Northwest KFMA
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       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                             < 500,001                        500,001 - 750,000   
                                                         10 FARMS                                  12 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            12,334                                     7,607 
        2  DAIRY AND MILK                                     250 
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                  1,407 
        7  CUSTOM FEEDING     
        8  FEED PURCHASED                                  -2,500                                      -460 
        9     LIVESTOCK INCOME                       $     11,491                              $      7,147 
      
       10  CORN                                             1,041                                     9,312 
       11  GRAIN SORGHUM                                    4,166                                       865 
       12  SOYBEANS                                                                                   3,067 
       13  SUNFLOWERS                                         436                                     3,571 
       14  WHEAT                                           11,438                                    20,978 
       15  HAY AND FORAGE                                   1,436                                       817 
       16  OTHER CROP                                                                                   -54 
       17  GOVERNMENT PAYMENTS                             11,688                                    18,505 
       18  CROP INSURANCE PROCEEDS                          6,875                                       898 
       19  OTHER INCOME                                    14,997                                     5,554 
       20     VALUE OF FARM PRODUCTION               $     63,569                              $     70,660 
      
       21  HIRED LABOR                                      1,700                                       303 
       22  MACHINERY REPAIRS                                5,731                                     4,896 
       23  IRRIGATION REPAIRS                                   2                                        58 
       24  BUILDING REPAIRS                                   442                                       576 
       25  INTEREST PAID                                    2,339                                     4,772 
       26  SEED-OTHER CROP EXPENSE                          1,904                                     2,658 
       27  CROP INSURANCE                                   1,609                                     2,815 
       28  FERTILIZER-LIME                                  1,964                                     4,226 
       29  MACHINE HIRE                                     4,446                                     2,886 
       30  ORGANIZATION FEE, PUBLICATION                      633                                     2,060 
       31  VET-MED-DRUGS                                      534                                       387 
       32  CROP STORAGE-MARKETING                               8                                       -45 
       33  LIVESTOCK MARKETING-BREEDING                       451                                       101 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                     5,972                                     3,107 
       36  IRRIGATION ENERGY                                                                          1,651 
       37  REAL ESTATE TAXES                                1,262                                     2,162 
       38  PERSONAL PROPERTY TAXES  
       39  GENERAL FARM INSURANCE                             934                                     1,741 
       40  UTILITIES                                          874                                     1,017 
       41  CASH FARM RENT                                   3,640                                     2,586 
       42  HERBICIDE-INSECTICIDE                            3,027                                     3,114 
       43  CONSERVATION                                        10                                       888 
       44  AUTO EXPENSE                                     1,442                                       968 
       45     TOTAL OPERATING EXPENSE                $     38,923                              $     42,929 
      
       46  DEPRECIATION-MACHINERY                           3,836                                    10,748 
       47  DEPRECIATION-BUILDINGS                             501                                       786 
       48     TOTAL FARM EXPENSE                     $     43,261                              $     54,463 
      
       49     NET FARM INCOME                        $     20,309                              $     16,198 
      
       50  UNPAID FAMILY LABOR                              1,575                                       563 
       51  UNPAID OPERATOR LABOR                            8,910                                     9,675 
       52  MANAGEMENT CHARGE                                4,423                                     4,249 
       53  CURRENT ASSET CHARGE - 8%                        3,910                                     5,037 
       54  NONCURRENT ASSET CHARGE - 8%                    10,409                                    25,191 
       55  RETURN LABOR-MANAGEMENT                          4,414                                   -14,592 
       56  RETURN TO CAPITAL                                7,740                                     6,483 
       57  ASSET TURNOVER RATIO                             .2631                                     .1476 
       58  OPERATING PROFIT MARGIN RATIO                    .1218                                     .0918 
       59  % RETURN ON ASSETS                               .0320                                     .0135 
       60  % RETURN ON EQUITY                               .0302                                     .0045 
       61  TOTAL EXPENSE RATIO                              .6805                                     .7708 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9150                                     .9758 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1403                                    1.4036 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           51,022                76,742              73,901                96,545    
       65  NONCURRENT ASSETS                       177,497               177,970             386,324               400,497    
       66  CURRENT LIABILITIES                      11,394                18,617              14,684                29,836    
       67  NONCURRENT LIABILITIES                   46,419                48,813              81,509                75,546    
       68  CURRENT RATIO                              4.48                  4.12                5.03                  3.24    
       69  DEBT TO ASSET RATIO                         .25                   .26                 .21                   .21    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                             < 500,001                        500,001 - 750,000   
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              17,098                                    14,325 
       71  MACHINERY AND EQUIPMENT                         10,753                                    23,535 
       72  MOTOR VEHICLES & LISTED PROPE                   29,291                                    38,359 
       73  BUILDINGS                                        4,821                                     6,566 
       74  OWNED LAND                                     130,025                                   317,713 
       75  TOTAL ASSETS                                   241,616                                   478,634 
       76  NET WORTH                                      178,994                                   377,846 
      
       LABOR
       77  NUMBER OF OPERATORS                                .33                                       .35 
       78  NUMBER OF WORKERS                                  .48                                       .46 
       79  TOTAL WORK DAYS                                     61                                        69 
       80  VALUE FARM PRODUCTION/WORKER                   132,436                                   151,415 
       81  NET FARM INCOME/WORKER                          42,310                                    34,709 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   732,168                                 1,335,722 
       83  VALUE OF FARM PRODUCTION                       192,634                                   197,191 
       84  NET FARM INCOME                                 61,541                                    45,203 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                                                                      9.15 
       86  % TILLABLE LAND                                  48.01                                     57.67 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.40                                     37.69 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      976    10    404     6   1222     6        913    12    717    11    437     7    
       89  NON-IRRIGATED CROP ACRES         669     7    296     6                     478    12    328    11    304     7    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 669     7    296     6                     526    12    355    11    344     7    
       92  PASTURE ACRES                    626     8                 734     6        635     7    542     7     
       93  FARMSTEAD ACRES                                                              32     6     32     6     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           468           313                         526           400  
       95  CROP MACHINERY INVESTMENT           34,459         73.58        110.18         58,289        110.75        145.64  
       96  CROP MACHINERY COST                 12,284         26.23         39.28         20,525         39.00         51.28  
       97  GROSS CROP VALUE                    44,445         75.93        113.69         70,927        134.76        177.22  
       98  CROP PRODUCTION COSTS               32,031         54.72         81.94         44,441         84.43        111.04  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                                                                        5    127     98    70.2    
      100  GRAIN SORGHUM                    4    156  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                            7    306    104    42.1                   11    274    150    40.1   217    35.5  
      104  OTHER CROPS  
      105  ALFALFA
      106  OTHER HAY & FORAGE 
      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                                           13                                         9 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                                                                   5 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                     750,001 - 1,000,000                    1,000,001 - 1,375,000 
                                                         10 FARMS                                  23 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            23,131                                    39,596 
        2  DAIRY AND MILK     
        3  SHEEP                                              219                                       294 
        4  SWINE  
        5  POULTRY AND EGGS                                     7                                    11,269 
        6  OTHER LIVESTOCK                                     -3                                    -2,175 
        7  CUSTOM FEEDING                                   6,626                                       968 
        8  FEED PURCHASED                                  -9,604                                    -7,599 
        9     LIVESTOCK INCOME                       $     20,376                              $     42,352 
      
       10  CORN                                            10,133                                    33,964 
       11  GRAIN SORGHUM                                    5,847                                     9,242 
       12  SOYBEANS                                         1,978                                     3,052 
       13  SUNFLOWERS                                                                                   290 
       14  WHEAT                                           26,724                                    28,977 
       15  HAY AND FORAGE                                  -2,811                                     3,266 
       16  OTHER CROP                                         410                                     2,309 
       17  GOVERNMENT PAYMENTS                             28,035                                    32,015 
       18  CROP INSURANCE PROCEEDS                          4,857                                     8,472 
       19  OTHER INCOME                                    10,668                                     9,947 
       20     VALUE OF FARM PRODUCTION               $    106,218                              $    173,886 
      
       21  HIRED LABOR                                        229                                     2,005 
       22  MACHINERY REPAIRS                                9,029                                    13,392 
       23  IRRIGATION REPAIRS                                 326                                       378 
       24  BUILDING REPAIRS                                   529                                     1,185 
       25  INTEREST PAID                                   10,307                                    17,248 
       26  SEED-OTHER CROP EXPENSE                          5,261                                     6,387 
       27  CROP INSURANCE                                   3,636                                     5,418 
       28  FERTILIZER-LIME                                  4,635                                    11,740 
       29  MACHINE HIRE                                    13,245                                     5,856 
       30  ORGANIZATION FEE, PUBLICATION                    2,441                                     3,168 
       31  VET-MED-DRUGS                                    1,563                                     1,623 
       32  CROP STORAGE-MARKETING                             208                                       398 
       33  LIVESTOCK MARKETING-BREEDING                       974                                     1,586 
       34  DAIRY EXPENSE                                    3,475 
       35  GAS-FUEL-OIL                                     8,969                                    12,104 
       36  IRRIGATION ENERGY                                   22                                     4,700 
       37  REAL ESTATE TAXES                                2,360                                     3,410 
       38  PERSONAL PROPERTY TAXES                            194                                       111 
       39  GENERAL FARM INSURANCE                           2,721                                     3,440 
       40  UTILITIES                                        1,536                                     2,734 
       41  CASH FARM RENT                                   3,481                                    10,629 
       42  HERBICIDE-INSECTICIDE                            6,613                                    11,027 
       43  CONSERVATION                                         4                                       277 
       44  AUTO EXPENSE                                     1,670                                     1,301 
       45     TOTAL OPERATING EXPENSE                $     83,429                              $    120,118 
      
       46  DEPRECIATION-MACHINERY                           8,869                                    12,062 
       47  DEPRECIATION-BUILDINGS                             502                                     1,301 
       48     TOTAL FARM EXPENSE                     $     92,800                              $    133,482 
      
       49     NET FARM INCOME                        $     13,418                              $     40,405 
      
       50  UNPAID FAMILY LABOR                                675                                     2,837 
       51  UNPAID OPERATOR LABOR                           18,090                                    17,374 
       52  MANAGEMENT CHARGE                                4,469                                     9,544 
       53  CURRENT ASSET CHARGE - 8%                        3,509                                     4,365 
       54  NONCURRENT ASSET CHARGE - 8%                    15,113                                    28,026 
       55  RETURN LABOR-MANAGEMENT                         -5,878                                     5,176 
       56  RETURN TO CAPITAL                                  491                                    27,897 
       57  ASSET TURNOVER RATIO                             .2945                                     .2803 
       58  OPERATING PROFIT MARGIN RATIO                    .0046                                     .1604 
       59  % RETURN ON ASSETS                               .0014                                     .0450 
       60  % RETURN ON EQUITY                              -.0422                                     .0263 
       61  TOTAL EXPENSE RATIO                              .8737                                     .7676 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0924                                     .9388 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2677                                    1.1250 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           77,341                92,009             102,933               144,263    
       65  NONCURRENT ASSETS                       280,249               271,840             493,050               500,540    
       66  CURRENT LIABILITIES                      48,419                33,217              67,734                70,327    
       67  NONCURRENT LIABILITIES                   85,435                88,831             143,245               149,698    
       68  CURRENT RATIO                              1.60                  2.77                1.52                  2.05    
       69  DEBT TO ASSET RATIO                         .37                   .34                 .35                   .34    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                     750,001 - 1,000,000                    1,000,001 - 1,375,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              14,974                                    38,926 
       71  MACHINERY AND EQUIPMENT                         30,062                                    43,290 
       72  MOTOR VEHICLES & LISTED PROPE                   45,628                                    54,089 
       73  BUILDINGS                                        5,920                                    12,267 
       74  OWNED LAND                                     192,192                                   380,692 
       75  TOTAL ASSETS                                   360,720                                   620,393 
       76  NET WORTH                                      232,769                                   404,891 
      
       LABOR
       77  NUMBER OF OPERATORS                                .67                                       .64 
       78  NUMBER OF WORKERS                                  .73                                       .85 
       79  TOTAL WORK DAYS                                    106                                       150 
       80  VALUE FARM PRODUCTION/WORKER                   145,505                                   204,050 
       81  NET FARM INCOME/WORKER                          18,381                                    47,414 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   538,387                                   964,125 
       83  VALUE OF FARM PRODUCTION                       158,535                                   270,229 
       84  NET FARM INCOME                                 20,027                                    62,791 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            4.07                                     10.64 
       86  % TILLABLE LAND                                  71.56                                     58.86 
       87  CROP MACH COST/TOT EXPENSE(%)                    42.80                                     26.19 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1151    10    438     7    844    10       1819    23    729    22   1291    20    
       89  NON-IRRIGATED CROP ACRES         790    10    227     6    653    10       1000    22    394    21    808    17    
       90  IRRIGATED CROP ACRES                                                        291     9    273     7     
       91  TOTAL CROP ACRES                 823    10    262     6    666    10       1119    22    485    21    850    17    
       92  PASTURE ACRES                    533     6                 356     5        947    18    356    16    873    13    
       93  FARMSTEAD ACRES                                                              30     6     26     6     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           823           558                        1071           680  
       95  CROP MACHINERY INVESTMENT           66,163         80.35        118.52         84,483         78.90        124.17  
       96  CROP MACHINERY COST                 39,719         48.24         71.15         34,953         32.64         51.37  
       97  GROSS CROP VALUE                    84,899        103.11        152.08        136,335        121.79        191.67  
       98  CROP PRODUCTION COSTS               67,271         81.70        120.50         86,545         80.83        127.20  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                                                                       11    162     86    41.5   149    51.2  
      100  GRAIN SORGHUM                    4    218                                   7    177     70    75.0   192    70.2  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           10    358     79    27.2   311    33.3     22    389    143    28.9   335    34.9  
      104  OTHER CROPS  
      105  ALFALFA                                                                     4     52     48     4.4    
      106  OTHER HAY & FORAGE               5     29                                   8    153     55           140    
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                                                                        5    228    165   165.2    
      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                                            5                                        13 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        23                                         3 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   1,375,001 - 1,750,000                    1,750,001 - 2,125,000 
                                                         27 FARMS                                  19 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            30,586                                    16,996 
        2  DAIRY AND MILK                                  10,217 
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS                                   624                                        29 
        6  OTHER LIVESTOCK                                  1,198                                       528 
        7  CUSTOM FEEDING                                      59                                       675 
        8  FEED PURCHASED                                  -6,014                                    -2,928 
        9     LIVESTOCK INCOME                       $     36,670                              $     15,299 
      
       10  CORN                                            29,537                                    70,855 
       11  GRAIN SORGHUM                                   10,182                                     9,787 
       12  SOYBEANS                                         5,001                                    12,105 
       13  SUNFLOWERS                                       3,370                                    11,848 
       14  WHEAT                                           57,485                                    55,316 
       15  HAY AND FORAGE                                   6,161                                     8,432 
       16  OTHER CROP                                        -233                                     1,937 
       17  GOVERNMENT PAYMENTS                             49,005                                    75,381 
       18  CROP INSURANCE PROCEEDS                         10,176                                    21,546 
       19  OTHER INCOME                                    13,346                                    15,941 
       20     VALUE OF FARM PRODUCTION               $    220,700                              $    298,448 
      
       21  HIRED LABOR                                      4,262                                     9,406 
       22  MACHINERY REPAIRS                               15,582                                    20,291 
       23  IRRIGATION REPAIRS                                 987                                     2,330 
       24  BUILDING REPAIRS                                   589                                       890 
       25  INTEREST PAID                                   12,194                                    18,610 
       26  SEED-OTHER CROP EXPENSE                          9,846                                    19,544 
       27  CROP INSURANCE                                   6,565                                     9,891 
       28  FERTILIZER-LIME                                 16,504                                    29,564 
       29  MACHINE HIRE                                    12,813                                    12,428 
       30  ORGANIZATION FEE, PUBLICATION                    3,198                                     3,202 
       31  VET-MED-DRUGS                                    1,627                                       564 
       32  CROP STORAGE-MARKETING                             374                                     1,358 
       33  LIVESTOCK MARKETING-BREEDING                     1,435                                       802 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    12,772                                    13,946 
       36  IRRIGATION ENERGY                                8,509                                    24,293 
       37  REAL ESTATE TAXES                                4,192                                     4,500 
       38  PERSONAL PROPERTY TAXES                            145                                       285 
       39  GENERAL FARM INSURANCE                           4,660                                     5,114 
       40  UTILITIES                                        2,588                                     2,082 
       41  CASH FARM RENT                                  11,675                                    24,776 
       42  HERBICIDE-INSECTICIDE                           13,277                                    21,068 
       43  CONSERVATION                                       133                                       542 
       44  AUTO EXPENSE                                     1,926                                       927 
       45     TOTAL OPERATING EXPENSE                $    145,852                              $    226,412 
      
       46  DEPRECIATION-MACHINERY                          16,558                                    22,022 
       47  DEPRECIATION-BUILDINGS                             658                                     2,372 
       48     TOTAL FARM EXPENSE                     $    163,068                              $    250,806 
      
       49     NET FARM INCOME                        $     57,632                              $     47,642 
      
       50  UNPAID FAMILY LABOR                              2,417                                     1,776 
       51  UNPAID OPERATOR LABOR                           18,400                                    16,200 
       52  MANAGEMENT CHARGE                               13,237                                    12,206 
       53  CURRENT ASSET CHARGE - 8%                        9,997                                     9,618 
       54  NONCURRENT ASSET CHARGE - 8%                    41,529                                    40,417 
       55  RETURN LABOR-MANAGEMENT                          3,689                                    -4,170 
       56  RETURN TO CAPITAL                               35,772                                    36,070 
       57  ASSET TURNOVER RATIO                             .2593                                     .3364 
       58  OPERATING PROFIT MARGIN RATIO                    .1621                                     .1209 
       59  % RETURN ON ASSETS                               .0420                                     .0407 
       60  % RETURN ON EQUITY                               .0366                                     .0279 
       61  TOTAL EXPENSE RATIO                              .7389                                     .8404 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8932                                     .9415 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1266                                    1.1092 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          183,943               227,717             172,993               201,760    
       65  NONCURRENT ASSETS                       643,795               646,771             695,873               703,592    
       66  CURRENT LIABILITIES                      78,093                83,644              59,586                74,722    
       67  NONCURRENT LIABILITIES                  129,676               122,653             186,902               202,125    
       68  CURRENT RATIO                              2.36                  2.72                2.90                  2.70    
       69  DEBT TO ASSET RATIO                         .25                   .24                 .28                   .31    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   1,375,001 - 1,750,000                    1,750,001 - 2,125,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              43,018                                    19,033 
       71  MACHINERY AND EQUIPMENT                         59,766                                    79,618 
       72  MOTOR VEHICLES & LISTED PROPE                   81,674                                    93,697 
       73  BUILDINGS                                       11,579                                    20,555 
       74  OWNED LAND                                     476,965                                   482,722 
       75  TOTAL ASSETS                                   851,113                                   887,108 
       76  NET WORTH                                      644,079                                   625,441 
      
       LABOR
       77  NUMBER OF OPERATORS                                .68                                       .60 
       78  NUMBER OF WORKERS                                  .91                                       .95 
       79  TOTAL WORK DAYS                                    224                                       264 
       80  VALUE FARM PRODUCTION/WORKER                   240,278                                   311,567 
       81  NET FARM INCOME/WORKER                          62,744                                    49,736 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,248,915                                 1,478,514 
       83  VALUE OF FARM PRODUCTION                       323,853                                   497,414 
       84  NET FARM INCOME                                 84,568                                    79,403 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           13.82                                     22.73 
       86  % TILLABLE LAND                                  61.83                                     77.55 
       87  CROP MACH COST/TOT EXPENSE(%)                    36.46                                     29.29 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2204    27    956    25   1484    24       2322    19    940    16   1615    18    
       89  NON-IRRIGATED CROP ACRES        1175    27    510    25    825    23       1391    19    534    15   1024    18    
       90  IRRIGATED CROP ACRES             391    13    269    10    299     8        432    18    229    12    387    13    
       91  TOTAL CROP ACRES                1363    27    618    25    929    23       1801    19    717    15   1303    18    
       92  PASTURE ACRES                   1058    21    475    17    883    16       1196     8    510     8   1098     5    
       93  FARMSTEAD ACRES                   36    14     27    14                      42     8     34     6     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1363          1006                        1801          1401  
       95  CROP MACHINERY INVESTMENT          125,279         91.91        124.48        168,883         93.78        120.53  
       96  CROP MACHINERY COST                 59,448         43.61         59.07         73,461         40.79         52.43  
       97  GROSS CROP VALUE                   203,847        149.55        202.55        315,250        175.05        224.99  
       98  CROP PRODUCTION COSTS              131,436         96.43        130.60        207,550        115.25        148.13  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            11    289    130    44.9   268    49.9     10    220    209    30.8   165    29.9  
      100  GRAIN SORGHUM                   10    252    140    70.6   210    68.8     11    214    107    51.3   165    62.0  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           27    563    311    33.1   381    35.5     19    694    305    32.3   512    32.9  
      104  OTHER CROPS  
      105  ALFALFA                          6     64     22     3.6    69     3.8   
      106  OTHER HAY & FORAGE              10     78     66            53              5    113                   82    
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                            11    242    192   189.9   187   192.1     15    258    175   180.3   246   198.3  
      111  GRAIN SORGHUM
      112  SOYBEANS                         5    118                                   5    144 
      113  SUNFLOWERS                       4    141                                   7    140    103    17.5   113    21.6  
      114  WHEAT                            4    105                                  10    169    108    49.3   140    40.0  
      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                                           10                                        15 
      122  DAIRY COWS                                           3 
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                         2                                         7 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   2,125,001 - 2,500,000                              > 2,500,001 
                                                         15 FARMS                                  68 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            53,104                                   139,723 
        2  DAIRY AND MILK                                                                               -18 
        3  SHEEP                                                                                         -5 
        4  SWINE                                                                                         51 
        5  POULTRY AND EGGS                                   -24 
        6  OTHER LIVESTOCK                                   -184                                      -927 
        7  CUSTOM FEEDING                                     409                                     4,277 
        8  FEED PURCHASED                                 -11,483                                   -44,722 
        9     LIVESTOCK INCOME                       $     41,822                              $     98,380 
      
       10  CORN                                            75,510                                   142,105 
       11  GRAIN SORGHUM                                   18,024                                    16,821 
       12  SOYBEANS                                        12,475                                    10,489 
       13  SUNFLOWERS                                      22,765                                    27,354 
       14  WHEAT                                           67,905                                   121,340 
       15  HAY AND FORAGE                                    -612                                    10,663 
       16  OTHER CROP                                       3,346                                     5,290 
       17  GOVERNMENT PAYMENTS                             89,078                                   141,065 
       18  CROP INSURANCE PROCEEDS                         22,578                                    28,538 
       19  OTHER INCOME                                    11,861                                    33,320 
       20     VALUE OF FARM PRODUCTION               $    364,749                              $    635,364 
      
       21  HIRED LABOR                                      8,855                                    27,228 
       22  MACHINERY REPAIRS                               21,892                                    36,819 
       23  IRRIGATION REPAIRS                               2,396                                     5,442 
       24  BUILDING REPAIRS                                 3,621                                     1,959 
       25  INTEREST PAID                                   29,272                                    39,852 
       26  SEED-OTHER CROP EXPENSE                         25,587                                    42,034 
       27  CROP INSURANCE                                  14,330                                    21,272 
       28  FERTILIZER-LIME                                 37,086                                    60,777 
       29  MACHINE HIRE                                    18,185                                    36,541 
       30  ORGANIZATION FEE, PUBLICATION                    3,388                                     5,025 
       31  VET-MED-DRUGS                                    1,878                                     4,104 
       32  CROP STORAGE-MARKETING                           1,341                                     4,660 
       33  LIVESTOCK MARKETING-BREEDING                     1,081                                     3,905 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    22,384                                    34,326 
       36  IRRIGATION ENERGY                               30,343                                    37,462 
       37  REAL ESTATE TAXES                                4,588                                     7,891 
       38  PERSONAL PROPERTY TAXES                            155                                       561 
       39  GENERAL FARM INSURANCE                           6,515                                     9,853 
       40  UTILITIES                                        3,081                                     5,311 
       41  CASH FARM RENT                                  18,724                                    40,755 
       42  HERBICIDE-INSECTICIDE                           31,389                                    43,062 
       43  CONSERVATION                                       519                                       336 
       44  AUTO EXPENSE                                     1,823                                     1,922 
       45     TOTAL OPERATING EXPENSE                $    288,429                              $    471,098 
      
       46  DEPRECIATION-MACHINERY                          22,918                                    47,536 
       47  DEPRECIATION-BUILDINGS                           1,338                                     4,565 
       48     TOTAL FARM EXPENSE                     $    312,685                              $    523,199 
      
       49     NET FARM INCOME                        $     52,064                              $    112,165 
      
       50  UNPAID FAMILY LABOR                              7,050                                     3,739 
       51  UNPAID OPERATOR LABOR                           21,240                                    24,935 
       52  MANAGEMENT CHARGE                               14,143                                    27,789 
       53  CURRENT ASSET CHARGE - 8%                        9,048                                    25,075 
       54  NONCURRENT ASSET CHARGE - 8%                    41,828                                    72,002 
       55  RETURN LABOR-MANAGEMENT                         -5,862                                    11,349 
       56  RETURN TO CAPITAL                               38,904                                    95,553 
       57  ASSET TURNOVER RATIO                             .3314                                     .3461 
       58  OPERATING PROFIT MARGIN RATIO                    .1067                                     .1504 
       59  % RETURN ON ASSETS                               .0353                                     .0520 
       60  % RETURN ON EQUITY                               .0151                                     .0459 
       61  TOTAL EXPENSE RATIO                              .8573                                     .8235 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9736                                     .9123 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1131                                    1.0651 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          237,304               284,378             563,558               594,336    
       65  NONCURRENT ASSETS                       832,314               847,248           1,222,338             1,291,832    
       66  CURRENT LIABILITIES                     130,546               164,931             268,695               262,333    
       67  NONCURRENT LIABILITIES                  322,465               311,388             344,046               370,074    
       68  CURRENT RATIO                              1.82                  1.72                2.10                  2.27    
       69  DEBT TO ASSET RATIO                         .42                   .42                 .34                   .34    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   2,125,001 - 2,500,000                              > 2,500,001 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              46,483                                    78,017 
       71  MACHINERY AND EQUIPMENT                        102,642                                   161,578 
       72  MOTOR VEHICLES & LISTED PROPE                  100,374                                   180,952 
       73  BUILDINGS                                       14,824                                    44,757 
       74  OWNED LAND                                     609,717                                   819,450 
       75  TOTAL ASSETS                                 1,100,622                                 1,836,032 
       76  NET WORTH                                      635,957                                 1,213,458 
      
       LABOR
       77  NUMBER OF OPERATORS                                .78                                       .92 
       78  NUMBER OF WORKERS                                 1.39                                      2.01 
       79  TOTAL WORK DAYS                                    370                                       536 
       80  VALUE FARM PRODUCTION/WORKER                   261,782                                   314,903 
       81  NET FARM INCOME/WORKER                          37,367                                    55,592 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,399,096                                 1,988,060 
       83  VALUE OF FARM PRODUCTION                       463,665                                   687,973 
       84  NET FARM INCOME                                 66,184                                   121,452 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           24.68                                     19.00 
       86  % TILLABLE LAND                                  79.08                                     72.10 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.20                                     28.96 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2820    15   1196    13   1910    14       4475    68   1698    59   3047    67    
       89  NON-IRRIGATED CROP ACRES        1680    15    668    13   1269    13       2761    68   1006    59   1974    65    
       90  IRRIGATED CROP ACRES             688    12    295     9    700     8        817    51    369    32    650    46    
       91  TOTAL CROP ACRES                2230    15    873    13   1579    14       3227    68   1206    59   2246    66    
       92  PASTURE ACRES                    957     9    514     8    644     7       2221    42    831    34   1858    35    
       93  FARMSTEAD ACRES                   38     6                                   60    27     32    23     88    10    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2230          1915                        3227          2644  
       95  CROP MACHINERY INVESTMENT          189,375         84.92         98.91        313,772         97.25        118.69  
       96  CROP MACHINERY COST                 88,177         39.54         46.05        151,543         46.97         57.33  
       97  GROSS CROP VALUE                   400,073        179.41        208.95        575,768        178.45        217.80  
       98  CROP PRODUCTION COSTS              254,133        113.96        132.73        414,894        128.59        156.95  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            10    250    102    23.0   357    45.6     41    617    348    50.4   449    55.9  
      100  GRAIN SORGHUM                    7    205    245    64.4    91    48.0     28    423    367    56.2   271    65.0  
      101  SOYBEANS                                                                    4    182                  182    23.5  
      102  SUNFLOWERS                                                                 12    565    551    12.0   381    11.6  
      103  WHEAT                           15    752    287    29.9   580    28.5     67   1283    483    32.2   928    32.4  
      104  OTHER CROPS                                                                 6    244                  210    
      105  ALFALFA                                                                    14    107     82     3.7   103     9.9  
      106  OTHER HAY & FORAGE               4    896                  604             26    127     78            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                            11    383    160   158.2   387   196.4     41    561    245   192.5   464   192.2  
      111  GRAIN SORGHUM                                                               5    105                   67    93.3  
      112  SOYBEANS                         5    164                                  16    176    111    55.7   179    60.7  
      113  SUNFLOWERS                       8    174    160    19.9   150    18.3     19    241    176    19.0   197    20.8  
      114  WHEAT                            7    206    111    40.4   166    45.7     33    215    162    42.7   201    44.2  
      115  OTHER CROPS                                                                 8    190     91           192    
      116  ALFALFA                                                                     8    131     88     5.5   116     4.7  
      117  OTHER HAY & FORAGE               4    216    216                           17    134    157            69    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           21                                        50 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                                                                 138 
      126  SWINE PURCH. FOR RESALE SALES                                                                  1 
      127  TURKEYS