Northwest KFMA
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       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
                                                         23 FARMS                                   7 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            88,682                                    90,041 
        2  DAIRY AND MILK                                     -52 
        3  SHEEP                                              -14 
        4  SWINE                                               44 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                    591                                    -3,489 
        7  CUSTOM FEEDING                                                                            17,740 
        8  FEED PURCHASED                                 -21,550                                   -20,224 
        9     LIVESTOCK INCOME                       $     67,701                              $     84,067 
      
       10  CORN                                           125,693                                   248,925 
       11  GRAIN SORGHUM                                   22,731                                     8,685 
       12  SOYBEANS                                        16,450                                     8,406 
       13  SUNFLOWERS                                      37,096                                     3,049 
       14  WHEAT                                          126,230                                    96,713 
       15  HAY AND FORAGE                                   4,663                                    29,746 
       16  OTHER CROP                                       6,120                                    29,206 
       17  GOVERNMENT PAYMENTS                            147,962                                   150,570 
       18  CROP INSURANCE PROCEEDS                         32,857                                    41,740 
       19  OTHER INCOME                                    39,108                                    54,572 
       20     VALUE OF FARM PRODUCTION               $    626,612                              $    755,680 
      
       21  HIRED LABOR                                     32,522                                    37,528 
       22  MACHINERY REPAIRS                               35,559                                    55,974 
       23  IRRIGATION REPAIRS                               3,886                                    12,158 
       24  BUILDING REPAIRS                                 1,816                                     2,977 
       25  INTEREST PAID                                   29,538                                    48,547 
       26  SEED-OTHER CROP EXPENSE                         43,331                                    58,089 
       27  CROP INSURANCE                                  23,886                                    20,832 
       28  FERTILIZER-LIME                                 61,872                                    83,506 
       29  MACHINE HIRE                                    35,763                                    37,124 
       30  ORGANIZATION FEE, PUBLICATION                    7,503                                     3,686 
       31  VET-MED-DRUGS                                    4,048                                     4,044 
       32  CROP STORAGE-MARKETING                           5,276                                     6,360 
       33  LIVESTOCK MARKETING-BREEDING                     2,667                                     1,701 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    32,131                                    56,939 
       36  IRRIGATION ENERGY                               29,068                                    71,909 
       37  REAL ESTATE TAXES                                7,284                                     6,709 
       38  PERSONAL PROPERTY TAXES                            751                                       781 
       39  GENERAL FARM INSURANCE                           7,614                                    11,546 
       40  UTILITIES                                        6,482                                     6,820 
       41  CASH FARM RENT                                  47,175                                    78,078 
       42  HERBICIDE-INSECTICIDE                           58,446                                    33,770 
       43  CONSERVATION                                       366                                        22 
       44  AUTO EXPENSE                                     1,942                                     2,769 
       45     TOTAL OPERATING EXPENSE                $    478,925                              $    641,868 
      
       46  DEPRECIATION-MACHINERY                          45,295                                    49,684 
       47  DEPRECIATION-BUILDINGS                           4,856                                     1,558 
       48     TOTAL FARM EXPENSE                     $    529,077                              $    693,111 
      
       49     NET FARM INCOME                        $     97,535                              $     62,570 
      
       50  UNPAID FAMILY LABOR                              2,348                                     6,107 
       51  UNPAID OPERATOR LABOR                           23,126                                    26,229 
       52  MANAGEMENT CHARGE                               24,501                                    19,973 
       53  CURRENT ASSET CHARGE - 8%                       20,006                                    12,493 
       54  NONCURRENT ASSET CHARGE - 8%                    55,059                                    45,881 
       55  RETURN LABOR-MANAGEMENT                         20,122                                    -1,912 
       56  RETURN TO CAPITAL                               77,098                                    58,808 
       57  ASSET TURNOVER RATIO                             .4432                                     .5420 
       58  OPERATING PROFIT MARGIN RATIO                    .1230                                     .0778 
       59  % RETURN ON ASSETS                               .0545                                     .0422 
       60  % RETURN ON EQUITY                               .0507                                     .0141 
       61  TOTAL EXPENSE RATIO                              .8443                                     .9172 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9241                                     .9864 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0439                                    1.0637 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          395,872               439,966             482,677               470,931    
       65  NONCURRENT ASSETS                       972,105             1,019,606             892,159               942,577    
       66  CURRENT LIABILITIES                     161,395               174,285             347,210               294,067    
       67  NONCURRENT LIABILITIES                  296,706               318,530             331,596               356,115    
       68  CURRENT RATIO                              2.45                  2.52                1.39                  1.60    
       69  DEBT TO ASSET RATIO                         .33                   .34                 .49                   .46    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              55,157                                    50,125 
       71  MACHINERY AND EQUIPMENT                        134,240                                   195,164 
       72  MOTOR VEHICLES & LISTED PROPE                  175,197                                   218,209 
       73  BUILDINGS                                       48,988                                    15,539 
       74  OWNED LAND                                     603,106                                   471,535 
       75  TOTAL ASSETS                                 1,413,774                                 1,394,172 
       76  NET WORTH                                      938,317                                   729,678 
      
       LABOR
       77  NUMBER OF OPERATORS                                .85                                       .97 
       78  NUMBER OF WORKERS                                 2.09                                      2.25 
       79  TOTAL WORK DAYS                                    510                                       652 
       80  VALUE FARM PRODUCTION/WORKER                   299,627                                   334,795 
       81  NET FARM INCOME/WORKER                          46,638                                    27,721 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,650,600                                 1,435,177 
       83  VALUE OF FARM PRODUCTION                       731,577                                   777,906 
       84  NET FARM INCOME                                113,873                                    64,410 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           15.44                                     54.11 
       86  % TILLABLE LAND                                  90.14                                     64.93 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.06                                     26.47 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     3850    23   1800    13   3103    21       3002     7                2531     6    
       89  NON-IRRIGATED CROP ACRES        2935    23   1340    13   2385    21       2323     7                2744     5    
       90  IRRIGATED CROP ACRES             822    15    583     6    679    13       1231     6                1183     5    
       91  TOTAL CROP ACRES                3471    23   1609    13   2805    21       1949     7                1606     6    
       92  PASTURE ACRES                   2330     8    412     6   2694     6     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          3471          2828                        1949          2741  
       95  CROP MACHINERY INVESTMENT          294,501         84.85        104.13        387,946        199.03        141.54  
       96  CROP MACHINERY COST                148,451         42.77         52.49        183,465         94.13         66.94  
       97  GROSS CROP VALUE                   587,713        169.34        207.81        737,509        378.38        269.09  
       98  CROP PRODUCTION COSTS              434,015        125.05        153.46        516,605        265.04        188.49  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            18    587    362    42.4   472    42.5      4    432 
      100  GRAIN SORGHUM                   11    531    645    55.8   374    54.9   
      101  SOYBEANS                         4    235  
      102  SUNFLOWERS                       5    774                  633    12.1   
      103  WHEAT                           23   1239    612    31.2  1036    33.6      6   1354                 1425    26.4  
      104  OTHER CROPS  
      105  ALFALFA                          4    146  
      106  OTHER HAY & FORAGE               6    221    120                            5     68                   48    
      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                            14    452    422   203.8   386   193.6      5   1021                 1041   186.4  
      111  GRAIN SORGHUM
      112  SOYBEANS                         8    200                  151    58.2   
      113  SUNFLOWERS                       8    255                  189    21.4   
      114  WHEAT                            9    193                  165    46.7      4    173 
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE                                                          4    122 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           25                                        37 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                       101                                       162 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
                                                         15 FARMS                                 129 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                             2,021                                    62,353 
        2  DAIRY AND MILK                                                                             2,158 
        3  SHEEP                                              450                                        17 
        4  SWINE                                                                                         19 
        5  POULTRY AND EGGS                                                                           2,142 
        6  OTHER LIVESTOCK                                  1,317                                      -464 
        7  CUSTOM FEEDING                                                                             2,137 
        8  FEED PURCHASED                                    -414                                   -19,364 
        9     LIVESTOCK INCOME                       $      3,376                              $     48,998 
      
       10  CORN                                            23,132                                    62,036 
       11  GRAIN SORGHUM                                    1,103                                    11,129 
       12  SOYBEANS                                         4,420                                     6,812 
       13  SUNFLOWERS                                       1,095                                    12,144 
       14  WHEAT                                           17,182                                    70,234 
       15  HAY AND FORAGE                                   4,824                                     5,527 
       16  OTHER CROP                                       2,087                                     1,050 
       17  GOVERNMENT PAYMENTS                             25,690                                    74,119 
       18  CROP INSURANCE PROCEEDS                          2,923                                    16,351 
       19  OTHER INCOME                                     9,564                                    15,165 
       20     VALUE OF FARM PRODUCTION               $     95,395                              $    323,567 
      
       21  HIRED LABOR                                      1,893                                     9,069 
       22  MACHINERY REPAIRS                                7,111                                    20,316 
       23  IRRIGATION REPAIRS                                 344                                     2,201 
       24  BUILDING REPAIRS                                   775                                     1,423 
       25  INTEREST PAID                                    7,462                                    23,433 
       26  SEED-OTHER CROP EXPENSE                          4,046                                    19,285 
       27  CROP INSURANCE                                   3,012                                    10,997 
       28  FERTILIZER-LIME                                  4,777                                    29,165 
       29  MACHINE HIRE                                     4,288                                    18,279 
       30  ORGANIZATION FEE, PUBLICATION                    2,133                                     3,215 
       31  VET-MED-DRUGS                                      158                                     1,964 
       32  CROP STORAGE-MARKETING                              23                                     1,624 
       33  LIVESTOCK MARKETING-BREEDING                       104                                     2,327 
       34  DAIRY EXPENSE                                                                                269 
       35  GAS-FUEL-OIL                                     5,494                                    17,939 
       36  IRRIGATION ENERGY                                4,169                                    17,716 
       37  REAL ESTATE TAXES                                4,452                                     5,017 
       38  PERSONAL PROPERTY TAXES                             77                                       225 
       39  GENERAL FARM INSURANCE                           2,381                                     6,139 
       40  UTILITIES                                        1,222                                     2,732 
       41  CASH FARM RENT                                     694                                    15,816 
       42  HERBICIDE-INSECTICIDE                            4,680                                    20,933 
       43  CONSERVATION                                       711                                       329 
       44  AUTO EXPENSE                                       793                                     1,534 
       45     TOTAL OPERATING EXPENSE                $     60,798                              $    231,946 
      
       46  DEPRECIATION-MACHINERY                           9,836                                    24,815 
       47  DEPRECIATION-BUILDINGS                             507                                     2,322 
       48     TOTAL FARM EXPENSE                     $     71,141                              $    259,083 
      
       49     NET FARM INCOME                        $     24,255                              $     64,484 
      
       50  UNPAID FAMILY LABOR                                750                                     3,297 
       51  UNPAID OPERATOR LABOR                            9,540                                    19,570 
       52  MANAGEMENT CHARGE                                6,111                                    15,797 
       53  CURRENT ASSET CHARGE - 8%                        8,488                                    12,475 
       54  NONCURRENT ASSET CHARGE - 8%                    54,210                                    47,401 
       55  RETURN LABOR-MANAGEMENT                        -39,193                                     1,311 
       56  RETURN TO CAPITAL                               15,315                                    49,254 
       57  ASSET TURNOVER RATIO                             .1075                                     .2907 
       58  OPERATING PROFIT MARGIN RATIO                    .1605                                     .1522 
       59  % RETURN ON ASSETS                               .0173                                     .0443 
       60  % RETURN ON EQUITY                               .0100                                     .0345 
       61  TOTAL EXPENSE RATIO                              .7457                                     .8007 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9177                                     .9202 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.5749                                    1.1053 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          123,018               143,164             269,631               301,015    
       65  NONCURRENT ASSETS                       750,029               758,334             813,609               841,803    
       66  CURRENT LIABILITIES                      21,284                32,688             125,941               132,834    
       67  NONCURRENT LIABILITIES                   79,881                73,231             230,627               239,762    
       68  CURRENT RATIO                              5.78                  4.38                2.14                  2.27    
       69  DEBT TO ASSET RATIO                         .12                   .12                 .33                   .33    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                               3,455                                    50,621 
       71  MACHINERY AND EQUIPMENT                         36,597                                    90,356 
       72  MOTOR VEHICLES & LISTED PROPE                   40,325                                   102,022 
       73  BUILDINGS                                        6,470                                    23,306 
       74  OWNED LAND                                     664,284                                   583,316 
       75  TOTAL ASSETS                                   887,272                                 1,113,029 
       76  NET WORTH                                      783,730                                   748,446 
      
       LABOR
       77  NUMBER OF OPERATORS                                .35                                       .72 
       78  NUMBER OF WORKERS                                  .52                                      1.18 
       79  TOTAL WORK DAYS                                    127                                       294 
       80  VALUE FARM PRODUCTION/WORKER                   181,131                                   272,989 
       81  NET FARM INCOME/WORKER                          46,054                                    54,404 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 2,511,149                                 1,535,622 
       83  VALUE OF FARM PRODUCTION                       269,987                                   446,418 
       84  NET FARM INCOME                                 68,646                                    88,967 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           19.70                                     16.08 
       86  % TILLABLE LAND                                  50.89                                     67.72 
       87  CROP MACH COST/TOT EXPENSE(%)                    34.66                                     31.42 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1423    15   1423    15                    2888   129   1051   127   1853   129    
       89  NON-IRRIGATED CROP ACRES         581    15    581    15                    1667   127    606   124   1128   121    
       90  IRRIGATED CROP ACRES             357     6    357     6                     541    75    262    58    437    58    
       91  TOTAL CROP ACRES                 724    15    724    15                    1986   127    729   124   1327   122    
       92  PASTURE ACRES                   1025    10   1025    10                    1276    92    525    79   1012    75    
       93  FARMSTEAD ACRES                                                              45    64     29    56     67    18    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           724           400                        1956          1489  
       95  CROP MACHINERY INVESTMENT           73,145        101.02        182.91        173,952         88.95        116.82  
       96  CROP MACHINERY COST                 24,655         34.05         61.65         81,411         41.63         54.67  
       97  GROSS CROP VALUE                    93,354        128.93        233.45        301,717        153.09        201.06  
       98  CROP PRODUCTION COSTS               59,269         81.86        148.21        206,876        105.79        138.93  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             6    147    147    57.8                   60    371    200    45.7   298    53.1  
      100  GRAIN SORGHUM                                                              53    244    173    63.0   168    64.8  
      101  SOYBEANS     
      102  SUNFLOWERS                                                                 14    262    298    12.0   145    12.5  
      103  WHEAT                           14    215    215    34.8                  127    791    306    32.4   547    33.3  
      104  OTHER CROPS                                                                11     92     57           122    
      105  ALFALFA                                                                    20     64     43     3.8    58     3.5  
      106  OTHER HAY & FORAGE                                                         48    167     91           138    
      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    178    178   176.5                   56    362    171   182.2   320   194.1  
      111  GRAIN SORGHUM                                                               8     86                   67   111.3  
      112  SOYBEANS                         4    117    117    53.4                   24    138     91    56.0   153    57.3  
      113  SUNFLOWERS                                                                 27    187    136    19.3   157    19.6  
      114  WHEAT                                                                      39    202    150    43.5   172    38.5  
      115  OTHER CROPS                                                                11    137     87           123    
      116  ALFALFA                                                                     7    131     92     5.0    
      117  OTHER HAY & FORAGE                                                         20    138    131            77    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                            4                                        26 
      122  DAIRY COWS                                                                                     1 
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                                                                  50 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - NW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
                                                         10 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           205,933 
        2  DAIRY AND MILK     
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -852 
        7  CUSTOM FEEDING     
        8  FEED PURCHASED                                 -59,134 
        9     LIVESTOCK INCOME                       $    145,948 
      
       10  CORN                                            96,110 
       11  GRAIN SORGHUM                                   16,222 
       12  SOYBEANS                                         1,000 
       13  SUNFLOWERS                                      11,398 
       14  WHEAT                                           27,440 
       15  HAY AND FORAGE                                   1,285 
       16  OTHER CROP                                      -1,500 
       17  GOVERNMENT PAYMENTS                             63,570 
       18  CROP INSURANCE PROCEEDS                          8,526 
       19  OTHER INCOME                                    27,773 
       20     VALUE OF FARM PRODUCTION               $    397,772 
      
       21  HIRED LABOR                                     13,816 
       22  MACHINERY REPAIRS                               21,564 
       23  IRRIGATION REPAIRS                               2,603 
       24  BUILDING REPAIRS                                   648 
       25  INTEREST PAID                                   25,826 
       26  SEED-OTHER CROP EXPENSE                         17,808 
       27  CROP INSURANCE                                   7,845 
       28  FERTILIZER-LIME                                 24,163 
       29  MACHINE HIRE                                    18,116 
       30  ORGANIZATION FEE, PUBLICATION                    2,295 
       31  VET-MED-DRUGS                                    4,765 
       32  CROP STORAGE-MARKETING                             802 
       33  LIVESTOCK MARKETING-BREEDING                     1,266 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    21,064 
       36  IRRIGATION ENERGY                               30,210 
       37  REAL ESTATE TAXES                                1,624 
       38  PERSONAL PROPERTY TAXES                            144 
       39  GENERAL FARM INSURANCE                           4,372 
       40  UTILITIES                                        4,833 
       41  CASH FARM RENT                                  50,271 
       42  HERBICIDE-INSECTICIDE                           19,403 
       43  CONSERVATION 
       44  AUTO EXPENSE                                     2,657 
       45     TOTAL OPERATING EXPENSE                $    276,094 
      
       46  DEPRECIATION-MACHINERY                          23,694 
       47  DEPRECIATION-BUILDINGS                           1,299 
       48     TOTAL FARM EXPENSE                     $    301,087 
      
       49     NET FARM INCOME                        $     96,685 
      
       50  UNPAID FAMILY LABOR                              2,025 
       51  UNPAID OPERATOR LABOR                           22,140 
       52  MANAGEMENT CHARGE                               21,771 
       53  CURRENT ASSET CHARGE - 8%                       24,431 
       54  NONCURRENT ASSET CHARGE - 8%                     9,951 
       55  RETURN LABOR-MANAGEMENT                         60,278 
       56  RETURN TO CAPITAL                               76,574 
       57  ASSET TURNOVER RATIO                             .4932 
       58  OPERATING PROFIT MARGIN RATIO                    .1925 
       59  % RETURN ON ASSETS                               .0949 
       60  % RETURN ON EQUITY                               .1181 
       61  TOTAL EXPENSE RATIO                              .7569 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8724 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9589 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          556,126               643,231    
       65  NONCURRENT ASSETS                       195,169               218,429    
       66  CURRENT LIABILITIES                     309,411               279,161    
       67  NONCURRENT LIABILITIES                   78,123                86,709    
       68  CURRENT RATIO                              1.80                  2.30    
       69  DEBT TO ASSET RATIO                         .52                   .42    
      
       2005 DATA - NW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              71,200 
       71  MACHINERY AND EQUIPMENT                         68,101 
       72  MOTOR VEHICLES & LISTED PROPE                   92,659 
       73  BUILDINGS                                        9,840 
       74  OWNED LAND                                      32,450 
       75  TOTAL ASSETS                                   806,478 
       76  NET WORTH                                      429,775 
      
       LABOR
       77  NUMBER OF OPERATORS                                .82 
       78  NUMBER OF WORKERS                                 1.37 
       79  TOTAL WORK DAYS                                    278 
       80  VALUE FARM PRODUCTION/WORKER                   290,344 
       81  NET FARM INCOME/WORKER                          70,573 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   983,509 
       83  VALUE OF FARM PRODUCTION                       485,087 
       84  NET FARM INCOME                                117,909 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           35.17 
       86  % TILLABLE LAND                                  53.37 
       87  CROP MACH COST/TOT EXPENSE(%)                    20.86 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2087    10                2087    10     
       89  NON-IRRIGATED CROP ACRES         903     8                 903     8     
       90  IRRIGATED CROP ACRES             560     7                 560     7     
       91  TOTAL CROP ACRES                1393     8                1393     8     
       92  PASTURE ACRES                   1943     5                1943     5     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1114           912  
       95  CROP MACHINERY INVESTMENT          139,110        124.87        152.55   
       96  CROP MACHINERY COST                 62,817         56.39         68.89   
       97  GROSS CROP VALUE                   375,242        269.47        329.20   
       98  CROP PRODUCTION COSTS              224,399        161.15        196.87   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             4    214                  214    58.1   
      100  GRAIN SORGHUM                    4    244                  244    79.7   
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                            8    364                  364    29.5   
      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                             7    401                  401   205.4   
      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                                           59 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES   
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS