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2005 DATA - NW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY FARM TYPE CROP FARM CROP FARM IRRIGATED
114 FARMS 35 FARMS
ITEM PER FARM PER FARM
1 BEEF 45,835 37,749
2 DAIRY AND MILK -11
3 SHEEP 16 193
4 SWINE 31
5 POULTRY AND EGGS 5 481
6 OTHER LIVESTOCK 358 587
7 CUSTOM FEEDING 913 1,120
8 FEED PURCHASED -14,651 -18,745
9 LIVESTOCK INCOME $ 32,497 $ 21,385
10 CORN 44,718 234,374
11 GRAIN SORGHUM 12,531 13,963
12 SOYBEANS 6,021 19,196
13 SUNFLOWERS 15,737 21,132
14 WHEAT 83,561 60,872
15 HAY AND FORAGE 4,893 9,698
16 OTHER CROP 766 11,568
17 GOVERNMENT PAYMENTS 78,695 124,544
18 CROP INSURANCE PROCEEDS 20,213 20,034
19 OTHER INCOME 20,712 20,991
20 VALUE OF FARM PRODUCTION $ 320,344 $ 557,757
21 HIRED LABOR 11,423 16,372
22 MACHINERY REPAIRS 21,686 26,772
23 IRRIGATION REPAIRS 1,408 8,427
24 BUILDING REPAIRS 1,411 1,525
25 INTEREST PAID 20,054 35,923
26 SEED-OTHER CROP EXPENSE 17,814 48,368
27 CROP INSURANCE 12,218 19,402
28 FERTILIZER-LIME 30,294 55,033
29 MACHINE HIRE 21,285 21,405
30 ORGANIZATION FEE, PUBLICATION 3,711 3,853
31 VET-MED-DRUGS 1,524 1,492
32 CROP STORAGE-MARKETING 1,350 5,219
33 LIVESTOCK MARKETING-BREEDING 1,575 1,245
34 DAIRY EXPENSE 993
35 GAS-FUEL-OIL 18,101 28,055
36 IRRIGATION ENERGY 10,354 66,931
37 REAL ESTATE TAXES 5,648 4,568
38 PERSONAL PROPERTY TAXES 285 438
39 GENERAL FARM INSURANCE 5,388 8,123
40 UTILITIES 3,137 3,512
41 CASH FARM RENT 15,907 41,080
42 HERBICIDE-INSECTICIDE 23,884 38,953
43 CONSERVATION 365 48
44 AUTO EXPENSE 1,513 2,011
45 TOTAL OPERATING EXPENSE $ 230,335 $ 439,747
46 DEPRECIATION-MACHINERY 23,794 43,928
47 DEPRECIATION-BUILDINGS 2,460 2,352
48 TOTAL FARM EXPENSE $ 256,588 $ 486,027
49 NET FARM INCOME $ 63,756 $ 71,729
50 UNPAID FAMILY LABOR 2,625 3,086
51 UNPAID OPERATOR LABOR 18,450 20,134
52 MANAGEMENT CHARGE 15,533 18,710
53 CURRENT ASSET CHARGE - 8% 10,207 15,300
54 NONCURRENT ASSET CHARGE - 8% 50,904 50,278
55 RETURN LABOR-MANAGEMENT 20 3,066
56 RETURN TO CAPITAL 47,202 65,722
57 ASSET TURNOVER RATIO .2979 .4049
58 OPERATING PROFIT MARGIN RATIO .1473 .1178
59 % RETURN ON ASSETS .0439 .0477
60 % RETURN ON EQUITY .0355 .0364
61 TOTAL EXPENSE RATIO .8010 .8714
62 ADJUSTED TOTAL EXPENSE RATIO .9153 .9466
63 ECONOMIC TOTAL EXPENSE RATIO 1.1060 1.0641
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 219,374 247,835 409,792 446,822
65 NONCURRENT ASSETS 831,729 851,573 925,550 973,066
66 CURRENT LIABILITIES 105,068 106,972 226,280 247,835
67 NONCURRENT LIABILITIES 201,979 208,719 318,843 322,831
68 CURRENT RATIO 2.09 2.32 1.81 1.80
69 DEBT TO ASSET RATIO .29 .29 .41 .40
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2005 DATA - NW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY FARM TYPE CROP FARM CROP FARM IRRIGATED
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 34,966 10,001
71 MACHINERY AND EQUIPMENT 83,255 154,670
72 MOTOR VEHICLES & LISTED PROPE 104,227 147,815
73 BUILDINGS 24,964 23,675
74 OWNED LAND 609,087 562,743
75 TOTAL ASSETS 1,075,255 1,377,615
76 NET WORTH 763,886 819,720
LABOR
77 NUMBER OF OPERATORS .68 .74
78 NUMBER OF WORKERS 1.20 1.36
79 TOTAL WORK DAYS 296 409
80 VALUE FARM PRODUCTION/WORKER 266,564 408,399
81 NET FARM INCOME/WORKER 53,052 52,521
PER OPERATOR BASIS
82 TOTAL ASSETS 1,573,544 1,847,376
83 VALUE OF FARM PRODUCTION 468,796 747,949
84 NET FARM INCOME 93,301 96,189
OTHER FACTORS
85 % CROP ACRES IRRIGATED 9.62 57.50
86 % TILLABLE LAND 75.89 91.37
87 CROP MACH COST/TOT EXPENSE(%) 32.46 27.75
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2988 114 1311 101 2062 101 1996 35 804 29 1502 31
89 NON-IRRIGATED CROP ACRES 2050 114 837 100 1515 99 1061 35 366 29 883 30
90 IRRIGATED CROP ACRES 414 60 239 41 368 41 1049 35 418 26 833 31
91 TOTAL CROP ACRES 2268 114 935 100 1667 99 1824 35 741 29 1366 31
92 PASTURE ACRES 1221 74 573 66 1072 49 461 12 292 5 509 8
93 FARMSTEAD ACRES 45 40 30 37 69 10 30 17 27 13 26 6
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2268 1720 1824 1768
95 CROP MACHINERY INVESTMENT 174,785 77.08 101.62 290,904 159.49 164.55
96 CROP MACHINERY COST 83,299 36.73 48.43 134,857 73.94 76.28
97 GROSS CROP VALUE 295,129 130.14 171.59 619,892 339.86 350.63
98 CROP PRODUCTION COSTS 209,920 92.57 122.05 409,071 224.27 231.38
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 63 456 258 49.9 358 50.5 20 217 143 28.9 198 44.8
100 GRAIN SORGHUM 46 330 283 65.8 213 60.9 9 208 82 72.8 182 76.0
101 SOYBEANS 5 206 206 23.0
102 SUNFLOWERS 19 402 388 12.1 279 12.8
103 WHEAT 113 956 391 34.0 719 33.6 35 513 185 27.4 432 30.8
104 OTHER CROPS 6 196 77
105 ALFALFA 15 84 51 3.3 109 3.7
106 OTHER HAY & FORAGE 37 180 118 136
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 45 239 147 172.5 226 193.2 34 656 273 195.5 562 200.1
111 GRAIN SORGHUM 6 99 71 113.4
112 SOYBEANS 21 143 112 49.2 144 57.4 15 166 107 63.8 178 57.0
113 SUNFLOWERS 19 220 152 19.2 190 18.5 20 178 136 19.6 146 21.6
114 WHEAT 29 167 144 43.0 149 45.3 22 253 145 40.7 221 37.9
115 OTHER CROPS 7 100 66 91 9 198 173
116 ALFALFA 5 76 5 165 91 5.3 116 4.9
117 OTHER HAY & FORAGE 13 150 144 5 112
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 15 5
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 41 82
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - NW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY FARM TYPE CROP - COW HERD
22 FARMS
ITEM PER FARM PER FARM
1 BEEF 150,525
2 DAIRY AND MILK
3 SHEEP
4 SWINE
5 POULTRY AND EGGS -16
6 OTHER LIVESTOCK -56
7 CUSTOM FEEDING 4,192
8 FEED PURCHASED -23,826
9 LIVESTOCK INCOME $ 130,819
10 CORN 13,875
11 GRAIN SORGHUM 12,787
12 SOYBEANS 1,529
13 SUNFLOWERS 1,724
14 WHEAT 50,974
15 HAY AND FORAGE 148
16 OTHER CROP 218
17 GOVERNMENT PAYMENTS 46,284
18 CROP INSURANCE PROCEEDS 7,087
19 OTHER INCOME 9,371
20 VALUE OF FARM PRODUCTION $ 274,815
21 HIRED LABOR 11,650
22 MACHINERY REPAIRS 20,544
23 IRRIGATION REPAIRS 155
24 BUILDING REPAIRS 1,310
25 INTEREST PAID 22,012
26 SEED-OTHER CROP EXPENSE 10,566
27 CROP INSURANCE 4,300
28 FERTILIZER-LIME 21,062
29 MACHINE HIRE 10,207
30 ORGANIZATION FEE, PUBLICATION 3,197
31 VET-MED-DRUGS 4,147
32 CROP STORAGE-MARKETING 2,087
33 LIVESTOCK MARKETING-BREEDING 4,208
34 DAIRY EXPENSE
35 GAS-FUEL-OIL 16,931
36 IRRIGATION ENERGY 2,809
37 REAL ESTATE TAXES 4,401
38 PERSONAL PROPERTY TAXES 153
39 GENERAL FARM INSURANCE 6,772
40 UTILITIES 2,677
41 CASH FARM RENT 24,815
42 HERBICIDE-INSECTICIDE 12,931
43 CONSERVATION 810
44 AUTO EXPENSE 1,731
45 TOTAL OPERATING EXPENSE $ 189,474
46 DEPRECIATION-MACHINERY 19,281
47 DEPRECIATION-BUILDINGS 2,786
48 TOTAL FARM EXPENSE $ 211,540
49 NET FARM INCOME $ 63,275
50 UNPAID FAMILY LABOR 3,375
51 UNPAID OPERATOR LABOR 22,459
52 MANAGEMENT CHARGE 15,895
53 CURRENT ASSET CHARGE - 8% 21,402
54 NONCURRENT ASSET CHARGE - 8% 33,462
55 RETURN LABOR-MANAGEMENT 5,036
56 RETURN TO CAPITAL 43,558
57 ASSET TURNOVER RATIO .2735
58 OPERATING PROFIT MARGIN RATIO .1585
59 % RETURN ON ASSETS .0434
60 % RETURN ON EQUITY .0314
61 TOTAL EXPENSE RATIO .7698
62 ADJUSTED TOTAL EXPENSE RATIO .9216
63 ECONOMIC TOTAL EXPENSE RATIO 1.1212
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 346,456 364,335
65 NONCURRENT ASSETS 625,856 672,610
66 CURRENT LIABILITIES 87,531 88,216
67 NONCURRENT LIABILITIES 216,354 245,562
68 CURRENT RATIO 3.96 4.13
69 DEBT TO ASSET RATIO .31 .32
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2005 DATA - NW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY FARM TYPE CROP - COW HERD
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 151,255
71 MACHINERY AND EQUIPMENT 66,839
72 MOTOR VEHICLES & LISTED PROPE 80,805
73 BUILDINGS 26,295
74 OWNED LAND 463,516
75 TOTAL ASSETS 1,004,628
76 NET WORTH 685,796
LABOR
77 NUMBER OF OPERATORS .83
78 NUMBER OF WORKERS 1.45
79 TOTAL WORK DAYS 302
80 VALUE FARM PRODUCTION/WORKER 188,347
81 NET FARM INCOME/WORKER 43,366
PER OPERATOR BASIS
82 TOTAL ASSETS 1,207,750
83 VALUE OF FARM PRODUCTION 330,379
84 NET FARM INCOME 76,068
OTHER FACTORS
85 % CROP ACRES IRRIGATED 4.95
86 % TILLABLE LAND 40.87
87 CROP MACH COST/TOT EXPENSE(%) 27.34
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3575 22 998 21 2748 21
89 NON-IRRIGATED CROP ACRES 1389 22 350 20 1239 19
90 IRRIGATED CROP ACRES 265 6
91 TOTAL CROP ACRES 1461 22 393 20 1278 19
92 PASTURE ACRES 2076 22 635 20 1570 21
93 FARMSTEAD ACRES 85 10 57 7
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1461 1095
95 CROP MACHINERY INVESTMENT 114,067 78.07 104.17
96 CROP MACHINERY COST 57,830 39.58 52.81
97 GROSS CROP VALUE 160,191 109.64 146.29
98 CROP PRODUCTION COSTS 132,315 90.56 120.84
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 7 426 68 47.1 661 56.3
100 GRAIN SORGHUM 17 223 104 57.1 236 63.4
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 22 563 170 31.5 549 33.2
104 OTHER CROPS 5 37
105 ALFALFA 10 84 67 4.5 46 4.5
106 OTHER HAY & FORAGE 16 141 58 150
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN
111 GRAIN SORGHUM
112 SOYBEANS
113 SUNFLOWERS
114 WHEAT
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 102
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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