Southwest KFMA
Association Reports

Back
Printer Friendly Version
     
       2005 DATA - SW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                              SINGLE - OWNER  
                                                         26 FARMS                                  10 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            80,247                                    51,135 
        2  DAIRY AND MILK                                                                              -160 
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -429                                       -50 
        7  CUSTOM FEEDING                                  20,082                                     6,341 
        8  FEED PURCHASED                                 -33,712                                   -15,054 
        9     LIVESTOCK INCOME                       $     66,187                              $     42,212 
      
       10  CORN                                            21,440                                     3,174 
       11  GRAIN SORGHUM                                   25,268                                     4,328 
       12  SOYBEANS                                        13,156 
       13  SUNFLOWERS   
       14  WHEAT                                           94,281                                    23,813 
       15  HAY AND FORAGE                                  10,358                                    -2,652 
       16  OTHER CROP                                       9,616                                       218 
       17  GOVERNMENT PAYMENTS                             65,164                                    19,218 
       18  CROP INSURANCE PROCEEDS                         12,328                                       893 
       19  OTHER INCOME                                    49,998                                     2,340 
       20     VALUE OF FARM PRODUCTION               $    367,797                              $     93,545 
      
       21  HIRED LABOR                                     52,090                                       473 
       22  MACHINERY REPAIRS                               43,186                                     7,179 
       23  IRRIGATION REPAIRS                               8,084                                     3,117 
       24  BUILDING REPAIRS                                 5,395                                     1,823 
       25  INTEREST PAID                                   21,474                                     5,545 
       26  SEED-OTHER CROP EXPENSE                         18,039                                     2,850 
       27  CROP INSURANCE                                   8,215                                     2,401 
       28  FERTILIZER-LIME                                 33,852                                     8,540 
       29  MACHINE HIRE                                    18,902                                     2,890 
       30  ORGANIZATION FEE, PUBLICATION                    6,606                                     1,208 
       31  VET-MED-DRUGS                                    7,381                                     1,192 
       32  CROP STORAGE-MARKETING                           7,469 
       33  LIVESTOCK MARKETING-BREEDING                     1,245                                     1,481 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    30,855                                     6,984 
       36  IRRIGATION ENERGY                               14,279                                        28 
       37  REAL ESTATE TAXES                                8,497                                     6,186 
       38  PERSONAL PROPERTY TAXES                          2,387                                       823 
       39  GENERAL FARM INSURANCE                           8,472                                     2,996 
       40  UTILITIES                                        8,354                                     1,915 
       41  CASH FARM RENT                                  11,498                                       468 
       42  HERBICIDE-INSECTICIDE                           28,370                                     3,665 
       43  CONSERVATION                                       688                                       150 
       44  AUTO EXPENSE                                       626                                     1,443 
       45     TOTAL OPERATING EXPENSE                $    345,961                              $     63,359 
      
       46  DEPRECIATION-MACHINERY                          30,442                                     8,899 
       47  DEPRECIATION-BUILDINGS                           2,809                                     1,029 
       48     TOTAL FARM EXPENSE                     $    379,213                              $     73,286 
      
       49     NET FARM INCOME                        $    -11,416                              $     20,258 
      
       50  UNPAID FAMILY LABOR                                                                        3,150 
       51  UNPAID OPERATOR LABOR                           30,115                                    26,190 
       52  MANAGEMENT CHARGE                                5,854                                     6,618 
       53  CURRENT ASSET CHARGE - 8%                       12,589                                    10,565 
       54  NONCURRENT ASSET CHARGE - 8%                    71,450                                    69,521 
       55  RETURN LABOR-MANAGEMENT                        -95,454                                   -62,978 
       56  RETURN TO CAPITAL                              -25,911                                   -10,155 
       57  ASSET TURNOVER RATIO                             .2529                                     .0832 
       58  OPERATING PROFIT MARGIN RATIO                   -.0704                                    -.1086 
       59  % RETURN ON ASSETS                              -.0178                                    -.0090 
       60  % RETURN ON EQUITY                              -.0451                                    -.0157 
       61  TOTAL EXPENSE RATIO                             1.0310                                     .7834 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1288                                    1.1678 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.3573                                    2.0240 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          302,671               314,395             147,211               171,633    
       65  NONCURRENT ASSETS                     1,113,850             1,177,919             959,837               971,236    
       66  CURRENT LIABILITIES                     123,473               178,877              28,991                25,723    
       67  NONCURRENT LIABILITIES                  238,287               267,240              98,032                95,006    
       68  CURRENT RATIO                              2.45                  1.76                5.08                  6.67    
       69  DEBT TO ASSET RATIO                         .26                   .30                 .11                   .11    
      
       2005 DATA - SW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                              SINGLE - OWNER  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              40,627                                    57,512 
       71  MACHINERY AND EQUIPMENT                        147,404                                    31,147 
       72  MOTOR VEHICLES & LISTED PROPE                  135,466                                    57,738 
       73  BUILDINGS                                       35,835                                    11,998 
       74  OWNED LAND                                     793,239                                   822,496 
       75  TOTAL ASSETS                                 1,454,417                                 1,124,958 
       76  NET WORTH                                    1,050,478                                 1,001,082 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.11                                       .97 
       78  NUMBER OF WORKERS                                 2.28                                      1.17 
       79  TOTAL WORK DAYS                                    325                                        93 
       80  VALUE FARM PRODUCTION/WORKER                   160,989                                    79,953 
       81  NET FARM INCOME/WORKER                          -4,997                                    17,315 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,303,960                                 1,159,751 
       83  VALUE OF FARM PRODUCTION                       329,749                                    96,438 
       84  NET FARM INCOME                                -10,235                                    20,885 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           16.76                                      7.88 
       86  % TILLABLE LAND                                  66.33                                     56.37 
       87  CROP MACH COST/TOT EXPENSE(%)                    25.52                                     36.43 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     3362    26   2281    23   1589    22       1872    10   1872    10     
       89  NON-IRRIGATED CROP ACRES        1930    25   1016    23   1244    20       1080     9   1080     9     
       90  IRRIGATED CROP ACRES             512    19    384    14    395    11     
       91  TOTAL CROP ACRES                2230    26   1250    23   1392    21       1172     9   1172     9     
       92  PASTURE ACRES                   2444    12   2623     9    818     7       1011     8   1011     8     
       93  FARMSTEAD ACRES    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2230          1395                        1055           417  
       95  CROP MACHINERY INVESTMENT          248,930        111.63        178.47         68,034         64.49        163.21  
       96  CROP MACHINERY COST                 96,779         43.40         69.39         26,702         25.31         64.06  
       97  GROSS CROP VALUE                   312,974        140.35        224.39        133,363        126.41        319.93  
       98  CROP PRODUCTION COSTS              299,713        134.41        214.88         55,956         53.04        134.24  
      
       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                   12    439    265    68.1   373    65.9   
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           24    754    433    38.3   556    37.4      7    407    407    44.5    
      104  OTHER CROPS  
      105  ALFALFA
      106  OTHER HAY & FORAGE              10    299    387            70     
      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    263    267   171.7     
      111  GRAIN SORGHUM                    9    170    162    98.9   120    95.8   
      112  SOYBEANS                         4    205  
      113  SUNFLOWERS   
      114  WHEAT                           11    247    184    45.9   287    41.3   
      115  OTHER CROPS  
      116  ALFALFA                          4    325  
      117  OTHER HAY & FORAGE 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           22                                         8 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                       163                                        52 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - SW KANSAS  
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                      SINGLE - PARTOWNER                           SINGLE - TENANT 
                                                         72 FARMS                                   7 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            33,248                                     1,506 
        2  DAIRY AND MILK                                   3,352                                       -23 
        3  SHEEP                                               26                                    27,420 
        4  SWINE                                              -14 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -2,465                                       714 
        7  CUSTOM FEEDING                                   4,407 
        8  FEED PURCHASED                                  -8,685                                    -7,770 
        9     LIVESTOCK INCOME                       $     29,869                              $     21,847 
      
       10  CORN                                            31,630                                     8,303 
       11  GRAIN SORGHUM                                   14,359                                     7,568 
       12  SOYBEANS                                         8,116 
       13  SUNFLOWERS                                         276 
       14  WHEAT                                           54,880                                    36,303 
       15  HAY AND FORAGE                                   8,875                                     2,706 
       16  OTHER CROP                                          72                                      -346 
       17  GOVERNMENT PAYMENTS                             48,609                                    43,529 
       18  CROP INSURANCE PROCEEDS                          6,194                                     3,421 
       19  OTHER INCOME                                    12,875                                     8,726 
       20     VALUE OF FARM PRODUCTION               $    215,753                              $    132,057 
      
       21  HIRED LABOR                                      9,983                                     4,495 
       22  MACHINERY REPAIRS                               18,054                                    11,129 
       23  IRRIGATION REPAIRS                               1,722                                       772 
       24  BUILDING REPAIRS                                   833                                       516 
       25  INTEREST PAID                                   13,002                                     5,952 
       26  SEED-OTHER CROP EXPENSE                         10,899                                     5,644 
       27  CROP INSURANCE                                   5,681                                     4,482 
       28  FERTILIZER-LIME                                 22,295                                    12,101 
       29  MACHINE HIRE                                    15,681                                    15,072 
       30  ORGANIZATION FEE, PUBLICATION                    2,808                                     1,485 
       31  VET-MED-DRUGS                                    3,239                                       505 
       32  CROP STORAGE-MARKETING                             675                                       391 
       33  LIVESTOCK MARKETING-BREEDING                       756                                        10 
       34  DAIRY EXPENSE                                       39                                        14 
       35  GAS-FUEL-OIL                                    15,199                                     7,765 
       36  IRRIGATION ENERGY                               10,166                                     5,443 
       37  REAL ESTATE TAXES                                5,149 
       38  PERSONAL PROPERTY TAXES                            920                                       865 
       39  GENERAL FARM INSURANCE                           4,154                                     2,252 
       40  UTILITIES                                        3,576                                     2,164 
       41  CASH FARM RENT                                   6,193                                     2,219 
       42  HERBICIDE-INSECTICIDE                           17,139                                     7,282 
       43  CONSERVATION                                       188 
       44  AUTO EXPENSE                                     1,137                                       566 
       45     TOTAL OPERATING EXPENSE                $    169,489                              $     91,126 
      
       46  DEPRECIATION-MACHINERY                          15,683                                     5,098 
       47  DEPRECIATION-BUILDINGS                           1,191                                       985 
       48     TOTAL FARM EXPENSE                     $    186,363                              $     97,209 
      
       49     NET FARM INCOME                        $     29,390                              $     34,848 
      
       50  UNPAID FAMILY LABOR                                969                                       964 
       51  UNPAID OPERATOR LABOR                           24,713                                    21,986 
       52  MANAGEMENT CHARGE                                9,144                                     8,401 
       53  CURRENT ASSET CHARGE - 8%                        9,681                                      -661 
       54  NONCURRENT ASSET CHARGE - 8%                    42,621                                     4,546 
       55  RETURN LABOR-MANAGEMENT                        -23,881                                    29,998 
       56  RETURN TO CAPITAL                                7,567                                     9,449 
       57  ASSET TURNOVER RATIO                             .2493                                    1.0073 
       58  OPERATING PROFIT MARGIN RATIO                    .0351                                     .0716 
       59  % RETURN ON ASSETS                               .0087                                     .0721 
       60  % RETURN ON EQUITY                              -.0083                                     .0720 
       61  TOTAL EXPENSE RATIO                              .8638                                     .7361 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0252                                     .9735 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2676                                    1.0029 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          212,839               238,134              51,783                53,727    
       65  NONCURRENT ASSETS                       629,417               650,729              75,174                81,512    
       66  CURRENT LIABILITIES                     100,582               108,357              53,160                68,868    
       67  NONCURRENT LIABILITIES                  105,095               109,520              17,357                25,674    
       68  CURRENT RATIO                              2.12                  2.20                 .97                   .78    
       69  DEBT TO ASSET RATIO                         .24                   .25                 .56                   .70    
      
       2005 DATA - SW KANSAS  
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                      SINGLE - PARTOWNER                           SINGLE - TENANT 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              23,529                                    14,072 
       71  MACHINERY AND EQUIPMENT                         66,873                                    41,754 
       72  MOTOR VEHICLES & LISTED PROPE                   83,613                                    25,875 
       73  BUILDINGS                                       14,166                                     6,891 
       74  OWNED LAND                                     440,909 
       75  TOTAL ASSETS                                   865,560                                   131,098 
       76  NET WORTH                                      653,783                                    48,568 
      
       LABOR
       77  NUMBER OF OPERATORS                                .91                                       .81 
       78  NUMBER OF WORKERS                                 1.29                                      1.11 
       79  TOTAL WORK DAYS                                    225                                       222 
       80  VALUE FARM PRODUCTION/WORKER                   166,676                                   118,513 
       81  NET FARM INCOME/WORKER                          22,705                                    31,274 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   945,680                                   160,998 
       83  VALUE OF FARM PRODUCTION                       235,724                                   162,175 
       84  NET FARM INCOME                                 32,111                                    42,796 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           14.37                                      7.95 
       86  % TILLABLE LAND                                  79.38                                     98.79 
       87  CROP MACH COST/TOT EXPENSE(%)                    34.61                                     37.86 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2165    72    856    72   1327    71       1711     7                1711     7    
       89  NON-IRRIGATED CROP ACRES        1493    71    598    71   1042    61       1556     7                1556     7    
       90  IRRIGATED CROP ACRES             539    33    253    21    499    25     
       91  TOTAL CROP ACRES                1719    72    672    71   1169    65       1691     7                1691     7    
       92  PASTURE ACRES                    679    46    369    37    628    28     
       93  FARMSTEAD ACRES                   34    27     10    26    107     6     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1719          1046                        1691          1074  
       95  CROP MACHINERY INVESTMENT          134,575         78.29        128.65         55,505         32.83         51.69  
       96  CROP MACHINERY COST                 64,492         37.52         61.65         36,802         21.77         34.27  
       97  GROSS CROP VALUE                   225,983        131.47        216.03        175,791        103.97        163.70  
       98  CROP PRODUCTION COSTS              160,072         91.83        150.90         83,714         49.51         77.96  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            11    132                  125    46.8   
      100  GRAIN SORGHUM                   43    236    145    67.8   198    66.7      4    328                  328    70.7  
      101  SOYBEANS     
      102  SUNFLOWERS   
      103  WHEAT                           64    701    240    37.2   534    37.2      7    442                  442    41.5  
      104  OTHER CROPS  
      105  ALFALFA                          8     50     47     3.6     
      106  OTHER HAY & FORAGE              22     72     54            69     
      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                            20    341    169   160.9   355   186.4   
      111  GRAIN SORGHUM                   12    106     78    93.4   120   110.3   
      112  SOYBEANS                        17    184    153    57.1   157    51.7   
      113  SUNFLOWERS   
      114  WHEAT                           15    182    135    43.0   150    57.3   
      115  OTHER CROPS  
      116  ALFALFA                         10    119     83     5.3   122     4.7   
      117  OTHER HAY & FORAGE               9    124    124            63     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                            9                                         2 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        79 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS