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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR < 36 36 - 40
15 FARMS 14 FARMS
ITEM PER FARM PER FARM
1 BEEF 94,769 43,376
2 DAIRY AND MILK 40,348 135,854
3 SHEEP -17
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -373 -1,147
7 CUSTOM FEEDING 189
8 FEED PURCHASED -25,968 -40,083
9 LIVESTOCK INCOME $ 108,965 $ 137,983
10 CORN 6,687 6,411
11 GRAIN SORGHUM 12,122 22,810
12 SOYBEANS 21,540 19,797
13 SUNFLOWERS 370 2,407
14 WHEAT 33,169 37,207
15 HAY AND FORAGE 7,992 11,673
16 OTHER CROP 1,575 949
17 GOVERNMENT PAYMENTS 25,480 34,995
18 CROP INSURANCE PROCEEDS 2,227 1,901
19 OTHER INCOME 16,415 16,748
20 VALUE OF FARM PRODUCTION $ 236,541 $ 292,882
21 HIRED LABOR 6,621 29,379
22 MACHINERY REPAIRS 20,887 20,605
23 IRRIGATION REPAIRS 98 287
24 BUILDING REPAIRS 1,143 1,273
25 INTEREST PAID 13,800 17,459
26 SEED-OTHER CROP EXPENSE 13,694 11,171
27 CROP INSURANCE 2,551 3,107
28 FERTILIZER-LIME 25,363 31,036
29 MACHINE HIRE 15,507 12,642
30 ORGANIZATION FEE, PUBLICATION 3,567 2,831
31 VET-MED-DRUGS 7,172 8,799
32 CROP STORAGE-MARKETING 1,464 1,205
33 LIVESTOCK MARKETING-BREEDING 2,712 3,362
34 DAIRY EXPENSE 4,624 10,541
35 GAS-FUEL-OIL 12,000 14,323
36 IRRIGATION ENERGY 762 81
37 REAL ESTATE TAXES 2,906 4,140
38 PERSONAL PROPERTY TAXES 385 426
39 GENERAL FARM INSURANCE 3,460 4,156
40 UTILITIES 4,308 10,876
41 CASH FARM RENT 17,056 21,714
42 HERBICIDE-INSECTICIDE 11,687 15,632
43 CONSERVATION 368 510
44 AUTO EXPENSE 1,773 1,735
45 TOTAL OPERATING EXPENSE $ 173,905 $ 227,290
46 DEPRECIATION-MACHINERY 15,961 24,093
47 DEPRECIATION-BUILDINGS 1,926 5,676
48 TOTAL FARM EXPENSE $ 191,793 $ 257,059
49 NET FARM INCOME $ 44,748 $ 35,823
50 UNPAID FAMILY LABOR 450 482
51 UNPAID OPERATOR LABOR 24,480 26,036
52 MANAGEMENT CHARGE 11,439 10,918
53 CURRENT ASSET CHARGE - 8% 11,654 7,172
54 NONCURRENT ASSET CHARGE - 8% 19,755 20,897
55 RETURN LABOR-MANAGEMENT 12,889 7,271
56 RETURN TO CAPITAL 22,180 15,846
57 ASSET TURNOVER RATIO .3524 .4456
58 OPERATING PROFIT MARGIN RATIO .0938 .0541
59 % RETURN ON ASSETS .0330 .0241
60 % RETURN ON EQUITY .0213 -.0046
61 TOTAL EXPENSE RATIO .8108 .8777
62 ADJUSTED TOTAL EXPENSE RATIO .9646 1.0055
63 ECONOMIC TOTAL EXPENSE RATIO 1.0974 1.1013
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 237,878 258,766 231,372 241,417
65 NONCURRENT ASSETS 394,408 451,241 419,157 422,497
66 CURRENT LIABILITIES 88,456 116,843 148,870 144,609
67 NONCURRENT LIABILITIES 157,947 193,829 155,017 164,202
68 CURRENT RATIO 2.69 2.21 1.55 1.67
69 DEBT TO ASSET RATIO .39 .44 .47 .47
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR < 36 36 - 40
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 64,831 111,964
71 MACHINERY AND EQUIPMENT 39,340 68,079
72 MOTOR VEHICLES & LISTED PROPE 66,863 111,744
73 BUILDINGS 16,467 43,275
74 OWNED LAND 286,660 168,768
75 TOTAL ASSETS 671,146 657,222
76 NET WORTH 392,609 350,873
LABOR
77 NUMBER OF OPERATORS .90 .96
78 NUMBER OF WORKERS 1.18 2.27
79 TOTAL WORK DAYS 306 453
80 VALUE FARM PRODUCTION/WORKER 199,332 128,537
81 NET FARM INCOME/WORKER 37,709 15,722
PER OPERATOR BASIS
82 TOTAL ASSETS 740,235 681,563
83 VALUE OF FARM PRODUCTION 260,891 303,729
84 NET FARM INCOME 49,354 37,150
OTHER FACTORS
85 % CROP ACRES IRRIGATED 3.26 2.15
86 % TILLABLE LAND 61.26 69.29
87 CROP MACH COST/TOT EXPENSE(%) 20.43 21.84
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1432 15 369 12 1137 15 1330 14 503 10 1045 13
89 NON-IRRIGATED CROP ACRES 849 15 231 10 745 14 902 14 360 10 694 13
90 IRRIGATED CROP ACRES
91 TOTAL CROP ACRES 878 15 237 10 771 14 921 14 360 10 715 13
92 PASTURE ACRES 669 12 222 9 549 11 433 12 118 8 387 11
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 878 876 921 921
95 CROP MACHINERY INVESTMENT 73,896 84.21 84.36 130,235 141.35 141.47
96 CROP MACHINERY COST 39,176 44.64 44.72 56,137 60.93 60.98
97 GROSS CROP VALUE 156,692 178.56 178.87 188,612 204.71 204.88
98 CROP PRODUCTION COSTS 105,289 119.98 120.19 140,741 152.75 152.88
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 8 124 98 76.3 7 131 91 64.6
100 GRAIN SORGHUM 11 235 77 89.9 228 71.4 12 267 125 87.0 233 84.9
101 SOYBEANS 12 190 130 40.3 147 31.4 10 158 108 27.3 116 30.0
102 SUNFLOWERS
103 WHEAT 14 355 77 36.9 363 43.7 12 363 190 40.4 293 41.2
104 OTHER CROPS
105 ALFALFA 8 87 73 3.2 11 128 25 5.1 164 3.6
106 OTHER HAY & FORAGE 10 114 46 97 8 118 30 103
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 44 37
122 DAIRY COWS 11 42
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 153 51
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR 41 - 45 46 - 50
33 FARMS 45 FARMS
ITEM PER FARM PER FARM
1 BEEF 64,289 118,282
2 DAIRY AND MILK 15,310 19,279
3 SHEEP 528
4 SWINE 9,819 6,072
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -1,364 -1,370
7 CUSTOM FEEDING 239
8 FEED PURCHASED -19,077 -26,670
9 LIVESTOCK INCOME $ 69,504 $ 115,832
10 CORN 9,364 17,869
11 GRAIN SORGHUM 21,876 19,612
12 SOYBEANS 28,411 32,102
13 SUNFLOWERS 359 244
14 WHEAT 55,136 52,685
15 HAY AND FORAGE 9,754 6,055
16 OTHER CROP 1,837 3,186
17 GOVERNMENT PAYMENTS 30,326 37,351
18 CROP INSURANCE PROCEEDS 4,447 4,242
19 OTHER INCOME 9,676 17,453
20 VALUE OF FARM PRODUCTION $ 240,688 $ 306,629
21 HIRED LABOR 6,866 12,434
22 MACHINERY REPAIRS 21,757 22,526
23 IRRIGATION REPAIRS 186 158
24 BUILDING REPAIRS 1,461 945
25 INTEREST PAID 13,298 21,397
26 SEED-OTHER CROP EXPENSE 15,139 15,541
27 CROP INSURANCE 4,589 5,699
28 FERTILIZER-LIME 30,377 36,412
29 MACHINE HIRE 10,145 11,920
30 ORGANIZATION FEE, PUBLICATION 2,914 2,809
31 VET-MED-DRUGS 4,604 4,929
32 CROP STORAGE-MARKETING 1,122 621
33 LIVESTOCK MARKETING-BREEDING 3,392 6,490
34 DAIRY EXPENSE 5,041 2,179
35 GAS-FUEL-OIL 16,531 16,510
36 IRRIGATION ENERGY 262 460
37 REAL ESTATE TAXES 3,341 3,443
38 PERSONAL PROPERTY TAXES 647 993
39 GENERAL FARM INSURANCE 5,308 4,892
40 UTILITIES 5,144 3,955
41 CASH FARM RENT 18,564 31,099
42 HERBICIDE-INSECTICIDE 15,851 19,771
43 CONSERVATION 326 481
44 AUTO EXPENSE 632 1,376
45 TOTAL OPERATING EXPENSE $ 187,498 $ 227,042
46 DEPRECIATION-MACHINERY 21,515 21,287
47 DEPRECIATION-BUILDINGS 1,733 2,458
48 TOTAL FARM EXPENSE $ 210,746 $ 250,788
49 NET FARM INCOME $ 29,942 $ 55,840
50 UNPAID FAMILY LABOR 955 1,150
51 UNPAID OPERATOR LABOR 29,455 27,840
52 MANAGEMENT CHARGE 9,510 14,621
53 CURRENT ASSET CHARGE - 8% 11,066 14,331
54 NONCURRENT ASSET CHARGE - 8% 17,127 25,933
55 RETURN LABOR-MANAGEMENT 794 14,426
56 RETURN TO CAPITAL 3,321 33,626
57 ASSET TURNOVER RATIO .3639 .3541
58 OPERATING PROFIT MARGIN RATIO .0138 .1097
59 % RETURN ON ASSETS .0050 .0388
60 % RETURN ON EQUITY -.0283 .0243
61 TOTAL EXPENSE RATIO .8756 .8179
62 ADJUSTED TOTAL EXPENSE RATIO 1.0415 .9601
63 ECONOMIC TOTAL EXPENSE RATIO 1.1586 1.0914
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 237,636 251,386 311,003 340,518
65 NONCURRENT ASSETS 401,177 432,459 519,287 561,109
66 CURRENT LIABILITIES 103,257 109,125 142,138 151,121
67 NONCURRENT LIABILITIES 184,482 220,976 211,464 220,597
68 CURRENT RATIO 2.30 2.30 2.19 2.25
69 DEBT TO ASSET RATIO .45 .48 .43 .41
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR 41 - 45 46 - 50
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 57,496 96,497
71 MACHINERY AND EQUIPMENT 60,841 69,100
72 MOTOR VEHICLES & LISTED PROPE 92,141 92,624
73 BUILDINGS 16,853 24,316
74 OWNED LAND 225,986 340,073
75 TOTAL ASSETS 661,329 865,959
76 NET WORTH 352,410 503,299
LABOR
77 NUMBER OF OPERATORS 1.09 1.03
78 NUMBER OF WORKERS 1.30 1.46
79 TOTAL WORK DAYS 328 367
80 VALUE FARM PRODUCTION/WORKER 183,859 209,065
81 NET FARM INCOME/WORKER 22,872 38,073
PER OPERATOR BASIS
82 TOTAL ASSETS 606,218 839,831
83 VALUE OF FARM PRODUCTION 220,631 297,377
84 NET FARM INCOME 27,447 54,155
OTHER FACTORS
85 % CROP ACRES IRRIGATED 1.17 2.57
86 % TILLABLE LAND 71.29 66.20
87 CROP MACH COST/TOT EXPENSE(%) 30.17 25.87
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1623 33 414 26 1297 33 1905 45 506 38 1478 45
89 NON-IRRIGATED CROP ACRES 1144 33 269 25 940 33 1229 45 348 35 958 45
90 IRRIGATED CROP ACRES 162 9 137 8
91 TOTAL CROP ACRES 1157 33 269 25 953 33 1261 45 358 35 982 45
92 PASTURE ACRES 659 23 194 20 564 20 987 39 206 31 845 38
93 FARMSTEAD ACRES 22 10 20 8 48 10 31 10
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1157 1182 1261 1267
95 CROP MACHINERY INVESTMENT 128,379 110.94 108.61 133,903 106.16 105.72
96 CROP MACHINERY COST 63,587 54.95 53.79 64,890 51.45 51.23
97 GROSS CROP VALUE 202,747 175.20 171.52 232,409 184.26 183.50
98 CROP PRODUCTION COSTS 159,557 133.70 130.89 165,082 130.88 130.34
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 12 152 45 72.3 165 85.5 27 202 81 96.9 209 96.6
100 GRAIN SORGHUM 27 265 90 95.4 225 84.8 41 242 92 86.4 193 82.8
101 SOYBEANS 21 278 77 30.3 231 32.5 36 213 93 34.6 173 35.7
102 SUNFLOWERS 5 105 113 13.0
103 WHEAT 30 586 152 42.2 502 38.5 45 490 141 41.5 393 41.1
104 OTHER CROPS 10 40 46 27
105 ALFALFA 22 120 46 2.9 110 3.1 37 87 48 3.4 72 3.4
106 OTHER HAY & FORAGE 22 133 57 92 41 151 48 146
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 4 180
111 GRAIN SORGHUM 4 47
112 SOYBEANS 4 71 71 56.0
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 33 41
122 DAIRY COWS 4 5
123 EWES 2
124 SOWS 7 5
125 BEEF PURCH. FOR RESALE SALES 114 160
126 SWINE PURCH. FOR RESALE SALES 11
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR 51 - 55 56 - 60
67 FARMS 39 FARMS
ITEM PER FARM PER FARM
1 BEEF 73,585 165,673
2 DAIRY AND MILK 18,356 1,372
3 SHEEP 729
4 SWINE 14,957 1,718
5 POULTRY AND EGGS 4
6 OTHER LIVESTOCK -1,805 -1,427
7 CUSTOM FEEDING 1,016 12,743
8 FEED PURCHASED -21,421 -62,020
9 LIVESTOCK INCOME $ 85,417 $ 118,062
10 CORN 13,066 3,914
11 GRAIN SORGHUM 23,857 29,142
12 SOYBEANS 32,376 39,368
13 SUNFLOWERS 1,230 671
14 WHEAT 57,065 64,418
15 HAY AND FORAGE 9,265 14,284
16 OTHER CROP 3,384 1,165
17 GOVERNMENT PAYMENTS 36,326 37,638
18 CROP INSURANCE PROCEEDS 3,261 4,506
19 OTHER INCOME 17,858 11,279
20 VALUE OF FARM PRODUCTION $ 283,104 $ 324,448
21 HIRED LABOR 12,869 23,540
22 MACHINERY REPAIRS 24,073 27,629
23 IRRIGATION REPAIRS 585 272
24 BUILDING REPAIRS 1,954 1,348
25 INTEREST PAID 18,757 25,518
26 SEED-OTHER CROP EXPENSE 15,521 15,711
27 CROP INSURANCE 5,714 5,689
28 FERTILIZER-LIME 34,808 35,036
29 MACHINE HIRE 8,806 10,475
30 ORGANIZATION FEE, PUBLICATION 2,868 3,369
31 VET-MED-DRUGS 3,684 5,379
32 CROP STORAGE-MARKETING 1,603 2,574
33 LIVESTOCK MARKETING-BREEDING 4,629 3,780
34 DAIRY EXPENSE 2,098
35 GAS-FUEL-OIL 17,680 21,712
36 IRRIGATION ENERGY 119 265
37 REAL ESTATE TAXES 4,449 5,076
38 PERSONAL PROPERTY TAXES 1,062 1,385
39 GENERAL FARM INSURANCE 4,901 5,061
40 UTILITIES 5,713 6,148
41 CASH FARM RENT 24,457 26,010
42 HERBICIDE-INSECTICIDE 17,158 16,176
43 CONSERVATION 523 315
44 AUTO EXPENSE 974 1,534
45 TOTAL OPERATING EXPENSE $ 215,005 $ 244,002
46 DEPRECIATION-MACHINERY 23,180 23,703
47 DEPRECIATION-BUILDINGS 2,913 2,497
48 TOTAL FARM EXPENSE $ 241,099 $ 270,203
49 NET FARM INCOME $ 42,006 $ 54,245
50 UNPAID FAMILY LABOR 974 1,038
51 UNPAID OPERATOR LABOR 27,887 27,346
52 MANAGEMENT CHARGE 11,940 15,751
53 CURRENT ASSET CHARGE - 8% 8,777 12,948
54 NONCURRENT ASSET CHARGE - 8% 31,960 37,661
55 RETURN LABOR-MANAGEMENT 294 2,597
56 RETURN TO CAPITAL 19,963 35,627
57 ASSET TURNOVER RATIO .3376 .2805
58 OPERATING PROFIT MARGIN RATIO .0705 .1098
59 % RETURN ON ASSETS .0238 .0308
60 % RETURN ON EQUITY .0024 .0160
61 TOTAL EXPENSE RATIO .8516 .8328
62 ADJUSTED TOTAL EXPENSE RATIO .9957 .9688
63 ECONOMIC TOTAL EXPENSE RATIO 1.1396 1.1248
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 234,273 255,939 395,532 452,625
65 NONCURRENT ASSETS 577,634 609,273 722,549 742,665
66 CURRENT LIABILITIES 129,741 141,044 250,968 273,488
67 NONCURRENT LIABILITIES 189,792 198,110 255,047 268,637
68 CURRENT RATIO 1.81 1.81 1.58 1.66
69 DEBT TO ASSET RATIO .39 .39 .45 .45
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR 51 - 55 56 - 60
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 65,855 77,606
71 MACHINERY AND EQUIPMENT 68,481 74,111
72 MOTOR VEHICLES & LISTED PROPE 114,024 117,301
73 BUILDINGS 25,885 23,982
74 OWNED LAND 370,192 498,411
75 TOTAL ASSETS 838,560 1,156,686
76 NET WORTH 509,216 632,616
LABOR
77 NUMBER OF OPERATORS 1.03 1.01
78 NUMBER OF WORKERS 1.43 1.63
79 TOTAL WORK DAYS 348 415
80 VALUE FARM PRODUCTION/WORKER 197,172 198,641
81 NET FARM INCOME/WORKER 29,255 33,211
PER OPERATOR BASIS
82 TOTAL ASSETS 811,900 1,142,045
83 VALUE OF FARM PRODUCTION 274,104 320,341
84 NET FARM INCOME 40,670 53,558
OTHER FACTORS
85 % CROP ACRES IRRIGATED 3.23 4.16
86 % TILLABLE LAND 64.96 55.51
87 CROP MACH COST/TOT EXPENSE(%) 27.68 28.14
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1778 67 595 54 1360 64 2521 39 742 34 1923 38
89 NON-IRRIGATED CROP ACRES 1118 67 381 53 868 63 1341 39 483 33 957 38
90 IRRIGATED CROP ACRES 250 10 54 5 279 8 206 11 219 9
91 TOTAL CROP ACRES 1155 67 386 53 904 63 1399 39 492 33 1009 38
92 PASTURE ACRES 821 50 304 37 693 43 1265 34 306 28 1076 32
93 FARMSTEAD ACRES 33 21 25 16 37 8 67 11 40 10 54 6
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1155 1173 1399 1430
95 CROP MACHINERY INVESTMENT 149,544 129.44 127.52 162,026 115.78 113.31
96 CROP MACHINERY COST 66,727 57.76 56.90 76,046 54.34 53.18
97 GROSS CROP VALUE 221,399 191.64 188.79 257,185 183.77 179.86
98 CROP PRODUCTION COSTS 164,501 142.39 140.27 189,506 135.41 132.53
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 28 160 114 83.5 135 87.8 14 111 57 74.0 95 78.6
100 GRAIN SORGHUM 58 250 101 88.1 208 84.5 32 321 146 81.3 229 76.5
101 SOYBEANS 49 241 126 37.0 200 32.1 26 282 88 28.7 286 33.8
102 SUNFLOWERS 7 101 75 11.7
103 WHEAT 65 521 179 40.8 430 38.8 37 671 230 40.2 512 38.4
104 OTHER CROPS 6 24 23
105 ALFALFA 47 92 66 3.7 83 3.7 27 133 45 3.3 168 3.4
106 OTHER HAY & FORAGE 52 116 77 84 34 141 89 103
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 6 236 225 180.8 7 80 96 172.3
111 GRAIN SORGHUM 4 42 6 98 108 111.7
112 SOYBEANS 9 121 133 49.1 9 112 121 57.0
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 45 68
122 DAIRY COWS 5
123 EWES 6
124 SOWS 18 2
125 BEEF PURCH. FOR RESALE SALES 92 214
126 SWINE PURCH. FOR RESALE SALES 54
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR 61 - 65 66 - 70
34 FARMS 17 FARMS
ITEM PER FARM PER FARM
1 BEEF 153,193 53,940
2 DAIRY AND MILK 13,911 25,497
3 SHEEP
4 SWINE 2,838
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -706 6
7 CUSTOM FEEDING 58 189
8 FEED PURCHASED -66,651 -14,978
9 LIVESTOCK INCOME $ 102,644 $ 64,654
10 CORN 12,616 3,678
11 GRAIN SORGHUM 24,812 18,706
12 SOYBEANS 34,265 18,415
13 SUNFLOWERS 2,403 112
14 WHEAT 61,604 40,028
15 HAY AND FORAGE 3,322 2,362
16 OTHER CROP 2,113 44
17 GOVERNMENT PAYMENTS 40,029 28,238
18 CROP INSURANCE PROCEEDS 3,721 2,116
19 OTHER INCOME 10,989 2,842
20 VALUE OF FARM PRODUCTION $ 298,519 $ 181,195
21 HIRED LABOR 14,420 4,960
22 MACHINERY REPAIRS 19,544 14,938
23 IRRIGATION REPAIRS 443 630
24 BUILDING REPAIRS 1,456 1,013
25 INTEREST PAID 17,498 6,067
26 SEED-OTHER CROP EXPENSE 16,374 10,407
27 CROP INSURANCE 6,350 3,484
28 FERTILIZER-LIME 40,210 26,761
29 MACHINE HIRE 10,338 5,608
30 ORGANIZATION FEE, PUBLICATION 3,067 2,159
31 VET-MED-DRUGS 5,145 3,710
32 CROP STORAGE-MARKETING 783 267
33 LIVESTOCK MARKETING-BREEDING 2,155 4,253
34 DAIRY EXPENSE 4,634 1,856
35 GAS-FUEL-OIL 14,876 12,011
36 IRRIGATION ENERGY 939 189
37 REAL ESTATE TAXES 6,702 4,864
38 PERSONAL PROPERTY TAXES 764 436
39 GENERAL FARM INSURANCE 5,047 3,238
40 UTILITIES 4,102 4,140
41 CASH FARM RENT 17,869 11,798
42 HERBICIDE-INSECTICIDE 15,165 9,336
43 CONSERVATION 641
44 AUTO EXPENSE 682 795
45 TOTAL OPERATING EXPENSE $ 209,205 $ 132,920
46 DEPRECIATION-MACHINERY 28,346 18,008
47 DEPRECIATION-BUILDINGS 1,834 1,517
48 TOTAL FARM EXPENSE $ 239,385 $ 152,445
49 NET FARM INCOME $ 59,135 $ 28,749
50 UNPAID FAMILY LABOR 993 2,118
51 UNPAID OPERATOR LABOR 27,397 26,206
52 MANAGEMENT CHARGE 15,375 8,760
53 CURRENT ASSET CHARGE - 8% 16,010 11,032
54 NONCURRENT ASSET CHARGE - 8% 53,496 44,001
55 RETURN LABOR-MANAGEMENT -11,365 -28,401
56 RETURN TO CAPITAL 32,868 -2,267
57 ASSET TURNOVER RATIO .2519 .2209
58 OPERATING PROFIT MARGIN RATIO .1101 -.0125
59 % RETURN ON ASSETS .0277 -.0028
60 % RETURN ON EQUITY .0177 -.0121
61 TOTAL EXPENSE RATIO .8019 .8413
62 ADJUSTED TOTAL EXPENSE RATIO .9485 1.0460
63 ECONOMIC TOTAL EXPENSE RATIO 1.1814 1.3497
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 355,815 386,531 217,839 219,182
65 NONCURRENT ASSETS 811,549 815,971 599,783 603,535
66 CURRENT LIABILITIES 162,739 179,355 72,009 89,207
67 NONCURRENT LIABILITIES 150,449 139,662 59,804 43,489
68 CURRENT RATIO 2.19 2.16 3.03 2.46
69 DEBT TO ASSET RATIO .27 .27 .16 .16
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR 61 - 65 66 - 70
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 50,493 52,085
71 MACHINERY AND EQUIPMENT 75,972 54,355
72 MOTOR VEHICLES & LISTED PROPE 147,103 98,054
73 BUILDINGS 18,920 17,357
74 OWNED LAND 546,305 391,662
75 TOTAL ASSETS 1,184,933 820,169
76 NET WORTH 868,831 687,915
LABOR
77 NUMBER OF OPERATORS 1.01 .97
78 NUMBER OF WORKERS 1.57 1.24
79 TOTAL WORK DAYS 339 241
80 VALUE FARM PRODUCTION/WORKER 189,359 145,986
81 NET FARM INCOME/WORKER 37,511 23,163
PER OPERATOR BASIS
82 TOTAL ASSETS 1,167,760 845,023
83 VALUE OF FARM PRODUCTION 294,193 186,685
84 NET FARM INCOME 58,277 29,621
OTHER FACTORS
85 % CROP ACRES IRRIGATED 3.43 .82
86 % TILLABLE LAND 65.98 68.01
87 CROP MACH COST/TOT EXPENSE(%) 31.88 33.82
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1775 34 712 30 1258 31 1248 17 562 16 720 17
89 NON-IRRIGATED CROP ACRES 1165 33 492 29 806 30 842 17 440 16 454 16
90 IRRIGATED CROP ACRES 171 8 126 7
91 TOTAL CROP ACRES 1207 33 508 29 836 30 849 17 447 16 454 16
92 PASTURE ACRES 804 25 357 18 651 21 543 12 165 10 608 8
93 FARMSTEAD ACRES 52 8 35 5 34 7 56 5
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1171 1176 849 815
95 CROP MACHINERY INVESTMENT 186,031 158.86 158.16 113,571 133.79 139.39
96 CROP MACHINERY COST 76,310 65.17 64.88 51,553 60.73 63.27
97 GROSS CROP VALUE 227,277 188.38 187.54 147,580 173.85 181.13
98 CROP PRODUCTION COSTS 182,873 156.16 155.47 117,334 138.22 144.00
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 14 194 145 74.9 127 91.6 7 107 60 62.3 84 70.4
100 GRAIN SORGHUM 29 241 133 81.1 186 80.5 15 209 127 84.2 135 80.3
101 SOYBEANS 24 261 153 36.1 167 35.0 12 175 87 32.4 117 28.8
102 SUNFLOWERS 4 99 87 15.3
103 WHEAT 31 583 227 41.6 451 40.7 16 388 202 38.1 227 38.3
104 OTHER CROPS
105 ALFALFA 25 59 41 3.9 57 3.7 6 72 46 4.9
106 OTHER HAY & FORAGE 26 100 60 105 11 99 53 61
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 4 125 102 170.3
111 GRAIN SORGHUM
112 SOYBEANS 5 71 68 55.3
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 45 34
122 DAIRY COWS 3 8
123 EWES
124 SOWS 2
125 BEEF PURCH. FOR RESALE SALES 355 56
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - NC KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR > 70
20 FARMS
ITEM PER FARM PER FARM
1 BEEF 24,126
2 DAIRY AND MILK
3 SHEEP
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -245
7 CUSTOM FEEDING
8 FEED PURCHASED -1,879
9 LIVESTOCK INCOME $ 22,002
10 CORN 1,588
11 GRAIN SORGHUM 8,260
12 SOYBEANS 12,001
13 SUNFLOWERS 321
14 WHEAT 29,734
15 HAY AND FORAGE 4,088
16 OTHER CROP 2,275
17 GOVERNMENT PAYMENTS 15,758
18 CROP INSURANCE PROCEEDS 602
19 OTHER INCOME 3,142
20 VALUE OF FARM PRODUCTION $ 99,773
21 HIRED LABOR 1,012
22 MACHINERY REPAIRS 8,181
23 IRRIGATION REPAIRS 73
24 BUILDING REPAIRS 624
25 INTEREST PAID 3,892
26 SEED-OTHER CROP EXPENSE 5,232
27 CROP INSURANCE 1,853
28 FERTILIZER-LIME 15,638
29 MACHINE HIRE 3,346
30 ORGANIZATION FEE, PUBLICATION 1,396
31 VET-MED-DRUGS 497
32 CROP STORAGE-MARKETING 379
33 LIVESTOCK MARKETING-BREEDING 612
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 8,229
36 IRRIGATION ENERGY 181
37 REAL ESTATE TAXES 4,624
38 PERSONAL PROPERTY TAXES 272
39 GENERAL FARM INSURANCE 2,928
40 UTILITIES 2,346
41 CASH FARM RENT 4,870
42 HERBICIDE-INSECTICIDE 5,394
43 CONSERVATION 208
44 AUTO EXPENSE 899
45 TOTAL OPERATING EXPENSE $ 72,685
46 DEPRECIATION-MACHINERY 11,017
47 DEPRECIATION-BUILDINGS 562
48 TOTAL FARM EXPENSE $ 84,264
49 NET FARM INCOME $ 15,509
50 UNPAID FAMILY LABOR 1,238
51 UNPAID OPERATOR LABOR 18,495
52 MANAGEMENT CHARGE 5,375
53 CURRENT ASSET CHARGE - 8% 9,110
54 NONCURRENT ASSET CHARGE - 8% 46,336
55 RETURN LABOR-MANAGEMENT -41,174
56 RETURN TO CAPITAL -5,706
57 ASSET TURNOVER RATIO .1305
58 OPERATING PROFIT MARGIN RATIO -.0572
59 % RETURN ON ASSETS -.0075
60 % RETURN ON EQUITY -.0138
61 TOTAL EXPENSE RATIO .8446
62 ADJUSTED TOTAL EXPENSE RATIO 1.0962
63 ECONOMIC TOTAL EXPENSE RATIO 1.6519
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 145,359 148,475
65 NONCURRENT ASSETS 615,551 619,531
66 CURRENT LIABILITIES 33,296 32,789
67 NONCURRENT LIABILITIES 39,859 36,831
68 CURRENT RATIO 4.37 4.53
69 DEBT TO ASSET RATIO .10 .09
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2005 DATA - NC KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR > 70
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 18,781
71 MACHINERY AND EQUIPMENT 36,710
72 MOTOR VEHICLES & LISTED PROPE 75,152
73 BUILDINGS 7,152
74 OWNED LAND 484,366
75 TOTAL ASSETS 764,458
76 NET WORTH 693,070
LABOR
77 NUMBER OF OPERATORS .68
78 NUMBER OF WORKERS .79
79 TOTAL WORK DAYS 138
80 VALUE FARM PRODUCTION/WORKER 126,296
81 NET FARM INCOME/WORKER 19,632
PER OPERATOR BASIS
82 TOTAL ASSETS 1,115,998
83 VALUE OF FARM PRODUCTION 145,655
84 NET FARM INCOME 22,641
OTHER FACTORS
85 % CROP ACRES IRRIGATED .78
86 % TILLABLE LAND 68.70
87 CROP MACH COST/TOT EXPENSE(%) 40.88
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 831 20 517 18 456 16
89 NON-IRRIGATED CROP ACRES 566 20 365 18 339 14
90 IRRIGATED CROP ACRES
91 TOTAL CROP ACRES 571 20 365 18 346 14
92 PASTURE ACRES 364 14 243 11 269 9
93 FARMSTEAD ACRES
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 571 549
95 CROP MACHINERY INVESTMENT 100,191 175.59 182.60
96 CROP MACHINERY COST 34,450 60.38 62.79
97 GROSS CROP VALUE 89,710 157.22 163.50
98 CROP PRODUCTION COSTS 74,806 131.10 136.34
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 15 119 100 68.6 78 66.0
101 SOYBEANS 15 93 61 31.9 66 35.1
102 SUNFLOWERS
103 WHEAT 19 315 177 40.5 248 36.3
104 OTHER CROPS
105 ALFALFA 12 52 56 3.1 29 3.3
106 OTHER HAY & FORAGE 16 39 39 18
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 16
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 15
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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