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       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED               ***         -   350000 ***                ***  350001 -   500000 ***     
                                                        113 FARMS                                 121 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            13,197                                    18,871 
        2  DAIRY AND MILK                                   1,847                                     7,693 
        3  SHEEP                                               38                                       426 
        4  SWINE                                            1,441                                         9 
        5  POULTRY AND EGGS                                 1,962                                    10,617 
        6  OTHER LIVESTOCK                                    -49                                        50 
        7  CUSTOM FEEDING                                     246                                       619 
        8  FEED PURCHASED                                  -3,900                                    -5,831 
        9     LIVESTOCK INCOME                       $     14,783                              $     32,453 
      
       10  CORN                                             7,027                                     7,339 
       11  GRAIN SORGHUM                                    6,335                                     4,930 
       12  SOYBEANS                                        10,644                                     9,145 
       13  SUNFLOWERS                                         538                                       111 
       14  WHEAT                                            9,907                                    11,132 
       15  HAY AND FORAGE                                   3,206                                     2,037 
       16  OTHER CROP                                       2,149                                     1,075 
       17  GOVERNMENT PAYMENTS                              7,273                                     8,321 
       18  CROP INSURANCE PROCEEDS                          3,662                                     3,048 
       19  OTHER INCOME                                     4,274                                     6,551 
       20     VALUE OF FARM PRODUCTION               $     69,798                              $     86,143 
      
       21  HIRED LABOR                                      2,234                                     2,316 
       22  MACHINERY REPAIRS                                6,848                                     7,014 
       23  IRRIGATION REPAIRS                                 556                                       186 
       24  BUILDING REPAIRS                                   550                                       499 
       25  INTEREST PAID                                    4,197                                     7,196 
       26  SEED-OTHER CROP EXPENSE                          3,924                                     4,561 
       27  CROP INSURANCE                                   1,500                                     1,276 
       28  FERTILIZER-LIME                                  6,382                                     6,598 
       29  MACHINE HIRE                                     3,501                                     3,885 
       30  ORGANIZATION FEE, PUBLICATION                    1,229                                     1,369 
       31  VET-MED-DRUGS                                      627                                       807 
       32  CROP STORAGE-MARKETING                             274                                       279 
       33  LIVESTOCK MARKETING-BREEDING                       471                                       635 
       34  DAIRY EXPENSE                                      190                                       597 
       35  GAS-FUEL-OIL                                     3,596                                     4,514 
       36  IRRIGATION ENERGY                                  918                                       880 
       37  REAL ESTATE TAXES                                1,671                                     2,324 
       38  PERSONAL PROPERTY TAXES                            482                                       460 
       39  GENERAL FARM INSURANCE                           2,129                                     2,294 
       40  UTILITIES                                        2,401                                     4,159 
       41  CASH FARM RENT                                   4,689                                     3,997 
       42  HERBICIDE-INSECTICIDE                            3,766                                     3,185 
       43  CONSERVATION                                        86                                       121 
       44  AUTO EXPENSE                                       858                                       881 
       45     TOTAL OPERATING EXPENSE                $     53,080                              $     60,032 
      
       46  DEPRECIATION-MACHINERY                           4,670                                     6,242 
       47  DEPRECIATION-BUILDINGS                             669                                     1,989 
       48     TOTAL FARM EXPENSE                     $     58,419                              $     68,263 
      
       49     NET FARM INCOME                        $     11,379                              $     17,880 
      
       50  UNPAID FAMILY LABOR                                896                                       800 
       51  UNPAID OPERATOR LABOR                           17,466                                    20,016 
       52  MANAGEMENT CHARGE                                3,202                                     4,711 
       53  CURRENT ASSET CHARGE - 8%                        1,946                                     3,762 
       54  NONCURRENT ASSET CHARGE - 8%                     7,124                                    11,313 
       55  RETURN LABOR-MANAGEMENT                          1,413                                     2,006 
       56  RETURN TO CAPITAL                               -5,988                                      -450 
       57  ASSET TURNOVER RATIO                             .3757                                     .2791 
       58  OPERATING PROFIT MARGIN RATIO                   -.0858                                    -.0052 
       59  % RETURN ON ASSETS                              -.0322                                    -.0015 
       60  % RETURN ON EQUITY                              -.0898                                    -.0406 
       61  TOTAL EXPENSE RATIO                              .8370                                     .7924 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1459                                    1.0888 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2759                                    1.2638 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           37,211                45,889              72,202                74,550    
       65  NONCURRENT ASSETS                       140,463               147,994             233,459               237,120    
       66  CURRENT LIABILITIES                      16,544                17,918              26,570                26,138    
       67  NONCURRENT LIABILITIES                   54,170                56,180              95,124                92,620    
       68  CURRENT RATIO                              2.25                  2.56                2.72                  2.85    
       69  DEBT TO ASSET RATIO                         .40                   .38                 .40                   .38    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED               ***         -   350000 ***                ***  350001 -   500000 ***     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              11,070                                    20,986 
       71  MACHINERY AND EQUIPMENT                         14,575                                    23,455 
       72  MOTOR VEHICLES & LISTED PROPE                   27,518                                    35,489 
       73  BUILDINGS                                        5,905                                    18,869 
       74  OWNED LAND                                      92,369                                   149,414 
       75  TOTAL ASSETS                                   185,778                                   308,666 
       76  NET WORTH                                      113,373                                   188,439 
      
       LABOR
       77  NUMBER OF OPERATORS                                .64                                       .74 
       78  NUMBER OF WORKERS                                  .74                                       .89 
       79  TOTAL WORK DAYS                                     81                                       134 
       80  VALUE FARM PRODUCTION/WORKER                    93,672                                    96,512 
       81  NET FARM INCOME/WORKER                          15,271                                    20,033 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   287,181                                   416,372 
       83  VALUE OF FARM PRODUCTION                       107,896                                   116,202 
       84  NET FARM INCOME                                 17,590                                    24,120 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            6.22                                      4.32 
       86  % TILLABLE LAND                                  68.12                                     60.75 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.77                                     26.49 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      496   111    258    86    401    82        608   119    341   107    389    92    
       89  NON-IRRIGATED CROP ACRES         345   102    180    77    318    67        372   113    215    94    280    78    
       90  IRRIGATED CROP ACRES             291     8                 260     7        271     7    146     5     
       91  TOTAL CROP ACRES                 361   104    187    77    330    70        385   114    218    96    291    79    
       92  PASTURE ACRES                    231    71    122    56    266    36        281    94    173    81    243    51    
       93  FARMSTEAD ACRES                   26    44     25    40     12    12         35    55     31    50     31    13    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           332           295                         363           312  
       95  CROP MACHINERY INVESTMENT           35,911        108.22        121.87         42,416        116.84        135.82  
       96  CROP MACHINERY COST                 17,393         52.41         59.03         18,084         49.81         57.91  
       97  GROSS CROP VALUE                    54,564        157.15        176.98         57,347        148.83        173.01  
       98  CROP PRODUCTION COSTS               42,869        125.76        141.63         43,366        115.51        134.27  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            25    101     98   118.8    70   127.7     40    105     52   125.4   112   131.9  
      100  GRAIN SORGHUM                   43    146     76    73.9   139    70.8     47    123    113    85.2    80    83.2  
      101  SOYBEANS                        50    123     74    34.3   122    34.5     56    106     64    36.7    85    35.2  
      102  SUNFLOWERS   
      103  WHEAT                           71    170     81    34.5   198    34.2     80    180    111    38.8   164    37.2  
      104  OTHER CROPS                      5     43                                   8     38     59            17    
      105  ALFALFA                         16     64     70     5.0    26     3.2     29     39     37     3.4    35     3.8  
      106  OTHER HAY & FORAGE              39     61     51            50             67     61     51            51    
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                                                                        5    177 
      111  GRAIN SORGHUM                    7    102                   80    88.2   
      112  SOYBEANS                         5     85                   91    48.9   
      113  SUNFLOWERS   
      114  WHEAT                            5    103                   80    46.7   
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           11                                        20 
      122  DAIRY COWS                                           1                                         3 
      123  EWES                                                                                           2 
      124  SOWS                                                 2 
      125  BEEF PURCH. FOR RESALE SALES                        13                                        14 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS                                          1,164                                     6,019 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED               ***  500001 -   750000 ***                ***  750001 -  1000000 ***     
                                                        247 FARMS                                 227 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            27,948                                    30,988 
        2  DAIRY AND MILK                                  17,695                                    14,665 
        3  SHEEP                                              262                                        20 
        4  SWINE                                            3,507                                     6,887 
        5  POULTRY AND EGGS                                 1,612                                     2,002 
        6  OTHER LIVESTOCK                                     69                                      -107 
        7  CUSTOM FEEDING                                   2,777                                     2,413 
        8  FEED PURCHASED                                 -13,437                                   -14,940 
        9     LIVESTOCK INCOME                       $     40,432                              $     41,927 
      
       10  CORN                                            14,868                                    19,947 
       11  GRAIN SORGHUM                                    4,901                                     9,332 
       12  SOYBEANS                                        13,709                                    20,476 
       13  SUNFLOWERS                                         149                                       664 
       14  WHEAT                                           15,271                                    24,984 
       15  HAY AND FORAGE                                   3,571                                     7,114 
       16  OTHER CROP                                       1,537                                     1,363 
       17  GOVERNMENT PAYMENTS                             11,031                                    16,296 
       18  CROP INSURANCE PROCEEDS                          4,577                                     6,664 
       19  OTHER INCOME                                     8,018                                     9,603 
       20     VALUE OF FARM PRODUCTION               $    118,062                              $    158,370 
      
       21  HIRED LABOR                                      3,197                                     5,458 
       22  MACHINERY REPAIRS                               10,341                                    13,574 
       23  IRRIGATION REPAIRS                                 419                                       617 
       24  BUILDING REPAIRS                                 1,072                                       951 
       25  INTEREST PAID                                    7,075                                     8,213 
       26  SEED-OTHER CROP EXPENSE                          6,318                                     9,716 
       27  CROP INSURANCE                                   2,184                                     3,261 
       28  FERTILIZER-LIME                                 10,075                                    15,296 
       29  MACHINE HIRE                                     4,992                                     5,425 
       30  ORGANIZATION FEE, PUBLICATION                    1,657                                     2,215 
       31  VET-MED-DRUGS                                    1,627                                     2,110 
       32  CROP STORAGE-MARKETING                             409                                       538 
       33  LIVESTOCK MARKETING-BREEDING                     1,154                                     1,835 
       34  DAIRY EXPENSE                                    1,400                                     1,017 
       35  GAS-FUEL-OIL                                     5,891                                     8,546 
       36  IRRIGATION ENERGY                                1,648                                     2,750 
       37  REAL ESTATE TAXES                                3,075                                     3,327 
       38  PERSONAL PROPERTY TAXES                            473                                       548 
       39  GENERAL FARM INSURANCE                           2,713                                     3,253 
       40  UTILITIES                                        2,831                                     3,160 
       41  CASH FARM RENT                                   7,343                                     8,048 
       42  HERBICIDE-INSECTICIDE                            5,489                                     8,513 
       43  CONSERVATION                                       214                                       339 
       44  AUTO EXPENSE                                       819                                       815 
       45     TOTAL OPERATING EXPENSE                $     82,415                              $    109,523 
      
       46  DEPRECIATION-MACHINERY                           8,885                                    12,088 
       47  DEPRECIATION-BUILDINGS                           1,218                                     1,421 
       48     TOTAL FARM EXPENSE                     $     92,519                              $    123,033 
      
       49     NET FARM INCOME                        $     25,543                              $     35,337 
      
       50  UNPAID FAMILY LABOR                                829                                       872 
       51  UNPAID OPERATOR LABOR                           22,157                                    24,371 
       52  MANAGEMENT CHARGE                                6,485                                     8,732 
       53  CURRENT ASSET CHARGE - 8%                        5,825                                     7,952 
       54  NONCURRENT ASSET CHARGE - 8%                    19,323                                    22,094 
       55  RETURN LABOR-MANAGEMENT                           -434                                     4,419 
       56  RETURN TO CAPITAL                                3,147                                     9,575 
       57  ASSET TURNOVER RATIO                             .2704                                     .2996 
       58  OPERATING PROFIT MARGIN RATIO                    .0267                                     .0605 
       59  % RETURN ON ASSETS                               .0072                                     .0181 
       60  % RETURN ON EQUITY                              -.0125                                     .0036 
       61  TOTAL EXPENSE RATIO                              .7836                                     .7769 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0333                                     .9914 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2463                                    1.1811 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          102,245               111,193             135,733               149,569    
       65  NONCURRENT ASSETS                       322,262               337,509             378,479               393,333    
       66  CURRENT LIABILITIES                      32,823                34,981              41,254                45,260    
       67  NONCURRENT LIABILITIES                   84,592                92,095             109,154               110,295    
       68  CURRENT RATIO                              3.12                  3.18                3.29                  3.30    
       69  DEBT TO ASSET RATIO                         .28                   .28                 .29                   .29    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED               ***  500001 -   750000 ***                ***  750001 -  1000000 ***     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              30,763                                    33,857 
       71  MACHINERY AND EQUIPMENT                         31,866                                    43,770 
       72  MOTOR VEHICLES & LISTED PROPE                   50,342                                    64,805 
       73  BUILDINGS                                       11,392                                    13,528 
       74  OWNED LAND                                     224,651                                   252,526 
       75  TOTAL ASSETS                                   436,605                                   528,557 
       76  NET WORTH                                      314,359                                   375,575 
      
       LABOR
       77  NUMBER OF OPERATORS                                .82                                       .90 
       78  NUMBER OF WORKERS                                  .98                                      1.11 
       79  TOTAL WORK DAYS                                    155                                       206 
       80  VALUE FARM PRODUCTION/WORKER                   119,808                                   142,489 
       81  NET FARM INCOME/WORKER                          25,921                                    31,793 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   532,025                                   585,566 
       83  VALUE OF FARM PRODUCTION                       143,865                                   175,451 
       84  NET FARM INCOME                                 31,126                                    39,148 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            7.30                                      9.21 
       86  % TILLABLE LAND                                  60.60                                     66.63 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.85                                     30.88 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      834   247    471   216    524   199       1138   227    559   196    716   208    
       89  NON-IRRIGATED CROP ACRES         490   236    247   200    369   180        701   223    333   187    492   191    
       90  IRRIGATED CROP ACRES             285    32    175    19    304    19        360    44    178    23    336    35    
       91  TOTAL CROP ACRES                 527   237    264   200    398   181        759   227    353   188    540   196    
       92  PASTURE ACRES                    428   177    280   158    318    99        535   150    306   124    393   108    
       93  FARMSTEAD ACRES                   46   119     44   110     20    30         57   103     55    95     24    25    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           506           449                         759           690  
       95  CROP MACHINERY INVESTMENT           67,877        134.27        151.23         93,266        122.96        135.23  
       96  CROP MACHINERY COST                 27,618         54.63         61.53         37,994         50.09         55.09  
       97  GROSS CROP VALUE                    89,327        170.27        191.77        131,990        174.01        191.37  
       98  CROP PRODUCTION COSTS               65,745        126.90        142.93         94,551        123.55        135.88  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            98    127     63   121.9   122   118.9     96    159     89   130.0   125   128.4  
      100  GRAIN SORGHUM                  112    116     68    75.6   100    75.5    124    163     93    82.5   127    76.7  
      101  SOYBEANS                       125    155     76    36.9   145    36.1    126    198    108    39.2   151    36.5  
      102  SUNFLOWERS                       4     58                                   5     80 
      103  WHEAT                          174    231    118    38.1   189    38.5    181    330    163    37.9   246    37.9  
      104  OTHER CROPS                     15     90     46           104             14     80     86            61    
      105  ALFALFA                         58     68     51     3.4    57     3.7     73     78     50     3.2    77     7.1  
      106  OTHER HAY & FORAGE             118     95     67            72            123    105     67            84    
      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    184     89   190.1   206   199.6     24    197     78   190.6   210   205.1  
      111  GRAIN SORGHUM                    5    107                  107   110.5     16     85     82   125.5    79    94.2  
      112  SOYBEANS                        15    153    109    50.5   164    46.6     26    162    131    40.4   138    53.9  
      113  SUNFLOWERS                                                                  4     91                   91    15.1  
      114  WHEAT                            7    145     91    34.2                   19    183    110    28.3   194    49.0  
      115  OTHER CROPS  
      116  ALFALFA                          9    101     96     5.5   108     4.9      7    196    100     4.0   219     4.4  
      117  OTHER HAY & FORAGE               7     46     38                            5     77 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           22                                        25 
      122  DAIRY COWS                                           5                                         4 
      123  EWES                                                 2 
      124  SOWS                                                 2                                         4 
      125  BEEF PURCH. FOR RESALE SALES                        56                                        28 
      126  SWINE PURCH. FOR RESALE SALES                                                                  6 
      127  TURKEYS                                          1,155                                       588 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED               *** 1000001 -  1500000 ***                *** 1500001 -  2000000 ***     
                                                        424 FARMS                                 253 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            50,985                                    84,960 
        2  DAIRY AND MILK                                   8,867                                    26,694 
        3  SHEEP                                            1,120                                       503 
        4  SWINE                                            7,512                                    10,154 
        5  POULTRY AND EGGS                                   744                                       111 
        6  OTHER LIVESTOCK                                   -466                                      -555 
        7  CUSTOM FEEDING                                   2,488                                     5,258 
        8  FEED PURCHASED                                 -15,439                                   -34,773 
        9     LIVESTOCK INCOME                       $     55,812                              $     92,352 
      
       10  CORN                                            28,969                                    44,651 
       11  GRAIN SORGHUM                                   15,454                                    17,030 
       12  SOYBEANS                                        28,925                                    33,975 
       13  SUNFLOWERS                                         727                                     1,210 
       14  WHEAT                                           35,964                                    43,362 
       15  HAY AND FORAGE                                   8,723                                     7,289 
       16  OTHER CROP                                       1,447                                     2,303 
       17  GOVERNMENT PAYMENTS                             21,130                                    27,761 
       18  CROP INSURANCE PROCEEDS                          8,239                                    10,307 
       19  OTHER INCOME                                    12,212                                    21,568 
       20     VALUE OF FARM PRODUCTION               $    217,602                              $    301,809 
      
       21  HIRED LABOR                                      6,039                                    11,803 
       22  MACHINERY REPAIRS                               18,346                                    23,096 
       23  IRRIGATION REPAIRS                                 927                                     1,052 
       24  BUILDING REPAIRS                                 1,343                                     1,640 
       25  INTEREST PAID                                   11,953                                    17,527 
       26  SEED-OTHER CROP EXPENSE                         13,602                                    18,611 
       27  CROP INSURANCE                                   4,559                                     6,221 
       28  FERTILIZER-LIME                                 21,411                                    28,439 
       29  MACHINE HIRE                                     8,100                                    12,152 
       30  ORGANIZATION FEE, PUBLICATION                    2,467                                     2,945 
       31  VET-MED-DRUGS                                    2,359                                     4,476 
       32  CROP STORAGE-MARKETING                             818                                     1,394 
       33  LIVESTOCK MARKETING-BREEDING                     1,903                                     3,144 
       34  DAIRY EXPENSE                                      486                                     1,985 
       35  GAS-FUEL-OIL                                    11,277                                    13,858 
       36  IRRIGATION ENERGY                                3,204                                     5,401 
       37  REAL ESTATE TAXES                                3,627                                     5,073 
       38  PERSONAL PROPERTY TAXES                            691                                       783 
       39  GENERAL FARM INSURANCE                           3,816                                     5,166 
       40  UTILITIES                                        3,454                                     4,659 
       41  CASH FARM RENT                                  12,176                                    18,882 
       42  HERBICIDE-INSECTICIDE                           11,776                                    15,386 
       43  CONSERVATION                                       262                                       494 
       44  AUTO EXPENSE                                       841                                       880 
       45     TOTAL OPERATING EXPENSE                $    145,439                              $    205,069 
      
       46  DEPRECIATION-MACHINERY                          16,181                                    21,634 
       47  DEPRECIATION-BUILDINGS                           1,784                                     2,432 
       48     TOTAL FARM EXPENSE                     $    163,404                              $    229,135 
      
       49     NET FARM INCOME                        $     54,199                              $     72,673 
      
       50  UNPAID FAMILY LABOR                              1,751                                     1,556 
       51  UNPAID OPERATOR LABOR                           26,847                                    28,675 
       52  MANAGEMENT CHARGE                               12,570                                    16,851 
       53  CURRENT ASSET CHARGE - 8%                        8,539                                    13,177 
       54  NONCURRENT ASSET CHARGE - 8%                    25,420                                    34,815 
       55  RETURN LABOR-MANAGEMENT                         18,488                                    23,125 
       56  RETURN TO CAPITAL                               24,983                                    43,118 
       57  ASSET TURNOVER RATIO                             .3387                                     .3337 
       58  OPERATING PROFIT MARGIN RATIO                    .1148                                     .1429 
       59  % RETURN ON ASSETS                               .0389                                     .0477 
       60  % RETURN ON EQUITY                               .0307                                     .0427 
       61  TOTAL EXPENSE RATIO                              .7509                                     .7592 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9401                                     .9152 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0962                                    1.0742 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          169,358               192,167             257,938               296,405    
       65  NONCURRENT ASSETS                       451,679               471,636             615,383               639,184    
       66  CURRENT LIABILITIES                      72,034                76,010             109,662               115,267    
       67  NONCURRENT LIABILITIES                  140,806               147,006             187,952               196,235    
       68  CURRENT RATIO                              2.35                  2.53                2.35                  2.57    
       69  DEBT TO ASSET RATIO                         .34                   .34                 .34                   .33    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED               *** 1000001 -  1500000 ***                *** 1500001 -  2000000 ***     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              39,809                                    60,104 
       71  MACHINERY AND EQUIPMENT                         54,612                                    74,470 
       72  MOTOR VEHICLES & LISTED PROPE                   85,399                                   108,966 
       73  BUILDINGS                                       16,817                                    23,710 
       74  OWNED LAND                                     293,497                                   402,339 
       75  TOTAL ASSETS                                   642,420                                   904,456 
       76  NET WORTH                                      424,492                                   599,897 
      
       LABOR
       77  NUMBER OF OPERATORS                                .99                                      1.06 
       78  NUMBER OF WORKERS                                 1.26                                      1.47 
       79  TOTAL WORK DAYS                                    261                                       365 
       80  VALUE FARM PRODUCTION/WORKER                   172,294                                   204,548 
       81  NET FARM INCOME/WORKER                          42,914                                    49,254 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   646,077                                   851,609 
       83  VALUE OF FARM PRODUCTION                       218,841                                   284,174 
       84  NET FARM INCOME                                 54,507                                    68,427 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            7.77                                     10.07 
       86  % TILLABLE LAND                                  64.56                                     63.10 
       87  CROP MACH COST/TOT EXPENSE(%)                    32.40                                     28.89 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1568   423    594   361   1105   406       2176   253    855   218   1511   241    
       89  NON-IRRIGATED CROP ACRES         944   418    342   343    713   389       1265   247    455   205    974   225    
       90  IRRIGATED CROP ACRES             336    99    173    57    293    80        522    67    278    40    459    52    
       91  TOTAL CROP ACRES                1022   419    368   346    769   391       1407   247    506   206   1071   227    
       92  PASTURE ACRES                    693   324    312   255    551   263       1018   193    499   155    769   155    
       93  FARMSTEAD ACRES                   54   194     44   174     47    61         54   123     41   113     55    38    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1010           943                        1373          1207  
       95  CROP MACHINERY INVESTMENT          122,741        121.57        130.17        156,349        113.86        129.58  
       96  CROP MACHINERY COST                 52,951         52.45         56.16         66,191         48.20         54.86  
       97  GROSS CROP VALUE                   184,796        181.74        194.60        249,225        179.35        204.10  
       98  CROP PRODUCTION COSTS              127,139        125.33        134.20        169,647        122.08        138.93  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           183    196    103   128.5   154   126.2    127    237    139   129.3   191   125.8  
      100  GRAIN SORGHUM                  263    230    102    85.3   188    83.7    157    294    112    88.7   259    83.7  
      101  SOYBEANS                       266    257    119    36.1   200    36.0    143    335    155    38.2   269    39.0  
      102  SUNFLOWERS                      23     76     55    13.3    64    13.6     12    131                  131    12.9  
      103  WHEAT                          373    417    156    40.1   332    39.7    217    519    191    39.2   432    37.4  
      104  OTHER CROPS                     37     92     98            76             20    100     66           109    
      105  ALFALFA                        152     91     46     3.6    95     3.7     96     76     47     3.8    79     4.5  
      106  OTHER HAY & FORAGE             225    110     63            89            145    140     87           116    
      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                            69    222    138   186.2   205   198.3     52    309    165   203.3   285   193.4  
      111  GRAIN SORGHUM                   19     91     91   101.0    85    92.4     18    125    125   121.8    94   115.9  
      112  SOYBEANS                        54    138     79    51.7   123    51.6     35    161     94    32.7   173    51.2  
      113  SUNFLOWERS                       5    134                  100    12.8      6    206                  130    14.3  
      114  WHEAT                           38    129    103    34.2   119    49.3     37    184    142    39.3   176    42.7  
      115  OTHER CROPS                      7    116                   98              7     84                   69    
      116  ALFALFA                         16    172    103     5.7   172     5.0     15    167    109     4.5   145     4.6  
      117  OTHER HAY & FORAGE              15    134     85           121             17    127    119            94    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           33                                        48 
      122  DAIRY COWS                                           2                                         6 
      123  EWES                                                 4 
      124  SOWS                                                 3                                         8 
      125  BEEF PURCH. FOR RESALE SALES                        47                                       110 
      126  SWINE PURCH. FOR RESALE SALES                       43                                        32 
      127  TURKEYS                                            156 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED               *** 2000001 - 25000000 ***                ***         -          ***     
                                                        498 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           148,524 
        2  DAIRY AND MILK                                  14,806 
        3  SHEEP                                              437 
        4  SWINE                                           26,370 
        5  POULTRY AND EGGS                                   210 
        6  OTHER LIVESTOCK                                   -153 
        7  CUSTOM FEEDING                                  21,008 
        8  FEED PURCHASED                                 -64,856 
        9     LIVESTOCK INCOME                       $    146,347 
      
       10  CORN                                           104,962 
       11  GRAIN SORGHUM                                   25,187 
       12  SOYBEANS                                        78,349 
       13  SUNFLOWERS                                       1,995 
       14  WHEAT                                           65,301 
       15  HAY AND FORAGE                                  14,781 
       16  OTHER CROP                                       7,115 
       17  GOVERNMENT PAYMENTS                             49,754 
       18  CROP INSURANCE PROCEEDS                         22,655 
       19  OTHER INCOME                                    25,864 
       20     VALUE OF FARM PRODUCTION               $    542,310 
      
       21  HIRED LABOR                                     29,808 
       22  MACHINERY REPAIRS                               36,301 
       23  IRRIGATION REPAIRS                               2,186 
       24  BUILDING REPAIRS                                 3,269 
       25  INTEREST PAID                                   27,473 
       26  SEED-OTHER CROP EXPENSE                         38,578 
       27  CROP INSURANCE                                  11,558 
       28  FERTILIZER-LIME                                 48,729 
       29  MACHINE HIRE                                    19,148 
       30  ORGANIZATION FEE, PUBLICATION                    4,517 
       31  VET-MED-DRUGS                                    7,488 
       32  CROP STORAGE-MARKETING                           2,921 
       33  LIVESTOCK MARKETING-BREEDING                     7,043 
       34  DAIRY EXPENSE                                      814 
       35  GAS-FUEL-OIL                                    23,924 
       36  IRRIGATION ENERGY                                9,802 
       37  REAL ESTATE TAXES                                6,852 
       38  PERSONAL PROPERTY TAXES                          1,398 
       39  GENERAL FARM INSURANCE                           8,131 
       40  UTILITIES                                        7,198 
       41  CASH FARM RENT                                  34,787 
       42  HERBICIDE-INSECTICIDE                           30,716 
       43  CONSERVATION                                       699 
       44  AUTO EXPENSE                                       945 
       45     TOTAL OPERATING EXPENSE                $    364,284 
      
       46  DEPRECIATION-MACHINERY                          40,342 
       47  DEPRECIATION-BUILDINGS                           4,937 
       48     TOTAL FARM EXPENSE                     $    409,563 
      
       49     NET FARM INCOME                        $    132,747 
      
       50  UNPAID FAMILY LABOR                              2,770 
       51  UNPAID OPERATOR LABOR                           33,517 
       52  MANAGEMENT CHARGE                               30,253 
       53  CURRENT ASSET CHARGE - 8%                       20,964 
       54  NONCURRENT ASSET CHARGE - 8%                    56,560 
       55  RETURN LABOR-MANAGEMENT                         52,453 
       56  RETURN TO CAPITAL                               93,680 
       57  ASSET TURNOVER RATIO                             .3586 
       58  OPERATING PROFIT MARGIN RATIO                    .1727 
       59  % RETURN ON ASSETS                               .0619 
       60  % RETURN ON EQUITY                               .0683 
       61  TOTAL EXPENSE RATIO                              .7552 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8779 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0209 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          455,486               522,827    
       65  NONCURRENT ASSETS                       992,309             1,054,305    
       66  CURRENT LIABILITIES                     212,780               241,437    
       67  NONCURRENT LIABILITIES                  306,147               326,467    
       68  CURRENT RATIO                              2.14                  2.17    
       69  DEBT TO ASSET RATIO                         .36                   .36    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED               *** 2000001 - 25000000 ***                ***         -          ***     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              64,559 
       71  MACHINERY AND EQUIPMENT                        127,425 
       72  MOTOR VEHICLES & LISTED PROPE                  198,114 
       73  BUILDINGS                                       49,177 
       74  OWNED LAND                                     616,151 
       75  TOTAL ASSETS                                 1,512,464 
       76  NET WORTH                                      969,048 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.24 
       78  NUMBER OF WORKERS                                 2.28 
       79  TOTAL WORK DAYS                                    600 
       80  VALUE FARM PRODUCTION/WORKER                   236,862 
       81  NET FARM INCOME/WORKER                          57,979 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,218,387 
       83  VALUE OF FARM PRODUCTION                       436,866 
       84  NET FARM INCOME                                106,936 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           12.61 
       86  % TILLABLE LAND                                  65.98 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.35 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     3377   497   1125   423   2495   490     
       89  NON-IRRIGATED CROP ACRES        1987   492    629   413   1512   475     
       90  IRRIGATED CROP ACRES             759   184    357   105    634   161     
       91  TOTAL CROP ACRES                2251   492    716   415   1699   477     
       92  PASTURE ACRES                   1481   370    562   297   1383   290     
       93  FARMSTEAD ACRES                  139   237    101   218    149    74     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2224          2111  
       95  CROP MACHINERY INVESTMENT          284,672        128.00        134.87   
       96  CROP MACHINERY COST                116,098         52.20         55.00   
       97  GROSS CROP VALUE                   462,689        206.80        217.88   
       98  CROP PRODUCTION COSTS              311,941        138.86        146.30   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           324    492    213   128.9   387   130.2   
      100  GRAIN SORGHUM                  298    406    187    85.0   335    83.8   
      101  SOYBEANS                       326    593    222    38.8   479    39.2   
      102  SUNFLOWERS                      30    213    127    77.6   187    12.1   
      103  WHEAT                          441    783    251    37.4   652    37.4   
      104  OTHER CROPS                     34    246    156           259     
      105  ALFALFA                        171    128     64     3.8   129     4.1   
      106  OTHER HAY & FORAGE             256    195    101           172     
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                           147    468    222   195.8   426   198.0   
      111  GRAIN SORGHUM                   44    155    117   107.9   153   102.3   
      112  SOYBEANS                       126    261    164    54.8   220    53.9   
      113  SUNFLOWERS                      17    156    132    17.6   125    16.8   
      114  WHEAT                           77    270    168    35.6   236    41.7   
      115  OTHER CROPS                     13    214    105           205     
      116  ALFALFA                         21    206    132     6.0   163     5.3   
      117  OTHER HAY & FORAGE              48    131     98           128     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           51 
      122  DAIRY COWS                                           3 
      123  EWES   
      124  SOWS                                                 8 
      125  BEEF PURCH. FOR RESALE SALES                       243 
      126  SWINE PURCH. FOR RESALE SALES                       23 
      127  TURKEYS