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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY VALUE OF FARM PRODUCTION *** - 100000 *** *** 100001 - 250000 ***
421 FARMS 704 FARMS
ITEM PER FARM PER FARM
1 BEEF 20,656 47,663
2 DAIRY AND MILK 1,153 7,472
3 SHEEP 159 421
4 SWINE 219 2,462
5 POULTRY AND EGGS -7 2,752
6 OTHER LIVESTOCK 132 -459
7 CUSTOM FEEDING 475 2,015
8 FEED PURCHASED -4,789 -14,198
9 LIVESTOCK INCOME $ 17,999 $ 48,129
10 CORN 3,583 16,477
11 GRAIN SORGHUM 3,475 11,793
12 SOYBEANS 6,912 20,690
13 SUNFLOWERS 109 474
14 WHEAT 10,293 29,464
15 HAY AND FORAGE 1,857 6,063
16 OTHER CROP 578 1,846
17 GOVERNMENT PAYMENTS 7,343 17,621
18 CROP INSURANCE PROCEEDS 2,879 8,230
19 OTHER INCOME 3,267 8,356
20 VALUE OF FARM PRODUCTION $ 58,295 $ 169,143
21 HIRED LABOR 1,188 4,373
22 MACHINERY REPAIRS 6,485 14,970
23 IRRIGATION REPAIRS 108 562
24 BUILDING REPAIRS 646 1,243
25 INTEREST PAID 4,382 10,653
26 SEED-OTHER CROP EXPENSE 3,105 9,975
27 CROP INSURANCE 1,187 3,602
28 FERTILIZER-LIME 5,827 16,474
29 MACHINE HIRE 2,595 6,220
30 ORGANIZATION FEE, PUBLICATION 1,318 2,153
31 VET-MED-DRUGS 756 2,081
32 CROP STORAGE-MARKETING 205 577
33 LIVESTOCK MARKETING-BREEDING 649 1,610
34 DAIRY EXPENSE 84 513
35 GAS-FUEL-OIL 4,049 9,677
36 IRRIGATION ENERGY 108 1,631
37 REAL ESTATE TAXES 2,758 3,596
38 PERSONAL PROPERTY TAXES 340 608
39 GENERAL FARM INSURANCE 2,011 3,482
40 UTILITIES 1,839 3,388
41 CASH FARM RENT 3,165 10,461
42 HERBICIDE-INSECTICIDE 2,450 9,578
43 CONSERVATION 146 189
44 AUTO EXPENSE 784 832
45 TOTAL OPERATING EXPENSE $ 46,183 $ 118,449
46 DEPRECIATION-MACHINERY 5,507 13,638
47 DEPRECIATION-BUILDINGS 712 1,482
48 TOTAL FARM EXPENSE $ 52,403 $ 133,570
49 NET FARM INCOME $ 5,893 $ 35,574
50 UNPAID FAMILY LABOR 465 1,473
51 UNPAID OPERATOR LABOR 19,272 25,397
52 MANAGEMENT CHARGE 2,971 9,332
53 CURRENT ASSET CHARGE - 8% 5,377 8,304
54 NONCURRENT ASSET CHARGE - 8% 19,901 24,856
55 RETURN LABOR-MANAGEMENT -19,850 939
56 RETURN TO CAPITAL -12,433 10,025
57 ASSET TURNOVER RATIO .1471 .2763
58 OPERATING PROFIT MARGIN RATIO -.2133 .0593
59 % RETURN ON ASSETS -.0314 .0164
60 % RETURN ON EQUITY -.0532 -.0015
61 TOTAL EXPENSE RATIO .8989 .7897
62 ADJUSTED TOTAL EXPENSE RATIO 1.2885 1.0037
63 ECONOMIC TOTAL EXPENSE RATIO 1.7221 1.1998
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 89,084 91,123 160,302 173,483
65 NONCURRENT ASSETS 303,179 309,348 437,708 452,647
66 CURRENT LIABILITIES 21,838 23,952 60,969 65,207
67 NONCURRENT LIABILITIES 56,734 58,259 132,701 136,246
68 CURRENT RATIO 4.08 3.80 2.63 2.66
69 DEBT TO ASSET RATIO .20 .21 .32 .32
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY VALUE OF FARM PRODUCTION *** - 100000 *** *** 100001 - 250000 ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 21,214 39,742
71 MACHINERY AND EQUIPMENT 19,366 46,971
72 MOTOR VEHICLES & LISTED PROPE 37,913 75,278
73 BUILDINGS 7,373 14,400
74 OWNED LAND 233,128 295,692
75 TOTAL ASSETS 396,367 612,071
76 NET WORTH 315,975 414,509
LABOR
77 NUMBER OF OPERATORS .71 .94
78 NUMBER OF WORKERS .77 1.14
79 TOTAL WORK DAYS 101 236
80 VALUE FARM PRODUCTION/WORKER 74,847 147,135
81 NET FARM INCOME/WORKER 7,566 30,945
PER OPERATOR BASIS
82 TOTAL ASSETS 555,310 650,706
83 VALUE OF FARM PRODUCTION 81,672 179,820
84 NET FARM INCOME 8,255 37,819
OTHER FACTORS
85 % CROP ACRES IRRIGATED 2.67 5.83
86 % TILLABLE LAND 51.29 59.79
87 CROP MACH COST/TOT EXPENSE(%) 34.46 32.68
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 820 419 501 368 484 329 1593 702 605 611 1140 657
89 NON-IRRIGATED CROP ACRES 428 401 247 337 318 277 915 688 359 577 680 622
90 IRRIGATED CROP ACRES 157 30 150 16 121 19 302 129 192 69 274 94
91 TOTAL CROP ACRES 437 403 254 337 323 280 967 692 379 581 714 628
92 PASTURE ACRES 489 320 313 285 370 182 828 525 319 434 712 416
93 FARMSTEAD ACRES 50 215 47 202 24 51 49 307 40 279 42 93
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 419 320 950 831
95 CROP MACHINERY INVESTMENT 46,018 109.90 143.72 105,019 110.54 126.30
96 CROP MACHINERY COST 18,056 43.12 56.39 43,645 45.94 52.49
97 GROSS CROP VALUE 50,915 117.84 154.11 146,681 152.42 174.15
98 CROP PRODUCTION COSTS 39,482 92.50 120.97 101,431 105.55 120.60
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 119 75 60 122.5 60 119.5 286 160 84 123.1 129 125.3
100 GRAIN SORGHUM 172 101 66 73.2 87 75.8 433 209 100 83.6 169 78.8
101 SOYBEANS 189 101 68 34.5 83 34.7 402 216 99 37.9 175 36.0
102 SUNFLOWERS 5 70 20 129 91 72.3 108 11.2
103 WHEAT 294 203 106 36.6 192 35.9 588 424 179 37.3 326 37.6
104 OTHER CROPS 27 85 104 45 47 69 45 78
105 ALFALFA 81 42 32 3.6 41 3.2 261 81 50 3.5 78 4.6
106 OTHER HAY & FORAGE 207 90 68 69 398 115 62 104
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 10 65 72 164.9 54 169.1 89 159 113 188.3 153 192.1
111 GRAIN SORGHUM 11 64 53 60.8 37 83 82 112.6 80 104.0
112 SOYBEANS 14 72 67 41.5 68 44.6 70 137 120 44.8 113 50.6
113 SUNFLOWERS 6 115 109 15.7
114 WHEAT 11 113 86 20.4 106 27.8 54 142 120 39.1 143 43.5
115 OTHER CROPS 8 89 81
116 ALFALFA 7 103 46 4.6 22 135 59 3.9 170 4.7
117 OTHER HAY & FORAGE 5 80 37 22 79 65 64
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 23 35
122 DAIRY COWS 2
123 EWES 1 3
124 SOWS 1
125 BEEF PURCH. FOR RESALE SALES 35 43
126 SWINE PURCH. FOR RESALE SALES 8
127 TURKEYS 1,411
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2004 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY VALUE OF FARM PRODUCTION *** 250001 - 500000 *** *** 500001 - ***
511 FARMS 248 FARMS
ITEM PER FARM PER FARM
1 BEEF 82,214 219,947
2 DAIRY AND MILK 17,874 47,770
3 SHEEP 802 692
4 SWINE 7,207 64,427
5 POULTRY AND EGGS 1,656 104
6 OTHER LIVESTOCK -775 -517
7 CUSTOM FEEDING 4,490 41,412
8 FEED PURCHASED -28,746 -130,978
9 LIVESTOCK INCOME $ 84,723 $ 242,857
10 CORN 56,390 181,453
11 GRAIN SORGHUM 21,598 29,303
12 SOYBEANS 51,292 107,193
13 SUNFLOWERS 1,797 2,345
14 WHEAT 51,783 78,020
15 HAY AND FORAGE 11,881 19,660
16 OTHER CROP 2,710 11,589
17 GOVERNMENT PAYMENTS 32,787 67,977
18 CROP INSURANCE PROCEEDS 13,125 28,763
19 OTHER INCOME 17,450 51,014
20 VALUE OF FARM PRODUCTION $ 345,537 $ 820,174
21 HIRED LABOR 13,567 50,167
22 MACHINERY REPAIRS 24,799 52,592
23 IRRIGATION REPAIRS 1,207 4,109
24 BUILDING REPAIRS 1,912 4,440
25 INTEREST PAID 18,849 38,301
26 SEED-OTHER CROP EXPENSE 23,314 57,765
27 CROP INSURANCE 7,757 15,709
28 FERTILIZER-LIME 33,636 68,181
29 MACHINE HIRE 12,316 30,885
30 ORGANIZATION FEE, PUBLICATION 3,188 6,289
31 VET-MED-DRUGS 4,570 11,402
32 CROP STORAGE-MARKETING 1,427 5,030
33 LIVESTOCK MARKETING-BREEDING 3,128 11,840
34 DAIRY EXPENSE 1,334 2,847
35 GAS-FUEL-OIL 16,447 31,303
36 IRRIGATION ENERGY 5,803 18,905
37 REAL ESTATE TAXES 4,840 8,353
38 PERSONAL PROPERTY TAXES 983 1,882
39 GENERAL FARM INSURANCE 5,417 11,484
40 UTILITIES 4,641 11,692
41 CASH FARM RENT 21,096 50,417
42 HERBICIDE-INSECTICIDE 19,157 43,357
43 CONSERVATION 461 1,242
44 AUTO EXPENSE 901 1,064
45 TOTAL OPERATING EXPENSE $ 230,753 $ 539,255
46 DEPRECIATION-MACHINERY 26,246 54,094
47 DEPRECIATION-BUILDINGS 2,555 8,582
48 TOTAL FARM EXPENSE $ 259,554 $ 601,931
49 NET FARM INCOME $ 85,983 $ 218,243
50 UNPAID FAMILY LABOR 2,246 2,994
51 UNPAID OPERATOR LABOR 29,716 38,627
52 MANAGEMENT CHARGE 19,533 46,645
53 CURRENT ASSET CHARGE - 8% 13,174 26,694
54 NONCURRENT ASSET CHARGE - 8% 35,981 62,541
55 RETURN LABOR-MANAGEMENT 34,583 126,014
56 RETURN TO CAPITAL 53,338 168,278
57 ASSET TURNOVER RATIO .3625 .4365
58 OPERATING PROFIT MARGIN RATIO .1544 .2052
59 % RETURN ON ASSETS .0559 .0896
60 % RETURN ON EQUITY .0561 .1165
61 TOTAL EXPENSE RATIO .7512 .7339
62 ADJUSTED TOTAL EXPENSE RATIO .9002 .8415
63 ECONOMIC TOTAL EXPENSE RATIO 1.0424 .9503
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 269,836 310,774 612,056 725,454
65 NONCURRENT ASSETS 644,731 681,288 1,165,141 1,254,997
66 CURRENT LIABILITIES 120,358 130,913 315,256 354,908
67 NONCURRENT LIABILITIES 206,735 219,761 414,802 441,809
68 CURRENT RATIO 2.24 2.37 1.94 2.04
69 DEBT TO ASSET RATIO .36 .35 .41 .40
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2004 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY VALUE OF FARM PRODUCTION *** 250001 - 500000 *** *** 500001 - ***
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 50,950 84,386
71 MACHINERY AND EQUIPMENT 86,024 172,721
72 MOTOR VEHICLES & LISTED PROPE 128,739 252,367
73 BUILDINGS 24,465 83,754
74 OWNED LAND 404,890 660,523
75 TOTAL ASSETS 953,315 1,878,824
76 NET WORTH 614,431 1,115,437
LABOR
77 NUMBER OF OPERATORS 1.10 1.43
78 NUMBER OF WORKERS 1.62 3.11
79 TOTAL WORK DAYS 404 802
80 VALUE FARM PRODUCTION/WORKER 212,811 263,373
81 NET FARM INCOME/WORKER 52,956 70,082
PER OPERATOR BASIS
82 TOTAL ASSETS 866,187 1,313,271
83 VALUE OF FARM PRODUCTION 313,957 573,289
84 NET FARM INCOME 78,125 152,548
OTHER FACTORS
85 % CROP ACRES IRRIGATED 10.99 16.93
86 % TILLABLE LAND 68.51 72.07
87 CROP MACH COST/TOT EXPENSE(%) 30.62 25.46
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2254 511 802 440 1624 492 3554 246 1282 189 2706 241
89 NON-IRRIGATED CROP ACRES 1399 502 452 424 1077 474 2214 241 745 182 1707 233
90 IRRIGATED CROP ACRES 471 184 218 104 427 150 1089 98 458 63 819 95
91 TOTAL CROP ACRES 1565 504 503 426 1197 480 2604 242 889 185 1990 234
92 PASTURE ACRES 945 366 441 284 784 281 1375 169 602 124 1434 124
93 FARMSTEAD ACRES 70 243 58 226 65 61 198 110 141 93 180 48
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1544 1448 2541 2570
95 CROP MACHINERY INVESTMENT 188,615 122.16 130.26 368,374 144.97 143.32
96 CROP MACHINERY COST 79,476 51.47 54.89 153,222 60.30 59.61
97 GROSS CROP VALUE 309,175 199.06 212.27 632,829 244.02 241.24
98 CROP PRODUCTION COSTS 201,458 128.94 137.50 444,158 172.68 170.71
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 309 292 142 132.1 231 127.5 180 643 285 131.3 490 134.0
100 GRAIN SORGHUM 310 337 134 93.5 293 86.4 130 467 262 76.9 368 86.1
101 SOYBEANS 331 399 167 39.6 315 39.2 171 752 288 37.0 598 39.0
102 SUNFLOWERS 34 117 82 17.4 107 13.8 19 199 86 11.5 192 11.0
103 WHEAT 442 584 189 41.0 489 40.1 214 814 277 38.7 691 37.3
104 OTHER CROPS 43 121 124 86 16 371 150 399
105 ALFALFA 185 109 62 3.9 110 4.5 68 150 71 3.9 150 4.2
106 OTHER HAY & FORAGE 249 140 81 111 119 223 132 195
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 134 284 131 197.7 267 198.8 88 652 305 196.9 545 201.7
111 GRAIN SORGHUM 34 117 90 115.4 112 100.1 27 210 172 120.7 181 117.4
112 SOYBEANS 110 187 102 53.1 178 53.4 70 322 198 51.3 259 54.1
113 SUNFLOWERS 17 188 165 17.4 136 15.8 10 119 104 15.6
114 WHEAT 71 194 143 39.2 170 43.8 48 312 169 33.3 272 46.9
115 OTHER CROPS 13 133 68 132 10 222 116 195
116 ALFALFA 25 210 140 6.0 173 5.1 16 193 145 5.7 126 5.0
117 OTHER HAY & FORAGE 39 111 67 115 26 180 153 170
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 40 51
122 DAIRY COWS 4 11
123 EWES
124 SOWS 5 19
125 BEEF PURCH. FOR RESALE SALES 118 392
126 SWINE PURCH. FOR RESALE SALES 34 67
127 TURKEYS 687
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