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       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY ADJ. TOTAL EXPENSE RATIO                HIGH 25%                                HIGH MIDDLE
                                                        471 FARMS                                 471 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            25,953                                    52,387 
        2  DAIRY AND MILK                                   2,343                                    14,341 
        3  SHEEP                                              252                                       116 
        4  SWINE                                              666                                     2,467 
        5  POULTRY AND EGGS                                   828                                     2,463 
        6  OTHER LIVESTOCK                                   -112                                      -893 
        7  CUSTOM FEEDING                                   1,536                                     4,339 
        8  FEED PURCHASED                                  -8,696                                   -18,722 
        9     LIVESTOCK INCOME                       $     22,770                              $     56,498 
      
       10  CORN                                            12,540                                    40,003 
       11  GRAIN SORGHUM                                    7,069                                    13,402 
       12  SOYBEANS                                        10,811                                    28,075 
       13  SUNFLOWERS                                         355                                       780 
       14  WHEAT                                           24,649                                    38,467 
       15  HAY AND FORAGE                                   4,763                                     9,860 
       16  OTHER CROP                                       1,647                                     3,043 
       17  GOVERNMENT PAYMENTS                             14,518                                    24,112 
       18  CROP INSURANCE PROCEEDS                          6,282                                    12,801 
       19  OTHER INCOME                                     5,353                                    13,477 
       20     VALUE OF FARM PRODUCTION               $    110,757                              $    240,518 
      
       21  HIRED LABOR                                      6,607                                    11,997 
       22  MACHINERY REPAIRS                               13,517                                    21,304 
       23  IRRIGATION REPAIRS                                 789                                     1,492 
       24  BUILDING REPAIRS                                 1,085                                     1,652 
       25  INTEREST PAID                                    9,540                                    15,948 
       26  SEED-OTHER CROP EXPENSE                          8,697                                    18,061 
       27  CROP INSURANCE                                   2,946                                     5,950 
       28  FERTILIZER-LIME                                 14,308                                    25,296 
       29  MACHINE HIRE                                     6,340                                    10,296 
       30  ORGANIZATION FEE, PUBLICATION                    2,177                                     2,711 
       31  VET-MED-DRUGS                                    1,180                                     3,229 
       32  CROP STORAGE-MARKETING                             627                                       971 
       33  LIVESTOCK MARKETING-BREEDING                     1,107                                     2,507 
       34  DAIRY EXPENSE                                      122                                       819 
       35  GAS-FUEL-OIL                                     8,703                                    12,926 
       36  IRRIGATION ENERGY                                2,398                                     6,555 
       37  REAL ESTATE TAXES                                3,253                                     4,467 
       38  PERSONAL PROPERTY TAXES                            582                                       800 
       39  GENERAL FARM INSURANCE                           3,344                                     4,763 
       40  UTILITIES                                        3,021                                     4,672 
       41  CASH FARM RENT                                   8,472                                    16,106 
       42  HERBICIDE-INSECTICIDE                            7,648                                    15,831 
       43  CONSERVATION                                       155                                       322 
       44  AUTO EXPENSE                                       885                                       812 
       45     TOTAL OPERATING EXPENSE                $    107,503                              $    189,486 
      
       46  DEPRECIATION-MACHINERY                          11,745                                    19,431 
       47  DEPRECIATION-BUILDINGS                           1,185                                     2,549 
       48     TOTAL FARM EXPENSE                     $    120,434                              $    211,466 
      
       49     NET FARM INCOME                        $     -9,677                              $     29,052 
      
       50  UNPAID FAMILY LABOR                              1,266                                     1,600 
       51  UNPAID OPERATOR LABOR                           24,541                                    25,980 
       52  MANAGEMENT CHARGE                                1,687                                     9,171 
       53  CURRENT ASSET CHARGE - 8%                        5,625                                     8,594 
       54  NONCURRENT ASSET CHARGE - 8%                    23,096                                    29,007 
       55  RETURN LABOR-MANAGEMENT                        -39,664                                   -10,149 
       56  RETURN TO CAPITAL                              -27,631                                     8,249 
       57  ASSET TURNOVER RATIO                             .2103                                     .3194 
       58  OPERATING PROFIT MARGIN RATIO                   -.2495                                     .0343 
       59  % RETURN ON ASSETS                              -.0525                                     .0110 
       60  % RETURN ON EQUITY                              -.1035                                    -.0164 
       61  TOTAL EXPENSE RATIO                             1.0874                                     .8792 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.3356                                    1.0320 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.5949                                    1.1883 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          127,041               123,086             199,702               208,739    
       65  NONCURRENT ASSETS                       399,714               403,494             534,512               562,910    
       66  CURRENT LIABILITIES                      51,964                57,541              90,987               102,615    
       67  NONCURRENT LIABILITIES                  109,884               115,919             182,068               190,182    
       68  CURRENT RATIO                              2.44                  2.14                2.19                  2.03    
       69  DEBT TO ASSET RATIO                         .31                   .33                 .37                   .38    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY ADJ. TOTAL EXPENSE RATIO                HIGH 25%                                HIGH MIDDLE
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              27,572                                    44,142 
       71  MACHINERY AND EQUIPMENT                         40,857                                    69,347 
       72  MOTOR VEHICLES & LISTED PROPE                   64,295                                    94,466 
       73  BUILDINGS                                       11,991                                    23,877 
       74  OWNED LAND                                     271,434                                   344,924 
       75  TOTAL ASSETS                                   526,668                                   752,932 
       76  NET WORTH                                      359,014                                   470,006 
      
       LABOR
       77  NUMBER OF OPERATORS                                .90                                       .96 
       78  NUMBER OF WORKERS                                 1.11                                      1.40 
       79  TOTAL WORK DAYS                                    175                                       298 
       80  VALUE FARM PRODUCTION/WORKER                    99,232                                   171,331 
       81  NET FARM INCOME/WORKER                          -8,670                                    20,695 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   579,445                                   782,504 
       83  VALUE OF FARM PRODUCTION                       121,856                                   249,965 
       84  NET FARM INCOME                                -10,647                                    30,193 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.30                                     13.03 
       86  % TILLABLE LAND                                  62.97                                     67.17 
       87  CROP MACH COST/TOT EXPENSE(%)                    34.57                                     29.45 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1315   469    577   397    943   411       1800   470    698   413   1306   427    
       89  NON-IRRIGATED CROP ACRES         783   455    339   368    613   377       1082   457    390   392    851   401    
       90  IRRIGATED CROP ACRES             343    94    190    53    326    68        545   136    268    76    488   110    
       91  TOTAL CROP ACRES                 851   456    364   370    667   380       1233   461    437   396    971   407    
       92  PASTURE ACRES                    646   336    302   284    565   232        738   360    354   300    633   252    
       93  FARMSTEAD ACRES                   54   213     42   200     40    74         51   233     42   213     45    66    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           824           661                        1207          1067  
       95  CROP MACHINERY INVESTMENT           91,732        111.28        138.73        142,661        118.21        133.75  
       96  CROP MACHINERY COST                 41,628         50.50         62.96         62,280         51.61         58.39  
       97  GROSS CROP VALUE                   109,204        129.94        162.00        211,574        172.71        195.41  
       98  CROP PRODUCTION COSTS               96,711        116.32        145.02        162,868        132.95        150.43  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           127    144     81   114.3   127   109.7    211    217     92   118.0   192   117.9  
      100  GRAIN SORGHUM                  249    166     85    72.1   147    71.9    268    264    131    77.1   214    75.2  
      101  SOYBEANS                       215    144     76    30.9   125    32.2    261    261    114    38.1   222    36.6  
      102  SUNFLOWERS                      10    121     91   140.8   133    13.3     17    103     82    16.4    98    13.7  
      103  WHEAT                          375    407    169    34.6   357    34.4    390    487    186    37.4   405    37.2  
      104  OTHER CROPS                     22     52     50            46             43    108     97           106    
      105  ALFALFA                        124     78     55     3.4    73     3.2    156     97     49     3.6   103     3.8  
      106  OTHER HAY & FORAGE             215    106     71            84            263    112     62            97    
      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                            51    204    118   186.7   219   196.4    103    314    169   189.2   295   196.2  
      111  GRAIN SORGHUM                   28     98    107   123.2    75    98.5     37    141    152   113.1   113    97.6  
      112  SOYBEANS                        53    155     97    41.5   155    46.9     77    184    109    51.1   166    51.9  
      113  SUNFLOWERS                       5     68                                  15    130                  120    14.1  
      114  WHEAT                           41    136     95    39.3   133    43.1     66    208    144    33.2   206    49.0  
      115  OTHER CROPS                      6    150                  149             11    153                  160    
      116  ALFALFA                         21    188    103     5.3   187     4.7     22    175    117     4.9   155     4.4  
      117  OTHER HAY & FORAGE              16     80     58            78             36    108     72           113    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           23                                        33 
      122  DAIRY COWS                                           1                                         4 
      123  EWES                                                 2 
      124  SOWS                                                 1                                         3 
      125  BEEF PURCH. FOR RESALE SALES                        25                                        90 
      126  SWINE PURCH. FOR RESALE SALES                                                                  5 
      127  TURKEYS                                            232                                     1,198 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY ADJ. TOTAL EXPENSE RATIO               LOW MIDDLE                                 LOW 25%  
                                                        471 FARMS                                 471 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            88,408                                   127,965 
        2  DAIRY AND MILK                                  16,973                                    23,086 
        3  SHEEP                                              654                                       984 
        4  SWINE                                            4,648                                    37,837 
        5  POULTRY AND EGGS                                 1,650                                     1,018 
        6  OTHER LIVESTOCK                                   -218                                      -459 
        7  CUSTOM FEEDING                                  15,307                                     8,932 
        8  FEED PURCHASED                                 -41,086                                   -57,151 
        9     LIVESTOCK INCOME                       $     86,337                              $    142,212 
      
       10  CORN                                            66,399                                    65,611 
       11  GRAIN SORGHUM                                   20,247                                    18,876 
       12  SOYBEANS                                        45,960                                    64,347 
       13  SUNFLOWERS                                       1,388                                     1,467 
       14  WHEAT                                           47,007                                    40,379 
       15  HAY AND FORAGE                                  11,515                                     7,828 
       16  OTHER CROP                                       3,031                                     4,597 
       17  GOVERNMENT PAYMENTS                             32,252                                    33,384 
       18  CROP INSURANCE PROCEEDS                         13,577                                    11,599 
       19  OTHER INCOME                                    21,860                                    20,514 
       20     VALUE OF FARM PRODUCTION               $    349,573                              $    410,812 
      
       21  HIRED LABOR                                     15,076                                    15,054 
       22  MACHINERY REPAIRS                               26,096                                    21,853 
       23  IRRIGATION REPAIRS                               1,468                                       660 
       24  BUILDING REPAIRS                                 1,977                                     2,134 
       25  INTEREST PAID                                   19,929                                    15,041 
       26  SEED-OTHER CROP EXPENSE                         23,929                                    22,707 
       27  CROP INSURANCE                                   7,364                                     6,872 
       28  FERTILIZER-LIME                                 33,322                                    29,298 
       29  MACHINE HIRE                                    13,871                                    10,733 
       30  ORGANIZATION FEE, PUBLICATION                    3,150                                     3,129 
       31  VET-MED-DRUGS                                    4,746                                     5,594 
       32  CROP STORAGE-MARKETING                           1,996                                     1,649 
       33  LIVESTOCK MARKETING-BREEDING                     4,465                                     4,536 
       34  DAIRY EXPENSE                                    1,369                                     1,478 
       35  GAS-FUEL-OIL                                    16,527                                    14,252 
       36  IRRIGATION ENERGY                                6,199                                     3,634 
       37  REAL ESTATE TAXES                                4,283                                     5,486 
       38  PERSONAL PROPERTY TAXES                            950                                       938 
       39  GENERAL FARM INSURANCE                           5,400                                     5,419 
       40  UTILITIES                                        5,002                                     5,203 
       41  CASH FARM RENT                                  22,570                                    20,752 
       42  HERBICIDE-INSECTICIDE                           19,145                                    17,495 
       43  CONSERVATION                                       534                                       557 
       44  AUTO EXPENSE                                       933                                       853 
       45     TOTAL OPERATING EXPENSE                $    240,300                              $    215,326 
      
       46  DEPRECIATION-MACHINERY                          25,856                                    25,232 
       47  DEPRECIATION-BUILDINGS                           2,819                                     3,589 
       48     TOTAL FARM EXPENSE                     $    268,975                              $    244,147 
      
       49     NET FARM INCOME                        $     80,598                              $    166,665 
      
       50  UNPAID FAMILY LABOR                              1,648                                     2,116 
       51  UNPAID OPERATOR LABOR                           28,777                                    28,468 
       52  MANAGEMENT CHARGE                               18,771                                    32,728 
       53  CURRENT ASSET CHARGE - 8%                       11,556                                    19,792 
       54  NONCURRENT ASSET CHARGE - 8%                    30,445                                    44,360 
       55  RETURN LABOR-MANAGEMENT                         36,949                                   100,397 
       56  RETURN TO CAPITAL                               51,331                                   118,394 
       57  ASSET TURNOVER RATIO                             .3914                                     .3668 
       58  OPERATING PROFIT MARGIN RATIO                    .1468                                     .2882 
       59  % RETURN ON ASSETS                               .0575                                     .1057 
       60  % RETURN ON EQUITY                               .0598                                     .1289 
       61  TOTAL EXPENSE RATIO                              .7694                                     .5943 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9102                                     .7484 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0303                                     .9046 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          268,370               300,046             339,140               428,030    
       65  NONCURRENT ASSETS                       590,177               627,787             713,807               758,839    
       66  CURRENT LIABILITIES                     136,115               143,407             128,158               144,215    
       67  NONCURRENT LIABILITIES                  221,690               235,142             178,118               185,532    
       68  CURRENT RATIO                              1.97                  2.09                2.65                  2.97    
       69  DEBT TO ASSET RATIO                         .42                   .41                 .29                   .28    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY ADJ. TOTAL EXPENSE RATIO               LOW MIDDLE                                 LOW 25%  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              55,983                                    50,376 
       71  MACHINERY AND EQUIPMENT                         82,712                                    78,875 
       72  MOTOR VEHICLES & LISTED PROPE                  126,703                                   133,497 
       73  BUILDINGS                                       26,750                                    36,138 
       74  OWNED LAND                                     355,846                                   465,211 
       75  TOTAL ASSETS                                   893,190                                 1,119,908 
       76  NET WORTH                                      525,013                                   801,896 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.06                                      1.05 
       78  NUMBER OF WORKERS                                 1.62                                      1.66 
       79  TOTAL WORK DAYS                                    403                                       428 
       80  VALUE FARM PRODUCTION/WORKER                   214,666                                   246,393 
       81  NET FARM INCOME/WORKER                          49,494                                    99,961 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   838,033                                 1,062,176 
       83  VALUE OF FARM PRODUCTION                       327,986                                   389,635 
       84  NET FARM INCOME                                 75,621                                   158,073 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           11.39                                      8.54 
       86  % TILLABLE LAND                                  65.61                                     63.48 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.06                                     28.22 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2171   471    734   380   1693   445       2143   468    844   418   1514   436    
       89  NON-IRRIGATED CROP ACRES        1314   460    406   358   1078   426       1266   460    484   402    964   402    
       90  IRRIGATED CROP ACRES             665   115    293    63    568   102        566    96    304    60    463    78    
       91  TOTAL CROP ACRES                1449   463    456   359   1174   432       1381   461    527   404   1051   403    
       92  PASTURE ACRES                    985   344    408   259    896   271       1024   340    457   284    920   248    
       93  FARMSTEAD ACRES                   65   199     53   175     65    56        122   230     95   212    142    57    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1424          1410                        1352          1315  
       95  CROP MACHINERY INVESTMENT          182,614        128.20        129.49        179,692        132.93        136.61  
       96  CROP MACHINERY COST                 75,464         52.98         53.51         68,906         50.97         52.39  
       97  GROSS CROP VALUE                   303,354        210.25        212.37        310,741        225.96        232.23  
       98  CROP PRODUCTION COSTS              200,931        138.36        139.76        180,026        131.76        135.41  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           263    327    155   132.7   272   130.8    293    378    186   135.8   296   138.3  
      100  GRAIN SORGHUM                  277    311    109    92.1   277    86.5    251    299    149    92.6   245    92.7  
      101  SOYBEANS                       298    421    152    36.7   351    37.5    319    445    193    41.7   356    41.0  
      102  SUNFLOWERS                      23    171     63    14.3   164    12.0     28    135     92    13.5   117    12.2  
      103  WHEAT                          406    545    179    39.7   461    39.0    367    483    185    41.7   407    41.5  
      104  OTHER CROPS                     35    114     70           117             33    210    135           235    
      105  ALFALFA                        183     99     54     3.9    94     4.2    132     92     52     3.7   105     6.5  
      106  OTHER HAY & FORAGE             254    154     78           142            241    142     91           122    
      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                            91    445    189   202.1   400   196.3     76    355    199   193.5   320   202.2  
      111  GRAIN SORGHUM                   30    135     59   102.5   143   104.3     14    100     75   109.2   109   105.4  
      112  SOYBEANS                        69    235    159    54.0   199    52.3     65    231    150    50.2   203    58.5  
      113  SUNFLOWERS                       7    174                  120    13.0      8    207    156    20.5   125    18.5  
      114  WHEAT                           47    232    159    40.3   200    38.2     30    247    154    31.5   217    44.7  
      115  OTHER CROPS                      8    152                  123              6    144    115           101    
      116  ALFALFA                         19    150    123     5.4   135     5.4      8    174    103     5.8   134     6.2  
      117  OTHER HAY & FORAGE              24    136     89           138             16    169    147           137    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           46                                        41 
      122  DAIRY COWS                                           4                                         5 
      123  EWES                                                 3 
      124  SOWS                                                 2                                        12 
      125  BEEF PURCH. FOR RESALE SALES                       118                                       196 
      126  SWINE PURCH. FOR RESALE SALES                       24                                        55 
      127  TURKEYS                                            911                                       514 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY ADJ. TOTAL EXPENSE RATIO                AVERAGE                                   MY FARM  
                                                       1884 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            73,678 
        2  DAIRY AND MILK                                  14,186 
        3  SHEEP                                              502 
        4  SWINE                                           11,404 
        5  POULTRY AND EGGS                                 1,490 
        6  OTHER LIVESTOCK                                   -420 
        7  CUSTOM FEEDING                                   7,529 
        8  FEED PURCHASED                                 -31,414 
        9     LIVESTOCK INCOME                       $     76,954 
      
       10  CORN                                            46,138 
       11  GRAIN SORGHUM                                   14,898 
       12  SOYBEANS                                        37,298 
       13  SUNFLOWERS                                         998 
       14  WHEAT                                           37,626 
       15  HAY AND FORAGE                                   8,491 
       16  OTHER CROP                                       3,079 
       17  GOVERNMENT PAYMENTS                             26,066 
       18  CROP INSURANCE PROCEEDS                         11,065 
       19  OTHER INCOME                                    15,301 
       20     VALUE OF FARM PRODUCTION               $    277,915 
      
       21  HIRED LABOR                                     12,183 
       22  MACHINERY REPAIRS                               20,692 
       23  IRRIGATION REPAIRS                               1,102 
       24  BUILDING REPAIRS                                 1,712 
       25  INTEREST PAID                                   15,114 
       26  SEED-OTHER CROP EXPENSE                         18,348 
       27  CROP INSURANCE                                   5,783 
       28  FERTILIZER-LIME                                 25,556 
       29  MACHINE HIRE                                    10,310 
       30  ORGANIZATION FEE, PUBLICATION                    2,792 
       31  VET-MED-DRUGS                                    3,687 
       32  CROP STORAGE-MARKETING                           1,311 
       33  LIVESTOCK MARKETING-BREEDING                     3,154 
       34  DAIRY EXPENSE                                      947 
       35  GAS-FUEL-OIL                                    13,102 
       36  IRRIGATION ENERGY                                4,696 
       37  REAL ESTATE TAXES                                4,372 
       38  PERSONAL PROPERTY TAXES                            817 
       39  GENERAL FARM INSURANCE                           4,732 
       40  UTILITIES                                        4,475 
       41  CASH FARM RENT                                  16,975 
       42  HERBICIDE-INSECTICIDE                           15,030 
       43  CONSERVATION                                       392 
       44  AUTO EXPENSE                                       871 
       45     TOTAL OPERATING EXPENSE                $    188,154 
      
       46  DEPRECIATION-MACHINERY                          20,566 
       47  DEPRECIATION-BUILDINGS                           2,536 
       48     TOTAL FARM EXPENSE                     $    211,256 
      
       49     NET FARM INCOME                        $     66,659 
      
       50  UNPAID FAMILY LABOR                              1,658 
       51  UNPAID OPERATOR LABOR                           26,941 
       52  MANAGEMENT CHARGE                               15,589 
       53  CURRENT ASSET CHARGE - 8%                       11,392 
       54  NONCURRENT ASSET CHARGE - 8%                    31,727 
       55  RETURN LABOR-MANAGEMENT                         21,883 
       56  RETURN TO CAPITAL                               37,586 
       57  ASSET TURNOVER RATIO                             .3376 
       58  OPERATING PROFIT MARGIN RATIO                    .1352 
       59  % RETURN ON ASSETS                               .0457 
       60  % RETURN ON EQUITY                               .0417 
       61  TOTAL EXPENSE RATIO                              .7601 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9191 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0743 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          233,563               264,975    
       65  NONCURRENT ASSETS                       559,553               588,258    
       66  CURRENT LIABILITIES                     101,806               111,945    
       67  NONCURRENT LIABILITIES                  172,940               181,694    
       68  CURRENT RATIO                              2.29                  2.37    
       69  DEBT TO ASSET RATIO                         .35                   .34    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY ADJ. TOTAL EXPENSE RATIO                AVERAGE                                   MY FARM  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              44,518 
       71  MACHINERY AND EQUIPMENT                         67,948 
       72  MOTOR VEHICLES & LISTED PROPE                  104,740 
       73  BUILDINGS                                       24,689 
       74  OWNED LAND                                     359,354 
       75  TOTAL ASSETS                                   823,174 
       76  NET WORTH                                      538,982 
      
       LABOR
       77  NUMBER OF OPERATORS                                .99 
       78  NUMBER OF WORKERS                                 1.45 
       79  TOTAL WORK DAYS                                    326 
       80  VALUE FARM PRODUCTION/WORKER                   191,148 
       81  NET FARM INCOME/WORKER                          45,848 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   824,970 
       83  VALUE OF FARM PRODUCTION                       278,521 
       84  NET FARM INCOME                                 66,805 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           10.47 
       86  % TILLABLE LAND                                  64.91 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.38 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1858  1878    715  1608   1372  1719     
       89  NON-IRRIGATED CROP ACRES        1112  1832    406  1520    884  1606     
       90  IRRIGATED CROP ACRES             538   441    266   252    475   358     
       91  TOTAL CROP ACRES                1230  1841    448  1529    974  1622     
       92  PASTURE ACRES                    847  1380    379  1127    759  1003     
       93  FARMSTEAD ACRES                   74   875     58   800     70   253     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1202          1113  
       95  CROP MACHINERY INVESTMENT          149,175        124.12        133.99   
       96  CROP MACHINERY COST                 62,069         51.64         55.75   
       97  GROSS CROP VALUE                   233,848        191.47        206.70   
       98  CROP PRODUCTION COSTS              160,009        131.37        141.81   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           894    292    141   127.8   243   127.6   
      100  GRAIN SORGHUM                 1045    261    120    83.7   224    81.8   
      101  SOYBEANS                      1093    335    143    37.6   282    37.4   
      102  SUNFLOWERS                      78    137     83    37.5   131    12.6   
      103  WHEAT                         1538    482    180    38.4   410    38.1   
      104  OTHER CROPS                    133    126     95           128     
      105  ALFALFA                        595     92     53     3.7    95     4.4   
      106  OTHER HAY & FORAGE             973    129     75           112     
      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                           321    343    175   193.7   323   197.7   
      111  GRAIN SORGHUM                  109    123    109   113.1   112   100.7   
      112  SOYBEANS                       264    203    131    49.7   181    52.6   
      113  SUNFLOWERS                      35    147    123    17.0   119    15.6   
      114  WHEAT                          184    204    138    35.8   190    44.0   
      115  OTHER CROPS                     31    150     85           138     
      116  ALFALFA                         70    172    112     5.3   158     4.9   
      117  OTHER HAY & FORAGE              92    121     88           118     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           36 
      122  DAIRY COWS                                           3 
      123  EWES                                                 1 
      124  SOWS                                                 5 
      125  BEEF PURCH. FOR RESALE SALES                       107 
      126  SWINE PURCH. FOR RESALE SALES                       21 
      127  TURKEYS                                            714