KFMA State Reports

Back
Printer Friendly Version
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres                   < 181 ACRES                          181 - 499 ACRES 
                                                         37 FARMS                                 181 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           143,182                                    29,118 
        2  DAIRY AND MILK                                  29,993                                    30,131 
        3  SHEEP                                               -3                                       248 
        4  SWINE                                            3,380                                     9,313 
        5  POULTRY AND EGGS                                28,167                                     4,402 
        6  OTHER LIVESTOCK                                   -173                                      -764 
        7  CUSTOM FEEDING                                   1,647                                       261 
        8  FEED PURCHASED                                 -73,658                                   -23,371 
        9     LIVESTOCK INCOME                       $    132,534                              $     49,339 
      
       10  CORN                                            41,565                                     7,916 
       11  GRAIN SORGHUM                                    1,523                                     3,563 
       12  SOYBEANS                                         3,542                                    10,213 
       13  SUNFLOWERS                                          55                                        26 
       14  WHEAT                                            6,724                                     7,540 
       15  HAY AND FORAGE                                   5,576                                     3,056 
       16  OTHER CROP                                       4,206                                     1,646 
       17  GOVERNMENT PAYMENTS                             15,024                                     6,566 
       18  CROP INSURANCE PROCEEDS                          4,423                                     1,217 
       19  OTHER INCOME                                    13,917                                     5,100 
       20     VALUE OF FARM PRODUCTION               $    229,090                              $     96,183 
      
       21  HIRED LABOR                                     15,769                                     5,169 
       22  MACHINERY REPAIRS                               10,957                                     7,429 
       23  IRRIGATION REPAIRS                               1,572                                       335 
       24  BUILDING REPAIRS                                 1,353                                       846 
       25  INTEREST PAID                                   14,959                                     7,300 
       26  SEED-OTHER CROP EXPENSE                         12,330                                     4,076 
       27  CROP INSURANCE                                   1,247                                     1,249 
       28  FERTILIZER-LIME                                  8,656                                     5,998 
       29  MACHINE HIRE                                    11,466                                     3,344 
       30  ORGANIZATION FEE, PUBLICATION                    1,839                                     1,491 
       31  VET-MED-DRUGS                                    4,150                                     1,553 
       32  CROP STORAGE-MARKETING                           1,018                                       234 
       33  LIVESTOCK MARKETING-BREEDING                     5,409                                     5,715 
       34  DAIRY EXPENSE                                    2,759                                     2,078 
       35  GAS-FUEL-OIL                                     8,846                                     3,938 
       36  IRRIGATION ENERGY                                7,224                                       764 
       37  REAL ESTATE TAXES                                2,791                                     2,399 
       38  PERSONAL PROPERTY TAXES                            616                                       410 
       39  GENERAL FARM INSURANCE                           4,008                                     2,626 
       40  UTILITIES                                        8,904                                     3,642 
       41  CASH FARM RENT                                   2,819                                     3,328 
       42  HERBICIDE-INSECTICIDE                            5,470                                     3,066 
       43  CONSERVATION                                        58                                       193 
       44  AUTO EXPENSE                                     1,155                                       768 
       45     TOTAL OPERATING EXPENSE                $    135,374                              $     67,951 
      
       46  DEPRECIATION-MACHINERY                          13,864                                     6,512 
       47  DEPRECIATION-BUILDINGS                           6,597                                     1,703 
       48     TOTAL FARM EXPENSE                     $    155,836                              $     76,167 
      
       49     NET FARM INCOME                        $     73,254                              $     20,016 
      
       50  UNPAID FAMILY LABOR                              2,250                                       709 
       51  UNPAID OPERATOR LABOR                           19,484                                    19,288 
       52  MANAGEMENT CHARGE                               14,962                                     5,352 
       53  CURRENT ASSET CHARGE - 8%                       10,426                                     5,355 
       54  NONCURRENT ASSET CHARGE - 8%                    11,221                                    14,716 
       55  RETURN LABOR-MANAGEMENT                         49,357                                      -764 
       56  RETURN TO CAPITAL                               51,517                                     1,968 
       57  ASSET TURNOVER RATIO                             .4033                                     .2528 
       58  OPERATING PROFIT MARGIN RATIO                    .2249                                     .0205 
       59  % RETURN ON ASSETS                               .0907                                     .0052 
       60  % RETURN ON EQUITY                               .1351                                    -.0213 
       61  TOTAL EXPENSE RATIO                              .6802                                     .7919 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8404                                    1.0554 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9349                                    1.2641 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          220,823               262,700             110,031               124,462    
       65  NONCURRENT ASSETS                       314,407               338,151             261,043               265,357    
       66  CURRENT LIABILITIES                     103,517               119,346              47,301                53,314    
       67  NONCURRENT LIABILITIES                  188,713               183,308              79,338                79,151    
       68  CURRENT RATIO                              2.13                  2.20                2.33                  2.33    
       69  DEBT TO ASSET RATIO                         .55                   .50                 .34                   .34    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres                   < 181 ACRES                          181 - 499 ACRES 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              40,698                                    27,569 
       71  MACHINERY AND EQUIPMENT                         50,688                                    26,631 
       72  MOTOR VEHICLES & LISTED PROPE                   60,237                                    37,695 
       73  BUILDINGS                                       49,981                                    16,060 
       74  OWNED LAND                                     134,682                                   167,454 
       75  TOTAL ASSETS                                   568,040                                   380,446 
       76  NET WORTH                                      270,598                                   250,894 
      
       LABOR
       77  NUMBER OF OPERATORS                                .72                                       .71 
       78  NUMBER OF WORKERS                                 1.43                                       .91 
       79  TOTAL WORK DAYS                                    211                                       130 
       80  VALUE FARM PRODUCTION/WORKER                   159,329                                   105,127 
       81  NET FARM INCOME/WORKER                          50,948                                    21,877 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   787,171                                   532,565 
       83  VALUE OF FARM PRODUCTION                       317,465                                   134,641 
       84  NET FARM INCOME                                101,514                                    28,019 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                          195.76                                      5.64 
       86  % TILLABLE LAND                                  73.66                                     73.08 
       87  CROP MACH COST/TOT EXPENSE(%)                    18.08                                     23.16 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      104    31     95    22     82    14        353   181    235   153    200   139    
       89  NON-IRRIGATED CROP ACRES         336    23     83    18    691     9        249   177    157   142    175   124    
       90  IRRIGATED CROP ACRES                                                        175    15    163    13     74     7    
       91  TOTAL CROP ACRES                  95    25     83    18     80    11        264   177    172   142    178   125    
       92  PASTURE ACRES                     41    17     35    13     50     5        129   116    100    98     98    53    
       93  FARMSTEAD ACRES                   18     8     16     8                      28    78     25    69     22    19    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                            64           263                         258           245  
       95  CROP MACHINERY INVESTMENT           57,443        893.03        218.67         48,486        188.17        197.99  
       96  CROP MACHINERY COST                 28,180        438.09        107.27         17,643         68.47         72.04  
       97  GROSS CROP VALUE                    94,276        990.29        242.49         53,063        202.51        213.09  
       98  CROP PRODUCTION COSTS               80,646      1,185.97        290.40         43,215        164.93        173.54  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             8    126     45   125.0   195   122.3     71     81     58   131.3    68   136.5  
      100  GRAIN SORGHUM                    4     49                                  69     85     62    90.4    64    82.7  
      101  SOYBEANS                        11     55     51    26.9                   99     87     61    40.2    74    36.7  
      102  SUNFLOWERS   
      103  WHEAT                           13    200     40    34.5                  116    109     75    42.1    94    43.2  
      104  OTHER CROPS                                                                12     37     60            21    
      105  ALFALFA                          4     43                                  40     56     43     4.4    52     4.0  
      106  OTHER HAY & FORAGE               9     33     25            36             91     67     54            53    
      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                                                                        8    110     95   191.3    77   201.0  
      111  GRAIN SORGHUM
      112  SOYBEANS                                                                    8    136    122    56.0    
      113  SUNFLOWERS   
      114  WHEAT  
      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                                            6                                        13 
      122  DAIRY COWS                                           8                                         9 
      123  EWES   
      124  SOWS                                                 6                                         5 
      125  BEEF PURCH. FOR RESALE SALES                       335                                       104 
      126  SWINE PURCH. FOR RESALE SALES                                                                  6 
      127  TURKEYS                                         17,812                                     2,440 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres               500 - 999 ACRES                        1,000 - 1,999 ACRES     
                                                        371 FARMS                                 652 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            36,567                                    45,070 
        2  DAIRY AND MILK                                  16,138                                    12,558 
        3  SHEEP                                              770                                       656 
        4  SWINE                                            7,203                                     7,322 
        5  POULTRY AND EGGS                                   840                                       808 
        6  OTHER LIVESTOCK                                   -134                                       348 
        7  CUSTOM FEEDING                                   6,093                                     2,220 
        8  FEED PURCHASED                                 -18,548                                   -17,167 
        9     LIVESTOCK INCOME                       $     48,929                              $     51,815 
      
       10  CORN                                            20,632                                    40,122 
       11  GRAIN SORGHUM                                    7,808                                    14,434 
       12  SOYBEANS                                        18,803                                    37,513 
       13  SUNFLOWERS                                         591                                       549 
       14  WHEAT                                           19,482                                    36,451 
       15  HAY AND FORAGE                                   5,891                                     7,702 
       16  OTHER CROP                                       1,190                                     2,105 
       17  GOVERNMENT PAYMENTS                             13,088                                    23,684 
       18  CROP INSURANCE PROCEEDS                          2,588                                     7,151 
       19  OTHER INCOME                                     7,994                                    14,537 
       20     VALUE OF FARM PRODUCTION               $    146,996                              $    236,063 
      
       21  HIRED LABOR                                      3,757                                     6,773 
       22  MACHINERY REPAIRS                               11,801                                    18,897 
       23  IRRIGATION REPAIRS                                 556                                       945 
       24  BUILDING REPAIRS                                   988                                     1,430 
       25  INTEREST PAID                                    8,377                                    12,634 
       26  SEED-OTHER CROP EXPENSE                          7,926                                    16,649 
       27  CROP INSURANCE                                   2,358                                     5,197 
       28  FERTILIZER-LIME                                 12,872                                    23,645 
       29  MACHINE HIRE                                     5,849                                     8,685 
       30  ORGANIZATION FEE, PUBLICATION                    1,954                                     2,639 
       31  VET-MED-DRUGS                                    2,226                                     2,478 
       32  CROP STORAGE-MARKETING                             185                                     1,007 
       33  LIVESTOCK MARKETING-BREEDING                     2,304                                     2,011 
       34  DAIRY EXPENSE                                    1,320                                       821 
       35  GAS-FUEL-OIL                                     7,373                                    11,625 
       36  IRRIGATION ENERGY                                1,704                                     4,029 
       37  REAL ESTATE TAXES                                3,307                                     3,830 
       38  PERSONAL PROPERTY TAXES                            501                                       775 
       39  GENERAL FARM INSURANCE                           2,929                                     4,194 
       40  UTILITIES                                        2,867                                     3,677 
       41  CASH FARM RENT                                   8,839                                    11,795 
       42  HERBICIDE-INSECTICIDE                            6,382                                    13,081 
       43  CONSERVATION                                       285                                       370 
       44  AUTO EXPENSE                                       715                                       912 
       45     TOTAL OPERATING EXPENSE                $     97,373                              $    158,098 
      
       46  DEPRECIATION-MACHINERY                          10,905                                    17,895 
       47  DEPRECIATION-BUILDINGS                           1,804                                     1,806 
       48     TOTAL FARM EXPENSE                     $    110,082                              $    177,799 
      
       49     NET FARM INCOME                        $     36,914                              $     58,264 
      
       50  UNPAID FAMILY LABOR                                752                                     1,712 
       51  UNPAID OPERATOR LABOR                           24,002                                    26,963 
       52  MANAGEMENT CHARGE                                8,803                                    13,437 
       53  CURRENT ASSET CHARGE - 8%                        7,581                                     9,289 
       54  NONCURRENT ASSET CHARGE - 8%                    21,706                                    28,088 
       55  RETURN LABOR-MANAGEMENT                          6,875                                    19,175 
       56  RETURN TO CAPITAL                               11,735                                    28,786 
       57  ASSET TURNOVER RATIO                             .2826                                     .3388 
       58  OPERATING PROFIT MARGIN RATIO                    .0798                                     .1219 
       59  % RETURN ON ASSETS                               .0226                                     .0413 
       60  % RETURN ON EQUITY                               .0092                                     .0346 
       61  TOTAL EXPENSE RATIO                              .7489                                     .7532 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9772                                     .9316 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1764                                    1.0899 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          135,801               151,751             177,132               203,398    
       65  NONCURRENT ASSETS                       369,986               382,738             495,625               517,206    
       66  CURRENT LIABILITIES                      46,715                51,302              71,580                76,717    
       67  NONCURRENT LIABILITIES                  103,869               106,207             152,788               157,852    
       68  CURRENT RATIO                              2.91                  2.96                2.47                  2.65    
       69  DEBT TO ASSET RATIO                         .30                   .29                 .33                   .33    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres               500 - 999 ACRES                        1,000 - 1,999 ACRES     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              28,809                                    33,527 
       71  MACHINERY AND EQUIPMENT                         37,784                                    58,647 
       72  MOTOR VEHICLES & LISTED PROPE                   60,492                                    95,512 
       73  BUILDINGS                                       16,435                                    17,861 
       74  OWNED LAND                                     252,259                                   320,068 
       75  TOTAL ASSETS                                   520,138                                   696,680 
       76  NET WORTH                                      366,092                                   467,211 
      
       LABOR
       77  NUMBER OF OPERATORS                                .88                                       .99 
       78  NUMBER OF WORKERS                                 1.06                                      1.28 
       79  TOTAL WORK DAYS                                    174                                       278 
       80  VALUE FARM PRODUCTION/WORKER                   138,486                                   183,952 
       81  NET FARM INCOME/WORKER                          34,777                                    45,402 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   585,116                                   697,643 
       83  VALUE OF FARM PRODUCTION                       165,360                                   236,389 
       84  NET FARM INCOME                                 41,526                                    58,344 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.37                                     10.88 
       86  % TILLABLE LAND                                  71.38                                     72.80 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.33                                     32.18 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      752   371    393   319    507   323       1442   652    596   550    994   616    
       89  NON-IRRIGATED CROP ACRES         511   357    254   294    371   291        944   646    361   528    711   590    
       90  IRRIGATED CROP ACRES             348    48    188    31    301    36        449   166    217    85    412   136    
       91  TOTAL CROP ACRES                 549   363    271   297    400   297       1058   647    393   532    799   595    
       92  PASTURE ACRES                    315   252    224   207    268   161        503   475    276   384    372   357    
       93  FARMSTEAD ACRES                   55   191     49   173     45    42         57   293     47   271     43    91    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           537           523                        1050           999  
       95  CROP MACHINERY INVESTMENT           81,926        152.53        156.68        137,451        130.93        137.53  
       96  CROP MACHINERY COST                 33,388         62.16         63.85         57,219         54.51         57.25  
       97  GROSS CROP VALUE                   114,096        210.70        216.44        216,950        205.08        215.41  
       98  CROP PRODUCTION COSTS               78,835        144.00        147.93        142,426        135.05        141.85  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           156    140     81   133.3   116   137.6    326    228    120   129.8   180   129.1  
      100  GRAIN SORGHUM                  188    133     85    85.3   102    86.6    386    227    104    84.8   192    84.0  
      101  SOYBEANS                       220    171     87    39.7   143    39.4    408    308    143    37.0   243    37.6  
      102  SUNFLOWERS                       9     82                   89    10.7     27     77     62    13.3    67    13.9  
      103  WHEAT                          278    225    120    43.3   177    42.4    562    404    157    39.3   330    39.7  
      104  OTHER CROPS                     24     97     71            98             45     80     86            60    
      105  ALFALFA                        104     75     55     3.6    72     5.7    218     84     47     3.6    86     4.5  
      106  OTHER HAY & FORAGE             189    102     62            85            324    106     63            89    
      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                            35    216    141   205.9   166   202.5    128    283    141   185.8   271   196.6  
      111  GRAIN SORGHUM                   11     91                   83   106.2     42    100     85   128.4    98    96.2  
      112  SOYBEANS                        27    120     97    43.8   109    55.0     98    179    105    50.8   165    54.1  
      113  SUNFLOWERS                                                                 14    125    119    14.8    94    14.0  
      114  WHEAT                           16    167     84    40.7   174    49.9     66    148    103    39.2   143    44.2  
      115  OTHER CROPS                                                                14    149     68           139    
      116  ALFALFA                         12    153    105     4.5   151     4.8     20    217    130     5.7   199     4.9  
      117  OTHER HAY & FORAGE               5     62     45                           22    110     84           113    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           21                                        27 
      122  DAIRY COWS                                           4                                         3 
      123  EWES                                                 6 
      124  SOWS                                                 3                                         4 
      125  BEEF PURCH. FOR RESALE SALES                        50                                        60 
      126  SWINE PURCH. FOR RESALE SALES                       43                                        28 
      127  TURKEYS                                            479                                       102 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY Farm Size by Census Acres             2,000 - 4,999 ACRES                            > 5,000 ACRES     
                                                        561 FARMS                                  82 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           112,441                                   270,854 
        2  DAIRY AND MILK                                  10,176                                     3,399 
        3  SHEEP                                               38                                     2,017 
        4  SWINE                                           12,870                                    61,083 
        5  POULTRY AND EGGS                                   231 
        6  OTHER LIVESTOCK                                   -776                                    -4,749 
        7  CUSTOM FEEDING                                  16,184                                    15,710 
        8  FEED PURCHASED                                 -45,710                                  -103,782 
        9     LIVESTOCK INCOME                       $    105,455                              $    244,532 
      
       10  CORN                                            72,030                                   118,667 
       11  GRAIN SORGHUM                                   22,758                                    27,959 
       12  SOYBEANS                                        56,915                                    60,406 
       13  SUNFLOWERS                                       1,627                                     4,669 
       14  WHEAT                                           57,936                                    70,453 
       15  HAY AND FORAGE                                  11,997                                    15,858 
       16  OTHER CROP                                       4,666                                    11,173 
       17  GOVERNMENT PAYMENTS                             38,179                                    68,884 
       18  CROP INSURANCE PROCEEDS                         18,123                                    56,986 
       19  OTHER INCOME                                    21,789                                    33,189 
       20     VALUE OF FARM PRODUCTION               $    411,475                              $    712,775 
      
       21  HIRED LABOR                                     20,791                                    48,306 
       22  MACHINERY REPAIRS                               29,815                                    46,454 
       23  IRRIGATION REPAIRS                               1,571                                     3,105 
       24  BUILDING REPAIRS                                 2,316                                     5,173 
       25  INTEREST PAID                                   22,535                                    31,869 
       26  SEED-OTHER CROP EXPENSE                         27,571                                    50,485 
       27  CROP INSURANCE                                   9,231                                    14,556 
       28  FERTILIZER-LIME                                 39,352                                    54,547 
       29  MACHINE HIRE                                    14,384                                    30,400 
       30  ORGANIZATION FEE, PUBLICATION                    3,636                                     5,325 
       31  VET-MED-DRUGS                                    5,863                                     9,524 
       32  CROP STORAGE-MARKETING                           2,420                                     3,734 
       33  LIVESTOCK MARKETING-BREEDING                     3,768                                     5,204 
       34  DAIRY EXPENSE                                      500 
       35  GAS-FUEL-OIL                                    19,571                                    28,657 
       36  IRRIGATION ENERGY                                6,670                                    17,578 
       37  REAL ESTATE TAXES                                5,720                                     9,346 
       38  PERSONAL PROPERTY TAXES                          1,053                                     1,966 
       39  GENERAL FARM INSURANCE                           6,437                                    10,466 
       40  UTILITIES                                        5,842                                     8,577 
       41  CASH FARM RENT                                  27,760                                    57,700 
       42  HERBICIDE-INSECTICIDE                           24,193                                    37,689 
       43  CONSERVATION                                       482                                     1,030 
       44  AUTO EXPENSE                                       895                                     1,180 
       45     TOTAL OPERATING EXPENSE                $    282,377                              $    482,870 
      
       46  DEPRECIATION-MACHINERY                          31,284                                    46,236 
       47  DEPRECIATION-BUILDINGS                           3,232                                     6,887 
       48     TOTAL FARM EXPENSE                     $    316,893                              $    535,993 
      
       49     NET FARM INCOME                        $     94,582                              $    176,782 
      
       50  UNPAID FAMILY LABOR                              2,286                                     2,854 
       51  UNPAID OPERATOR LABOR                           30,894                                    33,289 
       52  MANAGEMENT CHARGE                               22,324                                    40,184 
       53  CURRENT ASSET CHARGE - 8%                       14,981                                    34,528 
       54  NONCURRENT ASSET CHARGE - 8%                    44,167                                    67,699 
       55  RETURN LABOR-MANAGEMENT                         33,148                                    71,701 
       56  RETURN TO CAPITAL                               61,613                                   132,325 
       57  ASSET TURNOVER RATIO                             .3534                                     .3642 
       58  OPERATING PROFIT MARGIN RATIO                    .1497                                     .1856 
       59  % RETURN ON ASSETS                               .0529                                     .0676 
       60  % RETURN ON EQUITY                               .0529                                     .0786 
       61  TOTAL EXPENSE RATIO                              .7701                                     .7520 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9050                                     .8591 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0488                                    1.0025 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          339,357               380,053             679,213               790,753    
       65  NONCURRENT ASSETS                       778,982               830,576           1,193,830             1,250,841    
       66  CURRENT LIABILITIES                     164,455               180,429             282,311               324,450    
       67  NONCURRENT LIABILITIES                  241,985               263,403             372,797               379,398    
       68  CURRENT RATIO                              2.06                  2.11                2.41                  2.44    
       69  DEBT TO ASSET RATIO                         .36                   .37                 .35                   .34    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY Farm Size by Census Acres             2,000 - 4,999 ACRES                            > 5,000 ACRES     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              62,318                                   120,342 
       71  MACHINERY AND EQUIPMENT                        100,824                                   152,437 
       72  MOTOR VEHICLES & LISTED PROPE                  153,455                                   213,100 
       73  BUILDINGS                                       32,725                                    68,977 
       74  OWNED LAND                                     495,936                                   746,791 
       75  TOTAL ASSETS                                 1,164,484                                 1,957,319 
       76  NET WORTH                                      739,348                                 1,277,840 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.14                                      1.23 
       78  NUMBER OF WORKERS                                 1.90                                      2.71 
       79  TOTAL WORK DAYS                                    487                                       777 
       80  VALUE FARM PRODUCTION/WORKER                   216,241                                   262,804 
       81  NET FARM INCOME/WORKER                          49,705                                    65,180 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,017,722                                 1,587,538 
       83  VALUE OF FARM PRODUCTION                       359,616                                   578,116 
       84  NET FARM INCOME                                 82,662                                   143,384 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           10.89                                      8.47 
       86  % TILLABLE LAND                                  64.41                                     48.31 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.49                                     24.07 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2965   561   1045   495   2117   546       6572    82   2045    69   4912    81    
       89  NON-IRRIGATED CROP ACRES        1736   550    565   471   1329   518       3016    79    938    67   2371    74    
       90  IRRIGATED CROP ACRES             637   183    320   109    541   151        882    25    423    14    672    24    
       91  TOTAL CROP ACRES                1948   550    636   473   1484   519       3295    79   1026    67   2554    75    
       92  PASTURE ACRES                   1279   445    543   367   1043   364       3552    75   1135    58   3184    63    
       93  FARMSTEAD ACRES                   85   270     69   247     65    88        348    35    202    32    475    12    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1909          1748                        3175          2652  
       95  CROP MACHINERY INVESTMENT          223,602        117.10        127.95        301,104         94.84        113.54  
       96  CROP MACHINERY COST                 93,459         48.94         53.48        129,009         40.63         48.65  
       97  GROSS CROP VALUE                   362,965        188.05        205.47        468,558        145.78        174.53  
       98  CROP PRODUCTION COSTS              243,834        126.10        137.78        389,463        118.18        141.48  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           288    424    189   125.9   342   124.6     45    791    322   103.2   582   101.1  
      100  GRAIN SORGHUM                  355    365    146    83.4   308    80.0     43    580    353    55.0   484    57.4  
      101  SOYBEANS                       317    513    193    36.7   403    36.9     38    822    329    34.1   725    30.9  
      102  SUNFLOWERS                      36    158     96    62.8   138    12.1      5    426                  382    12.8  
      103  WHEAT                          502    702    233    36.1   574    35.2     67   1250    410    23.3   986    26.8  
      104  OTHER CROPS                     45    207    130           215              6    162                  155    
      105  ALFALFA                        206    110     59     3.7   111     3.8     23    164     65     3.2   163     3.6  
      106  OTHER HAY & FORAGE             311    172     99           143             49    247    132           241    
      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                           133    391    206   196.9   368   199.0     14    734    296   190.8   609   190.8  
      111  GRAIN SORGHUM                   44    130    108   105.3   118   110.5      8    279                  234   101.0  
      112  SOYBEANS                       114    244    157    50.8   214    52.0     15    234    138    42.8   181    46.6  
      113  SUNFLOWERS                      18    157    128    17.0   129    16.6   
      114  WHEAT                           85    239    172    34.4   209    42.6     14    283    117    26.6   286    45.2  
      115  OTHER CROPS                     12    160    100           152     
      116  ALFALFA                         30    174    112     5.2   159     5.4      5     60                   48     3.0  
      117  OTHER HAY & FORAGE              50    130    100           110             13    129     74           146    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           55                                       103 
      122  DAIRY COWS                                           2 
      123  EWES   
      124  SOWS                                                 5                                        10 
      125  BEEF PURCH. FOR RESALE SALES                       150                                       353 
      126  SWINE PURCH. FOR RESALE SALES                        7 
      127  TURKEYS