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2005 DATA - SW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY NET FARM INCOME AVERAGE MY FARM
121 FARMS
ITEM PER FARM PER FARM
1 BEEF 46,204
2 DAIRY AND MILK 1,980
3 SHEEP 1,602
4 SWINE -8
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -1,638
7 CUSTOM FEEDING 7,589
8 FEED PURCHASED -14,552
9 LIVESTOCK INCOME $ 41,177
10 CORN 32,745
11 GRAIN SORGHUM 16,088
12 SOYBEANS 8,569
13 SUNFLOWERS 164
14 WHEAT 61,809
15 HAY AND FORAGE 7,416
16 OTHER CROP 6,408
17 GOVERNMENT PAYMENTS 53,875
18 CROP INSURANCE PROCEEDS 7,745
19 OTHER INCOME 19,724
20 VALUE OF FARM PRODUCTION $ 255,719
21 HIRED LABOR 18,522
22 MACHINERY REPAIRS 22,276
23 IRRIGATION REPAIRS 3,082
24 BUILDING REPAIRS 1,839
25 INTEREST PAID 13,726
26 SEED-OTHER CROP EXPENSE 12,155
27 CROP INSURANCE 5,983
28 FERTILIZER-LIME 25,658
29 MACHINE HIRE 23,104
30 ORGANIZATION FEE, PUBLICATION 3,446
31 VET-MED-DRUGS 3,785
32 CROP STORAGE-MARKETING 2,050
33 LIVESTOCK MARKETING-BREEDING 1,249
34 DAIRY EXPENSE 24
35 GAS-FUEL-OIL 17,964
36 IRRIGATION ENERGY 12,781
37 REAL ESTATE TAXES 5,465
38 PERSONAL PROPERTY TAXES 1,214
39 GENERAL FARM INSURANCE 4,790
40 UTILITIES 4,695
41 CASH FARM RENT 10,022
42 HERBICIDE-INSECTICIDE 19,809
43 CONSERVATION 272
44 AUTO EXPENSE 964
45 TOTAL OPERATING EXPENSE $ 214,875
46 DEPRECIATION-MACHINERY 17,325
47 DEPRECIATION-BUILDINGS 1,510
48 TOTAL FARM EXPENSE $ 233,709
49 NET FARM INCOME $ 22,010
50 UNPAID FAMILY LABOR 893
51 UNPAID OPERATOR LABOR 26,398
52 MANAGEMENT CHARGE 8,544
53 CURRENT ASSET CHARGE - 8% 9,656
54 NONCURRENT ASSET CHARGE - 8% 47,491
55 RETURN LABOR-MANAGEMENT -36,029
56 RETURN TO CAPITAL -98
57 ASSET TURNOVER RATIO .2686
58 OPERATING PROFIT MARGIN RATIO -.0004
59 % RETURN ON ASSETS -.0001
60 % RETURN ON EQUITY -.0194
61 TOTAL EXPENSE RATIO .9139
62 ADJUSTED TOTAL EXPENSE RATIO 1.0541
63 ECONOMIC TOTAL EXPENSE RATIO 1.2775
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 218,537 240,631
65 NONCURRENT ASSETS 708,481 736,434
66 CURRENT LIABILITIES 99,570 118,210
67 NONCURRENT LIABILITIES 124,571 133,075
68 CURRENT RATIO 2.19 2.04
69 DEBT TO ASSET RATIO .24 .26
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2005 DATA - SW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY NET FARM INCOME AVERAGE MY FARM
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 31,934
71 MACHINERY AND EQUIPMENT 80,833
72 MOTOR VEHICLES & LISTED PROPE 86,624
73 BUILDINGS 18,202
74 OWNED LAND 505,191
75 TOTAL ASSETS 952,042
76 NET WORTH 714,329
LABOR
77 NUMBER OF OPERATORS .97
78 NUMBER OF WORKERS 1.50
79 TOTAL WORK DAYS 243
80 VALUE FARM PRODUCTION/WORKER 169,824
81 NET FARM INCOME/WORKER 14,617
PER OPERATOR BASIS
82 TOTAL ASSETS 973,771
83 VALUE OF FARM PRODUCTION 261,555
84 NET FARM INCOME 22,512
OTHER FACTORS
85 % CROP ACRES IRRIGATED 15.20
86 % TILLABLE LAND 73.23
87 CROP MACH COST/TOT EXPENSE(%) 31.88
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2437 121 1253 107 1532 105
89 NON-IRRIGATED CROP ACRES 1552 118 725 105 1151 93
90 IRRIGATED CROP ACRES 547 60 311 39 517 40
91 TOTAL CROP ACRES 1800 120 841 105 1303 98
92 PASTURE ACRES 1096 71 840 54 812 40
93 FARMSTEAD ACRES 32 35 13 33 97 7
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1785 1093
95 CROP MACHINERY INVESTMENT 147,169 82.45 134.60
96 CROP MACHINERY COST 74,497 41.74 68.13
97 GROSS CROP VALUE 249,172 139.60 227.89
98 CROP PRODUCTION COSTS 193,629 107.59 175.63
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 14 179 135 31.3 164 47.7
100 GRAIN SORGHUM 66 273 170 68.3 242 67.4
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 108 671 294 37.9 539 38.1
104 OTHER CROPS 5 129 147
105 ALFALFA 9 51 49 3.6
106 OTHER HAY & FORAGE 39 181 151 172
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 31 350 191 165.5 391 187.2
111 GRAIN SORGHUM 24 145 119 99.5 138 103.8
112 SOYBEANS 22 196 184 57.4 167 52.4
113 SUNFLOWERS
114 WHEAT 31 211 174 45.5 188 51.8
115 OTHER CROPS 4 356
116 ALFALFA 16 179 114 4.9 179 4.6
117 OTHER HAY & FORAGE 13 101 85 66
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 15
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 91
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - SW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY NET FARM INCOME HIGH 25% HIGH MIDDLE
30 FARMS 30 FARMS
ITEM PER FARM PER FARM
1 BEEF 68,661 51,081
2 DAIRY AND MILK 8,045
3 SHEEP 67 6,346
4 SWINE
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -297 -328
7 CUSTOM FEEDING 761
8 FEED PURCHASED -12,104 -19,303
9 LIVESTOCK INCOME $ 65,133 $ 37,797
10 CORN 72,116 17,464
11 GRAIN SORGHUM 20,280 14,577
12 SOYBEANS 11,353 9,374
13 SUNFLOWERS 665
14 WHEAT 81,190 65,903
15 HAY AND FORAGE 11,502 2,856
16 OTHER CROP 16,919 2,023
17 GOVERNMENT PAYMENTS 78,907 46,604
18 CROP INSURANCE PROCEEDS 10,853 8,562
19 OTHER INCOME 28,115 10,645
20 VALUE OF FARM PRODUCTION $ 396,368 $ 216,470
21 HIRED LABOR 23,581 10,337
22 MACHINERY REPAIRS 20,265 24,456
23 IRRIGATION REPAIRS 3,909 1,530
24 BUILDING REPAIRS 1,650 1,366
25 INTEREST PAID 16,062 9,435
26 SEED-OTHER CROP EXPENSE 15,052 11,309
27 CROP INSURANCE 6,366 6,528
28 FERTILIZER-LIME 36,289 21,282
29 MACHINE HIRE 37,891 13,685
30 ORGANIZATION FEE, PUBLICATION 3,367 3,080
31 VET-MED-DRUGS 2,947 3,990
32 CROP STORAGE-MARKETING 1,526 282
33 LIVESTOCK MARKETING-BREEDING 562 542
34 DAIRY EXPENSE 93
35 GAS-FUEL-OIL 22,813 15,785
36 IRRIGATION ENERGY 24,045 9,099
37 REAL ESTATE TAXES 7,300 5,002
38 PERSONAL PROPERTY TAXES 955 1,192
39 GENERAL FARM INSURANCE 4,909 3,747
40 UTILITIES 4,501 3,739
41 CASH FARM RENT 12,709 4,619
42 HERBICIDE-INSECTICIDE 26,082 13,237
43 CONSERVATION 161 11
44 AUTO EXPENSE 1,441 905
45 TOTAL OPERATING EXPENSE $ 274,474 $ 165,160
46 DEPRECIATION-MACHINERY 21,326 14,410
47 DEPRECIATION-BUILDINGS 1,107 1,604
48 TOTAL FARM EXPENSE $ 296,907 $ 181,173
49 NET FARM INCOME $ 99,461 $ 35,297
50 UNPAID FAMILY LABOR 1,050 225
51 UNPAID OPERATOR LABOR 27,450 25,200
52 MANAGEMENT CHARGE 22,217 9,730
53 CURRENT ASSET CHARGE - 8% 15,819 8,136
54 NONCURRENT ASSET CHARGE - 8% 54,537 40,142
55 RETURN LABOR-MANAGEMENT 28,055 -13,206
56 RETURN TO CAPITAL 64,806 9,578
57 ASSET TURNOVER RATIO .3383 .2826
58 OPERATING PROFIT MARGIN RATIO .1635 .0442
59 % RETURN ON ASSETS .0553 .0125
60 % RETURN ON EQUITY .0554 .0002
61 TOTAL EXPENSE RATIO .7491 .8369
62 ADJUSTED TOTAL EXPENSE RATIO .8770 .9993
63 ECONOMIC TOTAL EXPENSE RATIO 1.0545 1.2224
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 310,749 352,506 171,047 207,779
65 NONCURRENT ASSETS 832,524 847,295 564,668 588,353
66 CURRENT LIABILITIES 127,111 140,664 78,384 97,050
67 NONCURRENT LIABILITIES 160,650 155,740 68,271 81,204
68 CURRENT RATIO 2.44 2.51 2.18 2.14
69 DEBT TO ASSET RATIO .25 .25 .20 .22
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2005 DATA - SW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY NET FARM INCOME HIGH 25% HIGH MIDDLE
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 61,920 26,012
71 MACHINERY AND EQUIPMENT 101,061 60,179
72 MOTOR VEHICLES & LISTED PROPE 103,416 75,065
73 BUILDINGS 14,527 20,140
74 OWNED LAND 597,067 405,885
75 TOTAL ASSETS 1,171,537 765,923
76 NET WORTH 879,455 603,468
LABOR
77 NUMBER OF OPERATORS 1.01 .93
78 NUMBER OF WORKERS 1.66 1.21
79 TOTAL WORK DAYS 332 208
80 VALUE FARM PRODUCTION/WORKER 238,776 177,921
81 NET FARM INCOME/WORKER 59,916 29,011
PER OPERATOR BASIS
82 TOTAL ASSETS 1,152,331 820,632
83 VALUE OF FARM PRODUCTION 389,870 231,933
84 NET FARM INCOME 97,831 37,818
OTHER FACTORS
85 % CROP ACRES IRRIGATED 20.16 9.26
86 % TILLABLE LAND 72.42 83.56
87 CROP MACH COST/TOT EXPENSE(%) 33.47 35.97
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3098 30 1396 26 2098 27 2110 30 999 26 1382 27
89 NON-IRRIGATED CROP ACRES 1919 28 898 24 1399 23 1600 30 686 26 1206 25
90 IRRIGATED CROP ACRES 754 18 323 12 693 14 377 13 315 9 257 8
91 TOTAL CROP ACRES 2321 29 1059 24 1611 26 1763 30 796 26 1288 25
92 PASTURE ACRES 1344 19 673 16 1341 11 645 15 519 10 560 8
93 FARMSTEAD ACRES 11 9 12 8 105 7 15 7
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2244 1395 1763 980
95 CROP MACHINERY INVESTMENT 180,261 80.34 129.21 119,311 67.68 121.79
96 CROP MACHINERY COST 99,369 44.29 71.23 65,160 36.96 66.51
97 GROSS CROP VALUE 347,084 154.69 248.78 214,247 121.53 218.69
98 CROP PRODUCTION COSTS 257,330 110.87 178.30 166,773 94.60 170.23
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 5 170 128 45.7
100 GRAIN SORGHUM 20 212 156 66.0 185 66.1 16 297 134 68.5 234 67.1
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 26 832 417 42.2 578 39.0 28 671 242 36.0 576 33.9
104 OTHER CROPS
105 ALFALFA
106 OTHER HAY & FORAGE 11 269 52 450 5 51 42
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 13 459 211 168.4 509 183.8 6 206 135 192.6
111 GRAIN SORGHUM 8 135 84 102.3 148 111.9 5 143
112 SOYBEANS 8 240 219 60.4
113 SUNFLOWERS
114 WHEAT 7 235 187 44.8 180 58.3 9 181 216 52.2 110 46.6
115 OTHER CROPS
116 ALFALFA
117 OTHER HAY & FORAGE 5 84
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 26 10
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 72 85
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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2005 DATA - SW KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY NET FARM INCOME LOW MIDDLE LOW 25%
30 FARMS 31 FARMS
ITEM PER FARM PER FARM
1 BEEF 27,126 38,215
2 DAIRY AND MILK -59
3 SHEEP 47
4 SWINE -33
5 POULTRY AND EGGS
6 OTHER LIVESTOCK -5,476 -488
7 CUSTOM FEEDING 9,166 20,015
8 FEED PURCHASED -5,594 -20,992
9 LIVESTOCK INCOME $ 25,210 $ 36,717
10 CORN 32,731 9,445
11 GRAIN SORGHUM 14,617 14,918
12 SOYBEANS 5,044 8,505
13 SUNFLOWERS -2
14 WHEAT 57,787 42,983
15 HAY AND FORAGE 8,834 6,500
16 OTHER CROP 247 6,443
17 GOVERNMENT PAYMENTS 39,883 50,229
18 CROP INSURANCE PROCEEDS 2,658 8,868
19 OTHER INCOME 13,004 26,892
20 VALUE OF FARM PRODUCTION $ 200,015 $ 211,497
21 HIRED LABOR 10,580 29,234
22 MACHINERY REPAIRS 16,283 27,913
23 IRRIGATION REPAIRS 1,080 5,720
24 BUILDING REPAIRS 842 3,445
25 INTEREST PAID 12,339 16,959
26 SEED-OTHER CROP EXPENSE 10,479 11,793
27 CROP INSURANCE 4,833 6,196
28 FERTILIZER-LIME 23,016 22,161
29 MACHINE HIRE 24,873 16,197
30 ORGANIZATION FEE, PUBLICATION 2,667 4,630
31 VET-MED-DRUGS 3,253 4,913
32 CROP STORAGE-MARKETING 102 6,152
33 LIVESTOCK MARKETING-BREEDING 2,103 1,770
34 DAIRY EXPENSE 3
35 GAS-FUEL-OIL 13,388 19,811
36 IRRIGATION ENERGY 8,919 9,180
37 REAL ESTATE TAXES 3,477 6,061
38 PERSONAL PROPERTY TAXES 932 1,760
39 GENERAL FARM INSURANCE 3,498 6,936
40 UTILITIES 3,933 6,545
41 CASH FARM RENT 14,155 8,649
42 HERBICIDE-INSECTICIDE 18,068 21,784
43 CONSERVATION 112 790
44 AUTO EXPENSE 1,011 515
45 TOTAL OPERATING EXPENSE $ 179,947 $ 239,112
46 DEPRECIATION-MACHINERY 10,563 22,817
47 DEPRECIATION-BUILDINGS 1,067 2,237
48 TOTAL FARM EXPENSE $ 191,577 $ 264,166
49 NET FARM INCOME $ 8,439 $ -52,669
50 UNPAID FAMILY LABOR 675 1,597
51 UNPAID OPERATOR LABOR 27,000 25,955
52 MANAGEMENT CHARGE 5,442 -2,834
53 CURRENT ASSET CHARGE - 8% 6,509 8,206
54 NONCURRENT ASSET CHARGE - 8% 38,656 56,333
55 RETURN LABOR-MANAGEMENT -37,402 -118,806
56 RETURN TO CAPITAL -12,339 -60,427
57 ASSET TURNOVER RATIO .2601 .1928
58 OPERATING PROFIT MARGIN RATIO -.0617 -.2857
59 % RETURN ON ASSETS -.0160 -.0551
60 % RETURN ON EQUITY -.0437 -.0959
61 TOTAL EXPENSE RATIO .9578 1.2490
62 ADJUSTED TOTAL EXPENSE RATIO 1.1234 1.3659
63 ECONOMIC TOTAL EXPENSE RATIO 1.3492 1.6711
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 174,969 199,759 217,422 203,712
65 NONCURRENT ASSETS 571,684 591,326 860,000 912,881
66 CURRENT LIABILITIES 97,208 114,791 95,707 120,267
67 NONCURRENT LIABILITIES 91,894 104,714 175,763 188,785
68 CURRENT RATIO 1.80 1.74 2.27 1.69
69 DEBT TO ASSET RATIO .25 .28 .25 .28
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2005 DATA - SW KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY NET FARM INCOME LOW MIDDLE LOW 25%
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 15,887 24,176
71 MACHINERY AND EQUIPMENT 63,907 97,623
72 MOTOR VEHICLES & LISTED PROPE 62,091 105,301
73 BUILDINGS 12,708 25,200
74 OWNED LAND 391,897 622,022
75 TOTAL ASSETS 768,869 1,097,007
76 NET WORTH 564,565 806,746
LABOR
77 NUMBER OF OPERATORS 1.00 .96
78 NUMBER OF WORKERS 1.28 1.85
79 TOTAL WORK DAYS 194 240
80 VALUE FARM PRODUCTION/WORKER 156,262 114,024
81 NET FARM INCOME/WORKER 6,593 -28,396
PER OPERATOR BASIS
82 TOTAL ASSETS 768,869 1,141,182
83 VALUE OF FARM PRODUCTION 200,015 220,013
84 NET FARM INCOME 8,439 -54,790
OTHER FACTORS
85 % CROP ACRES IRRIGATED 17.97 12.42
86 % TILLABLE LAND 78.29 62.67
87 CROP MACH COST/TOT EXPENSE(%) 30.93 28.10
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1888 30 1023 24 1234 26 2647 31 1523 31 1393 25
89 NON-IRRIGATED CROP ACRES 1254 29 594 24 922 24 1453 31 725 31 1074 21
90 IRRIGATED CROP ACRES 531 15 265 8 585 10 456 14 329 10 387 8
91 TOTAL CROP ACRES 1478 30 683 24 1119 25 1659 31 831 31 1166 22
92 PASTURE ACRES 713 17 671 12 407 10 1526 20 1334 16 834 11
93 FARMSTEAD ACRES 20 9 16 8 11 10 11 10
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1478 937 1659 1062
95 CROP MACHINERY INVESTMENT 110,706 74.89 118.09 177,393 106.94 166.99
96 CROP MACHINERY COST 59,248 40.08 63.20 74,219 44.74 69.87
97 GROSS CROP VALUE 217,299 147.00 231.79 219,059 132.06 206.22
98 CROP PRODUCTION COSTS 148,555 100.50 158.46 203,648 122.77 191.71
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN
100 GRAIN SORGHUM 15 250 182 74.4 254 75.7 15 352 217 66.2 311 62.0
101 SOYBEANS
102 SUNFLOWERS
103 WHEAT 28 521 257 39.5 429 41.2 26 671 273 35.0 574 38.5
104 OTHER CROPS
105 ALFALFA 4 45 34 3.3
106 OTHER HAY & FORAGE 13 97 102 64 10 259 274
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 7 374 548 205.0 5 208
111 GRAIN SORGHUM 8 138 113 80.9 134 109.3
112 SOYBEANS 5 131 131 47.3 6 179 141 41.7
113 SUNFLOWERS
114 WHEAT 9 237 129 44.1 270 50.8 6 187 153 39.2
115 OTHER CROPS
116 ALFALFA 5 205 185 5.1 6 210 130 4.7 184 4.3
117 OTHER HAY & FORAGE 4 149 124
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 9 15
122 DAIRY COWS
123 EWES
124 SOWS
125 BEEF PURCH. FOR RESALE SALES 68 137
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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