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       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
                                                        182 FARMS                                  80 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           112,433                                   112,575 
        2  DAIRY AND MILK                                  39,584                                    57,367 
        3  SHEEP                                            1,821                                       -10 
        4  SWINE                                           37,625                                    14,389 
        5  POULTRY AND EGGS                                 1,350 
        6  OTHER LIVESTOCK                                  1,684                                      -637 
        7  CUSTOM FEEDING                                  30,317                                    14,955 
        8  FEED PURCHASED                                 -73,314                                   -46,873 
        9     LIVESTOCK INCOME                       $    151,500                              $    151,766 
      
       10  CORN                                            88,776                                    67,769 
       11  GRAIN SORGHUM                                   22,299                                    28,676 
       12  SOYBEANS                                        80,476                                    69,050 
       13  SUNFLOWERS                                         905                                        78 
       14  WHEAT                                           62,639                                    48,738 
       15  HAY AND FORAGE                                   9,173                                     7,853 
       16  OTHER CROP                                       6,125                                     5,538 
       17  GOVERNMENT PAYMENTS                             44,567                                    40,038 
       18  CROP INSURANCE PROCEEDS                         14,576                                    10,633 
       19  OTHER INCOME                                    29,262                                    32,566 
       20     VALUE OF FARM PRODUCTION               $    510,297                              $    462,704 
      
       21  HIRED LABOR                                     36,991                                    21,414 
       22  MACHINERY REPAIRS                               34,776                                    30,836 
       23  IRRIGATION REPAIRS                               1,611                                       928 
       24  BUILDING REPAIRS                                 3,714                                     1,706 
       25  INTEREST PAID                                   20,015                                    19,854 
       26  SEED-OTHER CROP EXPENSE                         36,773                                    27,779 
       27  CROP INSURANCE                                   8,690                                     8,874 
       28  FERTILIZER-LIME                                 42,274                                    39,158 
       29  MACHINE HIRE                                    17,747                                    14,743 
       30  ORGANIZATION FEE, PUBLICATION                    5,258                                     5,060 
       31  VET-MED-DRUGS                                    7,509                                     5,612 
       32  CROP STORAGE-MARKETING                           2,948                                     2,330 
       33  LIVESTOCK MARKETING-BREEDING                     4,505                                     8,265 
       34  DAIRY EXPENSE                                    2,602                                     3,988 
       35  GAS-FUEL-OIL                                    20,784                                    22,947 
       36  IRRIGATION ENERGY                                7,337                                     3,719 
       37  REAL ESTATE TAXES                                6,536                                     4,960 
       38  PERSONAL PROPERTY TAXES                          1,329                                     1,289 
       39  GENERAL FARM INSURANCE                           8,443                                     7,106 
       40  UTILITIES                                        9,287                                     5,291 
       41  CASH FARM RENT                                  37,214                                    32,507 
       42  HERBICIDE-INSECTICIDE                           29,240                                    25,168 
       43  CONSERVATION                                       894                                       271 
       44  AUTO EXPENSE                                       521                                       608 
       45     TOTAL OPERATING EXPENSE                $    346,997                              $    294,413 
      
       46  DEPRECIATION-MACHINERY                          35,970                                    29,025 
       47  DEPRECIATION-BUILDINGS                           5,579                                     2,292 
       48     TOTAL FARM EXPENSE                     $    388,546                              $    325,730 
      
       49     NET FARM INCOME                        $    121,751                              $    136,974 
      
       50  UNPAID FAMILY LABOR                              1,471                                     1,153 
       51  UNPAID OPERATOR LABOR                           37,118                                    45,900 
       52  MANAGEMENT CHARGE                               27,730                                    29,294 
       53  CURRENT ASSET CHARGE - 8%                       21,438                                    17,161 
       54  NONCURRENT ASSET CHARGE - 8%                    50,535                                    37,291 
       55  RETURN LABOR-MANAGEMENT                         48,307                                    81,369 
       56  RETURN TO CAPITAL                               75,447                                    80,481 
       57  ASSET TURNOVER RATIO                             .3962                                     .4384 
       58  OPERATING PROFIT MARGIN RATIO                    .1478                                     .1739 
       59  % RETURN ON ASSETS                               .0586                                     .0763 
       60  % RETURN ON EQUITY                               .0616                                     .0891 
       61  TOTAL EXPENSE RATIO                              .7614                                     .7040 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8914                                     .8690 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0324                                     .9867 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          404,161               458,935             335,023               390,192    
       65  NONCURRENT ASSETS                       840,191               872,917             679,323               706,384    
       66  CURRENT LIABILITIES                     153,055               174,083             143,491               152,696    
       67  NONCURRENT LIABILITIES                  221,657               228,076             223,706               229,727    
       68  CURRENT RATIO                              2.64                  2.64                2.33                  2.56    
       69  DEBT TO ASSET RATIO                         .30                   .30                 .36                   .35    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              69,268                                    79,986 
       71  MACHINERY AND EQUIPMENT                        117,130                                   101,176 
       72  MOTOR VEHICLES & LISTED PROPE                  181,278                                   143,841 
       73  BUILDINGS                                       56,875                                    20,123 
       74  OWNED LAND                                     461,299                                   410,226 
       75  TOTAL ASSETS                                 1,288,102                                 1,055,460 
       76  NET WORTH                                      899,666                                   680,651 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.37                                      1.70 
       78  NUMBER OF WORKERS                                 2.50                                      2.36 
       79  TOTAL WORK DAYS                                    533                                       507 
       80  VALUE FARM PRODUCTION/WORKER                   203,582                                   195,543 
       81  NET FARM INCOME/WORKER                          48,572                                    57,887 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   936,988                                   620,859 
       83  VALUE OF FARM PRODUCTION                       371,199                                   272,179 
       84  NET FARM INCOME                                 88,564                                    80,573 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.68                                     10.72 
       86  % TILLABLE LAND                                  71.95                                     71.91 
       87  CROP MACH COST/TOT EXPENSE(%)                    25.47                                     26.90 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2631   182   1154   125   1945   172       2294    80    994    48   1835    74    
       89  NON-IRRIGATED CROP ACRES        1777   177    715   119   1425   161       1491    79    530    47   1272    73    
       90  IRRIGATED CROP ACRES             575    52    341    26    489    43        673    21    343    11    546    19    
       91  TOTAL CROP ACRES                1946   177    783   120   1556   161       1670    79    611    47   1414    73    
       92  PASTURE ACRES                   1018   120    575    74    884    90       1101    53    839    32    716    44    
       93  FARMSTEAD ACRES                  178    68    134    57    187    24         99    32     82    26    104    10    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1893          1742                        1649          1658  
       95  CROP MACHINERY INVESTMENT          250,865        132.54        144.00        212,534        128.86        128.17  
       96  CROP MACHINERY COST                 98,974         52.29         56.81         87,614         53.12         52.84  
       97  GROSS CROP VALUE                   410,582        213.34        231.80        369,832        221.42        220.25  
       98  CROP PRODUCTION COSTS              288,463        149.89        162.86        233,449        139.77        139.03  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           112    521    287   145.9   417   140.4     47    371    176   130.5   331   139.5  
      100  GRAIN SORGHUM                   93    406    240    80.0   351    84.5     44    473    207    88.6   434    85.3  
      101  SOYBEANS                       118    592    287    41.0   479    43.2     58    455    154    38.5   399    40.0  
      102  SUNFLOWERS                      10    155                  146    14.8   
      103  WHEAT                          147    640    276    40.9   567    41.4     67    585    225    41.2   553    43.3  
      104  OTHER CROPS                     14    162     80           233              5    163                  153    
      105  ALFALFA                         53    142     68     4.0   148     4.4     29    106     62     3.4   105     4.0  
      106  OTHER HAY & FORAGE              90    168    131           134             43    222    123           190    
      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                            38    330    224   199.5   297   200.9     19    363    168   188.7   309   191.5  
      111  GRAIN SORGHUM                   20    188    200   107.6   150   114.6   
      112  SOYBEANS                        31    199    138    45.1   191    55.0     18    324    217    46.2   269    53.9  
      113  SUNFLOWERS   
      114  WHEAT                           27    163    123    38.2   171    49.8      6    138                  122    58.2  
      115  OTHER CROPS                      4    181                  150     
      116  ALFALFA                          7    266    121     4.8   252     5.7   
      117  OTHER HAY & FORAGE               9     99     73           106              4    128 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           35                                        54 
      122  DAIRY COWS                                           9                                        13 
      123  EWES                                                 8 
      124  SOWS                                                14                                         7 
      125  BEEF PURCH. FOR RESALE SALES                       188                                       113 
      126  SWINE PURCH. FOR RESALE SALES                       84                                        79 
      127  TURKEYS                                            918 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                    PARTNERSHIP - PARTOWNER                     PARTNERSHIP - TENANT     
                                                         36 FARMS                                  27 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           176,740                                    87,999 
        2  DAIRY AND MILK                                  12,452                                    54,748 
        3  SHEEP                                               -5 
        4  SWINE                                          116,408                                    35,071 
        5  POULTRY AND EGGS                                                                              49 
        6  OTHER LIVESTOCK                                   -506                                    -3,004 
        7  CUSTOM FEEDING                                   7,291                                    24,978 
        8  FEED PURCHASED                                 -82,301                                   -61,613 
        9     LIVESTOCK INCOME                       $    230,080                              $    138,227 
      
       10  CORN                                            90,695                                   132,230 
       11  GRAIN SORGHUM                                   20,090                                    13,652 
       12  SOYBEANS                                        76,432                                    36,110 
       13  SUNFLOWERS                                         337                                     1,618 
       14  WHEAT                                           50,919                                    50,749 
       15  HAY AND FORAGE                                  34,868                                     9,086 
       16  OTHER CROP                                      20,128                                     8,637 
       17  GOVERNMENT PAYMENTS                             44,441                                    49,262 
       18  CROP INSURANCE PROCEEDS                         11,020                                    14,281 
       19  OTHER INCOME                                    17,049                                    18,318 
       20     VALUE OF FARM PRODUCTION               $    596,059                              $    472,170 
      
       21  HIRED LABOR                                     35,748                                    25,529 
       22  MACHINERY REPAIRS                               41,284                                    37,480 
       23  IRRIGATION REPAIRS                               1,284                                     5,009 
       24  BUILDING REPAIRS                                 4,303                                     2,091 
       25  INTEREST PAID                                   29,693                                    25,490 
       26  SEED-OTHER CROP EXPENSE                         36,682                                    41,252 
       27  CROP INSURANCE                                   8,968                                    10,595 
       28  FERTILIZER-LIME                                 49,550                                    36,466 
       29  MACHINE HIRE                                    12,218                                    27,847 
       30  ORGANIZATION FEE, PUBLICATION                    3,970                                     4,169 
       31  VET-MED-DRUGS                                    6,262                                     8,954 
       32  CROP STORAGE-MARKETING                           6,398                                     3,300 
       33  LIVESTOCK MARKETING-BREEDING                     8,370                                     2,737 
       34  DAIRY EXPENSE                                      747                                     3,987 
       35  GAS-FUEL-OIL                                    23,090                                    23,972 
       36  IRRIGATION ENERGY                                4,805                                    23,894 
       37  REAL ESTATE TAXES                                7,443                                     2,387 
       38  PERSONAL PROPERTY TAXES                          1,323                                     1,228 
       39  GENERAL FARM INSURANCE                           8,713                                     7,818 
       40  UTILITIES                                       12,555                                     8,013 
       41  CASH FARM RENT                                  35,945                                    31,079 
       42  HERBICIDE-INSECTICIDE                           25,757                                    30,207 
       43  CONSERVATION                                     1,066                                       231 
       44  AUTO EXPENSE                                       863                                       818 
       45     TOTAL OPERATING EXPENSE                $    367,036                              $    364,554 
      
       46  DEPRECIATION-MACHINERY                          32,236                                    23,481 
       47  DEPRECIATION-BUILDINGS                           6,207                                     8,533 
       48     TOTAL FARM EXPENSE                     $    405,480                              $    396,567 
      
       49     NET FARM INCOME                        $    190,579                              $     75,602 
      
       50  UNPAID FAMILY LABOR                                500                                     1,167 
       51  UNPAID OPERATOR LABOR                           48,000                                    42,100 
       52  MANAGEMENT CHARGE                               39,432                                    19,024 
       53  CURRENT ASSET CHARGE - 8%                       27,614                                     8,977 
       54  NONCURRENT ASSET CHARGE - 8%                    45,096                                    10,258 
       55  RETURN LABOR-MANAGEMENT                        117,369                                    55,201 
       56  RETURN TO CAPITAL                              132,340                                    38,802 
       57  ASSET TURNOVER RATIO                             .4173                                     .6735 
       58  OPERATING PROFIT MARGIN RATIO                    .2220                                     .0822 
       59  % RETURN ON ASSETS                               .0926                                     .0553 
       60  % RETURN ON EQUITY                               .1129                                     .0554 
       61  TOTAL EXPENSE RATIO                              .6803                                     .8399 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8278                                     .9718 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9498                                    1.0125 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          493,169               594,941             337,215               345,391    
       65  NONCURRENT ASSETS                       858,826               909,873             349,168               370,434    
       66  CURRENT LIABILITIES                     180,914               216,848             234,081               224,105    
       67  NONCURRENT LIABILITIES                  314,138               327,159             228,039               235,122    
       68  CURRENT RATIO                              2.73                  2.74                1.44                  1.54    
       69  DEBT TO ASSET RATIO                         .37                   .36                 .67                   .64    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                    PARTNERSHIP - PARTOWNER                     PARTNERSHIP - TENANT     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              71,362                                    73,992 
       71  MACHINERY AND EQUIPMENT                        112,690                                   110,472 
       72  MOTOR VEHICLES & LISTED PROPE                  174,468                                   120,891 
       73  BUILDINGS                                       64,590                                    79,476 
       74  OWNED LAND                                     514,410                                    25,818 
       75  TOTAL ASSETS                                 1,428,404                                   701,104 
       76  NET WORTH                                      908,876                                   240,431 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.77                                      1.55 
       78  NUMBER OF WORKERS                                 2.93                                      2.59 
       79  TOTAL WORK DAYS                                    692                                       490 
       80  VALUE FARM PRODUCTION/WORKER                   203,010                                   182,123 
       81  NET FARM INCOME/WORKER                          64,909                                    29,161 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   803,478                                   449,639 
       83  VALUE OF FARM PRODUCTION                       335,283                                   302,817 
       84  NET FARM INCOME                                107,201                                    48,486 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.91                                     31.78 
       86  % TILLABLE LAND                                  60.62                                     64.24 
       87  CROP MACH COST/TOT EXPENSE(%)                    24.90                                     26.97 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2881    35   1156    34   1758    35       2321    27                2321    27    
       89  NON-IRRIGATED CROP ACRES        1638    34    607    32   1169    31       1441    26                1441    26    
       90  IRRIGATED CROP ACRES             778     7    367     5    722     5       1163    11                1163    11    
       91  TOTAL CROP ACRES                1798    34    665    32   1245    32       1491    27                1491    27    
       92  PASTURE ACRES                   1282    26    662    22    853    22       1484    15                1484    15    
       93  FARMSTEAD ACRES                  398    16    230    15    291    10     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1698          1812                        1491          1533  
       95  CROP MACHINERY INVESTMENT          240,944        141.91        133.01        195,335        131.01        127.43  
       96  CROP MACHINERY COST                100,945         59.45         55.72        106,974         71.74         69.79  
       97  GROSS CROP VALUE                   439,539        244.50        229.15        362,508        243.12        236.49  
       98  CROP PRODUCTION COSTS              281,343        165.70        155.31        296,277        198.71        193.28  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            27    507    230   125.8   392   119.5     13    292                  292   120.3  
      100  GRAIN SORGHUM                   21    281    127    89.4   229    81.2     15    253                  253    79.5  
      101  SOYBEANS                        27    568    270    34.9   391    30.6     12    389                  389    40.4  
      102  SUNFLOWERS   
      103  WHEAT                           27    576    206    45.9   450    37.4     21    621                  621    33.5  
      104  OTHER CROPS  
      105  ALFALFA                         13     86     56     5.0    70     4.7      8     64                   64     4.0  
      106  OTHER HAY & FORAGE              20    233    112           179             15    156                  156    
      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                             6    443    184   180.9                   10    737                  737   198.8  
      111  GRAIN SORGHUM
      112  SOYBEANS                         6    301    154    44.5   259    41.4      4    264                  264    41.9  
      113  SUNFLOWERS   
      114  WHEAT                                                                       5    476                  476    38.1  
      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                                           69                                        43 
      122  DAIRY COWS                                           4                                        12 
      123  EWES   
      124  SOWS                                                11                                        17 
      125  BEEF PURCH. FOR RESALE SALES                       299                                       269 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
                                                        143 FARMS                                1256 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            70,693                                    68,610 
        2  DAIRY AND MILK                                  11,311                                     8,426 
        3  SHEEP                                               14                                       460 
        4  SWINE                                            4,422                                     5,790 
        5  POULTRY AND EGGS                                 5,557                                     1,405 
        6  OTHER LIVESTOCK                                      6                                      -739 
        7  CUSTOM FEEDING                                   6,413                                     3,920 
        8  FEED PURCHASED                                 -32,325                                   -25,228 
        9     LIVESTOCK INCOME                       $     66,091                              $     62,644 
      
       10  CORN                                            16,222                                    39,304 
       11  GRAIN SORGHUM                                    4,847                                    14,128 
       12  SOYBEANS                                        12,831                                    32,547 
       13  SUNFLOWERS                                          14                                     1,038 
       14  WHEAT                                           12,370                                    36,203 
       15  HAY AND FORAGE                                   3,498                                     8,029 
       16  OTHER CROP                                         897                                     2,291 
       17  GOVERNMENT PAYMENTS                             11,091                                    23,693 
       18  CROP INSURANCE PROCEEDS                          1,937                                    11,401 
       19  OTHER INCOME                                     5,555                                    12,315 
       20     VALUE OF FARM PRODUCTION               $    135,355                              $    243,593 
      
       21  HIRED LABOR                                      4,882                                     8,246 
       22  MACHINERY REPAIRS                                8,502                                    18,546 
       23  IRRIGATION REPAIRS                                 758                                       916 
       24  BUILDING REPAIRS                                 1,137                                     1,496 
       25  INTEREST PAID                                    8,127                                    15,099 
       26  SEED-OTHER CROP EXPENSE                          5,679                                    15,751 
       27  CROP INSURANCE                                   1,742                                     5,509 
       28  FERTILIZER-LIME                                  9,074                                    23,765 
       29  MACHINE HIRE                                     5,735                                     8,761 
       30  ORGANIZATION FEE, PUBLICATION                    1,621                                     2,389 
       31  VET-MED-DRUGS                                    2,177                                     3,267 
       32  CROP STORAGE-MARKETING                             415                                       994 
       33  LIVESTOCK MARKETING-BREEDING                     2,275                                     2,846 
       34  DAIRY EXPENSE                                    1,137                                       522 
       35  GAS-FUEL-OIL                                     5,407                                    12,027 
       36  IRRIGATION ENERGY                                1,271                                     4,046 
       37  REAL ESTATE TAXES                                4,999                                     4,278 
       38  PERSONAL PROPERTY TAXES                            533                                       736 
       39  GENERAL FARM INSURANCE                           2,801                                     4,200 
       40  UTILITIES                                        3,529                                     3,668 
       41  CASH FARM RENT                                   6,247                                    13,667 
       42  HERBICIDE-INSECTICIDE                            4,597                                    13,147 
       43  CONSERVATION                                       546                                       330 
       44  AUTO EXPENSE                                     1,036                                       929 
       45     TOTAL OPERATING EXPENSE                $     84,225                              $    165,138 
      
       46  DEPRECIATION-MACHINERY                           9,869                                    19,147 
       47  DEPRECIATION-BUILDINGS                           2,418                                     2,032 
       48     TOTAL FARM EXPENSE                     $     96,512                              $    186,317 
      
       49     NET FARM INCOME                        $     38,843                              $     57,276 
      
       50  UNPAID FAMILY LABOR                              1,038                                     1,910 
       51  UNPAID OPERATOR LABOR                           19,844                                    24,515 
       52  MANAGEMENT CHARGE                                9,023                                    13,701 
       53  CURRENT ASSET CHARGE - 8%                       10,440                                    10,114 
       54  NONCURRENT ASSET CHARGE - 8%                    36,515                                    30,973 
       55  RETURN LABOR-MANAGEMENT                         -9,150                                    14,279 
       56  RETURN TO CAPITAL                               17,064                                    32,249 
       57  ASSET TURNOVER RATIO                             .1796                                     .3055 
       58  OPERATING PROFIT MARGIN RATIO                    .1261                                     .1324 
       59  % RETURN ON ASSETS                               .0226                                     .0404 
       60  % RETURN ON EQUITY                               .0152                                     .0334 
       61  TOTAL EXPENSE RATIO                              .7130                                     .7649 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9340                                     .9296 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2809                                    1.0983 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          185,410               201,845             213,489               241,911    
       65  NONCURRENT ASSETS                       550,052               570,075             554,261               585,064    
       66  CURRENT LIABILITIES                      61,461                64,801              96,359               106,187    
       67  NONCURRENT LIABILITIES                   99,154               108,106             177,737               187,269    
       68  CURRENT RATIO                              3.02                  3.11                2.22                  2.28    
       69  DEBT TO ASSET RATIO                         .22                   .22                 .36                   .35    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              31,353                                    41,169 
       71  MACHINERY AND EQUIPMENT                         34,117                                    62,690 
       72  MOTOR VEHICLES & LISTED PROPE                   55,267                                    98,293 
       73  BUILDINGS                                       21,120                                    20,049 
       74  OWNED LAND                                     433,618                                   373,861 
       75  TOTAL ASSETS                                   753,691                                   797,362 
       76  NET WORTH                                      586,930                                   513,587 
      
       LABOR
       77  NUMBER OF OPERATORS                                .73                                       .90 
       78  NUMBER OF WORKERS                                  .96                                      1.26 
       79  TOTAL WORK DAYS                                    158                                       299 
       80  VALUE FARM PRODUCTION/WORKER                   140,667                                   192,133 
       81  NET FARM INCOME/WORKER                          40,368                                    45,176 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,025,479                                   878,189 
       83  VALUE OF FARM PRODUCTION                       184,165                                   268,285 
       84  NET FARM INCOME                                 52,850                                    63,081 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            7.93                                      9.89 
       86  % TILLABLE LAND                                  48.76                                     62.92 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.36                                     31.17 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      870   138    870   138                    1835  1256    630  1254   1225  1252    
       89  NON-IRRIGATED CROP ACRES         428   126    428   126                    1054  1239    360  1187    754  1165    
       90  IRRIGATED CROP ACRES             310    15    310    15                     509   282    247   193    421   227    
       91  TOTAL CROP ACRES                 465   126    465   126                    1166  1243    398  1195    829  1175    
       92  PASTURE ACRES                    546   103    546   103                     824   993    321   894    724   762    
       93  FARMSTEAD ACRES                   79    67     79    67                      54   664     45   633     42   182    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           409           333                        1154          1058  
       95  CROP MACHINERY INVESTMENT           68,038        166.16        204.27        140,223        121.48        132.51  
       96  CROP MACHINERY COST                 26,410         64.50         79.29         58,079         50.32         54.89  
       97  GROSS CROP VALUE                    75,491        165.02        202.87        209,772        180.87        197.29  
       98  CROP PRODUCTION COSTS               63,783        151.41        186.14        143,284        122.95        134.11  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            40    133    133   120.6                  600    245    113   126.4   193   124.4  
      100  GRAIN SORGHUM                   44    124    124    84.9                  735    241    106    83.4   193    82.2  
      101  SOYBEANS                        59    133    133    35.4                  748    297    122    37.5   235    36.2  
      102  SUNFLOWERS                                                                 51    125     85    41.7   111    12.3  
      103  WHEAT                           86    180    180    38.8                 1060    473    168    37.9   368    37.6  
      104  OTHER CROPS                      7    152    152                           95     88     84            74    
      105  ALFALFA                         26     64     64     3.9                  417     85     50     3.6    83     3.9  
      106  OTHER HAY & FORAGE              55    115    115                          698    116     62            98    
      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                            13    173    173   184.0                  197    331    169   194.8   292   196.3  
      111  GRAIN SORGHUM                                                              64    102     79   112.5    93    98.9  
      112  SOYBEANS                         9    126    126    53.0                  164    198    123    50.5   168    53.1  
      113  SUNFLOWERS                                                                 23    153    131    16.6   110    17.3  
      114  WHEAT                                                                     118    211    142    36.1   184    42.8  
      115  OTHER CROPS                                                                21    139     86           124    
      116  ALFALFA                                                                    45    164    110     5.7   143     5.1  
      117  OTHER HAY & FORAGE                                                         65    114     92            98    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           25                                        37 
      122  DAIRY COWS                                           3                                         2 
      123  EWES                                                                                           1 
      124  SOWS                                                 3                                         3 
      125  BEEF PURCH. FOR RESALE SALES                       132                                        88 
      126  SWINE PURCH. FOR RESALE SALES                                                                 14 
      127  TURKEYS                                          3,749                                       511 
      
      
       2004 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
                                                        146 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            26,368 
        2  DAIRY AND MILK                                   5,516 
        3  SHEEP                                              242 
        4  SWINE                                              542 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                     84 
        7  CUSTOM FEEDING                                   4,296 
        8  FEED PURCHASED                                  -6,532 
        9     LIVESTOCK INCOME                       $     30,516 
      
       10  CORN                                            40,372 
       11  GRAIN SORGHUM                                   12,438 
       12  SOYBEANS                                        20,447 
       13  SUNFLOWERS                                       2,334 
       14  WHEAT                                           28,041 
       15  HAY AND FORAGE                                   9,637 
       16  OTHER CROP                                       1,957 
       17  GOVERNMENT PAYMENTS                             20,290 
       18  CROP INSURANCE PROCEEDS                          9,735 
       19  OTHER INCOME                                    19,148 
       20     VALUE OF FARM PRODUCTION               $    194,916 
      
       21  HIRED LABOR                                      6,271 
       22  MACHINERY REPAIRS                               19,197 
       23  IRRIGATION REPAIRS                               1,612 
       24  BUILDING REPAIRS                                   679 
       25  INTEREST PAID                                    7,849 
       26  SEED-OTHER CROP EXPENSE                         14,414 
       27  CROP INSURANCE                                   4,791 
       28  FERTILIZER-LIME                                 19,644 
       29  MACHINE HIRE                                    11,709 
       30  ORGANIZATION FEE, PUBLICATION                    2,316 
       31  VET-MED-DRUGS                                    1,510 
       32  CROP STORAGE-MARKETING                             683 
       33  LIVESTOCK MARKETING-BREEDING                       999 
       34  DAIRY EXPENSE                                      261 
       35  GAS-FUEL-OIL                                    10,245 
       36  IRRIGATION ENERGY                                6,917 
       37  REAL ESTATE TAXES                                1,023 
       38  PERSONAL PROPERTY TAXES                            592 
       39  GENERAL FARM INSURANCE                           3,366 
       40  UTILITIES                                        3,015 
       41  CASH FARM RENT                                  13,958 
       42  HERBICIDE-INSECTICIDE                           11,226 
       43  CONSERVATION                                        46 
       44  AUTO EXPENSE                                       810 
       45     TOTAL OPERATING EXPENSE                $    143,133 
      
       46  DEPRECIATION-MACHINERY                          14,334 
       47  DEPRECIATION-BUILDINGS                             838 
       48     TOTAL FARM EXPENSE                     $    158,305 
      
       49     NET FARM INCOME                        $     36,611 
      
       50  UNPAID FAMILY LABOR                                925 
       51  UNPAID OPERATOR LABOR                           23,745 
       52  MANAGEMENT CHARGE                                9,207 
       53  CURRENT ASSET CHARGE - 8%                        4,712 
       54  NONCURRENT ASSET CHARGE - 8%                     8,191 
       55  RETURN LABOR-MANAGEMENT                         22,783 
       56  RETURN TO CAPITAL                               10,583 
       57  ASSET TURNOVER RATIO                             .6698 
       58  OPERATING PROFIT MARGIN RATIO                    .0543 
       59  % RETURN ON ASSETS                               .0364 
       60  % RETURN ON EQUITY                               .0170 
       61  TOTAL EXPENSE RATIO                              .8122 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9860 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0522 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          112,788               128,150    
       65  NONCURRENT ASSETS                       163,974               177,103    
       66  CURRENT LIABILITIES                      60,634                62,504    
       67  NONCURRENT LIABILITIES                   64,194                72,107    
       68  CURRENT RATIO                              1.86                  2.05    
       69  DEBT TO ASSET RATIO                         .45                   .44    
      
       2004 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              25,184 
       71  MACHINERY AND EQUIPMENT                         47,353 
       72  MOTOR VEHICLES & LISTED PROPE                   68,696 
       73  BUILDINGS                                        7,660 
       74  OWNED LAND                                      37,182 
       75  TOTAL ASSETS                                   291,008 
       76  NET WORTH                                      161,288 
      
       LABOR
       77  NUMBER OF OPERATORS                                .87 
       78  NUMBER OF WORKERS                                 1.10 
       79  TOTAL WORK DAYS                                    237 
       80  VALUE FARM PRODUCTION/WORKER                   177,086 
       81  NET FARM INCOME/WORKER                          33,262 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   330,896 
       83  VALUE OF FARM PRODUCTION                       221,633 
       84  NET FARM INCOME                                 41,629 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           16.68 
       86  % TILLABLE LAND                                  73.40 
       87  CROP MACH COST/TOT EXPENSE(%)                    32.56 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1382   146                1382   146     
       89  NON-IRRIGATED CROP ACRES         900   137                 900   137     
       90  IRRIGATED CROP ACRES             515    48                 515    48     
       91  TOTAL CROP ACRES                1050   141                1050   141     
       92  PASTURE ACRES                    806    65                 806    65     
       93  FARMSTEAD ACRES                   56    22                  56    22     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1014           925  
       95  CROP MACHINERY INVESTMENT          108,627        107.11        117.45   
       96  CROP MACHINERY COST                 51,544         50.82         55.73   
       97  GROSS CROP VALUE                   204,595        197.59        216.66   
       98  CROP PRODUCTION COSTS              129,012        122.85        134.71   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            46    199                  199   134.6   
      100  GRAIN SORGHUM                   85    237                  237    74.3   
      101  SOYBEANS                        63    252                  252    40.1   
      102  SUNFLOWERS                       9    228                  228    12.6   
      103  WHEAT                          116    422                  422    37.6   
      104  OTHER CROPS                      8    134                  134     
      105  ALFALFA                         46    113                  113     7.1   
      106  OTHER HAY & FORAGE              47    133                  133     
      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    349                  349   203.0   
      111  GRAIN SORGHUM                   13    116                  116    92.0   
      112  SOYBEANS                        29    164                  164    51.1   
      113  SUNFLOWERS                       6    159                  159    12.6   
      114  WHEAT                           21    187                  187    42.6   
      115  OTHER CROPS  
      116  ALFALFA                          7    190                  190     4.6   
      117  OTHER HAY & FORAGE               7    195                  195     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           20 
      122  DAIRY COWS                                           1 
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        75 
      126  SWINE PURCH. FOR RESALE SALES                        3 
      127  TURKEYS