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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR *** - 35 *** *** 36 - 40 ***
123 FARMS 115 FARMS
ITEM PER FARM PER FARM
1 BEEF 55,461 52,910
2 DAIRY AND MILK 5,721 35,373
3 SHEEP 4 143
4 SWINE 228 12,828
5 POULTRY AND EGGS 3,966 4,274
6 OTHER LIVESTOCK -457 -765
7 CUSTOM FEEDING 4,116 2,049
8 FEED PURCHASED -13,521 -33,373
9 LIVESTOCK INCOME $ 55,518 $ 73,439
10 CORN 50,372 76,750
11 GRAIN SORGHUM 12,763 11,477
12 SOYBEANS 26,245 43,067
13 SUNFLOWERS 2,370 1,811
14 WHEAT 24,220 34,220
15 HAY AND FORAGE 11,237 5,431
16 OTHER CROP 2,098 2,727
17 GOVERNMENT PAYMENTS 21,226 29,844
18 CROP INSURANCE PROCEEDS 11,893 15,319
19 OTHER INCOME 24,001 17,970
20 VALUE OF FARM PRODUCTION $ 241,944 $ 312,056
21 HIRED LABOR 4,560 12,044
22 MACHINERY REPAIRS 19,543 20,832
23 IRRIGATION REPAIRS 1,301 1,680
24 BUILDING REPAIRS 1,128 2,212
25 INTEREST PAID 13,783 16,368
26 SEED-OTHER CROP EXPENSE 15,125 23,729
27 CROP INSURANCE 5,836 7,500
28 FERTILIZER-LIME 21,653 29,602
29 MACHINE HIRE 8,553 12,362
30 ORGANIZATION FEE, PUBLICATION 2,143 2,819
31 VET-MED-DRUGS 2,871 3,989
32 CROP STORAGE-MARKETING 1,120 2,001
33 LIVESTOCK MARKETING-BREEDING 1,080 2,458
34 DAIRY EXPENSE 393 2,165
35 GAS-FUEL-OIL 10,078 13,997
36 IRRIGATION ENERGY 6,923 9,303
37 REAL ESTATE TAXES 1,801 3,083
38 PERSONAL PROPERTY TAXES 729 690
39 GENERAL FARM INSURANCE 3,206 5,103
40 UTILITIES 3,370 5,304
41 CASH FARM RENT 18,681 18,955
42 HERBICIDE-INSECTICIDE 13,308 17,204
43 CONSERVATION 140 251
44 AUTO EXPENSE 1,139 982
45 TOTAL OPERATING EXPENSE $ 158,463 $ 214,631
46 DEPRECIATION-MACHINERY 18,190 23,620
47 DEPRECIATION-BUILDINGS 2,019 3,222
48 TOTAL FARM EXPENSE $ 178,672 $ 241,473
49 NET FARM INCOME $ 63,272 $ 70,583
50 UNPAID FAMILY LABOR 1,024 2,172
51 UNPAID OPERATOR LABOR 24,673 27,000
52 MANAGEMENT CHARGE 13,670 16,100
53 CURRENT ASSET CHARGE - 8% 7,339 9,821
54 NONCURRENT ASSET CHARGE - 8% 9,731 18,457
55 RETURN LABOR-MANAGEMENT 45,177 40,133
56 RETURN TO CAPITAL 37,687 41,679
57 ASSET TURNOVER RATIO .5264 .4579
58 OPERATING PROFIT MARGIN RATIO .1558 .1336
59 % RETURN ON ASSETS .0820 .0612
60 % RETURN ON EQUITY .1120 .0716
61 TOTAL EXPENSE RATIO .7385 .7738
62 ADJUSTED TOTAL EXPENSE RATIO .9012 .9189
63 ECONOMIC TOTAL EXPENSE RATIO .9718 1.0095
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 153,276 187,569 219,813 249,168
65 NONCURRENT ASSETS 270,457 307,881 417,098 476,950
66 CURRENT LIABILITIES 70,566 86,811 103,831 119,622
67 NONCURRENT LIABILITIES 160,933 174,124 199,061 233,555
68 CURRENT RATIO 2.17 2.16 2.12 2.08
69 DEBT TO ASSET RATIO .55 .53 .48 .49
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR *** - 35 *** *** 36 - 40 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 31,297 43,166
71 MACHINERY AND EQUIPMENT 50,639 73,183
72 MOTOR VEHICLES & LISTED PROPE 65,450 100,970
73 BUILDINGS 18,244 28,352
74 OWNED LAND 148,289 232,850
75 TOTAL ASSETS 459,592 681,514
76 NET WORTH 213,374 353,480
LABOR
77 NUMBER OF OPERATORS .91 1.00
78 NUMBER OF WORKERS 1.12 1.50
79 TOTAL WORK DAYS 273 379
80 VALUE FARM PRODUCTION/WORKER 215,022 207,316
81 NET FARM INCOME/WORKER 56,231 46,892
PER OPERATOR BASIS
82 TOTAL ASSETS 502,934 681,514
83 VALUE OF FARM PRODUCTION 264,760 312,056
84 NET FARM INCOME 69,238 70,583
OTHER FACTORS
85 % CROP ACRES IRRIGATED 12.85 16.74
86 % TILLABLE LAND 64.59 75.45
87 CROP MACH COST/TOT EXPENSE(%) 24.89 29.03
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1591 122 377 85 1409 115 1748 115 449 92 1453 110
89 NON-IRRIGATED CROP ACRES 950 115 237 75 888 103 1128 112 319 82 945 106
90 IRRIGATED CROP ACRES 596 27 223 13 528 25 705 36 298 19 597 33
91 TOTAL CROP ACRES 1062 118 269 77 987 106 1354 112 384 83 1131 106
92 PASTURE ACRES 806 84 197 55 861 66 669 71 159 51 758 52
93 FARMSTEAD ACRES 30 35 19 29 44 11 38 48 31 42 39 13
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1019 960 1319 1281
95 CROP MACHINERY INVESTMENT 100,796 98.92 105.01 154,448 117.08 120.55
96 CROP MACHINERY COST 44,477 43.65 46.34 70,104 53.14 54.72
97 GROSS CROP VALUE 208,170 199.32 211.59 292,901 218.17 224.64
98 CROP PRODUCTION COSTS 124,851 118.55 125.85 185,691 139.54 143.68
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 63 302 107 110.9 279 124.2 68 370 127 115.2 321 120.0
100 GRAIN SORGHUM 66 266 111 82.5 245 81.6 62 210 177 88.7 169 76.0
101 SOYBEANS 72 271 86 35.2 252 34.9 70 381 111 38.7 354 38.3
102 SUNFLOWERS 7 281 315 10.2 12 112 102 11.8
103 WHEAT 91 369 112 35.5 370 37.8 94 456 152 36.5 397 37.5
104 OTHER CROPS 5 53 26 12 104 20 163
105 ALFALFA 33 86 51 3.8 91 10.5 29 94 43 4.0 107 3.9
106 OTHER HAY & FORAGE 50 119 38 145 56 142 59 146
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 24 342 181 200.8 307 206.2 27 445 202 213.1 353 206.2
111 GRAIN SORGHUM 8 100 100 111.5 8 92 61 86.2
112 SOYBEANS 17 157 92 52.1 158 55.3 25 183 102 53.5 166 51.8
113 SUNFLOWERS 5 113 107 13.4 6 147 147 17.9
114 WHEAT 11 200 191 37.5 21 286 231 46.1 231 42.4
115 OTHER CROPS 5 157 133
116 ALFALFA 5 278 110 5.4 238 5.0 5 217 217 5.3
117 OTHER HAY & FORAGE 5 156 4 228
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 29 26
122 DAIRY COWS 2 10
123 EWES 1
124 SOWS 1
125 BEEF PURCH. FOR RESALE SALES 139 38
126 SWINE PURCH. FOR RESALE SALES 3 122
127 TURKEYS 2,833 1,154
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR *** 41 - 45 *** *** 46 - 50 ***
186 FARMS 285 FARMS
ITEM PER FARM PER FARM
1 BEEF 57,068 93,764
2 DAIRY AND MILK 23,139 10,773
3 SHEEP 894 759
4 SWINE 10,449 7,912
5 POULTRY AND EGGS 687 1,106
6 OTHER LIVESTOCK -647 -1,455
7 CUSTOM FEEDING 10,108 20,714
8 FEED PURCHASED -23,333 -42,821
9 LIVESTOCK INCOME $ 78,365 $ 90,753
10 CORN 53,611 52,318
11 GRAIN SORGHUM 19,305 18,425
12 SOYBEANS 33,614 41,588
13 SUNFLOWERS 1,043 1,348
14 WHEAT 40,802 43,763
15 HAY AND FORAGE 9,129 7,922
16 OTHER CROP 2,878 4,094
17 GOVERNMENT PAYMENTS 27,428 31,413
18 CROP INSURANCE PROCEEDS 15,090 14,176
19 OTHER INCOME 18,298 21,231
20 VALUE OF FARM PRODUCTION $ 299,563 $ 327,031
21 HIRED LABOR 9,834 14,978
22 MACHINERY REPAIRS 20,420 24,854
23 IRRIGATION REPAIRS 1,643 1,423
24 BUILDING REPAIRS 1,528 1,805
25 INTEREST PAID 15,767 17,802
26 SEED-OTHER CROP EXPENSE 21,186 23,681
27 CROP INSURANCE 7,098 6,790
28 FERTILIZER-LIME 29,749 29,088
29 MACHINE HIRE 13,387 12,183
30 ORGANIZATION FEE, PUBLICATION 2,942 3,468
31 VET-MED-DRUGS 4,134 4,942
32 CROP STORAGE-MARKETING 1,331 1,862
33 LIVESTOCK MARKETING-BREEDING 3,611 6,220
34 DAIRY EXPENSE 1,224 868
35 GAS-FUEL-OIL 12,932 15,557
36 IRRIGATION ENERGY 7,563 7,677
37 REAL ESTATE TAXES 3,576 4,175
38 PERSONAL PROPERTY TAXES 802 989
39 GENERAL FARM INSURANCE 4,528 5,531
40 UTILITIES 4,233 4,405
41 CASH FARM RENT 19,175 21,403
42 HERBICIDE-INSECTICIDE 16,956 17,918
43 CONSERVATION 614 338
44 AUTO EXPENSE 927 902
45 TOTAL OPERATING EXPENSE $ 205,162 $ 228,860
46 DEPRECIATION-MACHINERY 20,840 24,086
47 DEPRECIATION-BUILDINGS 2,668 2,545
48 TOTAL FARM EXPENSE $ 228,669 $ 255,492
49 NET FARM INCOME $ 70,894 $ 71,539
50 UNPAID FAMILY LABOR 1,500 2,337
51 UNPAID OPERATOR LABOR 27,479 28,412
52 MANAGEMENT CHARGE 16,002 16,853
53 CURRENT ASSET CHARGE - 8% 9,921 11,329
54 NONCURRENT ASSET CHARGE - 8% 21,736 28,379
55 RETURN LABOR-MANAGEMENT 37,737 29,495
56 RETURN TO CAPITAL 41,680 41,739
57 ASSET TURNOVER RATIO .4310 .3984
58 OPERATING PROFIT MARGIN RATIO .1391 .1276
59 % RETURN ON ASSETS .0600 .0508
60 % RETURN ON EQUITY .0655 .0482
61 TOTAL EXPENSE RATIO .7633 .7812
62 ADJUSTED TOTAL EXPENSE RATIO .9135 .9268
63 ECONOMIC TOTAL EXPENSE RATIO 1.0192 1.0482
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 205,107 242,501 251,013 284,990
65 NONCURRENT ASSETS 455,742 486,644 535,847 569,946
66 CURRENT LIABILITIES 94,622 104,971 119,693 133,085
67 NONCURRENT LIABILITIES 192,280 206,698 192,074 204,256
68 CURRENT RATIO 2.17 2.31 2.10 2.14
69 DEBT TO ASSET RATIO .43 .43 .40 .39
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR *** 41 - 45 *** *** 46 - 50 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 46,200 48,344
71 MACHINERY AND EQUIPMENT 66,221 83,552
72 MOTOR VEHICLES & LISTED PROPE 94,301 116,714
73 BUILDINGS 23,556 24,748
74 OWNED LAND 275,693 314,136
75 TOTAL ASSETS 694,997 820,898
76 NET WORTH 395,711 496,344
LABOR
77 NUMBER OF OPERATORS 1.01 1.05
78 NUMBER OF WORKERS 1.36 1.57
79 TOTAL WORK DAYS 330 347
80 VALUE FARM PRODUCTION/WORKER 219,193 208,230
81 NET FARM INCOME/WORKER 51,874 45,551
PER OPERATOR BASIS
82 TOTAL ASSETS 682,881 780,114
83 VALUE OF FARM PRODUCTION 294,341 310,783
84 NET FARM INCOME 69,658 67,985
OTHER FACTORS
85 % CROP ACRES IRRIGATED 13.72 13.71
86 % TILLABLE LAND 70.25 64.87
87 CROP MACH COST/TOT EXPENSE(%) 28.09 28.19
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1725 186 496 153 1346 182 2085 283 632 241 1609 272
89 NON-IRRIGATED CROP ACRES 1081 180 285 139 911 170 1224 278 365 230 978 262
90 IRRIGATED CROP ACRES 583 53 208 32 527 46 624 84 243 43 568 74
91 TOTAL CROP ACRES 1239 182 326 142 1035 173 1372 279 408 231 1088 265
92 PASTURE ACRES 751 135 361 104 597 107 948 208 332 158 832 174
93 FARMSTEAD ACRES 48 84 28 74 69 29 77 130 47 116 111 41
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1212 1172 1343 1258
95 CROP MACHINERY INVESTMENT 139,206 114.85 118.79 172,921 128.77 137.44
96 CROP MACHINERY COST 64,241 53.00 54.82 72,029 53.64 57.25
97 GROSS CROP VALUE 258,702 211.15 218.39 270,031 198.27 211.61
98 CROP PRODUCTION COSTS 171,768 140.20 145.00 191,780 140.31 149.76
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 98 266 115 124.6 233 128.4 141 284 129 128.6 216 127.6
100 GRAIN SORGHUM 111 286 95 85.3 269 88.7 167 300 120 88.5 258 83.5
101 SOYBEANS 110 294 93 37.5 256 37.8 171 335 119 38.9 279 37.8
102 SUNFLOWERS 12 129 47 13.3 119 15.1 12 95 71 14.5 90 12.7
103 WHEAT 156 474 132 39.2 416 40.8 238 523 170 39.3 437 38.3
104 OTHER CROPS 21 112 74 111 16 75 66 60
105 ALFALFA 66 87 44 3.7 83 3.7 98 87 46 3.8 82 3.7
106 OTHER HAY & FORAGE 102 112 58 95 145 147 66 128
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 42 332 133 200.0 293 199.7 60 420 133 195.1 417 197.6
111 GRAIN SORGHUM 19 170 114 119.2 159 93.6 17 172 197 107.4 146 89.7
112 SOYBEANS 29 258 90 45.9 263 54.2 55 223 151 50.4 180 50.4
113 SUNFLOWERS 6 155 60 20.3 138 14.3
114 WHEAT 24 185 109 41.8 173 52.9 37 218 110 32.2 207 38.9
115 OTHER CROPS 5 126 96 8 171 160
116 ALFALFA 10 170 133 5.1 128 4.4 15 146 143 5.0 121 5.1
117 OTHER HAY & FORAGE 12 105 79 123 14 129 54 118
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 32 36
122 DAIRY COWS 5 3
123 EWES 1
124 SOWS 5 4
125 BEEF PURCH. FOR RESALE SALES 82 147
126 SWINE PURCH. FOR RESALE SALES 36 26
127 TURKEYS 360 551
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR *** 51 - 55 *** *** 56 - 60 ***
300 FARMS 277 FARMS
ITEM PER FARM PER FARM
1 BEEF 71,249 91,892
2 DAIRY AND MILK 24,731 12,446
3 SHEEP 1,462 37
4 SWINE 5,993 19,597
5 POULTRY AND EGGS 1,180 2,390
6 OTHER LIVESTOCK -666 -1,419
7 CUSTOM FEEDING 7,409 8,985
8 FEED PURCHASED -26,296 -48,056
9 LIVESTOCK INCOME $ 85,062 $ 85,872
10 CORN 46,262 55,657
11 GRAIN SORGHUM 17,739 14,442
12 SOYBEANS 46,651 43,913
13 SUNFLOWERS 1,346 919
14 WHEAT 43,777 39,599
15 HAY AND FORAGE 11,409 13,064
16 OTHER CROP 4,255 3,995
17 GOVERNMENT PAYMENTS 27,526 29,136
18 CROP INSURANCE PROCEEDS 11,229 11,628
19 OTHER INCOME 17,150 14,065
20 VALUE OF FARM PRODUCTION $ 312,404 $ 312,290
21 HIRED LABOR 14,863 14,592
22 MACHINERY REPAIRS 24,307 24,134
23 IRRIGATION REPAIRS 928 679
24 BUILDING REPAIRS 1,921 1,792
25 INTEREST PAID 17,992 20,476
26 SEED-OTHER CROP EXPENSE 19,868 20,534
27 CROP INSURANCE 6,006 6,673
28 FERTILIZER-LIME 28,403 28,216
29 MACHINE HIRE 10,620 10,689
30 ORGANIZATION FEE, PUBLICATION 3,053 2,898
31 VET-MED-DRUGS 3,849 4,196
32 CROP STORAGE-MARKETING 1,269 1,481
33 LIVESTOCK MARKETING-BREEDING 2,906 2,188
34 DAIRY EXPENSE 1,622 817
35 GAS-FUEL-OIL 14,918 15,410
36 IRRIGATION ENERGY 4,007 2,297
37 REAL ESTATE TAXES 4,346 5,543
38 PERSONAL PROPERTY TAXES 849 992
39 GENERAL FARM INSURANCE 5,291 5,551
40 UTILITIES 5,366 5,050
41 CASH FARM RENT 21,788 15,437
42 HERBICIDE-INSECTICIDE 18,690 15,901
43 CONSERVATION 469 651
44 AUTO EXPENSE 923 821
45 TOTAL OPERATING EXPENSE $ 214,256 $ 207,020
46 DEPRECIATION-MACHINERY 24,005 22,883
47 DEPRECIATION-BUILDINGS 3,260 2,953
48 TOTAL FARM EXPENSE $ 241,521 $ 232,856
49 NET FARM INCOME $ 70,883 $ 79,434
50 UNPAID FAMILY LABOR 1,673 2,047
51 UNPAID OPERATOR LABOR 29,295 26,903
52 MANAGEMENT CHARGE 16,755 18,489
53 CURRENT ASSET CHARGE - 8% 11,441 11,100
54 NONCURRENT ASSET CHARGE - 8% 30,234 36,659
55 RETURN LABOR-MANAGEMENT 27,536 29,629
56 RETURN TO CAPITAL 41,153 52,472
57 ASSET TURNOVER RATIO .3705 .3167
58 OPERATING PROFIT MARGIN RATIO .1317 .1680
59 % RETURN ON ASSETS .0488 .0532
60 % RETURN ON EQUITY .0445 .0536
61 TOTAL EXPENSE RATIO .7731 .7456
62 ADJUSTED TOTAL EXPENSE RATIO .9259 .8975
63 ECONOMIC TOTAL EXPENSE RATIO 1.0593 1.0505
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 237,897 271,894 265,823 309,820
65 NONCURRENT ASSETS 572,477 604,149 683,956 712,752
66 CURRENT LIABILITIES 105,342 118,414 139,020 159,127
67 NONCURRENT LIABILITIES 207,712 213,074 236,310 243,931
68 CURRENT RATIO 2.26 2.30 1.91 1.95
69 DEBT TO ASSET RATIO .39 .38 .40 .39
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR *** 51 - 55 *** *** 56 - 60 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 57,884 46,949
71 MACHINERY AND EQUIPMENT 75,721 74,315
72 MOTOR VEHICLES & LISTED PROPE 118,283 122,040
73 BUILDINGS 30,014 31,719
74 OWNED LAND 342,135 450,596
75 TOTAL ASSETS 843,208 986,175
76 NET WORTH 520,937 596,980
LABOR
77 NUMBER OF OPERATORS 1.08 .99
78 NUMBER OF WORKERS 1.64 1.55
79 TOTAL WORK DAYS 374 376
80 VALUE FARM PRODUCTION/WORKER 190,452 201,267
81 NET FARM INCOME/WORKER 43,213 51,194
PER OPERATOR BASIS
82 TOTAL ASSETS 777,150 989,748
83 VALUE OF FARM PRODUCTION 287,930 313,422
84 NET FARM INCOME 65,330 79,722
OTHER FACTORS
85 % CROP ACRES IRRIGATED 9.07 7.34
86 % TILLABLE LAND 65.45 64.39
87 CROP MACH COST/TOT EXPENSE(%) 28.97 30.51
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2068 300 691 253 1536 290 2038 277 844 248 1398 254
89 NON-IRRIGATED CROP ACRES 1251 295 407 242 974 278 1243 271 499 238 912 239
90 IRRIGATED CROP ACRES 491 75 263 40 405 65 468 57 271 31 406 45
91 TOTAL CROP ACRES 1376 295 448 243 1065 279 1336 272 535 238 980 241
92 PASTURE ACRES 944 216 327 177 864 169 855 219 375 189 746 156
93 FARMSTEAD ACRES 80 131 67 120 61 41 95 144 84 133 65 40
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1353 1284 1312 1237
95 CROP MACHINERY INVESTMENT 168,422 124.46 131.15 170,944 130.27 138.19
96 CROP MACHINERY COST 69,977 51.71 54.49 71,047 54.14 57.43
97 GROSS CROP VALUE 267,800 195.91 206.44 257,606 192.78 204.49
98 CROP PRODUCTION COSTS 181,113 132.05 139.15 177,576 133.37 141.48
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 151 306 123 129.5 266 132.4 124 371 211 135.5 253 135.9
100 GRAIN SORGHUM 181 285 105 84.4 236 82.4 146 274 135 77.2 214 75.2
101 SOYBEANS 185 401 157 37.1 332 37.7 163 407 200 36.8 311 37.4
102 SUNFLOWERS 13 194 99 13.2 170 12.9 9 115 115 14.9 92 12.5
103 WHEAT 252 541 191 37.9 439 38.1 230 551 221 38.1 449 36.7
104 OTHER CROPS 16 254 117 312 23 125 120 92
105 ALFALFA 116 102 60 3.8 98 3.5 98 119 60 3.5 131 4.9
106 OTHER HAY & FORAGE 165 130 72 113 152 134 87 106
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 48 314 162 195.4 302 194.7 42 325 191 194.2 307 196.4
111 GRAIN SORGHUM 12 105 107 120.1 80 109.0 16 93 54 103.7 92 119.9
112 SOYBEANS 42 220 147 48.7 187 52.7 36 182 126 51.7 163 56.0
113 SUNFLOWERS 7 167 98 17.5 4 221
114 WHEAT 26 165 72 39.7 167 41.3 19 143 76 37.1 162 47.8
115 OTHER CROPS 6 167 176
116 ALFALFA 11 271 160 5.8 221 4.3 6 61 63 5.3
117 OTHER HAY & FORAGE 19 118 88 111 10 156 150
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 42 33
122 DAIRY COWS 5 3
123 EWES 6
124 SOWS 6 9
125 BEEF PURCH. FOR RESALE SALES 85 146
126 SWINE PURCH. FOR RESALE SALES 27
127 TURKEYS 555 1,231
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR *** 61 - 65 *** *** 66 - 70 ***
200 FARMS 154 FARMS
ITEM PER FARM PER FARM
1 BEEF 88,598 74,351
2 DAIRY AND MILK 10,962 6,943
3 SHEEP 218 90
4 SWINE 4,645 3,404
5 POULTRY AND EGGS 553 973
6 OTHER LIVESTOCK 2,670 -170
7 CUSTOM FEEDING 2,649 1,563
8 FEED PURCHASED -30,727 -25,230
9 LIVESTOCK INCOME $ 79,569 $ 61,923
10 CORN 41,777 33,024
11 GRAIN SORGHUM 17,449 11,955
12 SOYBEANS 47,698 28,310
13 SUNFLOWERS 402 348
14 WHEAT 48,068 32,613
15 HAY AND FORAGE 7,906 3,174
16 OTHER CROP 1,764 733
17 GOVERNMENT PAYMENTS 25,732 23,029
18 CROP INSURANCE PROCEEDS 5,745 10,103
19 OTHER INCOME 13,399 11,283
20 VALUE OF FARM PRODUCTION $ 289,510 $ 216,493
21 HIRED LABOR 13,637 9,689
22 MACHINERY REPAIRS 20,245 16,926
23 IRRIGATION REPAIRS 957 1,414
24 BUILDING REPAIRS 1,759 1,583
25 INTEREST PAID 13,325 11,942
26 SEED-OTHER CROP EXPENSE 18,643 12,113
27 CROP INSURANCE 5,528 4,764
28 FERTILIZER-LIME 29,239 18,311
29 MACHINE HIRE 11,018 8,873
30 ORGANIZATION FEE, PUBLICATION 2,767 2,645
31 VET-MED-DRUGS 4,236 2,585
32 CROP STORAGE-MARKETING 1,284 662
33 LIVESTOCK MARKETING-BREEDING 2,853 3,739
34 DAIRY EXPENSE 1,181 289
35 GAS-FUEL-OIL 13,132 11,252
36 IRRIGATION ENERGY 2,102 3,803
37 REAL ESTATE TAXES 5,489 4,937
38 PERSONAL PROPERTY TAXES 818 698
39 GENERAL FARM INSURANCE 4,948 4,066
40 UTILITIES 4,545 4,141
41 CASH FARM RENT 16,805 11,732
42 HERBICIDE-INSECTICIDE 14,403 12,569
43 CONSERVATION 370 247
44 AUTO EXPENSE 777 796
45 TOTAL OPERATING EXPENSE $ 190,061 $ 149,775
46 DEPRECIATION-MACHINERY 21,713 16,063
47 DEPRECIATION-BUILDINGS 2,214 1,728
48 TOTAL FARM EXPENSE $ 213,987 $ 167,566
49 NET FARM INCOME $ 75,522 $ 48,928
50 UNPAID FAMILY LABOR 1,463 1,490
51 UNPAID OPERATOR LABOR 28,404 25,194
52 MANAGEMENT CHARGE 17,378 12,266
53 CURRENT ASSET CHARGE - 8% 13,588 12,279
54 NONCURRENT ASSET CHARGE - 8% 42,260 42,335
55 RETURN LABOR-MANAGEMENT 18,212 -7,177
56 RETURN TO CAPITAL 41,602 21,919
57 ASSET TURNOVER RATIO .2989 .2423
58 OPERATING PROFIT MARGIN RATIO .1437 .1012
59 % RETURN ON ASSETS .0429 .0245
60 % RETURN ON EQUITY .0405 .0146
61 TOTAL EXPENSE RATIO .7391 .7740
62 ADJUSTED TOTAL EXPENSE RATIO .9023 .9539
63 ECONOMIC TOTAL EXPENSE RATIO 1.0952 1.2062
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 282,541 303,780 219,482 250,992
65 NONCURRENT ASSETS 660,557 690,457 652,213 663,934
66 CURRENT LIABILITIES 123,736 122,887 80,912 82,579
67 NONCURRENT LIABILITIES 144,285 150,225 125,914 131,865
68 CURRENT RATIO 2.28 2.47 2.71 3.04
69 DEBT TO ASSET RATIO .28 .27 .24 .23
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR *** 61 - 65 *** *** 66 - 70 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 44,972 39,149
71 MACHINERY AND EQUIPMENT 71,866 60,999
72 MOTOR VEHICLES & LISTED PROPE 121,947 97,993
73 BUILDINGS 22,414 17,727
74 OWNED LAND 437,712 457,722
75 TOTAL ASSETS 968,667 893,310
76 NET WORTH 698,101 682,675
LABOR
77 NUMBER OF OPERATORS 1.05 .93
78 NUMBER OF WORKERS 1.59 1.28
79 TOTAL WORK DAYS 350 266
80 VALUE FARM PRODUCTION/WORKER 182,081 168,384
81 NET FARM INCOME/WORKER 47,498 38,055
PER OPERATOR BASIS
82 TOTAL ASSETS 920,786 957,340
83 VALUE OF FARM PRODUCTION 275,199 232,011
84 NET FARM INCOME 71,789 52,435
OTHER FACTORS
85 % CROP ACRES IRRIGATED 7.51 9.84
86 % TILLABLE LAND 64.43 64.17
87 CROP MACH COST/TOT EXPENSE(%) 31.42 32.35
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1962 198 812 179 1390 182 1776 154 921 137 1076 137
89 NON-IRRIGATED CROP ACRES 1199 193 461 172 905 168 1048 151 526 132 711 125
90 IRRIGATED CROP ACRES 482 39 281 25 392 30 454 38 315 24 441 22
91 TOTAL CROP ACRES 1290 194 502 172 970 169 1155 152 583 132 776 127
92 PASTURE ACRES 854 155 421 129 747 118 842 109 452 98 688 69
93 FARMSTEAD ACRES 55 103 48 98 40 26 78 80 64 75 54 26
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1251 1209 1140 911
95 CROP MACHINERY INVESTMENT 166,964 133.44 138.10 140,558 123.33 154.37
96 CROP MACHINERY COST 67,233 53.74 55.61 54,205 47.56 59.53
97 GROSS CROP VALUE 251,163 196.72 203.59 180,720 156.50 195.90
98 CROP PRODUCTION COSTS 168,084 132.32 136.94 132,468 115.47 144.54
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 102 267 166 139.5 200 128.4 66 230 132 113.4 194 106.3
100 GRAIN SORGHUM 116 283 151 90.2 220 91.0 78 241 136 81.2 175 73.9
101 SOYBEANS 131 376 175 37.3 296 37.8 78 269 136 38.5 199 38.3
102 SUNFLOWERS 5 85 85 11.7 4 42
103 WHEAT 167 536 184 42.4 454 41.5 120 442 223 36.2 334 34.5
104 OTHER CROPS 10 71 39 69 11 98 135 26
105 ALFALFA 68 99 48 3.8 111 4.2 40 68 59 3.4 60 4.1
106 OTHER HAY & FORAGE 115 124 80 98 73 141 102 90
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 31 286 170 184.6 249 189.6 29 298 212 189.6 323 188.8
111 GRAIN SORGHUM 11 85 68 110.5 87 80.4 10 99 94 96.4
112 SOYBEANS 27 193 129 47.9 166 54.8 15 195 143 58.6 169 56.1
113 SUNFLOWERS
114 WHEAT 14 234 214 38.5 157 57.4 19 200 144 36.7 221 41.4
115 OTHER CROPS
116 ALFALFA 9 157 92 4.9 173 5.0
117 OTHER HAY & FORAGE 11 103 111 36 9 91 41 144
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 49 37
122 DAIRY COWS 3 3
123 EWES 3
124 SOWS 2 3
125 BEEF PURCH. FOR RESALE SALES 152 84
126 SWINE PURCH. FOR RESALE SALES 7
127 TURKEYS 335
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY AGE OF OPERATOR *** 71 - *** *** - ***
241 FARMS
ITEM PER FARM PER FARM
1 BEEF 48,219
2 DAIRY AND MILK 1,875
3 SHEEP 162
4 SWINE 29,480
5 POULTRY AND EGGS 449
6 OTHER LIVESTOCK 22
7 CUSTOM FEEDING 461
8 FEED PURCHASED -23,915
9 LIVESTOCK INCOME $ 56,752
10 CORN 16,599
11 GRAIN SORGHUM 6,989
12 SOYBEANS 16,141
13 SUNFLOWERS -1
14 WHEAT 21,391
15 HAY AND FORAGE 3,483
16 OTHER CROP 2,817
17 GOVERNMENT PAYMENTS 16,013
18 CROP INSURANCE PROCEEDS 5,040
19 OTHER INCOME 3,575
20 VALUE OF FARM PRODUCTION $ 148,799
21 HIRED LABOR 8,817
22 MACHINERY REPAIRS 10,836
23 IRRIGATION REPAIRS 545
24 BUILDING REPAIRS 1,498
25 INTEREST PAID 5,132
26 SEED-OTHER CROP EXPENSE 8,126
27 CROP INSURANCE 2,198
28 FERTILIZER-LIME 13,228
29 MACHINE HIRE 5,030
30 ORGANIZATION FEE, PUBLICATION 1,839
31 VET-MED-DRUGS 1,469
32 CROP STORAGE-MARKETING 720
33 LIVESTOCK MARKETING-BREEDING 1,838
34 DAIRY EXPENSE 75
35 GAS-FUEL-OIL 7,673
36 IRRIGATION ENERGY 1,845
37 REAL ESTATE TAXES 4,531
38 PERSONAL PROPERTY TAXES 578
39 GENERAL FARM INSURANCE 3,152
40 UTILITIES 3,297
41 CASH FARM RENT 6,729
42 HERBICIDE-INSECTICIDE 6,146
43 CONSERVATION 201
44 AUTO EXPENSE 715
45 TOTAL OPERATING EXPENSE $ 96,220
46 DEPRECIATION-MACHINERY 10,827
47 DEPRECIATION-BUILDINGS 1,758
48 TOTAL FARM EXPENSE $ 108,805
49 NET FARM INCOME $ 39,995
50 UNPAID FAMILY LABOR 859
51 UNPAID OPERATOR LABOR 22,956
52 MANAGEMENT CHARGE 10,080
53 CURRENT ASSET CHARGE - 8% 13,359
54 NONCURRENT ASSET CHARGE - 8% 41,340
55 RETURN LABOR-MANAGEMENT -15,563
56 RETURN TO CAPITAL 11,232
57 ASSET TURNOVER RATIO .1877
58 OPERATING PROFIT MARGIN RATIO .0755
59 % RETURN ON ASSETS .0142
60 % RETURN ON EQUITY .0089
61 TOTAL EXPENSE RATIO .7312
62 ADJUSTED TOTAL EXPENSE RATIO .9590
63 ECONOMIC TOTAL EXPENSE RATIO 1.3266
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 205,548 219,453
65 NONCURRENT ASSETS 577,276 583,637
66 CURRENT LIABILITIES 44,821 46,215
67 NONCURRENT LIABILITIES 66,229 61,176
68 CURRENT RATIO 4.59 4.75
69 DEBT TO ASSET RATIO .14 .13
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY AGE OF OPERATOR *** 71 - *** *** - ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 29,292
71 MACHINERY AND EQUIPMENT 40,911
72 MOTOR VEHICLES & LISTED PROPE 73,802
73 BUILDINGS 18,634
74 OWNED LAND 430,173
75 TOTAL ASSETS 792,957
76 NET WORTH 683,736
LABOR
77 NUMBER OF OPERATORS .85
78 NUMBER OF WORKERS 1.17
79 TOTAL WORK DAYS 198
80 VALUE FARM PRODUCTION/WORKER 126,359
81 NET FARM INCOME/WORKER 33,963
PER OPERATOR BASIS
82 TOTAL ASSETS 932,663
83 VALUE OF FARM PRODUCTION 175,015
84 NET FARM INCOME 47,041
OTHER FACTORS
85 % CROP ACRES IRRIGATED 6.72
86 % TILLABLE LAND 55.91
87 CROP MACH COST/TOT EXPENSE(%) 31.45
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1325 240 870 217 801 174
89 NON-IRRIGATED CROP ACRES 709 234 401 207 545 152
90 IRRIGATED CROP ACRES 398 30 337 23 262 16
91 TOTAL CROP ACRES 760 234 437 208 569 153
92 PASTURE ACRES 713 181 545 164 552 90
93 FARMSTEAD ACRES 94 119 76 112 102 26
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 738 583
95 CROP MACHINERY INVESTMENT 92,816 125.78 159.29
96 CROP MACHINERY COST 34,221 46.37 58.73
97 GROSS CROP VALUE 105,899 140.53 177.98
98 CROP PRODUCTION COSTS 83,333 112.46 142.42
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 79 182 105 130.1 199 130.8
100 GRAIN SORGHUM 117 147 90 80.9 143 78.0
101 SOYBEANS 112 178 116 37.8 149 35.3
102 SUNFLOWERS
103 WHEAT 188 313 165 37.9 274 36.3
104 OTHER CROPS 19 154 113 211
105 ALFALFA 47 48 43 3.7 43 3.8
106 OTHER HAY & FORAGE 113 110 78 103
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 17 260 234 173.0 153 197.3
111 GRAIN SORGHUM 8 133 111 102.6
112 SOYBEANS 17 150 148 40.2 119 45.6
113 SUNFLOWERS
114 WHEAT 12 229 192 29.0 203 47.5
115 OTHER CROPS
116 ALFALFA 5 113 49 5.8
117 OTHER HAY & FORAGE 7 84 52
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 30
122 DAIRY COWS
123 EWES
124 SOWS 7
125 BEEF PURCH. FOR RESALE SALES 49
126 SWINE PURCH. FOR RESALE SALES 7
127 TURKEYS 269
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