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       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
                                                        471 FARMS                                 471 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           163,278                                    61,914 
        2  DAIRY AND MILK                                  31,258                                    14,762 
        3  SHEEP                                            1,228                                       433 
        4  SWINE                                           41,399                                     1,984 
        5  POULTRY AND EGGS                                   394                                     3,118 
        6  OTHER LIVESTOCK                                   -628                                      -464 
        7  CUSTOM FEEDING                                  19,703                                     7,109 
        8  FEED PURCHASED                                 -83,147                                   -20,354 
        9     LIVESTOCK INCOME                       $    173,485                              $     68,501 
      
       10  CORN                                           103,688                                    37,775 
       11  GRAIN SORGHUM                                   25,120                                    17,061 
       12  SOYBEANS                                        83,712                                    33,912 
       13  SUNFLOWERS                                       2,100                                       874 
       14  WHEAT                                           57,148                                    38,779 
       15  HAY AND FORAGE                                  11,023                                    12,621 
       16  OTHER CROP                                       6,330                                     1,973 
       17  GOVERNMENT PAYMENTS                             46,207                                    24,285 
       18  CROP INSURANCE PROCEEDS                         16,957                                     9,587 
       19  OTHER INCOME                                    32,677                                    13,840 
       20     VALUE OF FARM PRODUCTION               $    558,447                              $    259,207 
      
       21  HIRED LABOR                                     25,071                                     9,633 
       22  MACHINERY REPAIRS                               33,094                                    19,969 
       23  IRRIGATION REPAIRS                               1,727                                       724 
       24  BUILDING REPAIRS                                 2,970                                     1,469 
       25  INTEREST PAID                                   23,624                                    15,144 
       26  SEED-OTHER CROP EXPENSE                         35,132                                    16,943 
       27  CROP INSURANCE                                  10,119                                     5,459 
       28  FERTILIZER-LIME                                 44,419                                    23,954 
       29  MACHINE HIRE                                    17,309                                     9,406 
       30  ORGANIZATION FEE, PUBLICATION                    4,209                                     2,548 
       31  VET-MED-DRUGS                                    7,625                                     3,768 
       32  CROP STORAGE-MARKETING                           2,688                                     1,384 
       33  LIVESTOCK MARKETING-BREEDING                     7,427                                     2,139 
       34  DAIRY EXPENSE                                    2,095                                     1,058 
       35  GAS-FUEL-OIL                                    20,923                                    12,683 
       36  IRRIGATION ENERGY                                7,721                                     3,759 
       37  REAL ESTATE TAXES                                6,307                                     3,886 
       38  PERSONAL PROPERTY TAXES                          1,295                                       779 
       39  GENERAL FARM INSURANCE                           7,413                                     4,384 
       40  UTILITIES                                        7,082                                     4,134 
       41  CASH FARM RENT                                  31,057                                    16,358 
       42  HERBICIDE-INSECTICIDE                           26,672                                    13,961 
       43  CONSERVATION                                       686                                       461 
       44  AUTO EXPENSE                                       943                                       905 
       45     TOTAL OPERATING EXPENSE                $    327,608                              $    174,908 
      
       46  DEPRECIATION-MACHINERY                          36,528                                    19,244 
       47  DEPRECIATION-BUILDINGS                           4,704                                     2,454 
       48     TOTAL FARM EXPENSE                     $    368,840                              $    196,606 
      
       49     NET FARM INCOME                        $    189,607                              $     62,601 
      
       50  UNPAID FAMILY LABOR                              2,986                                     1,457 
       51  UNPAID OPERATOR LABOR                           34,412                                    27,063 
       52  MANAGEMENT CHARGE                               38,656                                    14,528 
       53  CURRENT ASSET CHARGE - 8%                       22,714                                     9,402 
       54  NONCURRENT ASSET CHARGE - 8%                    49,803                                    26,518 
       55  RETURN LABOR-MANAGEMENT                        114,104                                    25,225 
       56  RETURN TO CAPITAL                              137,177                                    34,698 
       57  ASSET TURNOVER RATIO                             .4015                                     .3629 
       58  OPERATING PROFIT MARGIN RATIO                    .2456                                     .1339 
       59  % RETURN ON ASSETS                               .0986                                     .0486 
       60  % RETURN ON EQUITY                               .1253                                     .0435 
       61  TOTAL EXPENSE RATIO                              .6605                                     .7585 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .7967                                     .9246 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9265                                    1.0631 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          441,928               540,957             198,626               221,627    
       65  NONCURRENT ASSETS                       868,637               930,344             491,850               516,264    
       66  CURRENT LIABILITIES                     195,638               219,386              92,432                92,778    
       67  NONCURRENT LIABILITIES                  270,161               283,745             168,059               177,108    
       68  CURRENT RATIO                              2.26                  2.47                2.15                  2.39    
       69  DEBT TO ASSET RATIO                         .36                   .34                 .38                   .37    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              68,338                                    45,945 
       71  MACHINERY AND EQUIPMENT                        113,735                                    64,263 
       72  MOTOR VEHICLES & LISTED PROPE                  179,678                                    98,105 
       73  BUILDINGS                                       46,312                                    23,462 
       74  OWNED LAND                                     531,360                                   305,327 
       75  TOTAL ASSETS                                 1,390,933                                   714,183 
       76  NET WORTH                                      906,468                                   448,994 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.27                                      1.00 
       78  NUMBER OF WORKERS                                 2.22                                      1.37 
       79  TOTAL WORK DAYS                                    575                                       319 
       80  VALUE FARM PRODUCTION/WORKER                   250,432                                   188,871 
       81  NET FARM INCOME/WORKER                          85,028                                    45,614 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,091,337                                   712,519 
       83  VALUE OF FARM PRODUCTION                       438,162                                   258,603 
       84  NET FARM INCOME                                148,767                                    62,455 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           11.87                                      8.94 
       86  % TILLABLE LAND                                  67.17                                     64.22 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.11                                     29.66 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2728   469    990   401   1993   453       1820   470    618   393   1379   444    
       89  NON-IRRIGATED CROP ACRES        1658   463    558   385   1273   434       1090   459    368   374    863   420    
       90  IRRIGATED CROP ACRES             739   138    345    84    604   121        468   105    191    54    436    89    
       91  TOTAL CROP ACRES                1856   463    630   387   1415   435       1192   461    395   375    944   425    
       92  PASTURE ACRES                   1179   340    537   266   1086   256        842   349    321   269    757   274    
       93  FARMSTEAD ACRES                  126   231     94   213    142    64         60   202     48   177     67    55    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1825          1845                        1166          1099  
       95  CROP MACHINERY INVESTMENT          252,497        138.37        136.86        140,689        120.61        128.02  
       96  CROP MACHINERY COST                 99,975         54.79         54.19         58,323         50.00         53.07  
       97  GROSS CROP VALUE                   438,976        237.50        234.91        227,486        191.71        203.48  
       98  CROP PRODUCTION COSTS              272,771        147.58        145.97        147,369        124.19        131.82  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           328    463    221   135.9   359   135.5    244    220    103   133.3   180   130.8  
      100  GRAIN SORGHUM                  257    373    163    95.8   318    94.7    297    278    124    89.3   229    85.0  
      101  SOYBEANS                       338    578    225    39.8   458    40.5    298    299    122    39.1   249    37.8  
      102  SUNFLOWERS                      34    172     88    15.2   160    12.0     19     93     70    13.9    71    13.4  
      103  WHEAT                          390    629    212    41.5   531    40.8    403    451    167    40.5   371    40.1  
      104  OTHER CROPS                     37    217    108           245             32     95     95            77    
      105  ALFALFA                        150    104     55     3.9   114     4.9    181    111     59     3.6   105     5.0  
      106  OTHER HAY & FORAGE             250    174    107           140            248    136     69           125    
      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                           114    466    216   198.9   416   201.1     77    295    123   196.7   289   194.6  
      111  GRAIN SORGHUM                   24    162     83   119.4   185   115.4     25    114    142   105.5    88    97.3  
      112  SOYBEANS                        98    268    168    52.5   230    55.9     59    186    108    51.6   172    53.2  
      113  SUNFLOWERS                      11    161    156    20.5    99    14.6      9    184                  145    17.0  
      114  WHEAT                           50    271    173    34.6   236    46.7     44    179    106    40.4   165    41.2  
      115  OTHER CROPS                      9    173    105           132              6     71                   61    
      116  ALFALFA                         16    185    138     6.2   129     6.3     15    164     89     4.6   184     4.4  
      117  OTHER HAY & FORAGE              27    165    143           153             26    113     68           106    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           50                                        38 
      122  DAIRY COWS                                           7                                         4 
      123  EWES                                                                                           3 
      124  SOWS                                                14                                         1 
      125  BEEF PURCH. FOR RESALE SALES                       260                                        84 
      126  SWINE PURCH. FOR RESALE SALES                       70                                        11 
      127  TURKEYS                                            141                                     1,709 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
                                                        471 FARMS                                 471 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            44,038                                    25,482 
        2  DAIRY AND MILK                                   7,550                                     3,173 
        3  SHEEP                                              127                                       219 
        4  SWINE                                            1,561                                       674 
        5  POULTRY AND EGGS                                 1,735                                       713 
        6  OTHER LIVESTOCK                                   -604                                        15 
        7  CUSTOM FEEDING                                   1,763                                     1,539 
        8  FEED PURCHASED                                 -13,200                                    -8,953 
        9     LIVESTOCK INCOME                       $     42,971                              $     22,861 
      
       10  CORN                                            25,124                                    17,966 
       11  GRAIN SORGHUM                                    9,569                                     7,844 
       12  SOYBEANS                                        19,259                                    12,310 
       13  SUNFLOWERS                                         517                                       501 
       14  WHEAT                                           27,615                                    26,961 
       15  HAY AND FORAGE                                   4,570                                     5,751 
       16  OTHER CROP                                       2,170                                     1,845 
       17  GOVERNMENT PAYMENTS                             17,214                                    16,560 
       18  CROP INSURANCE PROCEEDS                          8,956                                     8,759 
       19  OTHER INCOME                                     7,304                                     7,382 
       20     VALUE OF FARM PRODUCTION               $    165,267                              $    128,739 
      
       21  HIRED LABOR                                      6,042                                     7,988 
       22  MACHINERY REPAIRS                               14,578                                    15,127 
       23  IRRIGATION REPAIRS                                 866                                     1,093 
       24  BUILDING REPAIRS                                 1,240                                     1,168 
       25  INTEREST PAID                                   10,254                                    11,434 
       26  SEED-OTHER CROP EXPENSE                         11,002                                    10,316 
       27  CROP INSURANCE                                   3,843                                     3,711 
       28  FERTILIZER-LIME                                 17,727                                    16,124 
       29  MACHINE HIRE                                     6,607                                     7,918 
       30  ORGANIZATION FEE, PUBLICATION                    2,095                                     2,315 
       31  VET-MED-DRUGS                                    2,053                                     1,302 
       32  CROP STORAGE-MARKETING                             460                                       712 
       33  LIVESTOCK MARKETING-BREEDING                     1,770                                     1,279 
       34  DAIRY EXPENSE                                      441                                       194 
       35  GAS-FUEL-OIL                                     9,313                                     9,490 
       36  IRRIGATION ENERGY                                3,041                                     4,264 
       37  REAL ESTATE TAXES                                3,749                                     3,547 
       38  PERSONAL PROPERTY TAXES                            593                                       603 
       39  GENERAL FARM INSURANCE                           3,429                                     3,700 
       40  UTILITIES                                        3,370                                     3,312 
       41  CASH FARM RENT                                  10,731                                     9,755 
       42  HERBICIDE-INSECTICIDE                           10,041                                     9,445 
       43  CONSERVATION                                       159                                       263 
       44  AUTO EXPENSE                                       723                                       911 
       45     TOTAL OPERATING EXPENSE                $    124,128                              $    125,972 
      
       46  DEPRECIATION-MACHINERY                          13,377                                    13,115 
       47  DEPRECIATION-BUILDINGS                           1,535                                     1,449 
       48     TOTAL FARM EXPENSE                     $    139,041                              $    140,536 
      
       49     NET FARM INCOME                        $     26,226                              $    -11,797 
      
       50  UNPAID FAMILY LABOR                              1,409                                       779 
       51  UNPAID OPERATOR LABOR                           23,612                                    22,678 
       52  MANAGEMENT CHARGE                                7,743                                     1,429 
       53  CURRENT ASSET CHARGE - 8%                        7,841                                     5,609 
       54  NONCURRENT ASSET CHARGE - 8%                    26,677                                    23,910 
       55  RETURN LABOR-MANAGEMENT                         -9,701                                   -42,095 
       56  RETURN TO CAPITAL                                3,716                                   -25,248 
       57  ASSET TURNOVER RATIO                             .2682                                     .2253 
       58  OPERATING PROFIT MARGIN RATIO                    .0225                                    -.1961 
       59  % RETURN ON ASSETS                               .0060                                    -.0442 
       60  % RETURN ON EQUITY                              -.0152                                    -.0994 
       61  TOTAL EXPENSE RATIO                              .8413                                    1.0916 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0396                                    1.2849 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2484                                    1.5142 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          155,571               165,833             138,129               131,484    
       65  NONCURRENT ASSETS                       446,457               464,600             431,267               441,822    
       66  CURRENT LIABILITIES                      58,074                67,306              61,079                68,308    
       67  NONCURRENT LIABILITIES                  120,883               123,243             132,657               142,679    
       68  CURRENT RATIO                              2.68                  2.46                2.26                  1.92    
       69  DEBT TO ASSET RATIO                         .30                   .30                 .34                   .37    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              36,610                                    27,180 
       71  MACHINERY AND EQUIPMENT                         48,064                                    45,730 
       72  MOTOR VEHICLES & LISTED PROPE                   71,968                                    69,209 
       73  BUILDINGS                                       15,037                                    13,946 
       74  OWNED LAND                                     306,284                                   294,444 
       75  TOTAL ASSETS                                   616,230                                   571,351 
       76  NET WORTH                                      431,477                                   368,990 
      
       LABOR
       77  NUMBER OF OPERATORS                                .87                                       .83 
       78  NUMBER OF WORKERS                                 1.13                                      1.07 
       79  TOTAL WORK DAYS                                    222                                       188 
       80  VALUE FARM PRODUCTION/WORKER                   145,279                                   119,669 
       81  NET FARM INCOME/WORKER                          23,054                                   -10,966 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   704,648                                   680,249 
       83  VALUE OF FARM PRODUCTION                       188,979                                   153,277 
       84  NET FARM INCOME                                 29,989                                   -14,045 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            9.68                                     10.42 
       86  % TILLABLE LAND                                  60.84                                     65.74 
       87  CROP MACH COST/TOT EXPENSE(%)                    31.49                                     32.88 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1494   469    607   413   1072   420       1389   470    646   401    979   402    
       89  NON-IRRIGATED CROP ACRES         845   456    323   387    674   386        847   454    375   374    667   366    
       90  IRRIGATED CROP ACRES             459    90    251    48    411    71        414   108    239    66    376    77    
       91  TOTAL CROP ACRES                 925   461    350   391    738   392        941   456    415   376    738   370    
       92  PASTURE ACRES                    704   373    323   322    608   261        667   318    350   270    554   212    
       93  FARMSTEAD ACRES                   50   235     45   214     30    68         55   207     43   196     43    66    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           905           778                         911           731  
       95  CROP MACHINERY INVESTMENT          103,151        113.94        132.56        100,363        110.18        137.23  
       96  CROP MACHINERY COST                 43,777         48.36         56.26         46,202         50.72         63.17  
       97  GROSS CROP VALUE                   143,485        156.14        181.65        124,519        134.08        167.01  
       98  CROP PRODUCTION COSTS              107,965        117.74        136.97        111,981        121.63        151.49  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           195    179     83   117.6   168   121.0    127    160     88   112.0   141   105.8  
      100  GRAIN SORGHUM                  247    199     97    80.4   170    75.3    244    186     96    68.3   161    69.1  
      101  SOYBEANS                       251    197     94    37.4   172    36.4    206    158     85    31.8   132    31.9  
      102  SUNFLOWERS                      11    108     36    16.7   131    13.2     14    134    112   107.8   140    12.4  
      103  WHEAT                          367    407    154    38.8   350    37.6    378    436    185    32.7   381    32.8  
      104  OTHER CROPS                     46     89     78            89             18     86    118            55    
      105  ALFALFA                        151     61     39     3.7    63     3.6    113     90     57     3.4    88     3.2  
      106  OTHER HAY & FORAGE             270    101     54            95            205    104     74            80    
      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                            64    279    176   195.8   256   196.6     66    251    148   179.7   247   195.9  
      111  GRAIN SORGHUM                   28    119     93   103.1   121    99.3     32    105    121   120.7    72    94.1  
      112  SOYBEANS                        41    145     92    55.3   135    51.5     66    159    109    41.3   146    47.6  
      113  SUNFLOWERS                       8    113                   99    15.1      7    118                  149    16.3  
      114  WHEAT                           39    212    132    34.4   225    47.5     51    155    122    35.5   139    41.2  
      115  OTHER CROPS                      7    214                  239              9    132                  125    
      116  ALFALFA                         16    156    116     5.9   143     4.3     23    180    103     4.6   172     4.8  
      117  OTHER HAY & FORAGE              17     99     77           109             22     95     54           102    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           34                                        20 
      122  DAIRY COWS                                           2                                         1 
      123  EWES                                                                                           2 
      124  SOWS                                                 3 
      125  BEEF PURCH. FOR RESALE SALES                        50                                        35 
      126  SWINE PURCH. FOR RESALE SALES                        1                                         2 
      127  TURKEYS                                            544                                       461 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
                                                       1884 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            73,678 
        2  DAIRY AND MILK                                  14,186 
        3  SHEEP                                              502 
        4  SWINE                                           11,404 
        5  POULTRY AND EGGS                                 1,490 
        6  OTHER LIVESTOCK                                   -420 
        7  CUSTOM FEEDING                                   7,529 
        8  FEED PURCHASED                                 -31,414 
        9     LIVESTOCK INCOME                       $     76,954 
      
       10  CORN                                            46,138 
       11  GRAIN SORGHUM                                   14,898 
       12  SOYBEANS                                        37,298 
       13  SUNFLOWERS                                         998 
       14  WHEAT                                           37,626 
       15  HAY AND FORAGE                                   8,491 
       16  OTHER CROP                                       3,079 
       17  GOVERNMENT PAYMENTS                             26,066 
       18  CROP INSURANCE PROCEEDS                         11,065 
       19  OTHER INCOME                                    15,301 
       20     VALUE OF FARM PRODUCTION               $    277,915 
      
       21  HIRED LABOR                                     12,183 
       22  MACHINERY REPAIRS                               20,692 
       23  IRRIGATION REPAIRS                               1,102 
       24  BUILDING REPAIRS                                 1,712 
       25  INTEREST PAID                                   15,114 
       26  SEED-OTHER CROP EXPENSE                         18,348 
       27  CROP INSURANCE                                   5,783 
       28  FERTILIZER-LIME                                 25,556 
       29  MACHINE HIRE                                    10,310 
       30  ORGANIZATION FEE, PUBLICATION                    2,792 
       31  VET-MED-DRUGS                                    3,687 
       32  CROP STORAGE-MARKETING                           1,311 
       33  LIVESTOCK MARKETING-BREEDING                     3,154 
       34  DAIRY EXPENSE                                      947 
       35  GAS-FUEL-OIL                                    13,102 
       36  IRRIGATION ENERGY                                4,696 
       37  REAL ESTATE TAXES                                4,372 
       38  PERSONAL PROPERTY TAXES                            817 
       39  GENERAL FARM INSURANCE                           4,732 
       40  UTILITIES                                        4,475 
       41  CASH FARM RENT                                  16,975 
       42  HERBICIDE-INSECTICIDE                           15,030 
       43  CONSERVATION                                       392 
       44  AUTO EXPENSE                                       871 
       45     TOTAL OPERATING EXPENSE                $    188,154 
      
       46  DEPRECIATION-MACHINERY                          20,566 
       47  DEPRECIATION-BUILDINGS                           2,536 
       48     TOTAL FARM EXPENSE                     $    211,256 
      
       49     NET FARM INCOME                        $     66,659 
      
       50  UNPAID FAMILY LABOR                              1,658 
       51  UNPAID OPERATOR LABOR                           26,941 
       52  MANAGEMENT CHARGE                               15,589 
       53  CURRENT ASSET CHARGE - 8%                       11,392 
       54  NONCURRENT ASSET CHARGE - 8%                    31,727 
       55  RETURN LABOR-MANAGEMENT                         21,883 
       56  RETURN TO CAPITAL                               37,586 
       57  ASSET TURNOVER RATIO                             .3376 
       58  OPERATING PROFIT MARGIN RATIO                    .1352 
       59  % RETURN ON ASSETS                               .0457 
       60  % RETURN ON EQUITY                               .0417 
       61  TOTAL EXPENSE RATIO                              .7601 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9191 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0743 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          233,563               264,975    
       65  NONCURRENT ASSETS                       559,553               588,258    
       66  CURRENT LIABILITIES                     101,806               111,945    
       67  NONCURRENT LIABILITIES                  172,940               181,694    
       68  CURRENT RATIO                              2.29                  2.37    
       69  DEBT TO ASSET RATIO                         .35                   .34    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              44,518 
       71  MACHINERY AND EQUIPMENT                         67,948 
       72  MOTOR VEHICLES & LISTED PROPE                  104,740 
       73  BUILDINGS                                       24,689 
       74  OWNED LAND                                     359,354 
       75  TOTAL ASSETS                                   823,174 
       76  NET WORTH                                      538,982 
      
       LABOR
       77  NUMBER OF OPERATORS                                .99 
       78  NUMBER OF WORKERS                                 1.45 
       79  TOTAL WORK DAYS                                    326 
       80  VALUE FARM PRODUCTION/WORKER                   191,148 
       81  NET FARM INCOME/WORKER                          45,848 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   824,970 
       83  VALUE OF FARM PRODUCTION                       278,521 
       84  NET FARM INCOME                                 66,805 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           10.47 
       86  % TILLABLE LAND                                  64.91 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.38 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1858  1878    715  1608   1372  1719     
       89  NON-IRRIGATED CROP ACRES        1112  1832    406  1520    884  1606     
       90  IRRIGATED CROP ACRES             538   441    266   252    475   358     
       91  TOTAL CROP ACRES                1230  1841    448  1529    974  1622     
       92  PASTURE ACRES                    847  1380    379  1127    759  1003     
       93  FARMSTEAD ACRES                   74   875     58   800     70   253     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1202          1113  
       95  CROP MACHINERY INVESTMENT          149,175        124.12        133.99   
       96  CROP MACHINERY COST                 62,069         51.64         55.75   
       97  GROSS CROP VALUE                   233,848        191.47        206.70   
       98  CROP PRODUCTION COSTS              160,009        131.37        141.81   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           894    292    141   127.8   243   127.6   
      100  GRAIN SORGHUM                 1045    261    120    83.7   224    81.8   
      101  SOYBEANS                      1093    335    143    37.6   282    37.4   
      102  SUNFLOWERS                      78    137     83    37.5   131    12.6   
      103  WHEAT                         1538    482    180    38.4   410    38.1   
      104  OTHER CROPS                    133    126     95           128     
      105  ALFALFA                        595     92     53     3.7    95     4.4   
      106  OTHER HAY & FORAGE             973    129     75           112     
      107  VEGETABLES   
      108  TRUCK CROPS  
      109  FRUIT - FLOWERS - TREES  
      
       IRRIGATED ACRES                           AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
      110  CORN                           321    343    175   193.7   323   197.7   
      111  GRAIN SORGHUM                  109    123    109   113.1   112   100.7   
      112  SOYBEANS                       264    203    131    49.7   181    52.6   
      113  SUNFLOWERS                      35    147    123    17.0   119    15.6   
      114  WHEAT                          184    204    138    35.8   190    44.0   
      115  OTHER CROPS                     31    150     85           138     
      116  ALFALFA                         70    172    112     5.3   158     4.9   
      117  OTHER HAY & FORAGE              92    121     88           118     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           36 
      122  DAIRY COWS                                           3 
      123  EWES                                                 1 
      124  SOWS                                                 5 
      125  BEEF PURCH. FOR RESALE SALES                       107 
      126  SWINE PURCH. FOR RESALE SALES                       21 
      127  TURKEYS                                            714