Northwest KFMA
Association Reports

Back
Printer Friendly Version
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
                                                        184 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            69,582 
        2  DAIRY AND MILK                                   1,506 
        3  SHEEP                                               47 
        4  SWINE                                               19 
        5  POULTRY AND EGGS                                 1,502 
        6  OTHER LIVESTOCK                                   -323 
        7  CUSTOM FEEDING                                   2,173 
        8  FEED PURCHASED                                 -20,286 
        9     LIVESTOCK INCOME                       $     54,220 
      
       10  CORN                                            75,784 
       11  GRAIN SORGHUM                                   11,946 
       12  SOYBEANS                                         7,566 
       13  SUNFLOWERS                                      13,976 
       14  WHEAT                                           71,590 
       15  HAY AND FORAGE                                   6,052 
       16  OTHER CROP                                       2,701 
       17  GOVERNMENT PAYMENTS                             81,737 
       18  CROP INSURANCE PROCEEDS                         17,860 
       19  OTHER INCOME                                    19,886 
       20     VALUE OF FARM PRODUCTION               $    363,318 
      
       21  HIRED LABOR                                     12,756 
       22  MACHINERY REPAIRS                               22,569 
       23  IRRIGATION REPAIRS                               2,661 
       24  BUILDING REPAIRS                                 1,436 
       25  INTEREST PAID                                   23,980 
       26  SEED-OTHER CROP EXPENSE                         22,444 
       27  CROP INSURANCE                                  12,160 
       28  FERTILIZER-LIME                                 33,061 
       29  MACHINE HIRE                                    20,032 
       30  ORGANIZATION FEE, PUBLICATION                    3,631 
       31  VET-MED-DRUGS                                    2,309 
       32  CROP STORAGE-MARKETING                           2,085 
       33  LIVESTOCK MARKETING-BREEDING                     2,107 
       34  DAIRY EXPENSE                                      189 
       35  GAS-FUEL-OIL                                    20,352 
       36  IRRIGATION ENERGY                               20,772 
       37  REAL ESTATE TAXES                                5,134 
       38  PERSONAL PROPERTY TAXES                            295 
       39  GENERAL FARM INSURANCE                           6,126 
       40  UTILITIES                                        3,348 
       41  CASH FARM RENT                                  22,744 
       42  HERBICIDE-INSECTICIDE                           24,702 
       43  CONSERVATION                                       335 
       44  AUTO EXPENSE                                     1,632 
       45     TOTAL OPERATING EXPENSE                $    266,860 
      
       46  DEPRECIATION-MACHINERY                          27,039 
       47  DEPRECIATION-BUILDINGS                           2,406 
       48     TOTAL FARM EXPENSE                     $    296,306 
      
       49     NET FARM INCOME                        $     67,013 
      
       50  UNPAID FAMILY LABOR                              3,008 
       51  UNPAID OPERATOR LABOR                           19,590 
       52  MANAGEMENT CHARGE                               16,579 
       53  CURRENT ASSET CHARGE - 8%                       13,742 
       54  NONCURRENT ASSET CHARGE - 8%                    46,820 
       55  RETURN LABOR-MANAGEMENT                          3,443 
       56  RETURN TO CAPITAL                               51,816 
       57  ASSET TURNOVER RATIO                             .3226 
       58  OPERATING PROFIT MARGIN RATIO                    .1426 
       59  % RETURN ON ASSETS                               .0460 
       60  % RETURN ON EQUITY                               .0368 
       61  TOTAL EXPENSE RATIO                              .8156 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9234 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0901 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          297,134               330,578    
       65  NONCURRENT ASSETS                       797,615               827,178    
       66  CURRENT LIABILITIES                     140,230               143,938    
       67  NONCURRENT LIABILITIES                  222,151               232,141    
       68  CURRENT RATIO                              2.12                  2.30    
       69  DEBT TO ASSET RATIO                         .33                   .32    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              48,443 
       71  MACHINERY AND EQUIPMENT                         94,237 
       72  MOTOR VEHICLES & LISTED PROPE                  110,051 
       73  BUILDINGS                                       24,116 
       74  OWNED LAND                                     558,200 
       75  TOTAL ASSETS                                 1,126,253 
       76  NET WORTH                                      757,023 
      
       LABOR
       77  NUMBER OF OPERATORS                                .72 
       78  NUMBER OF WORKERS                                 1.29 
       79  TOTAL WORK DAYS                                    320 
       80  VALUE FARM PRODUCTION/WORKER                   280,413 
       81  NET FARM INCOME/WORKER                          51,721 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,552,289 
       83  VALUE OF FARM PRODUCTION                       500,753 
       84  NET FARM INCOME                                 92,362 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           18.04 
       86  % TILLABLE LAND                                  70.14 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.71 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2850   184   1158   159   2050   166     
       89  NON-IRRIGATED CROP ACRES        1730   180    666   156   1339   155     
       90  IRRIGATED CROP ACRES             609   109    301    74    530    83     
       91  TOTAL CROP ACRES                2043   180    809   156   1539   157     
       92  PASTURE ACRES                   1373   119    578    97   1206    89     
       93  FARMSTEAD ACRES                   44    72     31    61     62    21     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1999          1584  
       95  CROP MACHINERY INVESTMENT          187,050         93.59        118.10   
       96  CROP MACHINERY COST                 88,036         44.05         55.58   
       97  GROSS CROP VALUE                   340,895        167.79        211.72   
       98  CROP PRODUCTION COSTS              236,098        116.85        147.44   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            92    394    217    46.2   340    50.6   
      100  GRAIN SORGHUM                   73    288    222    64.3   213    63.5   
      101  SOYBEANS                         7    156                  206    23.0   
      102  SUNFLOWERS                      21    372    356    12.0   266    12.3   
      103  WHEAT                          178    803    321    32.4   634    32.9   
      104  OTHER CROPS                     13    128     73           155     
      105  ALFALFA                         28     86     55     3.8    83     7.3   
      106  OTHER HAY & FORAGE              61    160     92           135     
      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                            87    407    199   183.4   385   194.8   
      111  GRAIN SORGHUM                   10     87     70    79.5    58   101.5   
      112  SOYBEANS                        37    150    109    56.5   153    57.8   
      113  SUNFLOWERS                      41    192    144    19.4   160    20.5   
      114  WHEAT                           57    193    141    43.2   170    41.7   
      115  OTHER CROPS                     17    157     82           148     
      116  ALFALFA                         14    104     76     5.1    86     4.8   
      117  OTHER HAY & FORAGE              27    138    153            67     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           26 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        54 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
                                                         46 FARMS                                  46 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           147,735                                    54,327 
        2  DAIRY AND MILK                                   5,997                                       -26 
        3  SHEEP                                                                                         -7 
        4  SWINE                                               54                                        22 
        5  POULTRY AND EGGS                                                                           5,635 
        6  OTHER LIVESTOCK                                    120                                    -1,486 
        7  CUSTOM FEEDING                                   2,240                                       170 
        8  FEED PURCHASED                                 -36,827                                    -9,672 
        9     LIVESTOCK INCOME                       $    119,318                              $     48,962 
      
       10  CORN                                           121,801                                   109,180 
       11  GRAIN SORGHUM                                   19,216                                    13,169 
       12  SOYBEANS                                        10,077                                     7,815 
       13  SUNFLOWERS                                      23,972                                    17,753 
       14  WHEAT                                          134,872                                    79,165 
       15  HAY AND FORAGE                                   5,956                                     7,555 
       16  OTHER CROP                                       3,471                                     5,995 
       17  GOVERNMENT PAYMENTS                            132,329                                    96,752 
       18  CROP INSURANCE PROCEEDS                         24,213                                    19,282 
       19  OTHER INCOME                                    31,916                                    18,104 
       20     VALUE OF FARM PRODUCTION               $    627,142                              $    423,733 
      
       21  HIRED LABOR                                     21,815                                    14,352 
       22  MACHINERY REPAIRS                               30,786                                    26,829 
       23  IRRIGATION REPAIRS                               2,952                                     4,717 
       24  BUILDING REPAIRS                                 1,767                                     1,923 
       25  INTEREST PAID                                   32,983                                    24,990 
       26  SEED-OTHER CROP EXPENSE                         35,180                                    26,507 
       27  CROP INSURANCE                                  19,474                                    15,079 
       28  FERTILIZER-LIME                                 50,559                                    39,573 
       29  MACHINE HIRE                                    33,045                                    18,591 
       30  ORGANIZATION FEE, PUBLICATION                    5,184                                     3,390 
       31  VET-MED-DRUGS                                    4,653                                     1,432 
       32  CROP STORAGE-MARKETING                           4,582                                     2,909 
       33  LIVESTOCK MARKETING-BREEDING                     4,024                                       920 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    29,961                                    26,303 
       36  IRRIGATION ENERGY                               27,795                                    30,201 
       37  REAL ESTATE TAXES                                7,871                                     5,251 
       38  PERSONAL PROPERTY TAXES                            503                                       375 
       39  GENERAL FARM INSURANCE                           8,722                                     7,149 
       40  UTILITIES                                        5,352                                     3,496 
       41  CASH FARM RENT                                  36,849                                    34,388 
       42  HERBICIDE-INSECTICIDE                           39,098                                    28,690 
       43  CONSERVATION                                       318                                       199 
       44  AUTO EXPENSE                                     1,887                                     1,682 
       45     TOTAL OPERATING EXPENSE                $    405,362                              $    318,947 
      
       46  DEPRECIATION-MACHINERY                          44,773                                    29,907 
       47  DEPRECIATION-BUILDINGS                           4,132                                     2,549 
       48     TOTAL FARM EXPENSE                     $    454,267                              $    351,403 
      
       49     NET FARM INCOME                        $    172,875                              $     72,330 
      
       50  UNPAID FAMILY LABOR                              3,082                                     4,598 
       51  UNPAID OPERATOR LABOR                           25,357                                    20,720 
       52  MANAGEMENT CHARGE                               36,721                                    17,979 
       53  CURRENT ASSET CHARGE - 8%                       28,295                                    12,426 
       54  NONCURRENT ASSET CHARGE - 8%                    68,837                                    46,816 
       55  RETURN LABOR-MANAGEMENT                         72,661                                     8,490 
       56  RETURN TO CAPITAL                              140,699                                    54,024 
       57  ASSET TURNOVER RATIO                             .3591                                     .3797 
       58  OPERATING PROFIT MARGIN RATIO                    .2243                                     .1275 
       59  % RETURN ON ASSETS                               .0806                                     .0484 
       60  % RETURN ON EQUITY                               .0887                                     .0392 
       61  TOTAL EXPENSE RATIO                              .7243                                     .8293 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8282                                     .9315 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9831                                    1.0713 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          535,579               616,837             279,945               315,332    
       65  NONCURRENT ASSETS                     1,135,906             1,204,905             802,007               834,532    
       66  CURRENT LIABILITIES                     219,462               225,580             141,984               142,647    
       67  NONCURRENT LIABILITIES                  302,829               317,050             228,113               238,020    
       68  CURRENT RATIO                              2.44                  2.73                1.97                  2.21    
       69  DEBT TO ASSET RATIO                         .31                   .30                 .34                   .33    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              94,157                                    45,318 
       71  MACHINERY AND EQUIPMENT                        146,544                                   108,783 
       72  MOTOR VEHICLES & LISTED PROPE                  171,956                                   122,059 
       73  BUILDINGS                                       42,382                                    24,741 
       74  OWNED LAND                                     753,539                                   548,524 
       75  TOTAL ASSETS                                 1,746,613                                 1,115,908 
       76  NET WORTH                                    1,214,153                                   740,526 
      
       LABOR
       77  NUMBER OF OPERATORS                                .93                                       .76 
       78  NUMBER OF WORKERS                                 1.78                                      1.47 
       79  TOTAL WORK DAYS                                    504                                       357 
       80  VALUE FARM PRODUCTION/WORKER                   350,955                                   287,488 
       81  NET FARM INCOME/WORKER                          96,743                                    49,073 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,859,820                                 1,454,158 
       83  VALUE OF FARM PRODUCTION                       667,790                                   552,173 
       84  NET FARM INCOME                                184,080                                    94,254 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           15.25                                     21.86 
       86  % TILLABLE LAND                                  76.04                                     67.55 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.35                                     30.52 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     4028    46   1565    40   2727    45       3264    46   1290    39   2269    44    
       89  NON-IRRIGATED CROP ACRES        2596    46   1048    40   1722    45       1940    46    637    39   1534    42    
       90  IRRIGATED CROP ACRES             716    30    303    20    571    27        792    28    376    16    734    22    
       91  TOTAL CROP ACRES                3063    46   1199    40   2065    45       2205    46    791    39   1680    42    
       92  PASTURE ACRES                   1986    27    673    21   1717    23       1652    29    859    22   1209    24    
       93  FARMSTEAD ACRES                   44    17     34    14                      58    14     42    13     52     5    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          3063          2463                        2205          1818  
       95  CROP MACHINERY INVESTMENT          286,884         93.66        116.46        215,741         97.83        118.69  
       96  CROP MACHINERY COST                133,307         43.52         54.12        107,256         48.64         59.01  
       97  GROSS CROP VALUE                   539,372        176.10        218.96        399,164        181.01        219.60  
       98  CROP PRODUCTION COSTS              355,683        116.12        144.39        284,069        128.82        156.28  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            27    595    252    51.5   470    55.7     22    341    228    43.3   307    56.7  
      100  GRAIN SORGHUM                   21    448    420    61.7   246    72.7     21    289    176    62.7   258    68.3  
      101  SOYBEANS                         4    182                  182    23.5   
      102  SUNFLOWERS                       6    870                  520    14.2      5    249                  249    10.2  
      103  WHEAT                           46   1200    496    38.1   846    38.2     46    920    324    31.2   723    32.2  
      104  OTHER CROPS                      5    286                  210     
      105  ALFALFA                         12    133     87     3.8   119    10.1      5     57     48     3.2    
      106  OTHER HAY & FORAGE              19    104     88            59             15    232    148           155    
      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                            28    452    201   205.0   393   196.0     21    567    237   192.7   566   198.4  
      111  GRAIN SORGHUM                                                               4     69 
      112  SOYBEANS                        12    149     89    52.7   168    65.9      6    181                  169    56.7  
      113  SUNFLOWERS                       9    182                  153    24.5     11    263    151    15.7   194    21.7  
      114  WHEAT                           15    258    177    49.2   262    47.7     22    174    115    42.7   160    44.7  
      115  OTHER CROPS                                                                 6    209    100           214    
      116  ALFALFA                          5     78                                   5    143                  110     4.0  
      117  OTHER HAY & FORAGE              10     89     89            72              5     79 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           46                                        31 
      122  DAIRY COWS                                           2 
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        67                                        20 
      126  SWINE PURCH. FOR RESALE SALES                        1 
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
                                                         46 FARMS                                  46 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            36,713                                    39,554 
        2  DAIRY AND MILK                                                                                54 
        3  SHEEP                                              195 
        4  SWINE  
        5  POULTRY AND EGGS                                   368                                         4 
        6  OTHER LIVESTOCK                                   -566                                       641 
        7  CUSTOM FEEDING                                   4,250                                     2,033 
        8  FEED PURCHASED                                  -8,688                                   -25,958 
        9     LIVESTOCK INCOME                       $     32,271                              $     16,329 
      
       10  CORN                                            38,024                                    34,130 
       11  GRAIN SORGHUM                                   10,620                                     4,779 
       12  SOYBEANS                                         4,512                                     7,861 
       13  SUNFLOWERS                                       9,824                                     4,354 
       14  WHEAT                                           42,743                                    29,581 
       15  HAY AND FORAGE                                   5,621                                     5,077 
       16  OTHER CROP                                       1,694                                      -357 
       17  GOVERNMENT PAYMENTS                             51,779                                    46,089 
       18  CROP INSURANCE PROCEEDS                          9,745                                    18,202 
       19  OTHER INCOME                                    15,876                                    13,647 
       20     VALUE OF FARM PRODUCTION               $    222,707                              $    179,691 
      
       21  HIRED LABOR                                      6,067                                     8,791 
       22  MACHINERY REPAIRS                               17,886                                    14,774 
       23  IRRIGATION REPAIRS                               1,486                                     1,489 
       24  BUILDING REPAIRS                                 1,103                                       951 
       25  INTEREST PAID                                   17,428                                    20,518 
       26  SEED-OTHER CROP EXPENSE                         13,773                                    14,318 
       27  CROP INSURANCE                                   7,117                                     6,971 
       28  FERTILIZER-LIME                                 20,516                                    21,594 
       29  MACHINE HIRE                                    13,035                                    15,456 
       30  ORGANIZATION FEE, PUBLICATION                    2,230                                     3,719 
       31  VET-MED-DRUGS                                    1,856                                     1,294 
       32  CROP STORAGE-MARKETING                             423                                       426 
       33  LIVESTOCK MARKETING-BREEDING                     1,730                                     1,753 
       34  DAIRY EXPENSE                                                                                755 
       35  GAS-FUEL-OIL                                    13,559                                    11,587 
       36  IRRIGATION ENERGY                               15,643                                     9,448 
       37  REAL ESTATE TAXES                                3,140                                     4,274 
       38  PERSONAL PROPERTY TAXES                            142                                       161 
       39  GENERAL FARM INSURANCE                           4,445                                     4,190 
       40  UTILITIES                                        2,393                                     2,150 
       41  CASH FARM RENT                                   8,213                                    11,526 
       42  HERBICIDE-INSECTICIDE                           16,007                                    15,014 
       43  CONSERVATION                                       458                                       367 
       44  AUTO EXPENSE                                     1,520                                     1,439 
       45     TOTAL OPERATING EXPENSE                $    170,169                              $    172,964 
      
       46  DEPRECIATION-MACHINERY                          15,515                                    17,961 
       47  DEPRECIATION-BUILDINGS                           1,118                                     1,826 
       48     TOTAL FARM EXPENSE                     $    186,802                              $    192,751 
      
       49     NET FARM INCOME                        $     35,905                              $    -13,059 
      
       50  UNPAID FAMILY LABOR                              2,250                                     2,103 
       51  UNPAID OPERATOR LABOR                           18,137                                    14,146 
       52  MANAGEMENT CHARGE                                9,621                                     1,995 
       53  CURRENT ASSET CHARGE - 8%                        5,295                                     8,951 
       54  NONCURRENT ASSET CHARGE - 8%                    31,221                                    40,406 
       55  RETURN LABOR-MANAGEMENT                         -2,860                                   -64,520 
       56  RETURN TO CAPITAL                               23,326                                   -10,786 
       57  ASSET TURNOVER RATIO                             .2964                                     .2016 
       58  OPERATING PROFIT MARGIN RATIO                    .1047                                    -.0600 
       59  % RETURN ON ASSETS                               .0310                                    -.0121 
       60  % RETURN ON EQUITY                               .0129                                    -.0507 
       61  TOTAL EXPENSE RATIO                              .8388                                    1.0727 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9735                                    1.1742 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1375                                    1.4489 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          148,479               178,812             224,534               211,331    
       65  NONCURRENT ASSETS                       578,461               596,869             674,088               672,408    
       66  CURRENT LIABILITIES                      87,344               107,574             112,129                99,951    
       67  NONCURRENT LIABILITIES                  192,305               202,504             165,357               170,988    
       68  CURRENT RATIO                              1.70                  1.66                2.00                  2.11    
       69  DEBT TO ASSET RATIO                         .38                   .40                 .31                   .31    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              33,089                                    21,207 
       71  MACHINERY AND EQUIPMENT                         63,641                                    57,979 
       72  MOTOR VEHICLES & LISTED PROPE                   69,544                                    76,643 
       73  BUILDINGS                                       10,936                                    18,405 
       74  OWNED LAND                                     437,260                                   493,476 
       75  TOTAL ASSETS                                   751,311                                   891,181 
       76  NET WORTH                                      456,447                                   616,968 
      
       LABOR
       77  NUMBER OF OPERATORS                                .67                                       .52 
       78  NUMBER OF WORKERS                                  .96                                       .95 
       79  TOTAL WORK DAYS                                    228                                       193 
       80  VALUE FARM PRODUCTION/WORKER                   231,254                                   187,433 
       81  NET FARM INCOME/WORKER                          37,283                                   -13,622 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,118,456                                 1,701,009 
       83  VALUE OF FARM PRODUCTION                       331,539                                   342,979 
       84  NET FARM INCOME                                 53,451                                   -24,927 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           18.60                                     17.53 
       86  % TILLABLE LAND                                  68.17                                     64.57 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.42                                     30.35 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2082    46    844    42   1508    40       2024    46    940    38   1551    37    
       89  NON-IRRIGATED CROP ACRES        1181    45    484    40    939    36       1153    43    480    37    995    32    
       90  IRRIGATED CROP ACRES             467    26    270    18    428    17        421    25    268    20    304    17    
       91  TOTAL CROP ACRES                1451    45    605    40   1081    38       1398    43    625    37   1156    32    
       92  PASTURE ACRES                    880    34    373    29    830    23       1101    29    487    25   1039    19    
       93  FARMSTEAD ACRES                   26    22     24    18                      56    19     26    16     80     8    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1419          1071                        1307           984  
       95  CROP MACHINERY INVESTMENT          121,964         85.94        113.90        123,611         94.58        125.65  
       96  CROP MACHINERY COST                 53,081         37.40         49.57         58,500         44.76         59.47  
       97  GROSS CROP VALUE                   224,337        154.64        204.95        191,685        140.30        186.38  
       98  CROP PRODUCTION COSTS              143,437        101.07        133.96        157,798        115.49        153.43  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            16    247    136    52.4   259    54.6     27    324    228    38.2   245    36.8  
      100  GRAIN SORGHUM                   15    183    120    56.4   139    59.9     16    175     79    79.7   181    48.6  
      101  SOYBEANS     
      102  SUNFLOWERS                       6    115                   99    13.0      4    163 
      103  WHEAT                           44    576    226    30.4   485    29.3     42    479    225    29.4   397    30.7  
      104  OTHER CROPS                      5     38     40 
      105  ALFALFA                          5     37                                   6     56     43     4.1    
      106  OTHER HAY & FORAGE              17    182     56           230             10    120     57           107    
      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                            18    347    169   153.2   325   193.3     20    229    190   179.7   175   188.5  
      111  GRAIN SORGHUM
      112  SOYBEANS                         9    139    113    52.4   114    46.5     10    143    118    60.7   151    56.9  
      113  SUNFLOWERS                      10    175    123    20.0   169    19.7     11    144    167    20.0   107    14.5  
      114  WHEAT                           10    162    144    38.6   127    37.1     10    168    125    37.9   132    33.2  
      115  OTHER CROPS                      4     97                                   5    130                  111    
      116  ALFALFA
      117  OTHER HAY & FORAGE               8    191    222                            4    226    208
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           15                                        14 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        44                                        85 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS