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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ACRES *** - 400 *** *** 401 - 850 ***
420 FARMS 437 FARMS
ITEM PER FARM PER FARM
1 BEEF 80,815 69,921
2 DAIRY AND MILK 19,833 16,736
3 SHEEP 241 1,038
4 SWINE 6,486 2,952
5 POULTRY AND EGGS 4,707 570
6 OTHER LIVESTOCK -1,032 -277
7 CUSTOM FEEDING 6,565 5,433
8 FEED PURCHASED -36,065 -24,737
9 LIVESTOCK INCOME $ 81,549 $ 71,635
10 CORN 4,536 20,958
11 GRAIN SORGHUM 1,854 7,631
12 SOYBEANS 6,817 22,746
13 SUNFLOWERS 11 431
14 WHEAT 5,202 20,762
15 HAY AND FORAGE 2,701 7,860
16 OTHER CROP 1,073 1,038
17 GOVERNMENT PAYMENTS 5,339 14,175
18 CROP INSURANCE PROCEEDS 814 3,602
19 OTHER INCOME 6,225 8,159
20 VALUE OF FARM PRODUCTION $ 116,121 $ 178,998
21 HIRED LABOR 4,606 4,781
22 MACHINERY REPAIRS 8,597 14,125
23 IRRIGATION REPAIRS 129 568
24 BUILDING REPAIRS 1,065 1,235
25 INTEREST PAID 8,491 11,035
26 SEED-OTHER CROP EXPENSE 3,054 9,474
27 CROP INSURANCE 705 2,573
28 FERTILIZER-LIME 5,928 14,692
29 MACHINE HIRE 3,951 6,349
30 ORGANIZATION FEE, PUBLICATION 1,576 1,982
31 VET-MED-DRUGS 4,291 2,853
32 CROP STORAGE-MARKETING 158 244
33 LIVESTOCK MARKETING-BREEDING 2,834 4,416
34 DAIRY EXPENSE 1,420 1,333
35 GAS-FUEL-OIL 4,797 8,448
36 IRRIGATION ENERGY 443 1,389
37 REAL ESTATE TAXES 2,793 3,838
38 PERSONAL PROPERTY TAXES 425 530
39 GENERAL FARM INSURANCE 2,605 3,277
40 UTILITIES 3,661 3,037
41 CASH FARM RENT 9,903 12,646
42 HERBICIDE-INSECTICIDE 2,351 7,279
43 CONSERVATION 158 318
44 AUTO EXPENSE 745 827
45 TOTAL OPERATING EXPENSE $ 74,683 $ 117,250
46 DEPRECIATION-MACHINERY 7,813 12,458
47 DEPRECIATION-BUILDINGS 2,008 1,753
48 TOTAL FARM EXPENSE $ 84,504 $ 131,461
49 NET FARM INCOME $ 31,617 $ 47,537
50 UNPAID FAMILY LABOR 1,002 1,318
51 UNPAID OPERATOR LABOR 20,906 25,548
52 MANAGEMENT CHARGE 7,816 11,190
53 CURRENT ASSET CHARGE - 8% 8,609 9,686
54 NONCURRENT ASSET CHARGE - 8% 19,183 26,391
55 RETURN LABOR-MANAGEMENT 2,822 10,141
56 RETURN TO CAPITAL 10,384 20,516
57 ASSET TURNOVER RATIO .2284 .2749
58 OPERATING PROFIT MARGIN RATIO .0894 .1146
59 % RETURN ON ASSETS .0204 .0315
60 % RETURN ON EQUITY .0055 .0210
61 TOTAL EXPENSE RATIO .7277 .7344
62 ADJUSTED TOTAL EXPENSE RATIO .9837 .9470
63 ECONOMIC TOTAL EXPENSE RATIO 1.2230 1.1486
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 164,848 189,300 181,843 207,348
65 NONCURRENT ASSETS 325,607 337,140 448,254 464,721
66 CURRENT LIABILITIES 64,378 74,532 69,178 77,855
67 NONCURRENT LIABILITIES 90,315 92,850 125,487 127,717
68 CURRENT RATIO 2.56 2.54 2.63 2.66
69 DEBT TO ASSET RATIO .32 .32 .31 .31
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ACRES *** - 400 *** *** 401 - 850 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 48,485 43,542
71 MACHINERY AND EQUIPMENT 27,428 42,141
72 MOTOR VEHICLES & LISTED PROPE 42,106 68,826
73 BUILDINGS 17,849 16,388
74 OWNED LAND 232,533 319,203
75 TOTAL ASSETS 508,447 651,083
76 NET WORTH 347,409 450,965
LABOR
77 NUMBER OF OPERATORS .77 .94
78 NUMBER OF WORKERS .98 1.17
79 TOTAL WORK DAYS 153 215
80 VALUE FARM PRODUCTION/WORKER 117,435 152,987
81 NET FARM INCOME/WORKER 31,975 40,629
PER OPERATOR BASIS
82 TOTAL ASSETS 656,666 688,086
83 VALUE OF FARM PRODUCTION 149,972 189,171
84 NET FARM INCOME 40,833 50,238
OTHER FACTORS
85 % CROP ACRES IRRIGATED 2.68 6.40
86 % TILLABLE LAND 20.42 50.29
87 CROP MACH COST/TOT EXPENSE(%) 17.92 29.09
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1008 414 491 369 751 314 1242 437 569 377 864 403
89 NON-IRRIGATED CROP ACRES 222 374 150 313 153 235 590 433 278 365 401 384
90 IRRIGATED CROP ACRES 127 18 106 12 101 10 273 64 193 38 221 46
91 TOTAL CROP ACRES 226 377 153 314 155 239 625 437 295 368 423 388
92 PASTURE ACRES 905 354 397 309 886 223 822 327 391 274 710 256
93 FARMSTEAD ACRES 52 220 50 206 28 45 52 210 47 189 38 57
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 203 197 625 614
95 CROP MACHINERY INVESTMENT 38,740 190.98 196.92 92,283 147.74 150.32
96 CROP MACHINERY COST 15,141 74.64 76.96 38,242 61.22 62.29
97 GROSS CROP VALUE 39,579 181.18 186.81 124,909 199.98 203.47
98 CROP PRODUCTION COSTS 35,616 166.38 171.55 87,929 140.13 142.57
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 133 64 52 126.1 54 134.3 221 139 81 132.6 108 134.9
100 GRAIN SORGHUM 125 63 51 84.6 48 81.4 249 137 89 83.1 103 85.0
101 SOYBEANS 189 84 63 37.0 65 36.0 297 185 95 38.2 146 38.4
102 SUNFLOWERS 16 65 43 13.5 77 11.4
103 WHEAT 211 92 66 40.4 79 41.7 369 230 119 41.4 176 41.1
104 OTHER CROPS 27 52 67 25 32 76 81 55
105 ALFALFA 104 48 39 3.9 41 3.6 155 70 50 3.6 66 4.4
106 OTHER HAY & FORAGE 241 92 63 84 253 123 73 99
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 10 75 83 200.3 42 179.1 42 196 145 197.8 154 198.6
111 GRAIN SORGHUM 5 80 72 73.8 14 56 48 85.4
112 SOYBEANS 7 96 92 58.4 37 106 112 45.2 76 54.9
113 SUNFLOWERS
114 WHEAT 18 113 69 36.1 119 45.4
115 OTHER CROPS
116 ALFALFA 4 66 11 146 117 5.7 150 4.5
117 OTHER HAY & FORAGE 9 109 46 110
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 45 37
122 DAIRY COWS 6 4
123 EWES 2 4
124 SOWS 4 1
125 BEEF PURCH. FOR RESALE SALES 134 80
126 SWINE PURCH. FOR RESALE SALES 12 14
127 TURKEYS 2,726 305
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ACRES *** 851 - 1300 *** *** 1301 - 1750 ***
383 FARMS 238 FARMS
ITEM PER FARM PER FARM
1 BEEF 57,808 73,858
2 DAIRY AND MILK 7,362 11,657
3 SHEEP 131 222
4 SWINE 14,156 2,992
5 POULTRY AND EGGS 1,379 2
6 OTHER LIVESTOCK 1,068 -415
7 CUSTOM FEEDING 1,333 2,495
8 FEED PURCHASED -18,881 -23,994
9 LIVESTOCK INCOME $ 64,357 $ 66,818
10 CORN 33,588 57,955
11 GRAIN SORGHUM 15,006 19,964
12 SOYBEANS 36,095 53,001
13 SUNFLOWERS 572 1,377
14 WHEAT 39,526 50,199
15 HAY AND FORAGE 11,342 9,944
16 OTHER CROP 2,301 2,630
17 GOVERNMENT PAYMENTS 23,615 33,090
18 CROP INSURANCE PROCEEDS 7,145 12,626
19 OTHER INCOME 11,619 18,886
20 VALUE OF FARM PRODUCTION $ 245,167 $ 326,491
21 HIRED LABOR 8,360 10,212
22 MACHINERY REPAIRS 19,112 24,057
23 IRRIGATION REPAIRS 772 1,400
24 BUILDING REPAIRS 1,644 1,982
25 INTEREST PAID 12,818 18,274
26 SEED-OTHER CROP EXPENSE 16,094 23,180
27 CROP INSURANCE 5,187 7,224
28 FERTILIZER-LIME 24,493 32,466
29 MACHINE HIRE 8,075 12,601
30 ORGANIZATION FEE, PUBLICATION 2,735 3,287
31 VET-MED-DRUGS 2,766 3,318
32 CROP STORAGE-MARKETING 1,198 1,554
33 LIVESTOCK MARKETING-BREEDING 2,825 1,672
34 DAIRY EXPENSE 332 863
35 GAS-FUEL-OIL 12,327 16,235
36 IRRIGATION ENERGY 2,994 5,687
37 REAL ESTATE TAXES 4,201 4,867
38 PERSONAL PROPERTY TAXES 796 893
39 GENERAL FARM INSURANCE 4,309 5,313
40 UTILITIES 3,896 4,304
41 CASH FARM RENT 14,757 17,234
42 HERBICIDE-INSECTICIDE 13,300 18,509
43 CONSERVATION 434 407
44 AUTO EXPENSE 957 834
45 TOTAL OPERATING EXPENSE $ 164,383 $ 216,374
46 DEPRECIATION-MACHINERY 18,408 25,119
47 DEPRECIATION-BUILDINGS 2,001 2,080
48 TOTAL FARM EXPENSE $ 184,791 $ 243,573
49 NET FARM INCOME $ 60,375 $ 82,918
50 UNPAID FAMILY LABOR 1,586 2,203
51 UNPAID OPERATOR LABOR 27,282 29,292
52 MANAGEMENT CHARGE 14,048 18,644
53 CURRENT ASSET CHARGE - 8% 10,662 12,339
54 NONCURRENT ASSET CHARGE - 8% 29,065 36,998
55 RETURN LABOR-MANAGEMENT 19,062 31,378
56 RETURN TO CAPITAL 30,277 51,054
57 ASSET TURNOVER RATIO .3316 .3457
58 OPERATING PROFIT MARGIN RATIO .1235 .1564
59 % RETURN ON ASSETS .0410 .0541
60 % RETURN ON EQUITY .0352 .0532
61 TOTAL EXPENSE RATIO .7537 .7460
62 ADJUSTED TOTAL EXPENSE RATIO .9288 .8996
63 ECONOMIC TOTAL EXPENSE RATIO 1.0908 1.0507
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 199,530 227,210 256,122 292,443
65 NONCURRENT ASSETS 516,046 535,951 650,334 689,719
66 CURRENT LIABILITIES 79,204 80,993 114,291 125,795
67 NONCURRENT LIABILITIES 159,659 165,709 202,627 212,472
68 CURRENT RATIO 2.52 2.81 2.24 2.32
69 DEBT TO ASSET RATIO .33 .32 .35 .34
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ACRES *** 851 - 1300 *** *** 1301 - 1750 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 42,108 41,221
71 MACHINERY AND EQUIPMENT 57,977 83,686
72 MOTOR VEHICLES & LISTED PROPE 99,228 128,463
73 BUILDINGS 19,054 21,625
74 OWNED LAND 336,884 412,916
75 TOTAL ASSETS 739,368 944,309
76 NET WORTH 496,585 616,716
LABOR
77 NUMBER OF OPERATORS 1.01 1.08
78 NUMBER OF WORKERS 1.35 1.50
79 TOTAL WORK DAYS 295 380
80 VALUE FARM PRODUCTION/WORKER 180,505 216,750
81 NET FARM INCOME/WORKER 44,452 55,048
PER OPERATOR BASIS
82 TOTAL ASSETS 731,726 870,432
83 VALUE OF FARM PRODUCTION 242,633 300,949
84 NET FARM INCOME 59,751 76,431
OTHER FACTORS
85 % CROP ACRES IRRIGATED 8.18 11.63
86 % TILLABLE LAND 62.80 72.51
87 CROP MACH COST/TOT EXPENSE(%) 31.90 31.97
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1707 383 708 324 1140 372 2077 238 761 205 1484 228
89 NON-IRRIGATED CROP ACRES 989 381 411 316 685 361 1331 238 468 199 989 226
90 IRRIGATED CROP ACRES 420 80 183 46 393 64 425 98 257 52 368 77
91 TOTAL CROP ACRES 1072 383 435 318 742 367 1506 238 533 200 1115 226
92 PASTURE ACRES 872 267 386 215 713 210 740 173 327 134 668 126
93 FARMSTEAD ACRES 62 168 53 156 52 43 80 99 61 92 65 36
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1072 1037 1506 1417
95 CROP MACHINERY INVESTMENT 140,105 130.70 135.12 191,588 127.19 135.23
96 CROP MACHINERY COST 58,944 54.99 56.84 77,876 51.70 54.97
97 GROSS CROP VALUE 211,515 197.32 203.98 299,140 198.60 211.14
98 CROP PRODUCTION COSTS 144,586 134.88 139.44 195,487 129.78 137.98
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 187 244 123 130.8 185 126.4 118 314 169 131.7 226 126.0
100 GRAIN SORGHUM 240 216 103 87.7 171 85.3 160 292 125 85.8 243 82.9
101 SOYBEANS 239 315 143 37.5 236 36.4 148 425 184 38.9 328 38.4
102 SUNFLOWERS 12 79 89 14.8 33 13.0 16 101 46 16.4 99 14.9
103 WHEAT 348 416 172 40.3 313 39.9 221 537 194 37.4 430 37.6
104 OTHER CROPS 32 122 125 107 16 68 64 50
105 ALFALFA 149 97 55 3.5 100 5.2 86 91 43 3.8 95 4.0
106 OTHER HAY & FORAGE 196 129 78 99 118 148 92 119
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 54 261 110 193.6 253 193.1 79 257 152 180.3 250 197.4
111 GRAIN SORGHUM 18 116 89 127.8 117 92.8 23 86 82 125.9 82 118.3
112 SOYBEANS 46 164 100 51.0 156 51.1 54 176 99 50.3 171 56.3
113 SUNFLOWERS 5 120 122 18.4 7 146 84 14.4
114 WHEAT 32 184 106 40.2 169 45.7 39 133 134 35.6 117 39.8
115 OTHER CROPS 9 137 49 115 7 137 150
116 ALFALFA 14 174 111 4.4 121 5.1 14 199 100 5.5 298 3.7
117 OTHER HAY & FORAGE 13 78 63 71 20 115 98 120
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 34 35
122 DAIRY COWS 1 3
123 EWES 1
124 SOWS 7 2
125 BEEF PURCH. FOR RESALE SALES 67 120
126 SWINE PURCH. FOR RESALE SALES 65
127 TURKEYS 173
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ACRES *** 1751 - 2250 *** *** 2251 - 2750 ***
154 FARMS 111 FARMS
ITEM PER FARM PER FARM
1 BEEF 86,862 72,475
2 DAIRY AND MILK 14,425 22,112
3 SHEEP 1,866 -4
4 SWINE 11,971 2,353
5 POULTRY AND EGGS 6 253
6 OTHER LIVESTOCK -605 -16
7 CUSTOM FEEDING 32,840 14,924
8 FEED PURCHASED -48,245 -31,198
9 LIVESTOCK INCOME $ 99,119 $ 80,900
10 CORN 81,336 97,010
11 GRAIN SORGHUM 30,021 23,949
12 SOYBEANS 80,191 58,595
13 SUNFLOWERS 551 3,567
14 WHEAT 63,816 75,635
15 HAY AND FORAGE 13,018 8,168
16 OTHER CROP 5,645 5,617
17 GOVERNMENT PAYMENTS 45,507 48,258
18 CROP INSURANCE PROCEEDS 11,512 27,573
19 OTHER INCOME 28,221 27,390
20 VALUE OF FARM PRODUCTION $ 458,937 $ 456,662
21 HIRED LABOR 20,745 25,245
22 MACHINERY REPAIRS 34,494 33,393
23 IRRIGATION REPAIRS 1,416 2,366
24 BUILDING REPAIRS 1,934 2,409
25 INTEREST PAID 23,749 20,699
26 SEED-OTHER CROP EXPENSE 33,529 32,436
27 CROP INSURANCE 10,716 11,977
28 FERTILIZER-LIME 44,564 47,396
29 MACHINE HIRE 14,253 16,915
30 ORGANIZATION FEE, PUBLICATION 3,906 3,749
31 VET-MED-DRUGS 4,743 5,774
32 CROP STORAGE-MARKETING 2,492 2,417
33 LIVESTOCK MARKETING-BREEDING 3,702 3,566
34 DAIRY EXPENSE 631 1,071
35 GAS-FUEL-OIL 20,451 21,829
36 IRRIGATION ENERGY 5,557 11,780
37 REAL ESTATE TAXES 6,162 5,592
38 PERSONAL PROPERTY TAXES 1,440 1,255
39 GENERAL FARM INSURANCE 7,367 6,957
40 UTILITIES 6,655 6,046
41 CASH FARM RENT 29,862 26,509
42 HERBICIDE-INSECTICIDE 27,571 28,350
43 CONSERVATION 821 421
44 AUTO EXPENSE 800 881
45 TOTAL OPERATING EXPENSE $ 307,560 $ 319,033
46 DEPRECIATION-MACHINERY 34,882 35,756
47 DEPRECIATION-BUILDINGS 3,807 3,596
48 TOTAL FARM EXPENSE $ 346,249 $ 358,386
49 NET FARM INCOME $ 112,688 $ 98,276
50 UNPAID FAMILY LABOR 2,849 2,412
51 UNPAID OPERATOR LABOR 33,294 31,573
52 MANAGEMENT CHARGE 25,321 22,916
53 CURRENT ASSET CHARGE - 8% 16,197 12,987
54 NONCURRENT ASSET CHARGE - 8% 42,101 44,781
55 RETURN LABOR-MANAGEMENT 51,542 38,096
56 RETURN TO CAPITAL 74,973 62,074
57 ASSET TURNOVER RATIO .3942 .4066
58 OPERATING PROFIT MARGIN RATIO .1634 .1359
59 % RETURN ON ASSETS .0644 .0553
60 % RETURN ON EQUITY .0703 .0573
61 TOTAL EXPENSE RATIO .7545 .7848
62 ADJUSTED TOTAL EXPENSE RATIO .8884 .9094
63 ECONOMIC TOTAL EXPENSE RATIO 1.0154 1.0359
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 335,877 391,419 314,876 342,370
65 NONCURRENT ASSETS 773,312 827,744 772,594 816,216
66 CURRENT LIABILITIES 150,091 172,287 165,703 166,861
67 NONCURRENT LIABILITIES 263,289 285,249 224,338 244,946
68 CURRENT RATIO 2.24 2.27 1.90 2.05
69 DEBT TO ASSET RATIO .37 .38 .36 .36
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ACRES *** 1751 - 2250 *** *** 2251 - 2750 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 44,857 44,899
71 MACHINERY AND EQUIPMENT 113,270 117,411
72 MOTOR VEHICLES & LISTED PROPE 176,578 169,574
73 BUILDINGS 37,409 36,465
74 OWNED LAND 453,342 442,756
75 TOTAL ASSETS 1,164,176 1,123,028
76 NET WORTH 728,718 722,104
LABOR
77 NUMBER OF OPERATORS 1.23 1.16
78 NUMBER OF WORKERS 2.06 2.08
79 TOTAL WORK DAYS 508 540
80 VALUE FARM PRODUCTION/WORKER 222,393 219,245
81 NET FARM INCOME/WORKER 54,607 47,183
PER OPERATOR BASIS
82 TOTAL ASSETS 944,092 960,371
83 VALUE OF FARM PRODUCTION 372,177 390,520
84 NET FARM INCOME 91,385 84,042
OTHER FACTORS
85 % CROP ACRES IRRIGATED 9.69 12.09
86 % TILLABLE LAND 74.38 83.87
87 CROP MACH COST/TOT EXPENSE(%) 29.99 30.88
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2663 154 944 125 1935 151 2946 111 968 91 2172 110
89 NON-IRRIGATED CROP ACRES 1789 154 611 121 1352 149 2172 111 679 89 1642 110
90 IRRIGATED CROP ACRES 558 53 273 27 516 43 572 58 295 34 454 51
91 TOTAL CROP ACRES 1981 154 667 122 1481 151 2471 111 783 90 1852 110
92 PASTURE ACRES 820 114 332 89 779 82 769 65 333 48 630 54
93 FARMSTEAD ACRES 161 72 114 62 152 30 59 46 40 40 64 17
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1981 1901 2471 2067
95 CROP MACHINERY INVESTMENT 257,116 129.81 135.28 260,988 105.63 126.27
96 CROP MACHINERY COST 103,837 52.43 54.63 110,657 44.79 53.54
97 GROSS CROP VALUE 431,055 217.63 226.79 428,990 173.63 207.56
98 CROP PRODUCTION COSTS 271,912 136.39 142.13 289,931 117.35 140.28
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 96 423 232 146.5 301 139.6 51 535 214 111.8 449 120.2
100 GRAIN SORGHUM 105 379 172 93.9 329 88.9 74 374 140 75.8 324 68.1
101 SOYBEANS 111 571 230 39.4 446 38.9 47 617 232 39.6 509 40.3
102 SUNFLOWERS 7 98 80 12.4 13 200 175 10.9
103 WHEAT 142 678 238 40.4 557 39.2 107 888 291 30.9 698 30.6
104 OTHER CROPS 11 175 111 196
105 ALFALFA 52 160 68 3.4 149 4.1 23 169 116 4.3 146 3.9
106 OTHER HAY & FORAGE 73 151 72 137 45 165 102 124
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 43 330 192 199.1 318 195.9 35 379 218 204.6 369 205.3
111 GRAIN SORGHUM 8 146 154 100.5 19 115 108 90.3 85 109.9
112 SOYBEANS 39 210 138 52.0 190 53.2 36 198 120 47.0 168 50.5
113 SUNFLOWERS 5 135 120 9.9 6 182 130 14.7
114 WHEAT 16 187 124 29.0 208 47.6 33 227 170 35.3 216 40.6
115 OTHER CROPS
116 ALFALFA 8 153 160 6.0 10 181 111 5.2 132 5.4
117 OTHER HAY & FORAGE 14 132 87 132 15 136 141 77
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 33 16
122 DAIRY COWS 4 5
123 EWES
124 SOWS 7
125 BEEF PURCH. FOR RESALE SALES 123 111
126 SWINE PURCH. FOR RESALE SALES 3 25
127 TURKEYS
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ACRES *** 2751 - 3250 *** *** 3251 - ***
52 FARMS 89 FARMS
ITEM PER FARM PER FARM
1 BEEF 139,682 66,382
2 DAIRY AND MILK -409 9,371
3 SHEEP 5 -2
4 SWINE 108,566 40,314
5 POULTRY AND EGGS 1 261
6 OTHER LIVESTOCK -7,269 -844
7 CUSTOM FEEDING 10,619 7,664
8 FEED PURCHASED -125,863 -31,982
9 LIVESTOCK INCOME $ 125,332 $ 91,164
10 CORN 158,225 198,666
11 GRAIN SORGHUM 32,282 50,518
12 SOYBEANS 80,121 89,984
13 SUNFLOWERS 4,553 4,746
14 WHEAT 85,936 110,686
15 HAY AND FORAGE 13,295 12,522
16 OTHER CROP 5,689 17,990
17 GOVERNMENT PAYMENTS 57,558 94,316
18 CROP INSURANCE PROCEEDS 32,597 74,832
19 OTHER INCOME 23,316 57,341
20 VALUE OF FARM PRODUCTION $ 618,904 $ 802,766
21 HIRED LABOR 37,314 60,226
22 MACHINERY REPAIRS 43,991 54,485
23 IRRIGATION REPAIRS 2,518 5,997
24 BUILDING REPAIRS 3,856 4,170
25 INTEREST PAID 37,224 33,011
26 SEED-OTHER CROP EXPENSE 44,179 71,950
27 CROP INSURANCE 17,853 20,907
28 FERTILIZER-LIME 58,117 78,470
29 MACHINE HIRE 22,577 41,035
30 ORGANIZATION FEE, PUBLICATION 5,180 6,906
31 VET-MED-DRUGS 6,046 4,074
32 CROP STORAGE-MARKETING 2,491 7,712
33 LIVESTOCK MARKETING-BREEDING 4,067 1,846
34 DAIRY EXPENSE 168 535
35 GAS-FUEL-OIL 29,008 37,212
36 IRRIGATION ENERGY 14,406 29,684
37 REAL ESTATE TAXES 6,533 7,983
38 PERSONAL PROPERTY TAXES 1,331 2,048
39 GENERAL FARM INSURANCE 9,397 12,109
40 UTILITIES 9,935 9,397
41 CASH FARM RENT 30,013 38,649
42 HERBICIDE-INSECTICIDE 42,644 56,614
43 CONSERVATION 672 698
44 AUTO EXPENSE 882 1,509
45 TOTAL OPERATING EXPENSE $ 430,403 $ 587,226
46 DEPRECIATION-MACHINERY 44,818 59,785
47 DEPRECIATION-BUILDINGS 5,459 7,158
48 TOTAL FARM EXPENSE $ 480,679 $ 654,169
49 NET FARM INCOME $ 138,224 $ 148,597
50 UNPAID FAMILY LABOR 2,337 1,871
51 UNPAID OPERATOR LABOR 33,075 34,160
52 MANAGEMENT CHARGE 33,820 35,709
53 CURRENT ASSET CHARGE - 8% 11,195 23,310
54 NONCURRENT ASSET CHARGE - 8% 52,591 68,063
55 RETURN LABOR-MANAGEMENT 72,102 55,354
56 RETURN TO CAPITAL 106,216 109,869
57 ASSET TURNOVER RATIO .4065 .4417
58 OPERATING PROFIT MARGIN RATIO .1716 .1369
59 % RETURN ON ASSETS .0698 .0605
60 % RETURN ON EQUITY .0865 .0673
61 TOTAL EXPENSE RATIO .7767 .8149
62 ADJUSTED TOTAL EXPENSE RATIO .8885 .9043
63 ECONOMIC TOTAL EXPENSE RATIO .9916 1.0181
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 457,656 505,245 488,544 538,422
65 NONCURRENT ASSETS 1,006,096 1,076,149 1,258,038 1,349,896
66 CURRENT LIABILITIES 331,154 351,870 205,271 238,954
67 NONCURRENT LIABILITIES 370,316 397,153 437,858 468,511
68 CURRENT RATIO 1.38 1.44 2.38 2.25
69 DEBT TO ASSET RATIO .48 .47 .37 .37
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ACRES *** 2751 - 3250 *** *** 3251 - ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 50,885 45,006
71 MACHINERY AND EQUIPMENT 150,585 198,306
72 MOTOR VEHICLES & LISTED PROPE 213,078 268,476
73 BUILDINGS 68,024 68,155
74 OWNED LAND 567,272 720,313
75 TOTAL ASSETS 1,522,573 1,817,450
76 NET WORTH 797,326 1,142,153
LABOR
77 NUMBER OF OPERATORS 1.22 1.26
78 NUMBER OF WORKERS 2.46 2.88
79 TOTAL WORK DAYS 715 868
80 VALUE FARM PRODUCTION/WORKER 251,430 278,109
81 NET FARM INCOME/WORKER 56,154 51,480
PER OPERATOR BASIS
82 TOTAL ASSETS 1,242,917 1,436,528
83 VALUE OF FARM PRODUCTION 505,227 634,513
84 NET FARM INCOME 112,836 117,452
OTHER FACTORS
85 % CROP ACRES IRRIGATED 15.75 13.64
86 % TILLABLE LAND 84.41 87.64
87 CROP MACH COST/TOT EXPENSE(%) 29.23 29.50
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 3512 52 1045 47 2567 52 5175 89 1615 70 3905 89
89 NON-IRRIGATED CROP ACRES 2497 52 615 47 1942 52 4029 89 1186 70 3096 89
90 IRRIGATED CROP ACRES 1012 24 340 15 834 23 1197 46 510 28 927 44
91 TOTAL CROP ACRES 2964 52 723 47 2310 52 4536 89 1390 70 3442 89
92 PASTURE ACRES 748 34 471 27 605 21 1102 46 416 31 1220 31
93 FARMSTEAD ACRES 121 25 96 25 69 9 178 35 94 30 215 16
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 2964 2706 4536 3926
95 CROP MACHINERY INVESTMENT 326,577 110.16 120.67 445,407 98.20 113.44
96 CROP MACHINERY COST 140,512 47.40 51.92 193,007 42.55 49.16
97 GROSS CROP VALUE 590,405 199.16 218.15 748,622 165.05 190.67
98 CROP PRODUCTION COSTS 379,942 128.17 140.39 557,173 122.84 141.91
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 35 628 216 104.8 549 114.3 53 923 380 85.0 722 95.0
100 GRAIN SORGHUM 36 534 165 82.2 464 77.0 56 815 351 55.3 612 62.0
101 SOYBEANS 25 746 207 31.6 589 35.5 37 1261 481 27.2 1015 30.2
102 SUNFLOWERS 6 265 113 12.6 171 13.0 8 277 279 11.8
103 WHEAT 51 934 259 35.5 777 34.0 89 1512 431 24.8 1206 26.6
104 OTHER CROPS 4 68 8 579 209 633
105 ALFALFA 15 183 72 3.2 184 4.1 11 167 97 3.9 161 4.2
106 OTHER HAY & FORAGE 19 155 118 130 28 296 79 353
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 21 548 233 203.2 471 205.2 37 755 288 195.6 608 198.2
111 GRAIN SORGHUM 7 143 139 91.0 15 256 259 112.8 212 114.0
112 SOYBEANS 16 414 183 52.5 356 49.5 29 345 227 48.7 255 50.9
113 SUNFLOWERS 6 124 124 16.0 4 181 121 23.1
114 WHEAT 15 282 155 33.6 230 50.5 29 329 188 37.1 276 43.7
115 OTHER CROPS 4 295 264
116 ALFALFA 4 222 5 203 143 4.7
117 OTHER HAY & FORAGE 6 69 53 13 192 136 177
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 36 24
122 DAIRY COWS 2
123 EWES
124 SOWS 44
125 BEEF PURCH. FOR RESALE SALES 290 114
126 SWINE PURCH. FOR RESALE SALES
127 TURKEYS
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