                                    13,884 
       20     VALUE OF FARM PRODUCTION               $    232,272                              $    419,130 
      
       21  HIRED LABOR                                      8,109                                    26,203 
       22  MACHINERY REPAIRS                               19,174                                    34,341 
       23  IRRIGATION REPAIRS                                 271                                       765 
       24  BUILDING REPAIRS                                 1,356                                     2,144 
       25  INTEREST PAID                                   15,818                                    24,545 
       26  SEED-OTHER CROP EXPENSE                         13,776                                    22,419 
       27  CROP INSURANCE                                   4,853                                     7,580 
       28  FERTILIZER-LIME                                 31,562                                    50,063 
       29  MACHINE HIRE                                     8,358                                    12,295 
       30  ORGANIZATION FEE, PUBLICATION                    2,534                                     4,237 
       31  VET-MED-DRUGS                                    3,367                                     7,338 
       32  CROP STORAGE-MARKETING                             986                                     2,374 
       33  LIVESTOCK MARKETING-BREEDING                     3,299                                     4,237 
       34  DAIRY EXPENSE                                      608                                     2,524 
       35  GAS-FUEL-OIL                                    14,117                                    25,757 
       36  IRRIGATION ENERGY                                  500                                       431 
       37  REAL ESTATE TAXES                                4,289                                     6,075 
       38  PERSONAL PROPERTY TAXES                            794                                     1,387 
       39  GENERAL FARM INSURANCE                           4,259                                     6,672 
       40  UTILITIES                                        4,063                                     8,013 
       41  CASH FARM RENT                                  17,042                                    39,574 
       42  HERBICIDE-INSECTICIDE                           15,145                                    23,825 
       43  CONSERVATION                                       413                                       659 
       44  AUTO EXPENSE                                     1,244                                       707 
       45     TOTAL OPERATING EXPENSE                $    175,938                              $    314,165 
      
       46  DEPRECIATION-MACHINERY                          18,334                                    36,520 
       47  DEPRECIATION-BUILDINGS                           1,866                                     3,764 
       48     TOTAL FARM EXPENSE                     $    196,138                              $    354,448 
      
       49     NET FARM INCOME                        $     36,134                              $     64,682 
      
       50  UNPAID FAMILY LABOR                                890                                     1,125 
       51  UNPAID OPERATOR LABOR                           26,812                                    31,685 
       52  MANAGEMENT CHARGE                               10,358                                    18,144 
       53  CURRENT ASSET CHARGE - 8%                       10,343                                    14,043 
       54  NONCURRENT ASSET CHARGE - 8%                    30,795                                    41,694 
       55  RETURN LABOR-MANAGEMENT                         -5,894                                     7,820 
       56  RETURN TO CAPITAL                               13,892                                    38,272 
       57  ASSET TURNOVER RATIO                             .2936                                     .3544 
       58  OPERATING PROFIT MARGIN RATIO                    .0598                                     .0913 
       59  % RETURN ON ASSETS                               .0176                                     .0324 
       60  % RETURN ON EQUITY                              -.0037                                     .0197 
       61  TOTAL EXPENSE RATIO                              .8444                                     .8457 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0083                                     .9672 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1854                                    1.1002 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          227,675               241,645             370,362               416,406    
       65  NONCURRENT ASSETS                       548,562               564,502             760,528               817,953    
       66  CURRENT LIABILITIES                     106,544               104,190             203,394               232,299    
       67  NONCURRENT LIABILITIES                  168,410               174,780             252,444               283,694    
       68  CURRENT RATIO                              2.14                  2.32                1.82                  1.79    
       69  DEBT TO ASSET RATIO                         .35                   .35                 .40                   .42    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres             1,000 - 1,999 ACRES                      2,000 - 4,999 ACRES     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              58,648                                    98,470 
       71  MACHINERY AND EQUIPMENT                         54,116                                   103,252 
       72  MOTOR VEHICLES & LISTED PROPE                   90,905                                   168,176 
       73  BUILDINGS                                       17,774                                    37,286 
       74  OWNED LAND                                     381,969                                   456,895 
       75  TOTAL ASSETS                                   791,192                                 1,182,625 
       76  NET WORTH                                      514,230                                   696,709 
      
       LABOR
       77  NUMBER OF OPERATORS                                .99                                      1.17 
       78  NUMBER OF WORKERS                                 1.23                                      2.14 
       79  TOTAL WORK DAYS                                    291                                       525 
       80  VALUE FARM PRODUCTION/WORKER                   187,974                                   195,345 
       81  NET FARM INCOME/WORKER                          29,242                                    30,146 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   796,751                                 1,007,750 
       83  VALUE OF FARM PRODUCTION                       233,904                                   357,153 
       84  NET FARM INCOME                                 36,388                                    55,117 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            2.28                                      4.05 
       86  % TILLABLE LAND                                  71.27                                     60.89 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.66                                     29.02 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1459   129    530   114   1014   126       2925    68    953    51   2243    67    
       89  NON-IRRIGATED CROP ACRES        1016   129    354   109    739   125       1709    68    609    49   1289    67    
       90  IRRIGATED CROP ACRES             153    20     98     5    151    17        258    19    113     7    257    16    
       91  TOTAL CROP ACRES                1040   129    359   109    760   125       1781    68    625    49   1350    67    
       92  PASTURE ACRES                    605   103    242    84    456    92       1271    60    387    44   1058    56    
       93  FARMSTEAD ACRES                   55    32     32    29     48    17         65    23     62    15     47    12    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1040          1053                        1781          1784  
       95  CROP MACHINERY INVESTMENT          121,018        116.38        114.92        221,503        124.38        124.16  
       96  CROP MACHINERY COST                 56,218         54.07         53.39        102,862         57.76         57.66  
       97  GROSS CROP VALUE                   188,637        181.41        179.13        337,953        189.77        189.44  
       98  CROP PRODUCTION COSTS              143,524        138.03        136.29        249,256        139.96        139.72  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            62    145     82    80.2   119    81.3     29    181    133    89.3   169    99.9  
      100  GRAIN SORGHUM                  116    236    111    82.8   178    79.7     61    344    159    94.0   271    88.5  
      101  SOYBEANS                        97    210     99    32.9   159    32.2     55    324    137    34.9   279    34.9  
      102  SUNFLOWERS                      13    101     55    12.6   116    14.0      8    125     79    12.8   114    15.1  
      103  WHEAT                          124    462    157    40.5   359    40.2     68    796    287    42.2   620    39.4  
      104  OTHER CROPS                     15     44     30            43              7     55     48            48    
      105  ALFALFA                         86     72     39     3.7    72     3.6     54    132     54     3.4   121     3.4  
      106  OTHER HAY & FORAGE             102    103     55            84             59    157     66           131    
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                            11    100                   98   167.8     12    208                  196   178.0  
      111  GRAIN SORGHUM                    5     57                   44   128.8      8     68                   95   119.2  
      112  SOYBEANS                        11     85                   85    51.2     16    123     65    52.1   131    55.5  
      113  SUNFLOWERS   
      114  WHEAT  
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE               4     62                   62              5     49                   33    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           38                                        80 
      122  DAIRY COWS                                           2                                         8 
      123  EWES                                                 2 
      124  SOWS                                                 8                                         1 
      125  BEEF PURCH. FOR RESALE SALES                       111                                       191 
      126  SWINE PURCH. FOR RESALE SALES                       32 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
                                                          8 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           578,517 
        2  DAIRY AND MILK     
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -4,786 
        7  CUSTOM FEEDING                                  19,858 
        8  FEED PURCHASED                                -267,312 
        9     LIVESTOCK INCOME                       $    326,275 
      
       10  CORN                                            29,829 
       11  GRAIN SORGHUM                                   52,914 
       12  SOYBEANS                                        49,873 
       13  SUNFLOWERS                                       2,170 
       14  WHEAT                                          119,879 
       15  HAY AND FORAGE                                  19,680 
       16  OTHER CROP                                         212 
       17  GOVERNMENT PAYMENTS                             80,248 
       18  CROP INSURANCE PROCEEDS                         17,729 
       19  OTHER INCOME                                   105,502 
       20     VALUE OF FARM PRODUCTION               $    804,312 
      
       21  HIRED LABOR                                     41,535 
       22  MACHINERY REPAIRS                               52,514 
       23  IRRIGATION REPAIRS                                  89 
       24  BUILDING REPAIRS                                   819 
       25  INTEREST PAID                                   67,854 
       26  SEED-OTHER CROP EXPENSE                         27,701 
       27  CROP INSURANCE                                  14,884 
       28  FERTILIZER-LIME                                 82,076 
       29  MACHINE HIRE                                    46,063 
       30  ORGANIZATION FEE, PUBLICATION                    6,682 
       31  VET-MED-DRUGS                                   16,349 
       32  CROP STORAGE-MARKETING                           1,167 
       33  LIVESTOCK MARKETING-BREEDING                    24,421 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    40,407 
       36  IRRIGATION ENERGY  
       37  REAL ESTATE TAXES                                5,554 
       38  PERSONAL PROPERTY TAXES                          2,468 
       39  GENERAL FARM INSURANCE                          12,214 
       40  UTILITIES                                        7,419 
       41  CASH FARM RENT                                  84,116 
       42  HERBICIDE-INSECTICIDE                           38,349 
       43  CONSERVATION                                       404 
       44  AUTO EXPENSE                                       535 
       45     TOTAL OPERATING EXPENSE                $    573,622 
      
       46  DEPRECIATION-MACHINERY                          57,482 
       47  DEPRECIATION-BUILDINGS                           3,077 
       48     TOTAL FARM EXPENSE                     $    634,181 
      
       49     NET FARM INCOME                        $    170,130 
      
       50  UNPAID FAMILY LABOR                                844 
       51  UNPAID OPERATOR LABOR                           40,500 
       52  MANAGEMENT CHARGE                               44,109 
       53  CURRENT ASSET CHARGE - 8%                       30,773 
       54  NONCURRENT ASSET CHARGE - 8%                    51,556 
       55  RETURN LABOR-MANAGEMENT                         86,957 
       56  RETURN TO CAPITAL                              152,532 
       57  ASSET TURNOVER RATIO                             .3351 
       58  OPERATING PROFIT MARGIN RATIO                    .1896 
       59  % RETURN ON ASSETS                               .0636 
       60  % RETURN ON EQUITY                               .0823 
       61  TOTAL EXPENSE RATIO                              .7885 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8947 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9971 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                        1,143,111             1,326,326    
       65  NONCURRENT ASSETS                     1,161,690             1,169,025    
       66  CURRENT LIABILITIES                     770,568               929,543    
       67  NONCURRENT LIABILITIES                  539,050               502,756    
       68  CURRENT RATIO                              1.48                  1.43    
       69  DEBT TO ASSET RATIO                         .57                   .57    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres                   > 5,000 ACRES    
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             239,778 
       71  MACHINERY AND EQUIPMENT                        167,679 
       72  MOTOR VEHICLES & LISTED PROPE                  244,150 
       73  BUILDINGS                                       28,345 
       74  OWNED LAND                                     699,171 
       75  TOTAL ASSETS                                 2,400,076 
       76  NET WORTH                                    1,029,117 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.50 
       78  NUMBER OF WORKERS                                 2.35 
       79  TOTAL WORK DAYS                                    860 
       80  VALUE FARM PRODUCTION/WORKER                   342,260 
       81  NET FARM INCOME/WORKER                          72,396 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,600,050 
       83  VALUE OF FARM PRODUCTION                       536,208 
       84  NET FARM INCOME                                113,420 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            1.46 
       86  % TILLABLE LAND                                  40.66 
       87  CROP MACH COST/TOT EXPENSE(%)                    21.85 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     7132     8    998     5   6508     8     
       89  NON-IRRIGATED CROP ACRES        2857     8    433     5   2586     8     
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                2900     8    433     5   2629     8     
       92  PASTURE ACRES                   4229     8    560     5   3879     8     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2900          2926  
       95  CROP MACHINERY INVESTMENT          329,534        113.65        112.62   
       96  CROP MACHINERY COST                138,572         47.79         47.36   
       97  GROSS CROP VALUE                   525,162        181.11        179.48   
       98  CROP PRODUCTION COSTS              358,880        123.77        122.65   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             4    596                  596   102.7   
      100  GRAIN SORGHUM                    6    665                  665    85.7   
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                            8   1268     89    43.2  1224    38.4   
      104  OTHER CROPS  
      105  ALFALFA                          6    193                  186     3.2   
      106  OTHER HAY & FORAGE               8    295    291           200     
      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                                          102 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                       543 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS