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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ADJ. TOTAL EXPENSE RATIO HIGH 25% HIGH MIDDLE
427 FARMS 427 FARMS
ITEM PER FARM PER FARM
1 BEEF 30,330 60,296
2 DAIRY AND MILK 4,811 9,174
3 SHEEP 106 180
4 SWINE 153 2,647
5 POULTRY AND EGGS 754 1,658
6 OTHER LIVESTOCK -28 -479
7 CUSTOM FEEDING 1,385 5,331
8 FEED PURCHASED -10,640 -17,612
9 LIVESTOCK INCOME $ 26,871 $ 61,195
10 CORN 8,974 39,055
11 GRAIN SORGHUM 7,159 13,804
12 SOYBEANS 13,420 35,517
13 SUNFLOWERS 131 1,474
14 WHEAT 23,427 47,127
15 HAY AND FORAGE 3,476 10,092
16 OTHER CROP 2,125 3,576
17 GOVERNMENT PAYMENTS 19,359 40,802
18 CROP INSURANCE PROCEEDS 2,985 6,569
19 OTHER INCOME 9,276 13,072
20 VALUE OF FARM PRODUCTION $ 117,203 $ 272,283
21 HIRED LABOR 5,727 13,735
22 MACHINERY REPAIRS 14,809 23,491
23 IRRIGATION REPAIRS 768 1,026
24 BUILDING REPAIRS 1,417 1,657
25 INTEREST PAID 11,707 19,637
26 SEED-OTHER CROP EXPENSE 9,871 22,335
27 CROP INSURANCE 2,834 5,895
28 FERTILIZER-LIME 17,696 37,044
29 MACHINE HIRE 7,233 13,572
30 ORGANIZATION FEE, PUBLICATION 2,095 2,966
31 VET-MED-DRUGS 2,238 3,162
32 CROP STORAGE-MARKETING 472 1,735
33 LIVESTOCK MARKETING-BREEDING 1,504 2,726
34 DAIRY EXPENSE 717 1,080
35 GAS-FUEL-OIL 10,561 19,022
36 IRRIGATION ENERGY 992 4,553
37 REAL ESTATE TAXES 3,683 4,473
38 PERSONAL PROPERTY TAXES 670 774
39 GENERAL FARM INSURANCE 3,523 4,906
40 UTILITIES 3,263 4,934
41 CASH FARM RENT 8,261 20,096
42 HERBICIDE-INSECTICIDE 8,455 18,074
43 CONSERVATION 265 409
44 AUTO EXPENSE 704 1,069
45 TOTAL OPERATING EXPENSE $ 119,465 $ 228,372
46 DEPRECIATION-MACHINERY 12,283 22,732
47 DEPRECIATION-BUILDINGS 1,302 2,315
48 TOTAL FARM EXPENSE $ 133,049 $ 253,419
49 NET FARM INCOME $ -15,846 $ 18,865
50 UNPAID FAMILY LABOR 1,428 1,496
51 UNPAID OPERATOR LABOR 23,756 27,070
52 MANAGEMENT CHARGE 936 8,266
53 CURRENT ASSET CHARGE - 8% 5,847 8,796
54 NONCURRENT ASSET CHARGE - 8% 32,519 37,532
55 RETURN LABOR-MANAGEMENT -55,641 -28,960
56 RETURN TO CAPITAL -30,260 1,670
57 ASSET TURNOVER RATIO .1729 .3006
58 OPERATING PROFIT MARGIN RATIO -.2582 .0061
59 % RETURN ON ASSETS -.0446 .0018
60 % RETURN ON EQUITY -.0875 -.0310
61 TOTAL EXPENSE RATIO 1.1352 .9307
62 ADJUSTED TOTAL EXPENSE RATIO 1.3581 1.0660
63 ECONOMIC TOTAL EXPENSE RATIO 1.6854 1.2361
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 143,963 138,738 228,635 229,441
65 NONCURRENT ASSETS 531,999 541,070 666,966 686,478
66 CURRENT LIABILITIES 65,421 71,098 114,618 123,549
67 NONCURRENT LIABILITIES 129,826 130,258 202,420 212,732
68 CURRENT RATIO 2.20 1.95 1.99 1.86
69 DEBT TO ASSET RATIO .29 .30 .35 .37
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ADJ. TOTAL EXPENSE RATIO HIGH 25% HIGH MIDDLE
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 31,998 50,544
71 MACHINERY AND EQUIPMENT 42,682 71,184
72 MOTOR VEHICLES & LISTED PROPE 68,338 115,265
73 BUILDINGS 13,486 22,269
74 OWNED LAND 400,876 449,711
75 TOTAL ASSETS 677,885 905,760
76 NET WORTH 479,584 579,100
LABOR
77 NUMBER OF OPERATORS .87 1.00
78 NUMBER OF WORKERS 1.10 1.44
79 TOTAL WORK DAYS 186 343
80 VALUE FARM PRODUCTION/WORKER 106,209 188,895
81 NET FARM INCOME/WORKER -14,360 13,087
PER OPERATOR BASIS
82 TOTAL ASSETS 770,447 903,433
83 VALUE OF FARM PRODUCTION 133,207 271,584
84 NET FARM INCOME -18,010 18,816
OTHER FACTORS
85 % CROP ACRES IRRIGATED 7.14 9.45
86 % TILLABLE LAND 59.28 68.14
87 CROP MACH COST/TOT EXPENSE(%) 30.90 29.92
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1223 427 582 374 844 361 1887 427 636 368 1419 403
89 NON-IRRIGATED CROP ACRES 694 414 299 349 558 328 1211 419 363 353 995 381
90 IRRIGATED CROP ACRES 325 68 228 46 269 43 494 105 220 62 450 85
91 TOTAL CROP ACRES 748 414 329 349 593 328 1308 420 402 353 1061 384
92 PASTURE ACRES 623 325 343 276 480 225 845 302 344 245 740 231
93 FARMSTEAD ACRES 45 221 40 203 31 60 57 203 46 179 52 65
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 725 651 1286 1245
95 CROP MACHINERY INVESTMENT 92,539 127.63 142.10 163,693 127.28 131.47
96 CROP MACHINERY COST 41,118 56.71 63.14 75,825 58.96 60.90
97 GROSS CROP VALUE 117,174 158.20 176.13 252,916 193.43 199.80
98 CROP PRODUCTION COSTS 99,463 135.89 151.30 196,004 150.26 155.21
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 165 156 78 76.8 149 77.2 232 277 121 86.3 239 84.4
100 GRAIN SORGHUM 206 191 98 63.2 166 62.5 247 269 109 75.2 237 69.5
101 SOYBEANS 217 186 96 30.3 156 30.0 265 354 134 32.0 293 30.6
102 SUNFLOWERS 14 77 70 12.0 65 10.3 27 144 68 13.2 154 10.9
103 WHEAT 302 371 154 36.4 322 37.4 352 571 174 38.0 507 38.0
104 OTHER CROPS 26 77 53 69 37 71 51 73
105 ALFALFA 133 66 45 3.4 66 3.4 151 115 57 3.6 115 3.7
106 OTHER HAY & FORAGE 231 107 80 79 228 123 61 112
107 VEGETABLES
108 TRUCK CROPS
109 FRUIT - FLOWERS - TREES
IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
110 CORN 40 196 121 167.9 196 167.0 73 370 166 162.9 351 171.6
111 GRAIN SORGHUM 19 124 112 101.0 124 98.4 22 128 98 99.7 108 95.9
112 SOYBEANS 33 149 105 47.7 133 48.0 64 168 112 53.7 152 52.6
113 SUNFLOWERS 7 76 79 15.6 12 139 133 19.8 126 11.2
114 WHEAT 22 197 168 44.7 151 46.7 34 173 127 38.3 163 43.4
115 OTHER CROPS 5 236 234 6 220 210
116 ALFALFA 13 160 111 4.7 130 4.4 14 175 78 5.2 182 4.9
117 OTHER HAY & FORAGE 10 87 103 37 19 128 168 48
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 27 44
122 DAIRY COWS 1 2
123 EWES 2 1
124 SOWS 3
125 BEEF PURCH. FOR RESALE SALES 46 69
126 SWINE PURCH. FOR RESALE SALES 1 13
127 TURKEYS 464 1,031
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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ADJ. TOTAL EXPENSE RATIO LOW MIDDLE LOW 25%
427 FARMS 428 FARMS
ITEM PER FARM PER FARM
1 BEEF 67,600 144,818
2 DAIRY AND MILK 26,161 18,892
3 SHEEP 559 -350
4 SWINE 4,415 39,837
5 POULTRY AND EGGS 1,430 2,779
6 OTHER LIVESTOCK 462 -852
7 CUSTOM FEEDING 3,464 18,279
8 FEED PURCHASED -23,200 -66,846
9 LIVESTOCK INCOME $ 80,891 $ 156,557
10 CORN 55,420 56,678
11 GRAIN SORGHUM 15,969 11,496
12 SOYBEANS 52,581 65,813
13 SUNFLOWERS 4,596 2,366
14 WHEAT 47,689 46,073
15 HAY AND FORAGE 10,283 8,735
16 OTHER CROP 6,244 4,963
17 GOVERNMENT PAYMENTS 52,889 53,161
18 CROP INSURANCE PROCEEDS 7,175 5,565
19 OTHER INCOME 20,834 18,551
20 VALUE OF FARM PRODUCTION $ 354,570 $ 429,959
21 HIRED LABOR 16,160 16,031
22 MACHINERY REPAIRS 24,941 23,575
23 IRRIGATION REPAIRS 1,215 659
24 BUILDING REPAIRS 1,862 2,695
25 INTEREST PAID 19,689 18,106
26 SEED-OTHER CROP EXPENSE 25,963 23,815
27 CROP INSURANCE 7,196 6,531
28 FERTILIZER-LIME 38,897 35,278
29 MACHINE HIRE 14,112 12,121
30 ORGANIZATION FEE, PUBLICATION 3,379 3,284
31 VET-MED-DRUGS 3,914 7,316
32 CROP STORAGE-MARKETING 1,999 2,156
33 LIVESTOCK MARKETING-BREEDING 3,581 6,540
34 DAIRY EXPENSE 1,862 1,263
35 GAS-FUEL-OIL 21,275 20,056
36 IRRIGATION ENERGY 6,624 2,698
37 REAL ESTATE TAXES 4,975 6,260
38 PERSONAL PROPERTY TAXES 904 926
39 GENERAL FARM INSURANCE 5,625 5,620
40 UTILITIES 5,476 5,871
41 CASH FARM RENT 23,605 22,444
42 HERBICIDE-INSECTICIDE 21,823 17,722
43 CONSERVATION 453 1,092
44 AUTO EXPENSE 1,068 860
45 TOTAL OPERATING EXPENSE $ 256,599 $ 242,917
46 DEPRECIATION-MACHINERY 27,927 28,563
47 DEPRECIATION-BUILDINGS 2,900 4,348
48 TOTAL FARM EXPENSE $ 287,425 $ 275,828
49 NET FARM INCOME $ 67,145 $ 154,131
50 UNPAID FAMILY LABOR 1,976 1,966
51 UNPAID OPERATOR LABOR 27,930 28,041
52 MANAGEMENT CHARGE 16,757 31,505
53 CURRENT ASSET CHARGE - 8% 13,526 24,444
54 NONCURRENT ASSET CHARGE - 8% 44,654 60,814
55 RETURN LABOR-MANAGEMENT 6,989 66,907
56 RETURN TO CAPITAL 40,172 110,725
57 ASSET TURNOVER RATIO .3322 .3003
58 OPERATING PROFIT MARGIN RATIO .1133 .2575
59 % RETURN ON ASSETS .0376 .0773
60 % RETURN ON EQUITY .0282 .0869
61 TOTAL EXPENSE RATIO .8106 .6415
62 ADJUSTED TOTAL EXPENSE RATIO .9422 .7846
63 ECONOMIC TOTAL EXPENSE RATIO 1.1063 .9829
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 281,714 305,145 447,944 511,699
65 NONCURRENT ASSETS 758,888 788,816 931,842 971,901
66 CURRENT LIABILITIES 119,651 129,062 174,021 174,518
67 NONCURRENT LIABILITIES 211,177 220,177 186,483 196,908
68 CURRENT RATIO 2.35 2.36 2.57 2.93
69 DEBT TO ASSET RATIO .32 .32 .26 .25
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ADJ. TOTAL EXPENSE RATIO LOW MIDDLE LOW 25%
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 56,952 67,220
71 MACHINERY AND EQUIPMENT 86,880 86,082
72 MOTOR VEHICLES & LISTED PROPE 136,677 141,928
73 BUILDINGS 28,108 43,831
74 OWNED LAND 503,942 657,098
75 TOTAL ASSETS 1,067,281 1,431,692
76 NET WORTH 727,248 1,065,728
LABOR
77 NUMBER OF OPERATORS 1.03 1.03
78 NUMBER OF WORKERS 1.62 1.67
79 TOTAL WORK DAYS 412 454
80 VALUE FARM PRODUCTION/WORKER 218,410 256,477
81 NET FARM INCOME/WORKER 41,360 91,942
PER OPERATOR BASIS
82 TOTAL ASSETS 1,031,762 1,378,548
83 VALUE OF FARM PRODUCTION 342,770 413,999
84 NET FARM INCOME 64,910 148,410
OTHER FACTORS
85 % CROP ACRES IRRIGATED 11.64 6.22
86 % TILLABLE LAND 69.60 59.31
87 CROP MACH COST/TOT EXPENSE(%) 29.53 27.73
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2136 427 789 371 1578 405 2401 428 1029 368 1673 394
89 NON-IRRIGATED CROP ACRES 1335 420 467 352 1032 384 1387 412 569 350 1023 364
90 IRRIGATED CROP ACRES 606 122 304 71 518 101 431 88 272 50 368 66
91 TOTAL CROP ACRES 1504 422 525 354 1154 389 1480 412 608 350 1090 364
92 PASTURE ACRES 929 307 393 248 838 236 1237 318 557 263 1057 243
93 FARMSTEAD ACRES 52 228 45 208 45 55 110 225 93 208 104 52
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1486 1417 1424 1332
95 CROP MACHINERY INVESTMENT 197,866 133.11 139.67 185,668 130.36 139.40
96 CROP MACHINERY COST 84,888 57.11 59.92 76,492 53.71 57.43
97 GROSS CROP VALUE 309,263 205.62 215.74 344,706 235.24 251.55
98 CROP PRODUCTION COSTS 220,896 147.21 154.46 199,395 135.75 145.16
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 270 322 166 94.1 255 92.4 258 451 205 103.2 355 102.5
100 GRAIN SORGHUM 231 294 131 74.7 253 71.9 200 246 131 82.4 203 80.0
101 SOYBEANS 265 451 181 34.7 366 33.5 260 511 218 62.9 385 37.9
102 SUNFLOWERS 34 195 138 13.4 171 29.2 29 205 223 15.5 143 14.6
103 WHEAT 331 574 211 37.9 485 38.2 322 543 249 40.1 430 39.3
104 OTHER CROPS 34 143 92 142 31 189 170 156
105 ALFALFA 134 120 64 3.6 120 4.2 125 90 61 3.9 80 3.9
106 OTHER HAY & FORAGE 232 162 89 144 242 143 86 120
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 97 374 225 176.4 305 188.3 71 303 194 182.3 282 179.9
111 GRAIN SORGHUM 23 112 75 96.6 112 100.6 11 56 68 122.6
112 SOYBEANS 75 209 124 53.9 196 51.3 49 184 153 50.4 174 55.9
113 SUNFLOWERS 23 233 156 17.7 191 21.8 8 134 108 21.7 91 25.1
114 WHEAT 49 189 146 46.9 159 48.1 26 173 157 46.6 153 47.0
115 OTHER CROPS 10 175 84 166
116 ALFALFA 20 136 98 5.5 145 4.9 7 48 35 4.8
117 OTHER HAY & FORAGE 19 93 106 54 18 111 123 80
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 39 57
122 DAIRY COWS 7 4
123 EWES 1
124 SOWS 3 13
125 BEEF PURCH. FOR RESALE SALES 81 203
126 SWINE PURCH. FOR RESALE SALES 3 67
127 TURKEYS 825 1,080
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