North Central KFMA
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       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                          PARTNERSHIP - PARTOWNER   
                                                         26 FARMS                                   8 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            82,666                                    55,009 
        2  DAIRY AND MILK                                  80,851                                    91,135 
        3  SHEEP                                               -9 
        4  SWINE                                           24,807                                    12,062 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -1,589 
        7  CUSTOM FEEDING                                   1,226                                    26,043 
        8  FEED PURCHASED                                 -33,292                                   -37,534 
        9     LIVESTOCK INCOME                       $    154,661                              $    146,715 
      
       10  CORN                                            30,962                                     1,659 
       11  GRAIN SORGHUM                                   42,657                                    33,701 
       12  SOYBEANS                                        63,418                                    21,770 
       13  SUNFLOWERS                                       1,004 
       14  WHEAT                                           84,383                                    68,274 
       15  HAY AND FORAGE                                  24,393                                     2,954 
       16  OTHER CROP                                       5,977                                     5,479 
       17  GOVERNMENT PAYMENTS                             65,852                                    40,695 
       18  CROP INSURANCE PROCEEDS                          9,365                                     4,926 
       19  OTHER INCOME                                    24,342                                     7,103 
       20     VALUE OF FARM PRODUCTION               $    507,015                              $    333,276 
      
       21  HIRED LABOR                                     48,056                                    23,259 
       22  MACHINERY REPAIRS                               39,582                                    19,024 
       23  IRRIGATION REPAIRS                                 978                                       285 
       24  BUILDING REPAIRS                                 3,759                                     1,688 
       25  INTEREST PAID                                   25,312                                    18,624 
       26  SEED-OTHER CROP EXPENSE                         29,352                                    14,407 
       27  CROP INSURANCE                                   9,185                                     6,819 
       28  FERTILIZER-LIME                                 62,702                                    36,210 
       29  MACHINE HIRE                                    14,714                                     6,793 
       30  ORGANIZATION FEE, PUBLICATION                    4,762                                     2,427 
       31  VET-MED-DRUGS                                    8,316                                     7,291 
       32  CROP STORAGE-MARKETING                           3,017                                     1,331 
       33  LIVESTOCK MARKETING-BREEDING                     6,808                                     5,613 
       34  DAIRY EXPENSE                                    7,782                                    20,884 
       35  GAS-FUEL-OIL                                    30,209                                    21,098 
       36  IRRIGATION ENERGY                                  809                                       362 
       37  REAL ESTATE TAXES                                5,746                                     4,677 
       38  PERSONAL PROPERTY TAXES                          1,656                                       828 
       39  GENERAL FARM INSURANCE                           8,776                                     7,484 
       40  UTILITIES                                       14,037                                    14,024 
       41  CASH FARM RENT                                  60,571                                    25,951 
       42  HERBICIDE-INSECTICIDE                           31,306                                    20,139 
       43  CONSERVATION                                       988 
       44  AUTO EXPENSE                                       395                                       350 
       45     TOTAL OPERATING EXPENSE                $    418,817                              $    259,569 
      
       46  DEPRECIATION-MACHINERY                          40,871                                    26,077 
       47  DEPRECIATION-BUILDINGS                           5,905                                     4,417 
       48     TOTAL FARM EXPENSE                     $    465,592                              $    290,063 
      
       49     NET FARM INCOME                        $     41,423                              $     43,213 
      
       50  UNPAID FAMILY LABOR                              1,385                                       844 
       51  UNPAID OPERATOR LABOR                           38,008                                    50,625 
       52  MANAGEMENT CHARGE                               15,561                                    13,535 
       53  CURRENT ASSET CHARGE - 8%                       15,342                                    16,280 
       54  NONCURRENT ASSET CHARGE - 8%                    23,200                                    41,669 
       55  RETURN LABOR-MANAGEMENT                          1,496                                   -15,579 
       56  RETURN TO CAPITAL                               11,781                                    -3,166 
       57  ASSET TURNOVER RATIO                             .5428                                     .3332 
       58  OPERATING PROFIT MARGIN RATIO                    .0232                                    -.0095 
       59  % RETURN ON ASSETS                               .0126                                    -.0032 
       60  % RETURN ON EQUITY                              -.0281                                    -.0301 
       61  TOTAL EXPENSE RATIO                              .9183                                     .8703 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0267                                    1.0654 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1027                                    1.2393 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          363,066               367,020             280,876               275,085    
       65  NONCURRENT ASSETS                       558,334               579,620             718,268               726,190    
       66  CURRENT LIABILITIES                     175,395               171,129              75,686                73,280    
       67  NONCURRENT LIABILITIES                  269,533               288,413             194,012               208,733    
       68  CURRENT RATIO                              2.07                  2.14                3.71                  3.75    
       69  DEBT TO ASSET RATIO                         .48                   .49                 .27                   .28    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                          PARTNERSHIP - PARTOWNER   
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             124,283                                   118,797 
       71  MACHINERY AND EQUIPMENT                        120,199                                    68,660 
       72  MOTOR VEHICLES & LISTED PROPE                  180,958                                   131,039 
       73  BUILDINGS                                       59,315                                    39,958 
       74  OWNED LAND                                     175,409                                   442,346 
       75  TOTAL ASSETS                                   934,020                                 1,000,210 
       76  NET WORTH                                      481,785                                   724,354 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.40                                      1.87 
       78  NUMBER OF WORKERS                                 3.00                                      2.35 
       79  TOTAL WORK DAYS                                    672                                       442 
       80  VALUE FARM PRODUCTION/WORKER                   168,573                                   141,820 
       81  NET FARM INCOME/WORKER                          13,772                                    18,389 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   663,512                                   533,445 
       83  VALUE OF FARM PRODUCTION                       360,175                                   177,747 
       84  NET FARM INCOME                                 29,426                                    23,047 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            5.67 
       86  % TILLABLE LAND                                  75.76                                     65.27 
       87  CROP MACH COST/TOT EXPENSE(%)                    24.32                                     22.22 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2617    26   1036     8   2391    25       1910     8    803     8   1108     8    
       89  NON-IRRIGATED CROP ACRES        1870    26    811     8   1685    25       1247     8    528     8    719     8    
       90  IRRIGATED CROP ACRES             366     8                 366     8     
       91  TOTAL CROP ACRES                1983    26    811     8   1802    25       1247     8    528     8    719     8    
       92  PASTURE ACRES                    839    19                 859    17        718     7    335     6    431     7    
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1983          2094                        1247          1239  
       95  CROP MACHINERY INVESTMENT          249,350        125.75        119.06        157,579        126.38        127.15  
       96  CROP MACHINERY COST                113,221         57.10         54.06         64,464         51.70         52.02  
       97  GROSS CROP VALUE                   404,298        203.89        193.05        225,776        181.07        182.18  
       98  CROP PRODUCTION COSTS              306,373        154.51        146.29        176,642        141.67        142.53  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            14    262    246   105.3   223    99.4   
      100  GRAIN SORGHUM                   21    433    327    91.6   389    84.5      8    274    147    87.7   145    81.4  
      101  SOYBEANS                        22    420    227    42.3   386    33.8      7    197    108    22.4    89    27.2  
      102  SUNFLOWERS   
      103  WHEAT                           25    831    364    39.7   775    38.3      8    572    210    40.8   363    39.4  
      104  OTHER CROPS  
      105  ALFALFA                         20    207                  223     3.6      7     96     50     4.5    71     3.5  
      106  OTHER HAY & FORAGE              18    213    102           202              6    135     54            97    
      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    247                  247   186.4   
      111  GRAIN SORGHUM
      112  SOYBEANS                         7    187                  187    54.4   
      113  SUNFLOWERS   
      114  WHEAT  
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           45                                        56 
      122  DAIRY COWS                                          24                                        26 
      123  EWES   
      124  SOWS                                                33                                         8 
      125  BEEF PURCH. FOR RESALE SALES                       111 
      126  SWINE PURCH. FOR RESALE SALES                      125 
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                     PARTNERSHIP - TENANT                          SINGLE - OWNER  
                                                         12 FARMS                                  11 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           158,135                                   212,849 
        2  DAIRY AND MILK                                  14,029                                    34,139 
        3  SHEEP  
        4  SWINE                                           14,974                                    12,509 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -1,262 
        7  CUSTOM FEEDING                                   1,592                                       180 
        8  FEED PURCHASED                                 -37,582                                  -140,844 
        9     LIVESTOCK INCOME                       $    149,885                              $    118,833 
      
       10  CORN                                            29,676                                       585 
       11  GRAIN SORGHUM                                   31,663                                    16,107 
       12  SOYBEANS                                        48,811                                    14,568 
       13  SUNFLOWERS                                         249 
       14  WHEAT                                           49,370                                    19,829 
       15  HAY AND FORAGE                                   3,098                                    19,596 
       16  OTHER CROP                                          53                                     3,547 
       17  GOVERNMENT PAYMENTS                             44,578                                    21,638 
       18  CROP INSURANCE PROCEEDS                          3,785                                       925 
       19  OTHER INCOME                                    19,918                                    10,487 
       20     VALUE OF FARM PRODUCTION               $    381,084                              $    226,115 
      
       21  HIRED LABOR                                      9,290                                    11,389 
       22  MACHINERY REPAIRS                               32,170                                    10,542 
       23  IRRIGATION REPAIRS                               1,337                                       236 
       24  BUILDING REPAIRS                                   615                                     1,394 
       25  INTEREST PAID                                   17,984                                    10,714 
       26  SEED-OTHER CROP EXPENSE                         21,494                                     6,855 
       27  CROP INSURANCE                                   5,466                                     1,970 
       28  FERTILIZER-LIME                                 46,951                                    19,037 
       29  MACHINE HIRE                                    12,593                                    17,917 
       30  ORGANIZATION FEE, PUBLICATION                    4,899                                     2,618 
       31  VET-MED-DRUGS                                   10,098                                     5,216 
       32  CROP STORAGE-MARKETING                           1,932                                     3,146 
       33  LIVESTOCK MARKETING-BREEDING                     8,129                                     4,350 
       34  DAIRY EXPENSE                                    1,298                                    14,319 
       35  GAS-FUEL-OIL                                    21,947                                    11,171 
       36  IRRIGATION ENERGY                                  284 
       37  REAL ESTATE TAXES                                2,049                                     7,195 
       38  PERSONAL PROPERTY TAXES                          1,530                                       844 
       39  GENERAL FARM INSURANCE                           6,246                                     4,632 
       40  UTILITIES                                        5,240                                     4,213 
       41  CASH FARM RENT                                  55,940                                     3,505 
       42  HERBICIDE-INSECTICIDE                           20,709                                     7,222 
       43  CONSERVATION                                       296                                       537 
       44  AUTO EXPENSE                                       384                                     1,792 
       45     TOTAL OPERATING EXPENSE                $    288,881                              $    150,813 
      
       46  DEPRECIATION-MACHINERY                          28,284                                    19,760 
       47  DEPRECIATION-BUILDINGS                           1,686                                     3,576 
       48     TOTAL FARM EXPENSE                     $    318,851                              $    174,148 
      
       49     NET FARM INCOME                        $     62,234                              $     51,967 
      
       50  UNPAID FAMILY LABOR                                563                                     3,273 
       51  UNPAID OPERATOR LABOR                           42,975                                    21,845 
       52  MANAGEMENT CHARGE                               16,759                                    13,642 
       53  CURRENT ASSET CHARGE - 8%                       11,478                                    29,931 
       54  NONCURRENT ASSET CHARGE - 8%                    15,178                                    69,827 
       55  RETURN LABOR-MANAGEMENT                         35,015                                   -51,064 
       56  RETURN TO CAPITAL                               19,922                                    23,922 
       57  ASSET TURNOVER RATIO                             .5329                                     .1533 
       58  OPERATING PROFIT MARGIN RATIO                    .0523                                     .1058 
       59  % RETURN ON ASSETS                               .0279                                     .0162 
       60  % RETURN ON EQUITY                               .0058                                     .0106 
       61  TOTAL EXPENSE RATIO                              .8367                                     .7702 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9949                                     .9416 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0649                                    1.3828 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          338,738               426,575             515,666               575,165    
       65  NONCURRENT ASSETS                       301,935               362,990             931,722               927,348    
       66  CURRENT LIABILITIES                     200,234               278,124             167,840               174,720    
       67  NONCURRENT LIABILITIES                  122,827               162,652              59,368                54,015    
       68  CURRENT RATIO                              1.69                  1.53                3.07                  3.29    
       69  DEBT TO ASSET RATIO                         .50                   .56                 .16                   .15    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                     PARTNERSHIP - TENANT                          SINGLE - OWNER  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              74,993                                    29,922 
       71  MACHINERY AND EQUIPMENT                         75,960                                    49,973 
       72  MOTOR VEHICLES & LISTED PROPE                  167,538                                   114,592 
       73  BUILDINGS                                       15,897                                    26,715 
       74  OWNED LAND                                      49,003                                   686,717 
       75  TOTAL ASSETS                                   715,120                                 1,474,950 
       76  NET WORTH                                      333,201                                 1,246,979 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.59                                       .80 
       78  NUMBER OF WORKERS                                 1.87                                      1.40 
       79  TOTAL WORK DAYS                                    411                                       251 
       80  VALUE FARM PRODUCTION/WORKER                   203,245                                   161,511 
       81  NET FARM INCOME/WORKER                          33,191                                    37,119 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   449,290                                 1,822,972 
       83  VALUE OF FARM PRODUCTION                       239,425                                   279,468 
       84  NET FARM INCOME                                 39,100                                    64,229 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            4.36 
       86  % TILLABLE LAND                                  55.64                                     75.56 
       87  CROP MACH COST/TOT EXPENSE(%)                    23.27                                     27.04 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2149    12                2149    12        704    11    704    11     
       89  NON-IRRIGATED CROP ACRES        1143    12                1143    12        585    10    585    10     
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                1196    12                1196    12        585    10    585    10     
       92  PASTURE ACRES                   1035    11                1035    11        254     7    254     7     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1196          1301                         532           555  
       95  CROP MACHINERY INVESTMENT          181,432        151.73        139.49        126,654        238.23        228.37  
       96  CROP MACHINERY COST                 74,182         62.04         57.04         47,098         88.59         84.92  
       97  GROSS CROP VALUE                   256,424        214.45        197.15        104,620        178.90        171.49  
       98  CROP PRODUCTION COSTS              190,644        159.43        146.58         99,873        187.86        180.08  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            10    164                  164    83.4   
      100  GRAIN SORGHUM                   11    316                  316    84.6      7    225    225    90.2    
      101  SOYBEANS                         9    273                  273    34.1      6     72     72    32.1    
      102  SUNFLOWERS   
      103  WHEAT                           11    459                  459    40.3      9    226    226    39.4    
      104  OTHER CROPS  
      105  ALFALFA                         10     83                   83     3.9      6    157    157     2.7    
      106  OTHER HAY & FORAGE              10    150                  150              8     88     88
      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                                           62                                         8 
      122  DAIRY COWS                                           4                                         8 
      123  EWES   
      124  SOWS                                                10                                        22 
      125  BEEF PURCH. FOR RESALE SALES                       228                                       638 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NC KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                      SINGLE - PARTOWNER                           SINGLE - TENANT 
                                                        211 FARMS                                  16 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            95,396                                    32,233 
        2  DAIRY AND MILK                                  11,033                                    22,913 
        3  SHEEP                                              314 
        4  SWINE                                            3,337 
        5  POULTRY AND EGGS                                     1 
        6  OTHER LIVESTOCK                                 -1,353                                       517 
        7  CUSTOM FEEDING                                   1,529 
        8  FEED PURCHASED                                 -27,728                                   -11,000 
        9     LIVESTOCK INCOME                       $     82,528                              $     44,663 
      
       10  CORN                                             7,794                                     1,817 
       11  GRAIN SORGHUM                                   18,892                                    15,331 
       12  SOYBEANS                                        26,056                                    21,135 
       13  SUNFLOWERS                                       1,088                                       127 
       14  WHEAT                                           51,357                                    32,935 
       15  HAY AND FORAGE                                   4,833                                    22,500 
       16  OTHER CROP                                       1,743                                     1,529 
       17  GOVERNMENT PAYMENTS                             30,388                                    24,319 
       18  CROP INSURANCE PROCEEDS                          2,710                                     3,498 
       19  OTHER INCOME                                    11,988                                     8,312 
       20     VALUE OF FARM PRODUCTION               $    239,378                              $    176,167 
      
       21  HIRED LABOR                                      8,538                                    12,375 
       22  MACHINERY REPAIRS                               19,834                                    14,859 
       23  IRRIGATION REPAIRS                                 234                                         5 
       24  BUILDING REPAIRS                                 1,161                                       587 
       25  INTEREST PAID                                   16,894                                    10,974 
       26  SEED-OTHER CROP EXPENSE                         12,491                                    12,775 
       27  CROP INSURANCE                                   4,580                                     3,731 
       28  FERTILIZER-LIME                                 29,616                                    21,722 
       29  MACHINE HIRE                                     8,399                                    14,732 
       30  ORGANIZATION FEE, PUBLICATION                    2,495                                     3,176 
       31  VET-MED-DRUGS                                    3,893                                     2,165 
       32  CROP STORAGE-MARKETING                             887                                     1,017 
       33  LIVESTOCK MARKETING-BREEDING                     3,412                                     1,235 
       34  DAIRY EXPENSE                                    1,221                                       681 
       35  GAS-FUEL-OIL                                    14,351                                    12,891 
       36  IRRIGATION ENERGY                                  339                                        16 
       37  REAL ESTATE TAXES                                4,453                                     2,224 
       38  PERSONAL PROPERTY TAXES                            736                                       572 
       39  GENERAL FARM INSURANCE                           3,972                                     4,023 
       40  UTILITIES                                        3,699                                     4,814 
       41  CASH FARM RENT                                  16,379                                    11,386 
       42  HERBICIDE-INSECTICIDE                           13,910                                     8,229 
       43  CONSERVATION                                       373                                       287 
       44  AUTO EXPENSE                                     1,245                                       837 
       45     TOTAL OPERATING EXPENSE                $    173,111                              $    145,313 
      
       46  DEPRECIATION-MACHINERY                          19,408                                    18,086 
       47  DEPRECIATION-BUILDINGS                           1,880                                     1,447 
       48     TOTAL FARM EXPENSE                     $    194,398                              $    164,845 
      
       49     NET FARM INCOME                        $     44,980                              $     11,322 
      
       50  UNPAID FAMILY LABOR                              1,002 
       51  UNPAID OPERATOR LABOR                           24,287                                    22,781 
       52  MANAGEMENT CHARGE                               12,036                                     5,368 
       53  CURRENT ASSET CHARGE - 8%                       10,838                                       587 
       54  NONCURRENT ASSET CHARGE - 8%                    34,677                                    13,818 
       55  RETURN LABOR-MANAGEMENT                         -1,538                                    -3,083 
       56  RETURN TO CAPITAL                               24,548                                    -5,854 
       57  ASSET TURNOVER RATIO                             .2690                                     .4667 
       58  OPERATING PROFIT MARGIN RATIO                    .1025                                    -.0332 
       59  % RETURN ON ASSETS                               .0276                                    -.0155 
       60  % RETURN ON EQUITY                               .0135                                    -.0935 
       61  TOTAL EXPENSE RATIO                              .8121                                     .9357 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9680                                    1.0955 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1582                                    1.1773 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          262,075               286,855             109,563               112,690    
       65  NONCURRENT ASSETS                       601,609               629,013             268,586               264,092    
       66  CURRENT LIABILITIES                     133,668               144,305              93,721               113,864    
       67  NONCURRENT LIABILITIES                  177,942               185,744              93,903                93,336    
       68  CURRENT RATIO                              1.96                  1.99                1.17                   .99    
       69  DEBT TO ASSET RATIO                         .36                   .36                 .50                   .55    
      
       2005 DATA - NC KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                      SINGLE - PARTOWNER                           SINGLE - TENANT 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              62,136                                    42,184 
       71  MACHINERY AND EQUIPMENT                         58,949                                    50,402 
       72  MOTOR VEHICLES & LISTED PROPE                   94,332                                    77,096 
       73  BUILDINGS                                       17,550                                    12,799 
       74  OWNED LAND                                     428,554                                   119,875 
       75  TOTAL ASSETS                                   889,776                                   377,466 
       76  NET WORTH                                      568,947                                   180,054 
      
       LABOR
       77  NUMBER OF OPERATORS                                .89                                       .84 
       78  NUMBER OF WORKERS                                 1.20                                      1.23 
       79  TOTAL WORK DAYS                                    300                                       257 
       80  VALUE FARM PRODUCTION/WORKER                   198,385                                   142,357 
       81  NET FARM INCOME/WORKER                          37,277                                     9,149 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   989,161                                   447,367 
       83  VALUE OF FARM PRODUCTION                       266,116                                   208,790 
       84  NET FARM INCOME                                 50,004                                    13,418 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            2.30                                      2.03 
       86  % TILLABLE LAND                                  61.91                                     76.91 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.81                                     33.91 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1704   211    540   211   1164   211       1163    16                1163    16    
       89  NON-IRRIGATED CROP ACRES        1031   211    356   203    708   205        876    16                 876    16    
       90  IRRIGATED CROP ACRES             150    34     99    16    136    26     
       91  TOTAL CROP ACRES                1055   211    364   203    725   205        894    16                 894    16    
       92  PASTURE ACRES                    853   169    249   155    704   150        535     8                 535     8    
       93  FARMSTEAD ACRES                   45    61     27    55     49    25     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1055          1044                         894           933  
       95  CROP MACHINERY INVESTMENT          126,388        119.79        121.11        113,121        126.48        121.25  
       96  CROP MACHINERY COST                 57,945         54.92         55.53         55,896         62.50         59.91  
       97  GROSS CROP VALUE                   188,635        178.79        180.76        160,241        179.17        171.76  
       98  CROP PRODUCTION COSTS              140,054        132.12        133.57        126,774        141.75        135.89  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            87    147     80    80.3   124    84.2      4     85                   85    75.6  
      100  GRAIN SORGHUM                  180    223     98    84.2   169    81.1     13    231                  231    71.5  
      101  SOYBEANS                       150    203     99    33.8   151    33.6     11    214                  214    30.2  
      102  SUNFLOWERS                      21    112     59    13.4   123    14.4   
      103  WHEAT                          201    494    172    40.8   370    39.9     15    414                  414    36.0  
      104  OTHER CROPS                     21     48     38            46     
      105  ALFALFA                        142     73     44     3.6    64     3.4     10    155                  155     3.6  
      106  OTHER HAY & FORAGE             167    110     61            82             11     98                   98    
      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                            17    111     98   159.2    93   165.9   
      111  GRAIN SORGHUM                   13     64     45   118.4    76   121.8   
      112  SOYBEANS                        22     77     49    52.5    76    52.1   
      113  SUNFLOWERS   
      114  WHEAT                            4    139  
      115  OTHER CROPS  
      116  ALFALFA                          4     29  
      117  OTHER HAY & FORAGE               6     50                   37     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           44                                        25 
      122  DAIRY COWS                                           3                                         6 
      123  EWES                                                 2 
      124  SOWS                                                 2 
      125  BEEF PURCH. FOR RESALE SALES                       138 
      126  SWINE PURCH. FOR RESALE SALES                        4 
      127  TURKEYS