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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ECON. TOTAL EXPENSE RATIO HIGH 25% HIGH MIDDLE
427 FARMS 427 FARMS
ITEM PER FARM PER FARM
1 BEEF 37,192 60,916
2 DAIRY AND MILK 3,335 11,066
3 SHEEP 57 177
4 SWINE 89 1,027
5 POULTRY AND EGGS 438 317
6 OTHER LIVESTOCK 29 -192
7 CUSTOM FEEDING 1,735 1,849
8 FEED PURCHASED -11,192 -18,305
9 LIVESTOCK INCOME $ 31,681 $ 56,855
10 CORN 6,505 28,902
11 GRAIN SORGHUM 5,644 10,496
12 SOYBEANS 12,449 36,514
13 SUNFLOWERS 76 728
14 WHEAT 16,895 36,713
15 HAY AND FORAGE 2,631 6,324
16 OTHER CROP 1,127 2,930
17 GOVERNMENT PAYMENTS 17,097 34,204
18 CROP INSURANCE PROCEEDS 2,640 4,991
19 OTHER INCOME 6,439 11,377
20 VALUE OF FARM PRODUCTION $ 103,183 $ 230,032
21 HIRED LABOR 4,897 8,339
22 MACHINERY REPAIRS 11,829 19,567
23 IRRIGATION REPAIRS 563 914
24 BUILDING REPAIRS 1,366 1,756
25 INTEREST PAID 8,339 14,093
26 SEED-OTHER CROP EXPENSE 7,398 18,321
27 CROP INSURANCE 2,051 4,735
28 FERTILIZER-LIME 13,107 30,164
29 MACHINE HIRE 5,527 10,617
30 ORGANIZATION FEE, PUBLICATION 2,072 2,419
31 VET-MED-DRUGS 1,970 2,955
32 CROP STORAGE-MARKETING 370 1,302
33 LIVESTOCK MARKETING-BREEDING 1,454 2,357
34 DAIRY EXPENSE 535 1,130
35 GAS-FUEL-OIL 8,899 15,189
36 IRRIGATION ENERGY 880 1,916
37 REAL ESTATE TAXES 4,551 5,167
38 PERSONAL PROPERTY TAXES 591 801
39 GENERAL FARM INSURANCE 3,151 4,574
40 UTILITIES 2,816 3,966
41 CASH FARM RENT 5,681 13,752
42 HERBICIDE-INSECTICIDE 6,159 14,766
43 CONSERVATION 298 506
44 AUTO EXPENSE 709 904
45 TOTAL OPERATING EXPENSE $ 95,214 $ 180,211
46 DEPRECIATION-MACHINERY 11,185 21,447
47 DEPRECIATION-BUILDINGS 1,236 2,282
48 TOTAL FARM EXPENSE $ 107,634 $ 203,941
49 NET FARM INCOME $ -4,451 $ 26,091
50 UNPAID FAMILY LABOR 1,112 1,792
51 UNPAID OPERATOR LABOR 21,878 26,551
52 MANAGEMENT CHARGE 2,811 9,089
53 CURRENT ASSET CHARGE - 8% 9,438 12,940
54 NONCURRENT ASSET CHARGE - 8% 51,970 47,902
55 RETURN LABOR-MANAGEMENT -66,970 -36,543
56 RETURN TO CAPITAL -21,914 2,753
57 ASSET TURNOVER RATIO .1142 .2267
58 OPERATING PROFIT MARGIN RATIO -.2124 .0120
59 % RETURN ON ASSETS -.0242 .0027
60 % RETURN ON EQUITY -.0394 -.0149
61 TOTAL EXPENSE RATIO 1.0431 .8866
62 ADJUSTED TOTAL EXPENSE RATIO 1.2932 1.0493
63 ECONOMIC TOTAL EXPENSE RATIO 1.8883 1.3138
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 169,823 166,261 246,941 251,489
65 NONCURRENT ASSETS 731,634 739,947 757,398 773,848
66 CURRENT LIABILITIES 47,874 52,262 86,940 87,985
67 NONCURRENT LIABILITIES 88,604 83,733 164,142 169,545
68 CURRENT RATIO 3.55 3.18 2.84 2.86
69 DEBT TO ASSET RATIO .15 .15 .25 .25
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ECON. TOTAL EXPENSE RATIO HIGH 25% HIGH MIDDLE
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 37,068 46,821
71 MACHINERY AND EQUIPMENT 38,662 68,951
72 MOTOR VEHICLES & LISTED PROPE 67,516 112,381
73 BUILDINGS 13,240 21,661
74 OWNED LAND 601,256 549,145
75 TOTAL ASSETS 903,832 1,014,838
76 NET WORTH 767,596 760,532
LABOR
77 NUMBER OF OPERATORS .81 .98
78 NUMBER OF WORKERS 1.00 1.32
79 TOTAL WORK DAYS 167 298
80 VALUE FARM PRODUCTION/WORKER 102,750 173,418
81 NET FARM INCOME/WORKER -4,432 19,670
PER OPERATOR BASIS
82 TOTAL ASSETS 1,115,423 1,031,998
83 VALUE OF FARM PRODUCTION 127,339 233,922
84 NET FARM INCOME -5,493 26,533
OTHER FACTORS
85 % CROP ACRES IRRIGATED 6.48 7.32
86 % TILLABLE LAND 48.75 64.52
87 CROP MACH COST/TOT EXPENSE(%) 32.00 32.95
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 1269 427 831 403 660 329 1768 427 718 385 1176 407
89 NON-IRRIGATED CROP ACRES 607 407 383 372 390 268 1065 424 415 376 746 396
90 IRRIGATED CROP ACRES 300 57 236 50 253 21 396 90 286 58 289 66
91 TOTAL CROP ACRES 649 407 415 372 408 269 1146 425 459 376 792 397
92 PASTURE ACRES 765 346 524 323 504 209 814 311 353 260 661 244
93 FARMSTEAD ACRES 53 244 48 229 39 49 66 224 57 208 43 65
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 619 519 1141 1056
95 CROP MACHINERY INVESTMENT 84,725 136.94 163.31 159,985 140.22 151.44
96 CROP MACHINERY COST 34,446 55.67 66.39 67,194 58.89 63.60
97 GROSS CROP VALUE 96,178 149.63 178.44 205,802 179.96 194.35
98 CROP PRODUCTION COSTS 80,483 127.95 152.59 162,980 141.84 153.19
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 157 142 94 81.4 127 80.7 231 257 147 86.5 185 86.2
100 GRAIN SORGHUM 189 148 99 65.6 113 63.1 236 225 107 74.0 183 68.2
101 SOYBEANS 211 168 109 31.9 131 31.5 272 341 172 33.0 230 31.8
102 SUNFLOWERS 9 66 55 11.4 42 11.9 17 94 85 12.6 83 10.8
103 WHEAT 276 301 184 35.5 230 35.8 343 470 177 37.8 381 38.0
104 OTHER CROPS 33 61 54 47 32 84 73 65
105 ALFALFA 121 53 44 3.5 44 3.7 145 90 54 3.5 91 3.5
106 OTHER HAY & FORAGE 242 106 88 67 237 127 73 108
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 31 155 133 169.8 134 169.2 62 259 198 169.5 190 166.5
111 GRAIN SORGHUM 16 148 113 103.9 131 105.4 24 97 73 106.6 108 97.8
112 SOYBEANS 29 111 100 50.3 90 46.1 43 190 127 50.1 153 50.2
113 SUNFLOWERS 6 116 132 18.3 10 132 160 21.4 98 15.9
114 WHEAT 20 176 146 43.1 173 49.6 29 215 188 39.6 162 43.7
115 OTHER CROPS 4 241 241 4 137
116 ALFALFA 13 126 76 4.2 127 4.9 13 145 107 5.9 163 4.2
117 OTHER HAY & FORAGE 8 95 102 13 52 43 36
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 36 42
122 DAIRY COWS 1 3
123 EWES 1 1
124 SOWS 1
125 BEEF PURCH. FOR RESALE SALES 39 71
126 SWINE PURCH. FOR RESALE SALES 1 9
127 TURKEYS 284 180
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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY ECON. TOTAL EXPENSE RATIO LOW MIDDLE LOW 25%
427 FARMS 428 FARMS
ITEM PER FARM PER FARM
1 BEEF 82,309 122,678
2 DAIRY AND MILK 21,456 23,171
3 SHEEP 179 82
4 SWINE 5,251 40,682
5 POULTRY AND EGGS 1,649 4,215
6 OTHER LIVESTOCK -628 -107
7 CUSTOM FEEDING 6,143 18,731
8 FEED PURCHASED -28,923 -59,893
9 LIVESTOCK INCOME $ 87,436 $ 149,560
10 CORN 51,435 73,246
11 GRAIN SORGHUM 18,398 13,884
12 SOYBEANS 50,705 67,658
13 SUNFLOWERS 3,111 4,646
14 WHEAT 58,484 52,209
15 HAY AND FORAGE 10,426 13,196
16 OTHER CROP 4,777 8,068
17 GOVERNMENT PAYMENTS 53,151 61,739
18 CROP INSURANCE PROCEEDS 6,857 7,802
19 OTHER INCOME 18,709 25,193
20 VALUE OF FARM PRODUCTION $ 363,488 $ 477,202
21 HIRED LABOR 19,249 19,161
22 MACHINERY REPAIRS 27,300 28,109
23 IRRIGATION REPAIRS 1,077 1,112
24 BUILDING REPAIRS 1,679 2,831
25 INTEREST PAID 22,276 24,417
26 SEED-OTHER CROP EXPENSE 25,580 30,668
27 CROP INSURANCE 7,376 8,291
28 FERTILIZER-LIME 44,249 41,380
29 MACHINE HIRE 13,068 17,812
30 ORGANIZATION FEE, PUBLICATION 3,526 3,707
31 VET-MED-DRUGS 4,510 7,196
32 CROP STORAGE-MARKETING 2,031 2,657
33 LIVESTOCK MARKETING-BREEDING 3,685 6,855
34 DAIRY EXPENSE 1,709 1,546
35 GAS-FUEL-OIL 22,930 23,887
36 IRRIGATION ENERGY 4,965 7,096
37 REAL ESTATE TAXES 4,904 4,772
38 PERSONAL PROPERTY TAXES 884 997
39 GENERAL FARM INSURANCE 5,787 6,161
40 UTILITIES 5,700 7,059
41 CASH FARM RENT 24,514 30,439
42 HERBICIDE-INSECTICIDE 22,503 22,634
43 CONSERVATION 537 879
44 AUTO EXPENSE 1,099 987
45 TOTAL OPERATING EXPENSE $ 271,139 $ 300,653
46 DEPRECIATION-MACHINERY 29,238 29,632
47 DEPRECIATION-BUILDINGS 2,903 4,443
48 TOTAL FARM EXPENSE $ 303,281 $ 334,728
49 NET FARM INCOME $ 60,207 $ 142,473
50 UNPAID FAMILY LABOR 1,813 2,150
51 UNPAID OPERATOR LABOR 28,543 29,820
52 MANAGEMENT CHARGE 15,996 29,572
53 CURRENT ASSET CHARGE - 8% 13,028 17,224
54 NONCURRENT ASSET CHARGE - 8% 41,369 34,340
55 RETURN LABOR-MANAGEMENT 3,997 88,760
56 RETURN TO CAPITAL 36,132 105,348
57 ASSET TURNOVER RATIO .3393 .4364
58 OPERATING PROFIT MARGIN RATIO .0994 .2208
59 % RETURN ON ASSETS .0337 .0963
60 % RETURN ON EQUITY .0204 .1256
61 TOTAL EXPENSE RATIO .8344 .7014
62 ADJUSTED TOTAL EXPENSE RATIO .9619 .8304
63 ECONOMIC TOTAL EXPENSE RATIO 1.1115 .9385
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 303,639 324,410 382,007 443,025
65 NONCURRENT ASSETS 738,842 775,416 662,451 699,691
66 CURRENT LIABILITIES 144,146 158,192 194,702 199,728
67 NONCURRENT LIABILITIES 231,446 248,579 245,575 258,075
68 CURRENT RATIO 2.11 2.05 1.96 2.22
69 DEBT TO ASSET RATIO .36 .37 .42 .40
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY ECON. TOTAL EXPENSE RATIO LOW MIDDLE LOW 25%
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 61,466 61,374
71 MACHINERY AND EQUIPMENT 90,008 89,200
72 MOTOR VEHICLES & LISTED PROPE 144,492 137,829
73 BUILDINGS 29,033 43,761
74 OWNED LAND 472,970 388,885
75 TOTAL ASSETS 1,071,154 1,093,587
76 NET WORTH 679,972 644,547
LABOR
77 NUMBER OF OPERATORS 1.05 1.10
78 NUMBER OF WORKERS 1.67 1.83
79 TOTAL WORK DAYS 440 489
80 VALUE FARM PRODUCTION/WORKER 216,561 260,016
81 NET FARM INCOME/WORKER 35,871 77,630
PER OPERATOR BASIS
82 TOTAL ASSETS 1,013,253 990,174
83 VALUE OF FARM PRODUCTION 343,840 432,076
84 NET FARM INCOME 56,953 129,001
OTHER FACTORS
85 % CROP ACRES IRRIGATED 9.89 9.79
86 % TILLABLE LAND 71.93 65.49
87 CROP MACH COST/TOT EXPENSE(%) 29.07 26.43
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2219 427 759 369 1677 410 2391 428 716 324 1897 417
89 NON-IRRIGATED CROP ACRES 1462 420 466 352 1130 398 1484 414 438 304 1218 395
90 IRRIGATED CROP ACRES 566 119 279 72 469 101 561 117 223 49 511 107
91 TOTAL CROP ACRES 1619 421 522 353 1237 402 1615 415 473 305 1325 397
92 PASTURE ACRES 925 296 373 235 842 233 1153 299 345 214 1087 249
93 FARMSTEAD ACRES 55 218 43 190 60 66 97 191 82 171 86 52
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1596 1538 1566 1532
95 CROP MACHINERY INVESTMENT 207,408 129.95 134.90 187,643 119.83 122.51
96 CROP MACHINERY COST 88,171 55.24 57.35 88,485 56.51 57.77
97 GROSS CROP VALUE 331,905 205.52 213.34 388,118 241.49 246.88
98 CROP PRODUCTION COSTS 232,407 144.25 149.74 239,913 148.56 151.87
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 266 319 154 94.6 250 91.0 271 466 206 104.6 378 97.7
100 GRAIN SORGHUM 258 328 141 78.4 275 73.5 201 285 125 80.4 252 75.9
101 SOYBEANS 268 431 175 63.7 333 32.4 256 558 192 37.3 467 36.3
102 SUNFLOWERS 38 154 75 13.9 150 27.4 40 238 256 14.9 184 13.9
103 WHEAT 357 661 227 39.1 539 38.7 331 597 205 40.6 523 39.3
104 OTHER CROPS 36 107 77 99 27 252 225 206
105 ALFALFA 147 133 73 3.8 125 3.6 130 111 58 3.7 106 4.3
106 OTHER HAY & FORAGE 229 162 78 141 225 143 77 126
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 91 375 204 174.8 312 180.8 97 387 172 175.6 358 185.6
111 GRAIN SORGHUM 19 118 81 80.0 108 101.7 16 90 92 105.4
112 SOYBEANS 76 218 126 53.6 207 54.0 73 169 132 53.1 155 52.7
113 SUNFLOWERS 16 203 132 20.3 183 18.6 18 186 119 15.7 153 22.1
114 WHEAT 38 205 199 52.9 172 44.3 44 147 78 45.9 143 48.7
115 OTHER CROPS 8 164 106 170 8 216 205
116 ALFALFA 12 121 79 5.4 123 4.4 16 163 93 5.4 167 5.0
117 OTHER HAY & FORAGE 25 104 149 44 20 150 191 79
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 46 43
122 DAIRY COWS 5 5
123 EWES 1
124 SOWS 4 15
125 BEEF PURCH. FOR RESALE SALES 133 157
126 SWINE PURCH. FOR RESALE SALES 24 51
127 TURKEYS 917 2,018
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