KFMA State Reports

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       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                             < 350,001                        350,001 - 500,000   
                                                         86 FARMS                                  79 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            11,813                                    25,484 
        2  DAIRY AND MILK                                   6,312                                     5,367 
        3  SHEEP                                               66 
        4  SWINE                                            3,724                                        20 
        5  POULTRY AND EGGS                                 2,517                                    14,463 
        6  OTHER LIVESTOCK                                    161                                       -66 
        7  CUSTOM FEEDING                                                                             6,114 
        8  FEED PURCHASED                                  -5,493                                    -7,086 
        9     LIVESTOCK INCOME                       $     19,101                              $     44,295 
      
       10  CORN                                            10,002                                     8,773 
       11  GRAIN SORGHUM                                    2,207                                     2,874 
       12  SOYBEANS                                        12,405                                    12,745 
       13  SUNFLOWERS                                         230                                       144 
       14  WHEAT                                            6,269                                     7,735 
       15  HAY AND FORAGE                                   4,103                                     2,395 
       16  OTHER CROP                                       3,020                                     2,255 
       17  GOVERNMENT PAYMENTS                              9,541                                     8,775 
       18  CROP INSURANCE PROCEEDS                          1,711                                       976 
       19  OTHER INCOME                                     5,914                                    11,313 
       20     VALUE OF FARM PRODUCTION               $     74,504                              $    102,280 
      
       21  HIRED LABOR                                      1,976                                     4,508 
       22  MACHINERY REPAIRS                                6,961                                     9,017 
       23  IRRIGATION REPAIRS                                  23                                       165 
       24  BUILDING REPAIRS                                   579                                       703 
       25  INTEREST PAID                                    4,783                                     6,873 
       26  SEED-OTHER CROP EXPENSE                          6,984                                     5,867 
       27  CROP INSURANCE                                   1,055                                     1,385 
       28  FERTILIZER-LIME                                  6,094                                     8,337 
       29  MACHINE HIRE                                     4,094                                     2,825 
       30  ORGANIZATION FEE, PUBLICATION                    1,333                                     1,342 
       31  VET-MED-DRUGS                                      879                                     1,491 
       32  CROP STORAGE-MARKETING                             530                                       715 
       33  LIVESTOCK MARKETING-BREEDING                       812                                       880 
       34  DAIRY EXPENSE                                      487                                       649 
       35  GAS-FUEL-OIL                                     4,909                                     6,407 
       36  IRRIGATION ENERGY                                  114                                       257 
       37  REAL ESTATE TAXES                                1,406                                     2,253 
       38  PERSONAL PROPERTY TAXES                            357                                       576 
       39  GENERAL FARM INSURANCE                           1,672                                     2,614 
       40  UTILITIES                                        2,824                                     5,536 
       41  CASH FARM RENT                                   3,875                                     6,528 
       42  HERBICIDE-INSECTICIDE                            3,378                                     3,598 
       43  CONSERVATION                                       276                                       565 
       44  AUTO EXPENSE                                     1,018                                       866 
       45     TOTAL OPERATING EXPENSE                $     56,417                              $     73,961 
      
       46  DEPRECIATION-MACHINERY                           4,894                                     7,394 
       47  DEPRECIATION-BUILDINGS                             867                                     2,129 
       48     TOTAL FARM EXPENSE                     $     62,177                              $     83,484 
      
       49     NET FARM INCOME                        $     12,328                              $     18,795 
      
       50  UNPAID FAMILY LABOR                              1,047                                     1,139 
       51  UNPAID OPERATOR LABOR                           18,366                                    18,900 
       52  MANAGEMENT CHARGE                                3,417                                     4,949 
       53  CURRENT ASSET CHARGE - 8%                        3,137                                     4,360 
       54  NONCURRENT ASSET CHARGE - 8%                     6,546                                    13,755 
       55  RETURN LABOR-MANAGEMENT                          1,598                                      -459 
       56  RETURN TO CAPITAL                               -5,719                                       680 
       57  ASSET TURNOVER RATIO                             .3784                                     .2976 
       58  OPERATING PROFIT MARGIN RATIO                   -.0768                                     .0066 
       59  % RETURN ON ASSETS                              -.0291                                     .0020 
       60  % RETURN ON EQUITY                              -.0868                                    -.0273 
       61  TOTAL EXPENSE RATIO                              .8345                                     .8162 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.1410                                    1.0605 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2709                                    1.2377 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           52,994                60,370              75,699                86,570    
       65  NONCURRENT ASSETS                       136,452               143,928             259,011               266,125    
       66  CURRENT LIABILITIES                      15,923                19,011              26,730                26,549    
       67  NONCURRENT LIABILITIES                   57,748                58,980              89,830                91,424    
       68  CURRENT RATIO                              3.33                  3.18                2.83                  3.26    
       69  DEBT TO ASSET RATIO                         .39                   .38                 .35                   .33    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                             < 350,001                        350,001 - 500,000   
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              17,982                                    21,962 
       71  MACHINERY AND EQUIPMENT                         12,944                                    26,161 
       72  MOTOR VEHICLES & LISTED PROPE                   29,440                                    38,701 
       73  BUILDINGS                                        7,078                                    21,339 
       74  OWNED LAND                                      88,156                                   171,742 
       75  TOTAL ASSETS                                   196,872                                   343,703 
       76  NET WORTH                                      121,041                                   226,436 
      
       LABOR
       77  NUMBER OF OPERATORS                                .68                                       .70 
       78  NUMBER OF WORKERS                                  .77                                       .90 
       79  TOTAL WORK DAYS                                     98                                       151 
       80  VALUE FARM PRODUCTION/WORKER                    96,207                                   112,693 
       81  NET FARM INCOME/WORKER                          15,918                                    20,709 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   289,419                                   491,004 
       83  VALUE OF FARM PRODUCTION                       109,528                                   146,114 
       84  NET FARM INCOME                                 18,122                                    26,850 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.23                                      1.84 
       86  % TILLABLE LAND                                  66.39                                     46.99 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.23                                     23.51 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      439    86    175    63    438    61        684    79    270    72    567    61    
       89  NON-IRRIGATED CROP ACRES         337    72    123    55    357    49        346    72    148    63    318    49    
       90  IRRIGATED CROP ACRES             162     5                                   93     5
       91  TOTAL CROP ACRES                 348    72    128    55    367    49        353    72    155    63    319    49    
       92  PASTURE ACRES                    236    51     88    40    305    28        472    58    175    49    521    36    
       93  FARMSTEAD ACRES                   17    36     15    29     13    14         37    35     34    32     16    13    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           291           274                         321           308  
       95  CROP MACHINERY INVESTMENT           33,880        116.27        123.48         42,081        130.93        136.56  
       96  CROP MACHINERY COST                 16,928         58.09         61.69         19,624         61.06         63.68  
       97  GROSS CROP VALUE                    60,810        179.57        190.70         60,822        177.27        184.89  
       98  CROP PRODUCTION COSTS               44,146        140.93        149.66         51,067        146.83        153.14  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            29    161     55   101.1   177    96.1     29    142     54   100.1   143    98.4  
      100  GRAIN SORGHUM                   20    115     51    69.3   121    67.3     28    106     64    65.4    89    69.7  
      101  SOYBEANS                        39    176     53    28.7   175    31.3     31    209     78    33.0   213    34.3  
      102  SUNFLOWERS   
      103  WHEAT                           37    167     69    36.7   215    34.1     44    145     63    38.4   158    40.4  
      104  OTHER CROPS                      4     63                   39     
      105  ALFALFA                         13     78     79     3.1    30     3.3     14     41     33     3.3    31     3.4  
      106  OTHER HAY & FORAGE              29     45     52            29             35     85     56           108    
      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   
      111  GRAIN SORGHUM
      112  SOYBEANS                         4     93  
      113  SUNFLOWERS   
      114  WHEAT  
      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                                           15                                        25 
      122  DAIRY COWS                                           2                                         2 
      123  EWES   
      124  SOWS                                                 4 
      125  BEEF PURCH. FOR RESALE SALES                         7                                        26 
      126  SWINE PURCH. FOR RESALE SALES                        4 
      127  TURKEYS                                          1,540                                     8,778 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                     500,001 - 750,000                        750,001 - 1,000,000 
                                                        187 FARMS                                 169 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            23,688                                    30,045 
        2  DAIRY AND MILK                                  15,607                                    16,892 
        3  SHEEP                                              288                                       190 
        4  SWINE                                            1,519                                     3,863 
        5  POULTRY AND EGGS                                 4,208                                       862 
        6  OTHER LIVESTOCK                                    112                                       288 
        7  CUSTOM FEEDING                                     616                                       821 
        8  FEED PURCHASED                                  -9,430                                   -13,925 
        9     LIVESTOCK INCOME                       $     36,607                              $     39,037 
      
       10  CORN                                            10,616                                    16,019 
       11  GRAIN SORGHUM                                    5,686                                     6,362 
       12  SOYBEANS                                        20,076                                    28,609 
       13  SUNFLOWERS                                         291                                        27 
       14  WHEAT                                           14,497                                    22,186 
       15  HAY AND FORAGE                                   3,221                                     3,748 
       16  OTHER CROP                                         592                                     1,096 
       17  GOVERNMENT PAYMENTS                             15,790                                    21,886 
       18  CROP INSURANCE PROCEEDS                          1,854                                     2,918 
       19  OTHER INCOME                                     7,057                                     7,572 
       20     VALUE OF FARM PRODUCTION               $    116,288                              $    149,457 
      
       21  HIRED LABOR                                      3,096                                     3,934 
       22  MACHINERY REPAIRS                               10,405                                    12,945 
       23  IRRIGATION REPAIRS                                 203                                       269 
       24  BUILDING REPAIRS                                   851                                     1,081 
       25  INTEREST PAID                                    7,628                                     9,519 
       26  SEED-OTHER CROP EXPENSE                          8,690                                    11,023 
       27  CROP INSURANCE                                   1,930                                     2,681 
       28  FERTILIZER-LIME                                 12,265                                    17,476 
       29  MACHINE HIRE                                     5,177                                     6,321 
       30  ORGANIZATION FEE, PUBLICATION                    1,762                                     1,952 
       31  VET-MED-DRUGS                                    1,356                                     2,148 
       32  CROP STORAGE-MARKETING                             405                                       778 
       33  LIVESTOCK MARKETING-BREEDING                       974                                     1,472 
       34  DAIRY EXPENSE                                    1,780                                     1,373 
       35  GAS-FUEL-OIL                                     7,734                                     9,715 
       36  IRRIGATION ENERGY                                  481                                     1,308 
       37  REAL ESTATE TAXES                                2,824                                     3,531 
       38  PERSONAL PROPERTY TAXES                            321                                       453 
       39  GENERAL FARM INSURANCE                           2,672                                     3,178 
       40  UTILITIES                                        3,772                                     3,130 
       41  CASH FARM RENT                                   7,098                                     8,774 
       42  HERBICIDE-INSECTICIDE                            5,797                                     8,660 
       43  CONSERVATION                                       160                                       399 
       44  AUTO EXPENSE                                       687                                       733 
       45     TOTAL OPERATING EXPENSE                $     88,066                              $    112,851 
      
       46  DEPRECIATION-MACHINERY                           8,631                                    12,453 
       47  DEPRECIATION-BUILDINGS                           1,208                                     1,191 
       48     TOTAL FARM EXPENSE                     $     97,906                              $    126,495 
      
       49     NET FARM INCOME                        $     18,383                              $     22,963 
      
       50  UNPAID FAMILY LABOR                                854                                       839 
       51  UNPAID OPERATOR LABOR                           21,975                                    23,006 
       52  MANAGEMENT CHARGE                                5,336                                     6,630 
       53  CURRENT ASSET CHARGE - 8%                        5,934                                     7,526 
       54  NONCURRENT ASSET CHARGE - 8%                    19,519                                    28,993 
       55  RETURN LABOR-MANAGEMENT                         -7,924                                   -14,395 
       56  RETURN TO CAPITAL                               -2,155                                     2,008 
       57  ASSET TURNOVER RATIO                             .2559                                     .2472 
       58  OPERATING PROFIT MARGIN RATIO                   -.0185                                     .0134 
       59  % RETURN ON ASSETS                              -.0047                                     .0033 
       60  % RETURN ON EQUITY                              -.0308                                    -.0165 
       61  TOTAL EXPENSE RATIO                              .8419                                     .8464 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0841                                    1.0503 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.3030                                    1.2946 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          107,724               115,730             135,560               145,884    
       65  NONCURRENT ASSETS                       340,970               344,436             454,532               473,281    
       66  CURRENT LIABILITIES                      36,214                38,902              44,954                48,334    
       67  NONCURRENT LIABILITIES                   99,459                97,972              98,762               104,224    
       68  CURRENT RATIO                              2.97                  2.97                3.02                  3.02    
       69  DEBT TO ASSET RATIO                         .30                   .30                 .24                   .25    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                     500,001 - 750,000                        750,001 - 1,000,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              31,860                                    37,948 
       71  MACHINERY AND EQUIPMENT                         29,296                                    41,191 
       72  MOTOR VEHICLES & LISTED PROPE                   50,501                                    69,437 
       73  BUILDINGS                                       11,850                                    12,588 
       74  OWNED LAND                                     242,511                                   329,593 
       75  TOTAL ASSETS                                   454,430                                   604,628 
       76  NET WORTH                                      318,156                                   456,491 
      
       LABOR
       77  NUMBER OF OPERATORS                                .81                                       .85 
       78  NUMBER OF WORKERS                                  .96                                      1.01 
       79  TOTAL WORK DAYS                                    167                                       200 
       80  VALUE FARM PRODUCTION/WORKER                   120,210                                   146,765 
       81  NET FARM INCOME/WORKER                          19,003                                    22,549 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   558,334                                   709,598 
       83  VALUE OF FARM PRODUCTION                       142,877                                   175,405 
       84  NET FARM INCOME                                 22,586                                    26,949 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            4.27                                      3.96 
       86  % TILLABLE LAND                                  66.32                                     63.54 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.21                                     32.00 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      804   187    418   163    541   152       1104   169    496   155    716   153    
       89  NON-IRRIGATED CROP ACRES         525   182    244   151    431   136        686   166    289   144    523   138    
       90  IRRIGATED CROP ACRES             250    17    241    12    228     6        247    19    168     9    198    16    
       91  TOTAL CROP ACRES                 548   182    263   151    441   136        710   167    299   144    539   140    
       92  PASTURE ACRES                    366   126    225   109    296    73        485   130    254   119    385    85    
       93  FARMSTEAD ACRES                   46    98     42    93     29    22         54    91     41    86     83    17    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           533           505                         701           649  
       95  CROP MACHINERY INVESTMENT           65,213        122.29        129.23         94,857        135.27        146.24  
       96  CROP MACHINERY COST                 29,576         55.46         58.61         40,482         57.73         62.41  
       97  GROSS CROP VALUE                    96,592        176.29        186.30        132,002        187.13        202.30  
       98  CROP PRODUCTION COSTS               69,453        130.24        137.64         97,238        136.21        147.25  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            83    152     79    91.6   145    94.1     82    192     82    90.2   181    88.6  
      100  GRAIN SORGHUM                   86    128     71    77.0   105    69.2     73    155     87    72.8   141    65.6  
      101  SOYBEANS                       101    233     81    31.9   223    32.1    111    261    116    35.3   233    32.3  
      102  SUNFLOWERS                      10     73     54    12.1    78     5.5   
      103  WHEAT                          130    235    132    38.1   183    37.1    121    299    137    36.5   258    37.0  
      104  OTHER CROPS                      9     69     52            73             11     48     45            29    
      105  ALFALFA                         43     77     41     3.4    92     3.4     50     62     42     3.6    56     3.5  
      106  OTHER HAY & FORAGE              90     84     58            75             95     89     55            76    
      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    132    136   179.5                    9    223     75   162.7   190   168.5  
      111  GRAIN SORGHUM                                                               7    122                  118    99.7  
      112  SOYBEANS                        10    124    144    48.1                   11    108     98    50.0   100    45.6  
      113  SUNFLOWERS   
      114  WHEAT                            5    201    224    64.6                    5    139 
      115  OTHER CROPS  
      116  ALFALFA                          5     81  
      117  OTHER HAY & FORAGE 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           26                                        31 
      122  DAIRY COWS                                           4                                         4 
      123  EWES                                                 5                                         1 
      124  SOWS                                                 1                                         2 
      125  BEEF PURCH. FOR RESALE SALES                        19                                        23 
      126  SWINE PURCH. FOR RESALE SALES                        2                                         2 
      127  TURKEYS                                          2,290                                       391 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   1,000,001 - 1,500,000                    1,500,001 - 2,000,000 
                                                        352 FARMS                                 265 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            45,040                                    55,719 
        2  DAIRY AND MILK                                  13,827                                    16,273 
        3  SHEEP                                              715                                        70 
        4  SWINE                                            5,663                                     9,790 
        5  POULTRY AND EGGS                                 1,164                                        66 
        6  OTHER LIVESTOCK                                    159                                      -388 
        7  CUSTOM FEEDING                                   3,001                                     2,199 
        8  FEED PURCHASED                                 -15,146                                   -17,426 
        9     LIVESTOCK INCOME                       $     54,423                              $     66,303 
      
       10  CORN                                            19,956                                    32,142 
       11  GRAIN SORGHUM                                   10,975                                    14,175 
       12  SOYBEANS                                        30,224                                    38,158 
       13  SUNFLOWERS                                         711                                     1,673 
       14  WHEAT                                           30,420                                    47,541 
       15  HAY AND FORAGE                                   7,641                                     9,908 
       16  OTHER CROP                                       3,052                                     2,958 
       17  GOVERNMENT PAYMENTS                             27,314                                    40,792 
       18  CROP INSURANCE PROCEEDS                          3,993                                     5,879 
       19  OTHER INCOME                                    11,817                                    12,733 
       20     VALUE OF FARM PRODUCTION               $    200,527                              $    272,261 
      
       21  HIRED LABOR                                      5,990                                    10,078 
       22  MACHINERY REPAIRS                               17,540                                    20,752 
       23  IRRIGATION REPAIRS                                 329                                       638 
       24  BUILDING REPAIRS                                 1,427                                     1,568 
       25  INTEREST PAID                                   13,210                                    15,478 
       26  SEED-OTHER CROP EXPENSE                         14,553                                    17,889 
       27  CROP INSURANCE                                   3,708                                     5,964 
       28  FERTILIZER-LIME                                 22,698                                    30,651 
       29  MACHINE HIRE                                     7,690                                    11,396 
       30  ORGANIZATION FEE, PUBLICATION                    2,283                                     2,676 
       31  VET-MED-DRUGS                                    2,299                                     2,998 
       32  CROP STORAGE-MARKETING                             929                                     1,461 
       33  LIVESTOCK MARKETING-BREEDING                     2,065                                     2,347 
       34  DAIRY EXPENSE                                    1,068                                     1,385 
       35  GAS-FUEL-OIL                                    13,688                                    16,691 
       36  IRRIGATION ENERGY                                1,423                                     3,062 
       37  REAL ESTATE TAXES                                4,057                                     4,477 
       38  PERSONAL PROPERTY TAXES                            592                                       846 
       39  GENERAL FARM INSURANCE                           3,896                                     4,475 
       40  UTILITIES                                        3,777                                     4,204 
       41  CASH FARM RENT                                  11,172                                    19,286 
       42  HERBICIDE-INSECTICIDE                           11,416                                    16,597 
       43  CONSERVATION                                       453                                       484 
       44  AUTO EXPENSE                                     1,044                                       964 
       45     TOTAL OPERATING EXPENSE                $    147,306                              $    196,369 
      
       46  DEPRECIATION-MACHINERY                          16,178                                    20,529 
       47  DEPRECIATION-BUILDINGS                           1,844                                     2,019 
       48     TOTAL FARM EXPENSE                     $    165,327                              $    218,917 
      
       49     NET FARM INCOME                        $     35,199                              $     53,344 
      
       50  UNPAID FAMILY LABOR                              1,393                                     1,588 
       51  UNPAID OPERATOR LABOR                           25,405                                    27,326 
       52  MANAGEMENT CHARGE                                9,489                                    13,526 
       53  CURRENT ASSET CHARGE - 8%                        9,292                                    11,551 
       54  NONCURRENT ASSET CHARGE - 8%                    33,467                                    41,815 
       55  RETURN LABOR-MANAGEMENT                         -8,953                                    -1,610 
       56  RETURN TO CAPITAL                               12,123                                    26,382 
       57  ASSET TURNOVER RATIO                             .2659                                     .2933 
       58  OPERATING PROFIT MARGIN RATIO                    .0605                                     .0969 
       59  % RETURN ON ASSETS                               .0161                                     .0284 
       60  % RETURN ON EQUITY                              -.0020                                     .0163 
       61  TOTAL EXPENSE RATIO                              .8245                                     .8041 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0054                                     .9600 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2187                                    1.1560 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          181,654               194,070             228,998               246,198    
       65  NONCURRENT ASSETS                       559,973               572,387             677,818               703,625    
       66  CURRENT LIABILITIES                      71,261                72,162              90,930                95,483    
       67  NONCURRENT LIABILITIES                  146,259               149,418             165,921               170,144    
       68  CURRENT RATIO                              2.55                  2.69                2.52                  2.58    
       69  DEBT TO ASSET RATIO                         .29                   .29                 .28                   .28    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   1,000,001 - 1,500,000                    1,500,001 - 2,000,000 
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              43,381                                    49,414 
       71  MACHINERY AND EQUIPMENT                         51,909                                    67,057 
       72  MOTOR VEHICLES & LISTED PROPE                   84,968                                   108,206 
       73  BUILDINGS                                       17,626                                    19,558 
       74  OWNED LAND                                     400,221                                   478,123 
       75  TOTAL ASSETS                                   754,042                                   928,319 
       76  NET WORTH                                      534,492                                   667,080 
      
       LABOR
       77  NUMBER OF OPERATORS                                .94                                      1.01 
       78  NUMBER OF WORKERS                                 1.19                                      1.35 
       79  TOTAL WORK DAYS                                    256                                       329 
       80  VALUE FARM PRODUCTION/WORKER                   168,141                                   201,478 
       81  NET FARM INCOME/WORKER                          29,515                                    39,475 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   801,397                                   917,243 
       83  VALUE OF FARM PRODUCTION                       213,120                                   269,013 
       84  NET FARM INCOME                                 37,410                                    52,707 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            5.23                                      7.09 
       86  % TILLABLE LAND                                  62.79                                     67.44 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.72                                     30.87 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1425   352    602   309    959   329       1979   265    741   228   1405   253    
       89  NON-IRRIGATED CROP ACRES         858   348    328   294    647   312       1259   261    437   219    958   243    
       90  IRRIGATED CROP ACRES             284    58    176    39    229    42        339    74    194    39    319    55    
       91  TOTAL CROP ACRES                 905   348    351   295    678   312       1345   263    469   220   1022   245    
       92  PASTURE ACRES                    663   266    341   220    486   208        787   206    368   161    647   159    
       93  FARMSTEAD ACRES                   54   192     42   177     52    54         67   127     56   114     56    38    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           895           850                        1335          1200  
       95  CROP MACHINERY INVESTMENT          116,512        130.21        137.11        153,007        114.65        127.49  
       96  CROP MACHINERY COST                 50,795         56.77         59.78         67,589         50.65         56.32  
       97  GROSS CROP VALUE                   181,223        200.22        210.84        235,636        176.56        196.35  
       98  CROP PRODUCTION COSTS              124,897        138.39        145.73        167,231        124.83        138.82  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           178    226    117    89.1   182    89.5    144    281    125    92.7   242    85.7  
      100  GRAIN SORGHUM                  191    208     94    78.2   177    71.2    166    264    116    73.3   227    69.8  
      101  SOYBEANS                       224    284    140    65.1   213    32.0    146    360    147    34.3   275    31.6  
      102  SUNFLOWERS                      19    120     73    13.7   113    44.2     20     98     90    13.1    89    13.5  
      103  WHEAT                          273    374    148    37.8   308    39.4    228    545    197    38.3   442    38.4  
      104  OTHER CROPS                     33     67     43            69             22     99     79           107    
      105  ALFALFA                        126     93     53     3.6    96     3.7     97     78     41     3.5    76     3.7  
      106  OTHER HAY & FORAGE             198    100     63            84            160    121     59           105    
      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    175    151   162.3   139   177.7     50    209    121   167.9   212   172.8  
      111  GRAIN SORGHUM                   16    113     84   113.0   106   104.0     14     98    134   108.6    63   104.6  
      112  SOYBEANS                        31    134     87    49.8   117    51.9     33    157     90    49.1   156    51.9  
      113  SUNFLOWERS                       6    119                  114    10.6     10    145    123    18.8   105    21.5  
      114  WHEAT                           16    127    135    42.1   113    49.0     22    172    111    46.4   160    42.1  
      115  OTHER CROPS                                                                 5    135                  105    
      116  ALFALFA                         10    140     75     4.1   175     3.9     10    200    107     5.4   156     4.5  
      117  OTHER HAY & FORAGE               4     76                                  17     59     63            49    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           35                                        36 
      122  DAIRY COWS                                           4                                         3 
      123  EWES                                                 1                                         1 
      124  SOWS                                                 3                                         7 
      125  BEEF PURCH. FOR RESALE SALES                        40                                        65 
      126  SWINE PURCH. FOR RESALE SALES                        7                                        51 
      127  TURKEYS                                            187 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY CAPITAL MANAGED                   2,000,001 - 25,000,000                             > 25,000,001
                                                        571 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           151,293 
        2  DAIRY AND MILK                                  16,302 
        3  SHEEP                                             -264 
        4  SWINE                                           25,016 
        5  POULTRY AND EGGS                                   195 
        6  OTHER LIVESTOCK                                   -727 
        7  CUSTOM FEEDING                                  17,153 
        8  FEED PURCHASED                                 -62,139 
        9     LIVESTOCK INCOME                       $    146,829 
      
       10  CORN                                            81,687 
       11  GRAIN SORGHUM                                   18,415 
       12  SOYBEANS                                        70,232 
       13  SUNFLOWERS                                       5,037 
       14  WHEAT                                           68,813 
       15  HAY AND FORAGE                                  11,962 
       16  OTHER CROP                                       8,114 
       17  GOVERNMENT PAYMENTS                             74,318 
       18  CROP INSURANCE PROCEEDS                          9,628 
       19  OTHER INCOME                                    25,995 
       20     VALUE OF FARM PRODUCTION               $    521,030 
      
       21  HIRED LABOR                                     27,186 
       22  MACHINERY REPAIRS                               34,984 
       23  IRRIGATION REPAIRS                               2,073 
       24  BUILDING REPAIRS                                 3,321 
       25  INTEREST PAID                                   29,421 
       26  SEED-OTHER CROP EXPENSE                         36,104 
       27  CROP INSURANCE                                   9,975 
       28  FERTILIZER-LIME                                 56,989 
       29  MACHINE HIRE                                    20,594 
       30  ORGANIZATION FEE, PUBLICATION                    4,583 
       31  VET-MED-DRUGS                                    8,222 
       32  CROP STORAGE-MARKETING                           2,969 
       33  LIVESTOCK MARKETING-BREEDING                     7,383 
       34  DAIRY EXPENSE                                    1,230 
       35  GAS-FUEL-OIL                                    29,847 
       36  IRRIGATION ENERGY                                8,227 
       37  REAL ESTATE TAXES                                7,440 
       38  PERSONAL PROPERTY TAXES                          1,320 
       39  GENERAL FARM INSURANCE                           7,815 
       40  UTILITIES                                        6,993 
       41  CASH FARM RENT                                  33,434 
       42  HERBICIDE-INSECTICIDE                           29,233 
       43  CONSERVATION                                       867 
       44  AUTO EXPENSE                                       962 
       45     TOTAL OPERATING EXPENSE                $    371,170 
      
       46  DEPRECIATION-MACHINERY                          40,705 
       47  DEPRECIATION-BUILDINGS                           4,885 
       48     TOTAL FARM EXPENSE                     $    416,760 
      
       49     NET FARM INCOME                        $    104,270 
      
       50  UNPAID FAMILY LABOR                              2,699 
       51  UNPAID OPERATOR LABOR                           32,182 
       52  MANAGEMENT CHARGE                               25,991 
       53  CURRENT ASSET CHARGE - 8%                       23,052 
       54  NONCURRENT ASSET CHARGE - 8%                    73,461 
       55  RETURN LABOR-MANAGEMENT                          5,057 
       56  RETURN TO CAPITAL                               72,818 
       57  ASSET TURNOVER RATIO                             .2969 
       58  OPERATING PROFIT MARGIN RATIO                    .1398 
       59  % RETURN ON ASSETS                               .0415 
       60  % RETURN ON EQUITY                               .0360 
       61  TOTAL EXPENSE RATIO                              .7999 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9167 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1019 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          512,947               551,025    
       65  NONCURRENT ASSETS                     1,200,219             1,245,577    
       66  CURRENT LIABILITIES                     237,160               250,503    
       67  NONCURRENT LIABILITIES                  296,062               313,199    
       68  CURRENT RATIO                              2.16                  2.20    
       69  DEBT TO ASSET RATIO                         .31                   .31    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY CAPITAL MANAGED                   2,000,001 - 25,000,000                             > 25,000,001
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              77,613 
       71  MACHINERY AND EQUIPMENT                        124,168 
       72  MOTOR VEHICLES & LISTED PROPE                  196,417 
       73  BUILDINGS                                       49,045 
       74  OWNED LAND                                     822,840 
       75  TOTAL ASSETS                                 1,754,884 
       76  NET WORTH                                    1,206,422 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.19 
       78  NUMBER OF WORKERS                                 2.15 
       79  TOTAL WORK DAYS                                    583 
       80  VALUE FARM PRODUCTION/WORKER                   242,231 
       81  NET FARM INCOME/WORKER                          48,476 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,472,287 
       83  VALUE OF FARM PRODUCTION                       437,127 
       84  NET FARM INCOME                                 87,479 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           11.49 
       86  % TILLABLE LAND                                  64.29 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.47 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     3176   571   1207   491   2257   554     
       89  NON-IRRIGATED CROP ACRES        1847   564    647   478   1382   530     
       90  IRRIGATED CROP ACRES             654   205    326   122    544   173     
       91  TOTAL CROP ACRES                2067   564    730   478   1529   534     
       92  PASTURE ACRES                   1565   415    663   334   1295   346     
       93  FARMSTEAD ACRES                   94   298     83   267     78    74     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          2042          1954  
       95  CROP MACHINERY INVESTMENT          275,556        134.97        141.03   
       96  CROP MACHINERY COST                118,653         58.12         60.73   
       97  GROSS CROP VALUE                   451,051        218.61        228.43   
       98  CROP PRODUCTION COSTS              313,769        151.54        158.34   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           380    461    228    92.4   354    92.5   
      100  GRAIN SORGHUM                  320    350    160    72.1   292    72.9   
      101  SOYBEANS                       355    576    238    35.8   445    35.2   
      102  SUNFLOWERS                      50    245    178    13.9   198    13.7   
      103  WHEAT                          474    785    283    38.8   648    38.1   
      104  OTHER CROPS                     46    202    154           167     
      105  ALFALFA                        200    131     73     3.8   128     4.1   
      106  OTHER HAY & FORAGE             326    201    119           162     
      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                           170    421    215   175.9   362   182.0   
      111  GRAIN SORGHUM                   35    117     68    94.3   122   100.4   
      112  SOYBEANS                       131    214    140    54.0   195    53.5   
      113  SUNFLOWERS                      31    201    149    18.7   171    19.9   
      114  WHEAT                           82    199    159    43.0   169    46.5   
      115  OTHER CROPS                     15    227    181           214     
      116  ALFALFA                         25    143     97     5.4   154     5.0   
      117  OTHER HAY & FORAGE              40    137    163            66     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           63 
      122  DAIRY COWS                                           4 
      123  EWES   
      124  SOWS                                                 8 
      125  BEEF PURCH. FOR RESALE SALES                       227 
      126  SWINE PURCH. FOR RESALE SALES                       33 
      127  TURKEYS                                            117