North Central KFMA
Association Reports

Back
Printer Friendly Version
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
                                                        284 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            96,734 
        2  DAIRY AND MILK                                  21,372 
        3  SHEEP                                              232 
        4  SWINE                                            6,207 
        5  POULTRY AND EGGS                                     1 
        6  OTHER LIVESTOCK                                 -1,175 
        7  CUSTOM FEEDING                                   2,056 
        8  FEED PURCHASED                                 -32,369 
        9     LIVESTOCK INCOME                       $     93,059 
      
       10  CORN                                            10,051 
       11  GRAIN SORGHUM                                   21,716 
       12  SOYBEANS                                        29,595 
       13  SUNFLOWERS                                         918 
       14  WHEAT                                           52,514 
       15  HAY AND FORAGE                                   8,065 
       16  OTHER CROP                                       2,222 
       17  GOVERNMENT PAYMENTS                             33,844 
       18  CROP INSURANCE PROCEEDS                          3,403 
       19  OTHER INCOME                                    13,051 
       20     VALUE OF FARM PRODUCTION               $    268,438 
      
       21  HIRED LABOR                                     12,929 
       22  MACHINERY REPAIRS                               21,500 
       23  IRRIGATION REPAIRS                                 337 
       24  BUILDING REPAIRS                                 1,368 
       25  INTEREST PAID                                   17,186 
       26  SEED-OTHER CROP EXPENSE                         14,266 
       27  CROP INSURANCE                                   4,953 
       28  FERTILIZER-LIME                                 32,709 
       29  MACHINE HIRE                                     9,835 
       30  ORGANIZATION FEE, PUBLICATION                    2,846 
       31  VET-MED-DRUGS                                    4,609 
       32  CROP STORAGE-MARKETING                           1,234 
       33  LIVESTOCK MARKETING-BREEDING                     3,898 
       34  DAIRY EXPENSE                                    2,856 
       35  GAS-FUEL-OIL                                    16,109 
       36  IRRIGATION ENERGY                                  349 
       37  REAL ESTATE TAXES                                4,457 
       38  PERSONAL PROPERTY TAXES                            851 
       39  GENERAL FARM INSURANCE                           4,635 
       40  UTILITIES                                        5,084 
       41  CASH FARM RENT                                  21,586 
       42  HERBICIDE-INSECTICIDE                           15,386 
       43  CONSERVATION                                       417 
       44  AUTO EXPENSE                                     1,103 
       45     TOTAL OPERATING EXPENSE                $    200,503 
      
       46  DEPRECIATION-MACHINERY                          21,875 
       47  DEPRECIATION-BUILDINGS                           2,353 
       48     TOTAL FARM EXPENSE                     $    224,730 
      
       49     NET FARM INCOME                        $     43,708 
      
       50  UNPAID FAMILY LABOR                              1,046 
       51  UNPAID OPERATOR LABOR                           26,895 
       52  MANAGEMENT CHARGE                               12,287 
       53  CURRENT ASSET CHARGE - 8%                       11,593 
       54  NONCURRENT ASSET CHARGE - 8%                    33,186 
       55  RETURN LABOR-MANAGEMENT                         -2,117 
       56  RETURN TO CAPITAL                               20,666 
       57  ASSET TURNOVER RATIO                             .3039 
       58  OPERATING PROFIT MARGIN RATIO                    .0770 
       59  % RETURN ON ASSETS                               .0234 
       60  % RETURN ON EQUITY                               .0062 
       61  TOTAL EXPENSE RATIO                              .8372 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9870 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1539 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          276,320               301,121    
       65  NONCURRENT ASSETS                       582,296               606,985    
       66  CURRENT LIABILITIES                     137,740               149,877    
       67  NONCURRENT LIABILITIES                  175,124               184,507    
       68  CURRENT RATIO                              2.01                  2.01    
       69  DEBT TO ASSET RATIO                         .36                   .37    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              67,593 
       71  MACHINERY AND EQUIPMENT                         64,719 
       72  MOTOR VEHICLES & LISTED PROPE                  106,204 
       73  BUILDINGS                                       22,022 
       74  OWNED LAND                                     382,339 
       75  TOTAL ASSETS                                   883,360 
       76  NET WORTH                                      559,736 
      
       LABOR
       77  NUMBER OF OPERATORS                                .99 
       78  NUMBER OF WORKERS                                 1.44 
       79  TOTAL WORK DAYS                                    339 
       80  VALUE FARM PRODUCTION/WORKER                   186,260 
       81  NET FARM INCOME/WORKER                          30,327 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   886,795 
       83  VALUE OF FARM PRODUCTION                       269,482 
       84  NET FARM INCOME                                 43,878 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            2.81 
       86  % TILLABLE LAND                                  64.37 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.18 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1743   284    573   238   1318   272     
       89  NON-IRRIGATED CROP ACRES        1094   283    388   229    830   266     
       90  IRRIGATED CROP ACRES             195    46     99    16    194    38     
       91  TOTAL CROP ACRES                1126   283    395   229    858   266     
       92  PASTURE ACRES                    826   221    254   172    720   193     
       93  FARMSTEAD ACRES                   50    75     37    61     44    34     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1122          1131  
       95  CROP MACHINERY INVESTMENT          140,112        124.88        123.89   
       96  CROP MACHINERY COST                 63,339         56.45         56.01   
       97  GROSS CROP VALUE                   207,799        184.55        183.09   
       98  CROP PRODUCTION COSTS              156,201        138.72        137.63   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           120    159     93    80.6   138    85.3   
      100  GRAIN SORGHUM                  240    248    112    84.8   200    81.1   
      101  SOYBEANS                       205    226    103    33.4   185    33.2   
      102  SUNFLOWERS                      25    111     59    13.4   118    14.3   
      103  WHEAT                          269    513    182    40.7   416    39.5   
      104  OTHER CROPS                     26     44     36            41     
      105  ALFALFA                        195     94     50     3.6    94     3.5   
      106  OTHER HAY & FORAGE             220    120     63           100     
      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                            25    151     98   159.2   147   173.7   
      111  GRAIN SORGHUM                   16     70     45   118.4    82   116.3   
      112  SOYBEANS                        31    102     49    52.5   104    53.2   
      113  SUNFLOWERS   
      114  WHEAT                            7    121                  135    38.6   
      115  OTHER CROPS  
      116  ALFALFA                          5     34  
      117  OTHER HAY & FORAGE              10     53                   47     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           43 
      122  DAIRY COWS                                           6 
      123  EWES                                                 2 
      124  SOWS                                                 6 
      125  BEEF PURCH. FOR RESALE SALES                       147 
      126  SWINE PURCH. FOR RESALE SALES                       14 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
                                                         71 FARMS                                  71 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           188,211                                    75,358 
        2  DAIRY AND MILK                                  45,274                                    19,885 
        3  SHEEP                                               14                                       334 
        4  SWINE                                           10,383                                     4,629 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -2,904                                      -920 
        7  CUSTOM FEEDING                                   2,970                                     1,610 
        8  FEED PURCHASED                                 -79,198                                   -15,118 
        9     LIVESTOCK INCOME                       $    164,749                              $     85,779 
      
       10  CORN                                            22,640                                     9,075 
       11  GRAIN SORGHUM                                   33,620                                    20,181 
       12  SOYBEANS                                        55,645                                    22,955 
       13  SUNFLOWERS                                       2,131                                       438 
       14  WHEAT                                           72,456                                    42,932 
       15  HAY AND FORAGE                                   7,675                                     6,844 
       16  OTHER CROP                                       1,169                                     4,197 
       17  GOVERNMENT PAYMENTS                             51,685                                    30,160 
       18  CROP INSURANCE PROCEEDS                          4,518                                     2,840 
       19  OTHER INCOME                                    24,023                                     9,933 
       20     VALUE OF FARM PRODUCTION               $    440,311                              $    235,334 
      
       21  HIRED LABOR                                     22,217                                     9,087 
       22  MACHINERY REPAIRS                               28,706                                    18,084 
       23  IRRIGATION REPAIRS                                 573                                       314 
       24  BUILDING REPAIRS                                 1,252                                     1,365 
       25  INTEREST PAID                                   20,735                                    14,148 
       26  SEED-OTHER CROP EXPENSE                         19,317                                    12,125 
       27  CROP INSURANCE                                   6,934                                     4,400 
       28  FERTILIZER-LIME                                 43,149                                    28,112 
       29  MACHINE HIRE                                    13,421                                     9,828 
       30  ORGANIZATION FEE, PUBLICATION                    3,824                                     2,568 
       31  VET-MED-DRUGS                                    8,258                                     3,644 
       32  CROP STORAGE-MARKETING                           1,188                                     1,212 
       33  LIVESTOCK MARKETING-BREEDING                     6,205                                     3,629 
       34  DAIRY EXPENSE                                    4,213                                     1,916 
       35  GAS-FUEL-OIL                                    21,886                                    13,773 
       36  IRRIGATION ENERGY                                  378                                       302 
       37  REAL ESTATE TAXES                                5,250                                     4,324 
       38  PERSONAL PROPERTY TAXES                          1,457                                       597 
       39  GENERAL FARM INSURANCE                           6,076                                     3,924 
       40  UTILITIES                                        6,480                                     4,410 
       41  CASH FARM RENT                                  30,875                                    17,811 
       42  HERBICIDE-INSECTICIDE                           22,410                                    11,774 
       43  CONSERVATION                                       655                                       478 
       44  AUTO EXPENSE                                       884                                     1,464 
       45     TOTAL OPERATING EXPENSE                $    276,342                              $    169,290 
      
       46  DEPRECIATION-MACHINERY                          31,655                                    18,993 
       47  DEPRECIATION-BUILDINGS                           3,190                                     2,136 
       48     TOTAL FARM EXPENSE                     $    311,187                              $    190,419 
      
       49     NET FARM INCOME                        $    129,124                              $     44,915 
      
       50  UNPAID FAMILY LABOR                              1,173                                       951 
       51  UNPAID OPERATOR LABOR                           32,172                                    26,582 
       52  MANAGEMENT CHARGE                               28,583                                    11,859 
       53  CURRENT ASSET CHARGE - 8%                       23,767                                     9,911 
       54  NONCURRENT ASSET CHARGE - 8%                    47,348                                    30,044 
       55  RETURN LABOR-MANAGEMENT                         56,836                                     4,010 
       56  RETURN TO CAPITAL                               87,932                                    19,671 
       57  ASSET TURNOVER RATIO                             .3300                                     .3071 
       58  OPERATING PROFIT MARGIN RATIO                    .1997                                     .0836 
       59  % RETURN ON ASSETS                               .0659                                     .0257 
       60  % RETURN ON EQUITY                               .0756                                     .0111 
       61  TOTAL EXPENSE RATIO                              .7067                                     .8091 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8474                                     .9765 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0089                                    1.1463 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          488,839               561,602             217,327               240,105    
       65  NONCURRENT ASSETS                       786,586               831,517             530,598               544,817    
       66  CURRENT LIABILITIES                     217,147               239,111              96,819               112,847    
       67  NONCURRENT LIABILITIES                  216,657               217,734             161,553               162,763    
       68  CURRENT RATIO                              2.25                  2.35                2.24                  2.13    
       69  DEBT TO ASSET RATIO                         .34                   .33                 .35                   .35    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              92,833                                    72,766 
       71  MACHINERY AND EQUIPMENT                         93,411                                    56,877 
       72  MOTOR VEHICLES & LISTED PROPE                  148,813                                    91,037 
       73  BUILDINGS                                       31,203                                    18,587 
       74  OWNED LAND                                     501,623                                   359,137 
       75  TOTAL ASSETS                                 1,334,272                                   766,423 
       76  NET WORTH                                      888,947                                   499,433 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.19                                       .98 
       78  NUMBER OF WORKERS                                 1.95                                      1.30 
       79  TOTAL WORK DAYS                                    505                                       313 
       80  VALUE FARM PRODUCTION/WORKER                   225,069                                   180,830 
       81  NET FARM INCOME/WORKER                          66,003                                    34,513 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,119,779                                   778,484 
       83  VALUE OF FARM PRODUCTION                       369,528                                   239,038 
       84  NET FARM INCOME                                108,367                                    45,622 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.51                                      3.15 
       86  % TILLABLE LAND                                  60.55                                     59.68 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.57                                     29.45 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2536    71    740    60   1965    69       1712    71    522    62   1351    66    
       89  NON-IRRIGATED CROP ACRES        1502    70    492    58   1110    69        989    71    339    60    780    64    
       90  IRRIGATED CROP ACRES             191    20     83     6    196    17        207    11    102     6    209     8    
       91  TOTAL CROP ACRES                1557    70    501    58   1159    69       1021    71    349    60    806    64    
       92  PASTURE ACRES                   1207    58    323    46   1060    52        825    58    220    48    731    51    
       93  FARMSTEAD ACRES                   47    22     30    17     51    10         47    24     38    22     41     7    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1535          1601                        1021           994  
       95  CROP MACHINERY INVESTMENT          193,888        126.30        121.09        121,682        119.12        122.41  
       96  CROP MACHINERY COST                 85,807         55.89         53.59         56,070         54.89         56.41  
       97  GROSS CROP VALUE                   325,767        209.21        200.58        178,471        174.72        179.54  
       98  CROP PRODUCTION COSTS              209,882        136.71        131.07        133,000        128.37        131.91  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            40    246    144   100.3   207   100.7     27    126     82    76.4   100    81.9  
      100  GRAIN SORGHUM                   61    333    132    98.0   271    95.4     61    241    112    88.6   195    81.3  
      101  SOYBEANS                        56    329    141    36.6   245    37.5     50    193     88    35.2   175    32.5  
      102  SUNFLOWERS                       8    161                  152    14.3      6     53 
      103  WHEAT                           67    667    222    43.3   516    41.4     67    444    152    41.3   365    40.2  
      104  OTHER CROPS                      6     44     51                            9     42     21            45    
      105  ALFALFA                         50    116     60     3.9   107     4.0     45     90     48     3.2    79     3.5  
      106  OTHER HAY & FORAGE              57    150     79           116             61    100     33           100    
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                            14    124                  136   177.0      6    231                  183   159.0  
      111  GRAIN SORGHUM                    6     93                   93   120.8      4     38 
      112  SOYBEANS                        16     94                   93    54.7      6     99                  106    49.2  
      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                                           54                                        56 
      122  DAIRY COWS                                          13                                         5 
      123  EWES                                                                                           3 
      124  SOWS                                                 8                                         5 
      125  BEEF PURCH. FOR RESALE SALES                       332                                        72 
      126  SWINE PURCH. FOR RESALE SALES                        7                                         5 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
                                                         71 FARMS                                  71 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            57,632                                    65,736 
        2  DAIRY AND MILK                                  12,292                                     8,038 
        3  SHEEP                                              193                                       389 
        4  SWINE                                            5,557                                     4,261 
        5  POULTRY AND EGGS                                                                               2 
        6  OTHER LIVESTOCK                                   -458                                      -418 
        7  CUSTOM FEEDING                                                                             3,644 
        8  FEED PURCHASED                                 -14,949                                   -20,210 
        9     LIVESTOCK INCOME                       $     60,267                              $     61,441 
      
       10  CORN                                             3,553                                     4,936 
       11  GRAIN SORGHUM                                   16,382                                    16,682 
       12  SOYBEANS                                        19,741                                    20,040 
       13  SUNFLOWERS                                         819                                       282 
       14  WHEAT                                           46,669                                    48,000 
       15  HAY AND FORAGE                                   5,541                                    12,199 
       16  OTHER CROP                                       1,712                                     1,812 
       17  GOVERNMENT PAYMENTS                             27,115                                    26,415 
       18  CROP INSURANCE PROCEEDS                          3,608                                     2,645 
       19  OTHER INCOME                                     6,231                                    12,017 
       20     VALUE OF FARM PRODUCTION               $    191,637                              $    206,469 
      
       21  HIRED LABOR                                      7,614                                    12,799 
       22  MACHINERY REPAIRS                               16,177                                    23,032 
       23  IRRIGATION REPAIRS                                 179                                       282 
       24  BUILDING REPAIRS                                 1,057                                     1,796 
       25  INTEREST PAID                                   15,800                                    18,063 
       26  SEED-OTHER CROP EXPENSE                         12,535                                    13,089 
       27  CROP INSURANCE                                   4,346                                     4,131 
       28  FERTILIZER-LIME                                 27,127                                    32,447 
       29  MACHINE HIRE                                     5,934                                    10,157 
       30  ORGANIZATION FEE, PUBLICATION                    2,127                                     2,863 
       31  VET-MED-DRUGS                                    2,598                                     3,937 
       32  CROP STORAGE-MARKETING                           1,231                                     1,303 
       33  LIVESTOCK MARKETING-BREEDING                     2,216                                     3,544 
       34  DAIRY EXPENSE                                    2,953                                     2,342 
       35  GAS-FUEL-OIL                                    12,636                                    16,139 
       36  IRRIGATION ENERGY                                  112                                       603 
       37  REAL ESTATE TAXES                                3,827                                     4,427 
       38  PERSONAL PROPERTY TAXES                            502                                       849 
       39  GENERAL FARM INSURANCE                           3,584                                     4,957 
       40  UTILITIES                                        4,133                                     5,313 
       41  CASH FARM RENT                                  17,134                                    20,524 
       42  HERBICIDE-INSECTICIDE                           12,176                                    15,183 
       43  CONSERVATION                                       195                                       340 
       44  AUTO EXPENSE                                     1,004                                     1,062 
       45     TOTAL OPERATING EXPENSE                $    157,198                              $    199,182 
      
       46  DEPRECIATION-MACHINERY                          16,493                                    20,357 
       47  DEPRECIATION-BUILDINGS                           2,012                                     2,073 
       48     TOTAL FARM EXPENSE                     $    175,702                              $    221,612 
      
       49     NET FARM INCOME                        $     15,935                              $    -15,143 
      
       50  UNPAID FAMILY LABOR                              1,046                                     1,014 
       51  UNPAID OPERATOR LABOR                           23,806                                    25,023 
       52  MANAGEMENT CHARGE                                6,454                                     2,254 
       53  CURRENT ASSET CHARGE - 8%                        6,860                                     5,834 
       54  NONCURRENT ASSET CHARGE - 8%                    24,798                                    30,553 
       55  RETURN LABOR-MANAGEMENT                        -16,768                                   -52,545 
       56  RETURN TO CAPITAL                                  430                                   -25,371 
       57  ASSET TURNOVER RATIO                             .2930                                     .2652 
       58  OPERATING PROFIT MARGIN RATIO                    .0022                                    -.1229 
       59  % RETURN ON ASSETS                               .0007                                    -.0326 
       60  % RETURN ON EQUITY                              -.0388                                    -.0955 
       61  TOTAL EXPENSE RATIO                              .9168                                    1.0733 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0802                                    1.2104 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2454                                    1.3866 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          180,254               180,330             218,858               222,447    
       65  NONCURRENT ASSETS                       464,101               483,457             547,898               568,147    
       66  CURRENT LIABILITIES                      94,127                94,966             142,869               152,584    
       67  NONCURRENT LIABILITIES                  158,678               168,928             163,608               188,604    
       68  CURRENT RATIO                              1.91                  1.90                1.53                  1.46    
       69  DEBT TO ASSET RATIO                         .39                   .40                 .40                   .43    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              59,386                                    45,387 
       71  MACHINERY AND EQUIPMENT                         47,929                                    60,661 
       72  MOTOR VEHICLES & LISTED PROPE                   82,720                                   102,245 
       73  BUILDINGS                                       18,792                                    19,505 
       74  OWNED LAND                                     305,872                                   362,724 
       75  TOTAL ASSETS                                   654,071                                   778,675 
       76  NET WORTH                                      395,722                                   454,842 
      
       LABOR
       77  NUMBER OF OPERATORS                                .88                                       .92 
       78  NUMBER OF WORKERS                                 1.17                                      1.33 
       79  TOTAL WORK DAYS                                    265                                       271 
       80  VALUE FARM PRODUCTION/WORKER                   163,734                                   154,471 
       81  NET FARM INCOME/WORKER                          13,615                                   -11,330 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   741,838                                   840,211 
       83  VALUE OF FARM PRODUCTION                       217,352                                   222,785 
       84  NET FARM INCOME                                 18,074                                   -16,340 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            1.52                                      2.60 
       86  % TILLABLE LAND                                  68.25                                     73.49 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.62                                     27.61 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1363    71    477    60    987    69       1362    71    554    56    966    68    
       89  NON-IRRIGATED CROP ACRES         916    71    353    56    685    66        975    71    367    55    732    67    
       90  IRRIGATED CROP ACRES             201     5                 180     5        185    10                 184     8    
       91  TOTAL CROP ACRES                 930    71    355    56    699    66       1001    71    374    55    754    67    
       92  PASTURE ACRES                    530    56    194    42    458    47        716    49    283    36    579    43    
       93  FARMSTEAD ACRES                   61    17     47    13     47     9         46    12     32     9     32     8    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           930           929                        1001          1000  
       95  CROP MACHINERY INVESTMENT          110,568        118.86        119.05        134,311        134.15        134.34  
       96  CROP MACHINERY COST                 50,293         54.07         54.15         61,187         61.11         61.20  
       97  GROSS CROP VALUE                   155,581        167.25        167.52        173,039        172.83        173.08  
       98  CROP PRODUCTION COSTS              125,342        134.74        134.96        156,254        156.07        156.29  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            26    117     89    70.3    89    70.4     27    103     47    69.6   109    77.9  
      100  GRAIN SORGHUM                   62    194     95    79.2   162    72.8     56    223    111    72.4   165    73.4  
      101  SOYBEANS                        50    199     93    30.2   169    30.7     49    169     78    30.6   138    31.2  
      102  SUNFLOWERS                       6    102     44    13.9    88    13.0      5    112 
      103  WHEAT                           70    434    170    37.3   373    37.6     65    509    189    40.7   397    38.8  
      104  OTHER CROPS                      7     27                   35              4     81                   49    
      105  ALFALFA                         49     67     43     3.7    73     3.1     51    103     49     3.5   112     3.3  
      106  OTHER HAY & FORAGE              52    106     73            76             50    123     70           104    
      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    128 
      111  GRAIN SORGHUM
      112  SOYBEANS                                                                    6    136                  150    53.6  
      113  SUNFLOWERS   
      114  WHEAT  
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE                                                          4     43                   43    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           40                                        22 
      122  DAIRY COWS                                           3                                         2 
      123  EWES                                                                                           3 
      124  SOWS                                                13 
      125  BEEF PURCH. FOR RESALE SALES                        54                                       132 
      126  SWINE PURCH. FOR RESALE SALES                                                                 46 
      127  TURKEYS