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       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                               CROP FARM                             CROP FARM IRRIGATED
                                                       1166 FARMS                                  74 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            43,456                                    29,222 
        2  DAIRY AND MILK                                   1,924                                     4,231 
        3  SHEEP                                              277                                        91 
        4  SWINE                                            1,246                                     1,435 
        5  POULTRY AND EGGS                                   224                                       228 
        6  OTHER LIVESTOCK                                    149                                    -4,001 
        7  CUSTOM FEEDING                                   5,209                                     4,818 
        8  FEED PURCHASED                                 -12,636                                   -13,555 
        9     LIVESTOCK INCOME                       $     39,848                              $     22,469 
      
       10  CORN                                            43,697                                   179,148 
       11  GRAIN SORGHUM                                   15,748                                     9,681 
       12  SOYBEANS                                        50,981                                    30,503 
       13  SUNFLOWERS                                       2,408                                    10,242 
       14  WHEAT                                           51,363                                    47,996 
       15  HAY AND FORAGE                                   8,357                                    17,444 
       16  OTHER CROP                                       4,137                                    13,782 
       17  GOVERNMENT PAYMENTS                             45,923                                   101,813 
       18  CROP INSURANCE PROCEEDS                          6,299                                    14,651 
       19  OTHER INCOME                                    16,041                                    41,159 
       20     VALUE OF FARM PRODUCTION               $    284,802                              $    488,888 
      
       21  HIRED LABOR                                     11,535                                    19,493 
       22  MACHINERY REPAIRS                               22,213                                    28,369 
       23  IRRIGATION REPAIRS                                 699                                     8,409 
       24  BUILDING REPAIRS                                 1,493                                     1,849 
       25  INTEREST PAID                                   16,008                                    31,871 
       26  SEED-OTHER CROP EXPENSE                         23,268                                    41,515 
       27  CROP INSURANCE                                   6,534                                    12,628 
       28  FERTILIZER-LIME                                 36,315                                    54,030 
       29  MACHINE HIRE                                    11,700                                    32,181 
       30  ORGANIZATION FEE, PUBLICATION                    2,900                                     4,407 
       31  VET-MED-DRUGS                                    2,375                                     2,802 
       32  CROP STORAGE-MARKETING                           1,807                                     3,386 
       33  LIVESTOCK MARKETING-BREEDING                     1,756                                       902 
       34  DAIRY EXPENSE                                       63                                       495 
       35  GAS-FUEL-OIL                                    18,719                                    26,340 
       36  IRRIGATION ENERGY                                2,070                                    48,021 
       37  REAL ESTATE TAXES                                4,737                                     5,823 
       38  PERSONAL PROPERTY TAXES                            881                                       751 
       39  GENERAL FARM INSURANCE                           4,806                                     7,404 
       40  UTILITIES                                        3,974                                     4,468 
       41  CASH FARM RENT                                  16,478                                    27,539 
       42  HERBICIDE-INSECTICIDE                           18,783                                    35,571 
       43  CONSERVATION                                       581                                        80 
       44  AUTO EXPENSE                                       910                                     1,204 
       45     TOTAL OPERATING EXPENSE                $    210,604                              $    399,538 
      
       46  DEPRECIATION-MACHINERY                          23,691                                    36,589 
       47  DEPRECIATION-BUILDINGS                           2,190                                     2,645 
       48     TOTAL FARM EXPENSE                     $    236,486                              $    438,772 
      
       49     NET FARM INCOME                        $     48,316                              $     50,116 
      
       50  UNPAID FAMILY LABOR                              1,602                                     1,885 
       51  UNPAID OPERATOR LABOR                           26,611                                    22,804 
       52  MANAGEMENT CHARGE                               12,894                                    14,591 
       53  CURRENT ASSET CHARGE - 8%                       10,189                                    11,141 
       54  NONCURRENT ASSET CHARGE - 8%                    42,810                                    49,353 
       55  RETURN LABOR-MANAGEMENT                         -6,285                                   -12,263 
       56  RETURN TO CAPITAL                               23,218                                    42,707 
       57  ASSET TURNOVER RATIO                             .3010                                     .3872 
       58  OPERATING PROFIT MARGIN RATIO                    .0815                                     .0874 
       59  % RETURN ON ASSETS                               .0245                                     .0338 
       60  % RETURN ON EQUITY                               .0109                                     .0143 
       61  TOTAL EXPENSE RATIO                              .8304                                     .8975 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9747                                     .9778 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1608                                    1.1016 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          222,054               235,579             319,892               351,406    
       65  NONCURRENT ASSETS                       706,432               728,549             905,446               948,395    
       66  CURRENT LIABILITIES                      98,821               104,080             185,078               207,698    
       67  NONCURRENT LIABILITIES                  179,318               185,419             305,774               314,231    
       68  CURRENT RATIO                              2.25                  2.26                1.73                  1.69    
       69  DEBT TO ASSET RATIO                         .30                   .30                 .40                   .40    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                               CROP FARM                             CROP FARM IRRIGATED
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              31,638                                    18,919 
       71  MACHINERY AND EQUIPMENT                         72,147                                   147,307 
       72  MOTOR VEHICLES & LISTED PROPE                  123,212                                   145,123 
       73  BUILDINGS                                       22,045                                    26,627 
       74  OWNED LAND                                     483,991                                   551,196 
       75  TOTAL ASSETS                                   946,307                                 1,262,569 
       76  NET WORTH                                      662,488                                   756,179 
      
       LABOR
       77  NUMBER OF OPERATORS                                .98                                       .84 
       78  NUMBER OF WORKERS                                 1.38                                      1.56 
       79  TOTAL WORK DAYS                                    332                                       370 
       80  VALUE FARM PRODUCTION/WORKER                   205,954                                   312,686 
       81  NET FARM INCOME/WORKER                          34,940                                    32,054 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   960,141                                 1,494,882 
       83  VALUE OF FARM PRODUCTION                       288,966                                   578,844 
       84  NET FARM INCOME                                 49,022                                    59,338 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            6.07                                     58.85 
       86  % TILLABLE LAND                                  77.17                                     90.83 
       87  CROP MACH COST/TOT EXPENSE(%)                    32.82                                     28.27 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1882  1166    703  1000   1375  1085       1819    74    771    63   1410    61    
       89  NON-IRRIGATED CROP ACRES        1366  1165    474   975   1057  1068        849    71    348    61    697    56    
       90  IRRIGATED CROP ACRES             378   272    216   150    332   212        973    74    394    57    854    58    
       91  TOTAL CROP ACRES                1454  1165    506   976   1121  1070       1652    74    705    62   1288    61    
       92  PASTURE ACRES                    609   795    281   648    536   563        519    22    297    14    660    11    
       93  FARMSTEAD ACRES                   62   590     48   536     62   169         29    31     27    27     24     7    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1453          1368                        1652          1515  
       95  CROP MACHINERY INVESTMENT          178,657        122.98        130.56        276,375        167.25        182.44  
       96  CROP MACHINERY COST                 77,612         53.43         56.72        124,034         75.06         81.88  
       97  GROSS CROP VALUE                   288,459        198.57        210.80        520,478        314.98        343.59  
       98  CROP PRODUCTION COSTS              196,551        135.07        143.39        364,163        220.38        240.40  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           684    353    158    93.1   290    92.3     33    187    122    58.5   173    58.8  
      100  GRAIN SORGHUM                  686    282    128    74.7   239    71.3     23    163     89    65.6   161    67.1  
      101  SOYBEANS                       767    430    171    43.3   350    33.2      8    103     48    36.2    
      102  SUNFLOWERS                      93    179    132    14.0   155    19.3   
      103  WHEAT                          987    588    217    38.8   492    39.0     65    441    168    33.6   369    33.4  
      104  OTHER CROPS                     75    148    117           132     
      105  ALFALFA                        356    108     59     3.5   109     3.6      6     76                   55     3.8  
      106  OTHER HAY & FORAGE             574    130     69           116              5     46                   47    
      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                           195    247    149   166.7   220   176.4     64    610    261   188.2   573   195.4  
      111  GRAIN SORGHUM                   53    116     87   103.7   115   105.3     12    145    152    99.2   119    73.1  
      112  SOYBEANS                       169    171    112    49.6   163    51.5     41    235    134    57.6   220    56.0  
      113  SUNFLOWERS                      27    174    132    18.6   148    17.5     21    181    136    19.6   152    20.7  
      114  WHEAT                           82    157    144    43.8   133    46.2     40    252    169    44.8   229    45.9  
      115  OTHER CROPS                     11    115    102            91             12    258    186           217    
      116  ALFALFA                         32    124     78     5.6   143     4.3     14    231    124     5.5   175     5.2  
      117  OTHER HAY & FORAGE              41     87     96            51              8    142    171            70    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           25                                         7 
      122  DAIRY COWS   
      123  EWES                                                 1 
      124  SOWS                                                 1                                         4 
      125  BEEF PURCH. FOR RESALE SALES                        55                                        70 
      126  SWINE PURCH. FOR RESALE SALES                       11                                        20 
      127  TURKEYS                                            114 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                         STOCK-RANCH COW HERD                             COW HERD
                                                         37 FARMS                                  28 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           178,257                                    83,664 
        2  DAIRY AND MILK                                      20                                        89 
        3  SHEEP                                               29 
        4  SWINE                                                                                          5 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                    -81                                       523 
        7  CUSTOM FEEDING                                   3,711                                       317 
        8  FEED PURCHASED                                 -36,139                                   -19,771 
        9     LIVESTOCK INCOME                       $    145,797                              $     64,827 
      
       10  CORN                                             1,378                                       535 
       11  GRAIN SORGHUM                                      727                                       475 
       12  SOYBEANS                                         1,642                                     2,081 
       13  SUNFLOWERS   
       14  WHEAT                                            2,205                                     1,444 
       15  HAY AND FORAGE                                    -115                                    16,906 
       16  OTHER CROP                                         849                                       337 
       17  GOVERNMENT PAYMENTS                              5,505                                     3,485 
       18  CROP INSURANCE PROCEEDS                            156                                        22 
       19  OTHER INCOME                                     5,908                                    10,667 
       20     VALUE OF FARM PRODUCTION               $    164,052                              $    100,779 
      
       21  HIRED LABOR                                      5,339                                     1,229 
       22  MACHINERY REPAIRS                               12,445                                     6,497 
       23  IRRIGATION REPAIRS                                  21                                        23 
       24  BUILDING REPAIRS                                 2,476                                     1,294 
       25  INTEREST PAID                                   10,835                                     5,297 
       26  SEED-OTHER CROP EXPENSE                          2,464                                     1,486 
       27  CROP INSURANCE                                     293                                       205 
       28  FERTILIZER-LIME                                  6,122                                     2,376 
       29  MACHINE HIRE                                     5,397                                     3,836 
       30  ORGANIZATION FEE, PUBLICATION                    2,159                                     1,746 
       31  VET-MED-DRUGS                                    4,132                                     2,430 
       32  CROP STORAGE-MARKETING                              30                                       100 
       33  LIVESTOCK MARKETING-BREEDING                     6,242                                     3,250 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                     8,764                                     5,987 
       36  IRRIGATION ENERGY                                  201 
       37  REAL ESTATE TAXES                                4,883                                     2,791 
       38  PERSONAL PROPERTY TAXES                            519                                       350 
       39  GENERAL FARM INSURANCE                           2,686                                     2,364 
       40  UTILITIES                                        2,761                                     2,031 
       41  CASH FARM RENT                                  23,676                                    16,137 
       42  HERBICIDE-INSECTICIDE                            2,500                                       992 
       43  CONSERVATION                                       444                                        98 
       44  AUTO EXPENSE                                       521                                       659 
       45     TOTAL OPERATING EXPENSE                $    104,910                              $     61,180 
      
       46  DEPRECIATION-MACHINERY                          11,137                                     7,203 
       47  DEPRECIATION-BUILDINGS                           1,297                                       896 
       48     TOTAL FARM EXPENSE                     $    117,344                              $     69,278 
      
       49     NET FARM INCOME                        $     46,707                              $     31,501 
      
       50  UNPAID FAMILY LABOR                              2,068                                     1,045 
       51  UNPAID OPERATOR LABOR                           22,549                                    18,225 
       52  MANAGEMENT CHARGE                               12,280                                     7,597 
       53  CURRENT ASSET CHARGE - 8%                       17,355                                    11,844 
       54  NONCURRENT ASSET CHARGE - 8%                    51,342                                    21,903 
       55  RETURN LABOR-MANAGEMENT                        -24,058                                    -3,291 
       56  RETURN TO CAPITAL                               20,646                                     9,932 
       57  ASSET TURNOVER RATIO                             .1556                                     .1941 
       58  OPERATING PROFIT MARGIN RATIO                    .1258                                     .0985 
       59  % RETURN ON ASSETS                               .0196                                     .0191 
       60  % RETURN ON EQUITY                               .0114                                     .0110 
       61  TOTAL EXPENSE RATIO                              .7153                                     .6874 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9402                                     .9540 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.3590                                    1.2889 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          285,785               294,628             160,435               187,738    
       65  NONCURRENT ASSETS                       754,051               773,751             341,557               348,910    
       66  CURRENT LIABILITIES                      84,747                61,785              22,854                29,212    
       67  NONCURRENT LIABILITIES                  113,911               130,333              65,337                77,552    
       68  CURRENT RATIO                              3.37                  4.77                7.02                  6.43    
       69  DEBT TO ASSET RATIO                         .19                   .18                 .18                   .20    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                         STOCK-RANCH COW HERD                             COW HERD
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             146,867                                    92,329 
       71  MACHINERY AND EQUIPMENT                         32,150                                    17,262 
       72  MOTOR VEHICLES & LISTED PROPE                   56,153                                    39,909 
       73  BUILDINGS                                       13,343                                     9,221 
       74  OWNED LAND                                     660,146                                   277,279 
       75  TOTAL ASSETS                                 1,054,108                                   519,320 
       76  NET WORTH                                      858,720                                   421,842 
      
       LABOR
       77  NUMBER OF OPERATORS                                .83                                       .67 
       78  NUMBER OF WORKERS                                 1.07                                       .73 
       79  TOTAL WORK DAYS                                    213                                        96 
       80  VALUE FARM PRODUCTION/WORKER                   153,281                                   137,650 
       81  NET FARM INCOME/WORKER                          43,641                                    43,025 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,262,200                                   769,363 
       83  VALUE OF FARM PRODUCTION                       196,437                                   149,302 
       84  NET FARM INCOME                                 55,928                                    46,668 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            2.46 
       86  % TILLABLE LAND                                   5.79                                      6.13 
       87  CROP MACH COST/TOT EXPENSE(%)                    10.82                                     15.75 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2747    37   1248    36   1906    35        964    28    462    23    780    21    
       89  NON-IRRIGATED CROP ACRES         174    33     95    29    186    16        127    13     74    12    128     6    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 178    33    100    29    186    16        127    13     74    12    128     6    
       92  PASTURE ACRES                   2555    37   1138    36   1926    33        925    27    447    21    779    20    
       93  FARMSTEAD ACRES                   51    24     47    23                      34    11     39     9     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           159           144                          59            71  
       95  CROP MACHINERY INVESTMENT           26,970        169.50        186.98         25,676        434.14        363.70  
       96  CROP MACHINERY COST                 12,697         79.80         88.03         10,912        184.49        154.56  
       97  GROSS CROP VALUE                    21,789        125.84        138.81         14,493        157.53        131.97  
       98  CROP PRODUCTION COSTS               30,969        168.34        185.69         26,931        390.30        326.98  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN   
      100  GRAIN SORGHUM                    4     68                                   4     42 
      101  SOYBEANS                         6     99     56    30.5    94    31.8      7     69     44    26.7    65    21.2  
      102  SUNFLOWERS   
      103  WHEAT                            9    162     35    29.7   214    29.6      5     83     29    36.4    
      104  OTHER CROPS  
      105  ALFALFA                         10     41     41     2.6    33     2.4   
      106  OTHER HAY & FORAGE              29     79     67            75             11     63     55
      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     
      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                                          170                                       101 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                        22                                         3 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                                 DAIRY                              SOW & LITTER (MARKET)     
                                                         41 FARMS                                   6 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            -4,390                                    13,955 
        2  DAIRY AND MILK                                 420,009 
        3  SHEEP                                              309 
        4  SWINE                                               29                                 1,766,456 
        5  POULTRY AND EGGS                                    -3 
        6  OTHER LIVESTOCK                                    670 
        7  CUSTOM FEEDING                                      63 
        8  FEED PURCHASED                                -117,366                                  -499,799 
        9     LIVESTOCK INCOME                       $    299,321                              $  1,280,612 
      
       10  CORN                                               447                                   -19,425 
       11  GRAIN SORGHUM                                      692                                    11,649 
       12  SOYBEANS                                        14,838                                    84,957 
       13  SUNFLOWERS   
       14  WHEAT                                           10,796                                    17,636 
       15  HAY AND FORAGE                                     400                                     2,695 
       16  OTHER CROP                                         592                                     1,764 
       17  GOVERNMENT PAYMENTS                             16,105                                    74,072 
       18  CROP INSURANCE PROCEEDS                            719                                     6,566 
       19  OTHER INCOME                                     8,605                                    44,706 
       20     VALUE OF FARM PRODUCTION               $    352,514                              $  1,505,232 
      
       21  HIRED LABOR                                     41,090                                   220,741 
       22  MACHINERY REPAIRS                               25,847                                   131,024 
       23  IRRIGATION REPAIRS                                 203                                     5,594 
       24  BUILDING REPAIRS                                 3,826                                    55,168 
       25  INTEREST PAID                                   15,031                                    40,804 
       26  SEED-OTHER CROP EXPENSE                          8,302                                    42,741 
       27  CROP INSURANCE                                   1,324                                     9,105 
       28  FERTILIZER-LIME                                 15,591                                    50,127 
       29  MACHINE HIRE                                    10,990                                     9,846 
       30  ORGANIZATION FEE, PUBLICATION                    4,021                                    10,077 
       31  VET-MED-DRUGS                                   15,725                                    26,210 
       32  CROP STORAGE-MARKETING                             705                                     4,465 
       33  LIVESTOCK MARKETING-BREEDING                    12,055                                    39,446 
       34  DAIRY EXPENSE                                   37,855 
       35  GAS-FUEL-OIL                                    15,100                                    65,070 
       36  IRRIGATION ENERGY                                                                          4,553 
       37  REAL ESTATE TAXES                                4,140                                    16,624 
       38  PERSONAL PROPERTY TAXES                            430                                     5,610 
       39  GENERAL FARM INSURANCE                           6,050                                    26,886 
       40  UTILITIES                                       14,226                                    74,555 
       41  CASH FARM RENT                                  13,356                                    21,267 
       42  HERBICIDE-INSECTICIDE                            6,817                                    33,785 
       43  CONSERVATION                                       396                                     9,564 
       44  AUTO EXPENSE                                       555                                     1,648 
       45     TOTAL OPERATING EXPENSE                $    253,634                              $    904,910 
      
       46  DEPRECIATION-MACHINERY                          19,325                                    78,471 
       47  DEPRECIATION-BUILDINGS                           7,584                                    55,632 
       48     TOTAL FARM EXPENSE                     $    280,544                              $  1,039,012 
      
       49     NET FARM INCOME                        $     71,970                              $    466,220 
      
       50  UNPAID FAMILY LABOR                              3,183                                     7,125 
       51  UNPAID OPERATOR LABOR                           36,088                                    36,000 
       52  MANAGEMENT CHARGE                               17,823                                    96,172 
       53  CURRENT ASSET CHARGE - 8%                       20,129                                    87,976 
       54  NONCURRENT ASSET CHARGE - 8%                    32,560                                   138,563 
       55  RETURN LABOR-MANAGEMENT                         16,099                                   232,556 
       56  RETURN TO CAPITAL                               29,907                                   367,727 
       57  ASSET TURNOVER RATIO                             .3793                                     .4111 
       58  OPERATING PROFIT MARGIN RATIO                    .0848                                     .2443 
       59  % RETURN ON ASSETS                               .0322                                     .1004 
       60  % RETURN ON EQUITY                               .0226                                     .1154 
       61  TOTAL EXPENSE RATIO                              .7958                                     .6903 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9578                                     .7828 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1073                                     .9333 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          313,956               319,251           1,296,079             1,322,765    
       65  NONCURRENT ASSETS                       605,276               620,146           2,273,501             2,431,378    
       66  CURRENT LIABILITIES                      69,031                60,958             159,467               259,965    
       67  NONCURRENT LIABILITIES                  205,845               205,590             687,049               553,757    
       68  CURRENT RATIO                              4.55                  5.24                8.13                  5.09    
       69  DEBT TO ASSET RATIO                         .30                   .28                 .24                   .22    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                                 DAIRY                              SOW & LITTER (MARKET)     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             211,941                                   104,560 
       71  MACHINERY AND EQUIPMENT                         80,578                                   258,398 
       72  MOTOR VEHICLES & LISTED PROPE                   88,073                                   458,999 
       73  BUILDINGS                                       59,706                                   666,667 
       74  OWNED LAND                                     339,316                                   904,693 
       75  TOTAL ASSETS                                   929,315                                 3,661,862 
       76  NET WORTH                                      658,603                                 2,831,743 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.33                                      1.33 
       78  NUMBER OF WORKERS                                 3.07                                      8.06 
       79  TOTAL WORK DAYS                                    705                                     1,873 
       80  VALUE FARM PRODUCTION/WORKER                   114,616                                   186,599 
       81  NET FARM INCOME/WORKER                          23,400                                    57,796 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   695,291                                 2,746,396 
       83  VALUE OF FARM PRODUCTION                       263,742                                 1,128,924 
       84  NET FARM INCOME                                 53,846                                   349,665 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.25                                     17.45 
       86  % TILLABLE LAND                                  61.52                                     63.45 
       87  CROP MACH COST/TOT EXPENSE(%)                    15.68                                     14.36 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      750    41    386    31    536    35       2739     6   2287     5    834     6    
       89  NON-IRRIGATED CROP ACRES         481    38    246    29    360    31       1435     6    920     5    668     6    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 498    38    248    29    378    31       1738     6   1231     5    712     6    
       92  PASTURE ACRES                    281    38    163    24    242    28     
       93  FARMSTEAD ACRES                   44    26     39    22     47     6     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           461           496                        1738          1796  
       95  CROP MACHINERY INVESTMENT           86,610        187.83        174.52        447,534        257.47        249.16  
       96  CROP MACHINERY COST                 43,979         95.38         88.62        149,220         85.85         83.08  
       97  GROSS CROP VALUE                   116,815        234.80        218.16        387,596        222.99        215.79  
       98  CROP PRODUCTION COSTS               99,719        205.72        191.13        401,238        230.84        223.39  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            27    101     70    76.4    88    92.4      4   1216    615    97.4   602    99.3  
      100  GRAIN SORGHUM                   13     99     60    59.1   100    67.8   
      101  SOYBEANS                        20    154     80    36.9   113    33.2      4    571    333    30.9   239    25.5  
      102  SUNFLOWERS   
      103  WHEAT                           19    205     87    44.5   191    43.7      5    191                  141    41.7  
      104  OTHER CROPS                      5     25  
      105  ALFALFA                         25    101     57     4.2   110     3.9   
      106  OTHER HAY & FORAGE              37    163    117           103     
      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     
      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                                            1                                        15 
      122  DAIRY COWS                                         117 
      123  EWES                                                 3 
      124  SOWS                                                                                         536 
      125  BEEF PURCH. FOR RESALE SALES                         1 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                                TURKEY                                  BACKGROUNDING   
                                                         12 FARMS                                  20 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            18,979                                   280,886 
        2  DAIRY AND MILK                                      94 
        3  SHEEP  
        4  SWINE  
        5  POULTRY AND EGGS                               160,866 
        6  OTHER LIVESTOCK                                    -10                                    -2,408 
        7  CUSTOM FEEDING                                                                           208,778 
        8  FEED PURCHASED                                  -3,883                                  -146,892 
        9     LIVESTOCK INCOME                       $    176,045                              $    340,363 
      
       10  CORN                                               947                                     2,716 
       11  GRAIN SORGHUM                                                                                810 
       12  SOYBEANS                                         3,130                                     7,546 
       13  SUNFLOWERS   
       14  WHEAT                                              888                                     3,725 
       15  HAY AND FORAGE                                  -1,457                                     9,079 
       16  OTHER CROP                                         397                                       120 
       17  GOVERNMENT PAYMENTS                              1,888                                    10,761 
       18  CROP INSURANCE PROCEEDS                            447                                       336 
       19  OTHER INCOME                                    17,431                                     9,616 
       20     VALUE OF FARM PRODUCTION               $    199,717                              $    385,072 
      
       21  HIRED LABOR                                     17,247                                    18,807 
       22  MACHINERY REPAIRS                               13,895                                    14,427 
       23  IRRIGATION REPAIRS                                                                           660 
       24  BUILDING REPAIRS                                   675                                     3,212 
       25  INTEREST PAID                                   20,193                                    41,043 
       26  SEED-OTHER CROP EXPENSE                            529                                     5,407 
       27  CROP INSURANCE                                     409                                     1,152 
       28  FERTILIZER-LIME                                  1,788                                    10,116 
       29  MACHINE HIRE                                     1,977                                    13,902 
       30  ORGANIZATION FEE, PUBLICATION                    2,173                                     3,492 
       31  VET-MED-DRUGS                                      953                                    37,987 
       32  CROP STORAGE-MARKETING                                                                       700 
       33  LIVESTOCK MARKETING-BREEDING                     2,273                                    27,345 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                     6,257                                    11,835 
       36  IRRIGATION ENERGY                                    8                                     1,598 
       37  REAL ESTATE TAXES                                5,193                                     4,476 
       38  PERSONAL PROPERTY TAXES                            382                                       766 
       39  GENERAL FARM INSURANCE                           6,396                                     3,743 
       40  UTILITIES                                       40,088                                     3,865 
       41  CASH FARM RENT                                   1,454                                    79,321 
       42  HERBICIDE-INSECTICIDE                              819                                     7,744 
       43  CONSERVATION                                                                                 206 
       44  AUTO EXPENSE                                     2,200                                     1,054 
       45     TOTAL OPERATING EXPENSE                $    124,911                              $    292,857 
      
       46  DEPRECIATION-MACHINERY                          14,158                                    15,600 
       47  DEPRECIATION-BUILDINGS                          14,542                                     2,823 
       48     TOTAL FARM EXPENSE                     $    153,611                              $    311,280 
      
       49     NET FARM INCOME                        $     46,106                              $     73,792 
      
       50  UNPAID FAMILY LABOR                              3,188                                     2,925 
       51  UNPAID OPERATOR LABOR                           25,875                                    22,815 
       52  MANAGEMENT CHARGE                               10,259                                    18,721 
       53  CURRENT ASSET CHARGE - 8%                        3,265                                    11,972 
       54  NONCURRENT ASSET CHARGE - 8%                     6,786                                    61,901 
       55  RETURN LABOR-MANAGEMENT                         32,868                                    -3,007 
       56  RETURN TO CAPITAL                               26,977                                    70,374 
       57  ASSET TURNOVER RATIO                             .4503                                     .2422 
       58  OPERATING PROFIT MARGIN RATIO                    .1351                                     .1828 
       59  % RETURN ON ASSETS                               .0608                                     .0443 
       60  % RETURN ON EQUITY                               .0540                                     .0318 
       61  TOTAL EXPENSE RATIO                              .7691                                     .8084 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9660                                     .9238 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0164                                    1.1157 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                           48,123                51,652             514,194               576,686    
       65  NONCURRENT ASSETS                       402,355               384,991           1,042,555             1,045,953    
       66  CURRENT LIABILITIES                      10,083                 8,058             386,334               405,242    
       67  NONCURRENT LIABILITIES                  324,596               293,102             272,733               268,237    
       68  CURRENT RATIO                              4.77                  6.41                1.33                  1.42    
       69  DEBT TO ASSET RATIO                         .74                   .69                 .42                   .42    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                                TURKEY                                  BACKGROUNDING   
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              20,879                                    20,028 
       71  MACHINERY AND EQUIPMENT                         53,389                                    44,155 
       72  MOTOR VEHICLES & LISTED PROPE                   51,260                                    67,868 
       73  BUILDINGS                                      138,341                                    28,136 
       74  OWNED LAND                                     150,333                                   902,222 
       75  TOTAL ASSETS                                   443,560                                 1,589,694 
       76  NET WORTH                                      125,640                                   923,421 
      
       LABOR
       77  NUMBER OF OPERATORS                                .95                                       .84 
       78  NUMBER OF WORKERS                                 1.77                                      1.60 
       79  TOTAL WORK DAYS                                    322                                       655 
       80  VALUE FARM PRODUCTION/WORKER                   112,517                                   240,670 
       81  NET FARM INCOME/WORKER                          25,975                                    46,120 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   462,845                                 1,881,295 
       83  VALUE OF FARM PRODUCTION                       208,401                                   455,707 
       84  NET FARM INCOME                                 48,111                                    87,328 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                                                                     13.70 
       86  % TILLABLE LAND                                  36.32                                      9.76 
       87  CROP MACH COST/TOT EXPENSE(%)                     3.31                                      3.14 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      142    12     99    12    105     5       3143    20   2034    17   2252    17    
       89  NON-IRRIGATED CROP ACRES          69     9     53     9                     481    11    171     9    536     7    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                  69     9     53     9                     558    11    212     9    604     7    
       92  PASTURE ACRES                    119     9     76     9                    3469    19   2283    14   2263    15    
       93  FARMSTEAD ACRES                                                              74    11     72    10     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                            52            56                         307           253  
       95  CROP MACHINERY INVESTMENT           10,331        199.95        185.78         30,439         99.20        120.18  
       96  CROP MACHINERY COST                  5,091         98.53         91.54          9,779         31.87         38.61  
       97  GROSS CROP VALUE                    11,937        173.28        161.00         90,264        176.50        213.82  
       98  CROP PRODUCTION COSTS               12,123        234.63        218.00         62,378        121.97        147.77  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN   
      100  GRAIN SORGHUM
      101  SOYBEANS                                                                    4    189 
      102  SUNFLOWERS   
      103  WHEAT  
      104  OTHER CROPS  
      105  ALFALFA
      106  OTHER HAY & FORAGE               8     39     39                            8    148     68           155    
      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     
      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                                           36                                        29 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                                                                 736 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS                                         94,347 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                        BACKGROUNDING-FINISHING                        CROP - COW HERD  
                                                          7 FARMS                                 157 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                         1,111,465                                   117,687 
        2  DAIRY AND MILK                                                                                78 
        3  SHEEP  
        4  SWINE                                                                                        317 
        5  POULTRY AND EGGS                                                                              -1 
        6  OTHER LIVESTOCK                                   -423                                       248 
        7  CUSTOM FEEDING                                     283                                     1,396 
        8  FEED PURCHASED                                -736,374                                   -14,816 
        9     LIVESTOCK INCOME                       $    374,951                              $    104,908 
      
       10  CORN                                             1,685                                     7,453 
       11  GRAIN SORGHUM                                      349                                     5,557 
       12  SOYBEANS                                         4,048                                    16,394 
       13  SUNFLOWERS                                                                                   455 
       14  WHEAT                                            4,066                                    19,037 
       15  HAY AND FORAGE                                  16,176                                     5,484 
       16  OTHER CROP                                         574                                     1,802 
       17  GOVERNMENT PAYMENTS                             13,532                                    20,279 
       18  CROP INSURANCE PROCEEDS                            741                                     2,630 
       19  OTHER INCOME                                     8,252                                     6,502 
       20     VALUE OF FARM PRODUCTION               $    424,375                              $    190,502 
      
       21  HIRED LABOR                                     20,822                                     7,070 
       22  MACHINERY REPAIRS                               14,489                                    15,232 
       23  IRRIGATION REPAIRS                                  74                                       117 
       24  BUILDING REPAIRS                                 1,363                                     1,523 
       25  INTEREST PAID                                   47,211                                    11,713 
       26  SEED-OTHER CROP EXPENSE                        -40,121                                     8,080 
       27  CROP INSURANCE                                     562                                     1,982 
       28  FERTILIZER-LIME                                 16,053                                    16,463 
       29  MACHINE HIRE                                    23,692                                     6,207 
       30  ORGANIZATION FEE, PUBLICATION                    4,984                                     2,155 
       31  VET-MED-DRUGS                                   25,813                                     3,634 
       32  CROP STORAGE-MARKETING                              26                                     1,004 
       33  LIVESTOCK MARKETING-BREEDING                    13,324                                     2,735 
       34  DAIRY EXPENSE                                                                                  2 
       35  GAS-FUEL-OIL                                    11,575                                    12,097 
       36  IRRIGATION ENERGY                                  538                                       484 
       37  REAL ESTATE TAXES                                6,833                                     4,416 
       38  PERSONAL PROPERTY TAXES                          1,103                                       528 
       39  GENERAL FARM INSURANCE                           5,300                                     3,903 
       40  UTILITIES                                        4,828                                     3,138 
       41  CASH FARM RENT                                  24,404                                    19,248 
       42  HERBICIDE-INSECTICIDE                            5,944                                     6,901 
       43  CONSERVATION                                       163                                       366 
       44  AUTO EXPENSE                                       964                                       990 
       45     TOTAL OPERATING EXPENSE                $    189,942                              $    129,989 
      
       46  DEPRECIATION-MACHINERY                          27,122                                    14,473 
       47  DEPRECIATION-BUILDINGS                           1,009                                     1,456 
       48     TOTAL FARM EXPENSE                     $    218,073                              $    145,918 
      
       49     NET FARM INCOME                        $    206,301                              $     44,584 
      
       50  UNPAID FAMILY LABOR                                964                                     1,218 
       51  UNPAID OPERATOR LABOR                           27,000                                    25,676 
       52  MANAGEMENT CHARGE                               48,215                                    11,766 
       53  CURRENT ASSET CHARGE - 8%                       80,307                                    17,204 
       54  NONCURRENT ASSET CHARGE - 8%                    83,299                                    42,236 
       55  RETURN LABOR-MANAGEMENT                         41,730                                   -16,074 
       56  RETURN TO CAPITAL                              177,333                                    17,638 
       57  ASSET TURNOVER RATIO                             .1249                                     .2031 
       58  OPERATING PROFIT MARGIN RATIO                    .4179                                     .0926 
       59  % RETURN ON ASSETS                               .0522                                     .0188 
       60  % RETURN ON EQUITY                               .0636                                     .0080 
       61  TOTAL EXPENSE RATIO                              .5139                                     .7660 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .6934                                     .9689 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0789                                    1.2809 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                        2,184,285             2,444,268             267,588               290,883    
       65  NONCURRENT ASSETS                     1,079,334             1,089,614             644,107               672,966    
       66  CURRENT LIABILITIES                   1,246,030             1,374,836              62,868                65,515    
       67  NONCURRENT LIABILITIES                   47,259                39,211             123,095               138,069    
       68  CURRENT RATIO                              1.75                  1.78                4.26                  4.44    
       69  DEBT TO ASSET RATIO                         .40                   .40                 .20                   .21    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                        BACKGROUNDING-FINISHING                        CROP - COW HERD  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              11,546                                   119,021 
       71  MACHINERY AND EQUIPMENT                         60,947                                    45,569 
       72  MOTOR VEHICLES & LISTED PROPE                  115,915                                    73,545 
       73  BUILDINGS                                        9,775                                    14,662 
       74  OWNED LAND                                     823,589                                   517,443 
       75  TOTAL ASSETS                                 3,398,750                                   937,772 
       76  NET WORTH                                    2,045,082                                   742,999 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.00                                       .95 
       78  NUMBER OF WORKERS                                 1.98                                      1.25 
       79  TOTAL WORK DAYS                                    511                                       255 
       80  VALUE FARM PRODUCTION/WORKER                   213,714                                   151,437 
       81  NET FARM INCOME/WORKER                         103,893                                    35,442 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 3,398,750                                   986,137 
       83  VALUE OF FARM PRODUCTION                       424,375                                   200,327 
       84  NET FARM INCOME                                206,301                                    46,884 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            6.62                                      2.15 
       86  % TILLABLE LAND                                   8.46                                     31.28 
       87  CROP MACH COST/TOT EXPENSE(%)                    12.25                                     26.67 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     3827     7   1144     7   3755     5       2181   157    826   146   1529   145    
       89  NON-IRRIGATED CROP ACRES         353     6    229     6                     667   157    296   136    493   131    
       90  IRRIGATED CROP ACRES                                                        153    15    117    11    113     9    
       91  TOTAL CROP ACRES                 378     6    254     6                     682   157    305   136    501   131    
       92  PASTURE ACRES                   4827     5   1220     5   3607     5       1516   152    560   135   1148   135    
       93  FARMSTEAD ACRES                   65     6     65     6                      59    80     51    71     58    20    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           324           360                         682           602  
       95  CROP MACHINERY INVESTMENT           45,228        139.78        125.60         87,191        127.82        144.86  
       96  CROP MACHINERY COST                 26,711         82.55         74.18         38,914         57.05         64.65  
       97  GROSS CROP VALUE                    65,618        173.82        156.20        104,789        153.62        174.10  
       98  CROP PRODUCTION COSTS               58,246        154.29        138.65         87,383        127.29        144.26  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                                                                       75    140     79    89.1   133    85.7  
      100  GRAIN SORGHUM                                                              85    132     70    69.1   120    70.6  
      101  SOYBEANS                                                                   90    166     89    33.9   125    34.8  
      102  SUNFLOWERS   
      103  WHEAT                                                                     108    282    136    34.5   241    34.6  
      104  OTHER CROPS                                                                28     62     56            43    
      105  ALFALFA                                                                    76     71     45     3.8    62     3.6  
      106  OTHER HAY & FORAGE               5    305    231                          131    136     85           118    
      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     73 
      111  GRAIN SORGHUM                                                               9     50     41    93.9    33   110.2  
      112  SOYBEANS                                                                    5     33 
      113  SUNFLOWERS   
      114  WHEAT  
      115  OTHER CROPS  
      116  ALFALFA                                                                     5     34     39     4.1    
      117  OTHER HAY & FORAGE                                                          5    102                   35    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           16                                       131 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                     2,776                                        16 
      126  SWINE PURCH. FOR RESALE SALES                                                                  1 
      127  TURKEYS
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                             CROP - DAIRY                       CROP - SOW & LITTER (MARKET)  
                                                         13 FARMS                                   7 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            12,013                                    93,201 
        2  DAIRY AND MILK                                 332,238 
        3  SHEEP                                                                                    -23,630 
        4  SWINE                                                                                    589,290 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                 -1,344                                        -2 
        7  CUSTOM FEEDING                                                                               427 
        8  FEED PURCHASED                                 -69,373                                  -189,578 
        9     LIVESTOCK INCOME                       $    273,533                              $    469,708 
      
       10  CORN                                            25,222                                    19,091 
       11  GRAIN SORGHUM                                   20,671                                    -1,744 
       12  SOYBEANS                                        50,603                                    86,481 
       13  SUNFLOWERS                                          94 
       14  WHEAT                                           44,524                                    14,122 
       15  HAY AND FORAGE                                  13,357                                     4,768 
       16  OTHER CROP                                      25,054                                       225 
       17  GOVERNMENT PAYMENTS                             45,424                                    42,939 
       18  CROP INSURANCE PROCEEDS                          3,789                                       542 
       19  OTHER INCOME                                    19,619                                    14,702 
       20     VALUE OF FARM PRODUCTION               $    521,891                              $    650,834 
      
       21  HIRED LABOR                                     36,056                                    38,895 
       22  MACHINERY REPAIRS                               41,257                                    28,840 
       23  IRRIGATION REPAIRS                                 576 
       24  BUILDING REPAIRS                                 2,608                                     5,210 
       25  INTEREST PAID                                   25,847                                     6,141 
       26  SEED-OTHER CROP EXPENSE                         21,761                                    34,354 
       27  CROP INSURANCE                                   4,535                                     1,717 
       28  FERTILIZER-LIME                                 41,404                                    41,448 
       29  MACHINE HIRE                                    17,427                                    10,974 
       30  ORGANIZATION FEE, PUBLICATION                    3,997                                     4,939 
       31  VET-MED-DRUGS                                   10,303                                     7,822 
       32  CROP STORAGE-MARKETING                           1,324                                     1,006 
       33  LIVESTOCK MARKETING-BREEDING                     6,246                                    15,953 
       34  DAIRY EXPENSE                                   31,221 
       35  GAS-FUEL-OIL                                    24,963                                    26,929 
       36  IRRIGATION ENERGY                                  402 
       37  REAL ESTATE TAXES                                6,164                                     9,760 
       38  PERSONAL PROPERTY TAXES                          1,600                                       956 
       39  GENERAL FARM INSURANCE                           6,065                                     7,829 
       40  UTILITIES                                       14,676                                    17,634 
       41  CASH FARM RENT                                  29,255                                    13,719 
       42  HERBICIDE-INSECTICIDE                           15,954                                    22,354 
       43  CONSERVATION                                       133                                       880 
       44  AUTO EXPENSE                                     1,967                                       310 
       45     TOTAL OPERATING EXPENSE                $    345,742                              $    297,671 
      
       46  DEPRECIATION-MACHINERY                          36,357                                    39,262 
       47  DEPRECIATION-BUILDINGS                           7,073                                    18,820 
       48     TOTAL FARM EXPENSE                     $    389,172                              $    355,754 
      
       49     NET FARM INCOME                        $    132,719                              $    295,080 
      
       50  UNPAID FAMILY LABOR                              1,212                                     5,464 
       51  UNPAID OPERATOR LABOR                           49,223                                    42,429 
       52  MANAGEMENT CHARGE                               30,041                                    57,534 
       53  CURRENT ASSET CHARGE - 8%                       27,270                                    61,327 
       54  NONCURRENT ASSET CHARGE - 8%                    66,929                                   102,162 
       55  RETURN LABOR-MANAGEMENT                         37,308                                   126,127 
       56  RETURN TO CAPITAL                               78,090                                   195,794 
       57  ASSET TURNOVER RATIO                             .3346                                     .2965 
       58  OPERATING PROFIT MARGIN RATIO                    .1496                                     .3008 
       59  % RETURN ON ASSETS                               .0501                                     .0892 
       60  % RETURN ON EQUITY                               .0444                                     .0928 
       61  TOTAL EXPENSE RATIO                              .7457                                     .5466 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8999                                     .7086 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0804                                     .9598 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          381,147               472,716             748,486               912,059    
       65  NONCURRENT ASSETS                     1,129,081             1,136,314           1,340,805             1,388,203    
       66  CURRENT LIABILITIES                      71,027               101,084              53,110                74,254    
       67  NONCURRENT LIABILITIES                  281,827               310,339              77,527                97,435    
       68  CURRENT RATIO                              5.37                  4.68               14.09                 12.28    
       69  DEBT TO ASSET RATIO                         .23                   .26                 .06                   .07    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                             CROP - DAIRY                       CROP - SOW & LITTER (MARKET)  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             198,705                                    69,627 
       71  MACHINERY AND EQUIPMENT                        138,122                                   111,237 
       72  MOTOR VEHICLES & LISTED PROPE                  170,366                                   190,333 
       73  BUILDINGS                                       73,968                                   174,984 
       74  OWNED LAND                                     712,815                                   743,568 
       75  TOTAL ASSETS                                 1,559,629                                 2,194,777 
       76  NET WORTH                                    1,177,491                                 2,043,613 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.82                                      1.57 
       78  NUMBER OF WORKERS                                 3.11                                      3.25 
       79  TOTAL WORK DAYS                                    814                                       854 
       80  VALUE FARM PRODUCTION/WORKER                   167,520                                   199,818 
       81  NET FARM INCOME/WORKER                          42,601                                    90,595 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   855,493                                 1,396,676 
       83  VALUE OF FARM PRODUCTION                       286,269                                   414,167 
       84  NET FARM INCOME                                 72,799                                   187,778 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            5.55 
       86  % TILLABLE LAND                                  83.99                                     65.60 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.16                                     22.32 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1670    13   1007     8   1051    13       1919     7   1046     6   1193     6    
       89  NON-IRRIGATED CROP ACRES        1325    13    799     8    833    13       1259     7    589     6    880     6    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                1403    13    801     8    910    13       1259     7    589     6    880     6    
       92  PASTURE ACRES                    245    11    178     6    181     9        829     5    453     5     
       93  FARMSTEAD ACRES                  129     6    116     5                      95     5     95     5     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1403          1430                        1259          1348  
       95  CROP MACHINERY INVESTMENT          250,815        178.77        175.36        203,119        161.37        150.71  
       96  CROP MACHINERY COST                105,697         75.34         73.90         79,394         63.08         58.91  
       97  GROSS CROP VALUE                   312,134        222.48        218.23        285,935        227.16        212.15  
       98  CROP PRODUCTION COSTS              224,146        159.76        156.71        218,172        173.33        161.87  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             9    272    381    97.4   102    98.3      5    847    304    89.5   605    90.4  
      100  GRAIN SORGHUM                    8    271                  266    70.7   
      101  SOYBEANS                         9    424                  193    33.2      7    463    394    36.0   254    33.2  
      102  SUNFLOWERS   
      103  WHEAT                           12    403    279    42.0   312    42.5      4    256                  196    38.3  
      104  OTHER CROPS                      5    186                  230     
      105  ALFALFA                         12    113     82     4.4   106     4.0   
      106  OTHER HAY & FORAGE              11    178    117           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   
      111  GRAIN SORGHUM
      112  SOYBEANS     
      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                                           13                                         2 
      122  DAIRY COWS                                          90 
      123  EWES   
      124  SOWS                                                                                         264 
      125  BEEF PURCH. FOR RESALE SALES                         2                                       103 
      126  SWINE PURCH. FOR RESALE SALES  
      127  TURKEYS
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                           CROP - LIVESTOCK                         CROP - BACKGROUNDING
                                                         38 FARMS                                  34 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           174,180                                   224,669 
        2  DAIRY AND MILK                                  23,534                                     1,955 
        3  SHEEP                                              416                                        18 
        4  SWINE                                           35,585 
        5  POULTRY AND EGGS                                 9,549 
        6  OTHER LIVESTOCK                                  4,826                                    -2,527 
        7  CUSTOM FEEDING                                  10,992                                    19,449 
        8  FEED PURCHASED                                 -58,313                                   -61,468 
        9     LIVESTOCK INCOME                       $    200,769                              $    182,097 
      
       10  CORN                                             9,752                                     7,323 
       11  GRAIN SORGHUM                                    2,978                                     4,443 
       12  SOYBEANS                                        34,335                                    15,109 
       13  SUNFLOWERS                                          71 
       14  WHEAT                                           13,334                                    18,546 
       15  HAY AND FORAGE                                   2,791                                     7,871 
       16  OTHER CROP                                      13,707                                     1,436 
       17  GOVERNMENT PAYMENTS                             22,885                                    26,477 
       18  CROP INSURANCE PROCEEDS                          1,420                                     3,993 
       19  OTHER INCOME                                    13,634                                     9,990 
       20     VALUE OF FARM PRODUCTION               $    315,675                              $    277,284 
      
       21  HIRED LABOR                                     15,308                                     7,445 
       22  MACHINERY REPAIRS                               19,987                                    21,019 
       23  IRRIGATION REPAIRS                                 412                                       721 
       24  BUILDING REPAIRS                                 2,827                                     2,653 
       25  INTEREST PAID                                   14,069                                    24,179 
       26  SEED-OTHER CROP EXPENSE                         16,808                                    11,675 
       27  CROP INSURANCE                                   2,093                                     2,513 
       28  FERTILIZER-LIME                                 23,371                                    20,563 
       29  MACHINE HIRE                                     6,667                                    14,320 
       30  ORGANIZATION FEE, PUBLICATION                    2,474                                     3,204 
       31  VET-MED-DRUGS                                    9,190                                    12,710 
       32  CROP STORAGE-MARKETING                             681                                       946 
       33  LIVESTOCK MARKETING-BREEDING                     9,292                                     6,653 
       34  DAIRY EXPENSE                                      918 
       35  GAS-FUEL-OIL                                    15,013                                    13,063 
       36  IRRIGATION ENERGY                                  658                                     3,223 
       37  REAL ESTATE TAXES                                4,136                                     6,233 
       38  PERSONAL PROPERTY TAXES                            946                                       509 
       39  GENERAL FARM INSURANCE                           4,658                                     4,955 
       40  UTILITIES                                        8,124                                     3,994 
       41  CASH FARM RENT                                  27,693                                    15,311 
       42  HERBICIDE-INSECTICIDE                            8,304                                     9,536 
       43  CONSERVATION                                       680                                        25 
       44  AUTO EXPENSE                                     1,170                                       982 
       45     TOTAL OPERATING EXPENSE                $    195,479                              $    186,431 
      
       46  DEPRECIATION-MACHINERY                          21,004                                    17,458 
       47  DEPRECIATION-BUILDINGS                           3,598                                     2,867 
       48     TOTAL FARM EXPENSE                     $    220,082                              $    206,757 
      
       49     NET FARM INCOME                        $     95,594                              $     70,528 
      
       50  UNPAID FAMILY LABOR                              3,375                                       596 
       51  UNPAID OPERATOR LABOR                           31,761                                    24,379 
       52  MANAGEMENT CHARGE                               21,516                                    16,561 
       53  CURRENT ASSET CHARGE - 8%                       21,882                                    19,867 
       54  NONCURRENT ASSET CHARGE - 8%                    41,835                                    48,757 
       55  RETURN LABOR-MANAGEMENT                         28,501                                     1,308 
       56  RETURN TO CAPITAL                               53,012                                    53,171 
       57  ASSET TURNOVER RATIO                             .2949                                     .2142 
       58  OPERATING PROFIT MARGIN RATIO                    .1679                                     .1918 
       59  % RETURN ON ASSETS                               .0495                                     .0411 
       60  % RETURN ON EQUITY                               .0489                                     .0338 
       61  TOTAL EXPENSE RATIO                              .6972                                     .7456 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8766                                     .8954 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0785                                    1.1429 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          394,868               422,294             464,240               505,672    
       65  NONCURRENT ASSETS                       647,727               675,831             781,490               838,206    
       66  CURRENT LIABILITIES                     137,783               132,319             229,888               243,344    
       67  NONCURRENT LIABILITIES                  136,072               141,611             187,363               213,407    
       68  CURRENT RATIO                              2.87                  3.19                2.02                  2.08    
       69  DEBT TO ASSET RATIO                         .26                   .25                 .33                   .34    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                           CROP - LIVESTOCK                         CROP - BACKGROUNDING
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             113,698                                    27,053 
       71  MACHINERY AND EQUIPMENT                         55,478                                    55,167 
       72  MOTOR VEHICLES & LISTED PROPE                  107,352                                    88,159 
       73  BUILDINGS                                       31,855                                    27,859 
       74  OWNED LAND                                     456,221                                   623,547 
       75  TOTAL ASSETS                                 1,070,360                                 1,294,804 
       76  NET WORTH                                      796,468                                   857,803 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.17                                       .90 
       78  NUMBER OF WORKERS                                 1.79                                      1.15 
       79  TOTAL WORK DAYS                                    407                                       294 
       80  VALUE FARM PRODUCTION/WORKER                   175,632                                   239,281 
       81  NET FARM INCOME/WORKER                          53,185                                    60,862 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   909,926                                 1,433,985 
       83  VALUE OF FARM PRODUCTION                       268,359                                   307,090 
       84  NET FARM INCOME                                 81,265                                    78,109 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            4.48                                      5.87 
       86  % TILLABLE LAND                                  30.80                                     35.17 
       87  CROP MACH COST/TOT EXPENSE(%)                    20.51                                     19.85 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2162    38    820    30   1931    35       1980    34   1157    32   1044    29    
       89  NON-IRRIGATED CROP ACRES         691    35    293    26    592    28        655    34    377    30    439    25    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                 723    35    297    26    628    28        696    34    397    30    453    26    
       92  PASTURE ACRES                   1639    34    568    28   1718    29       1335    31    849    27    738    25    
       93  FARMSTEAD ACRES                   67    17     61    16                     114    20    116    19     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           666           706                         696           659  
       95  CROP MACHINERY INVESTMENT           97,290        146.07        137.76         93,970        134.95        142.56  
       96  CROP MACHINERY COST                 45,140         67.77         63.92         41,033         58.93         62.25  
       97  GROSS CROP VALUE                   143,800        198.85        187.54        138,873        199.43        210.69  
       98  CROP PRODUCTION COSTS              115,269        163.95        154.63        101,245        145.39        153.60  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            18    232    137    91.0   191    96.1     18    122     96   101.9    79    87.4  
      100  GRAIN SORGHUM                   10    254    135    76.2   251    69.1     13    192    145    74.8   133    75.5  
      101  SOYBEANS                        19    416    197    36.3   326    32.3     14    237    137    39.3   163    31.7  
      102  SUNFLOWERS   
      103  WHEAT                           17    297    100    37.6   263    36.6     20    316    202    41.2   269    37.8  
      104  OTHER CROPS  
      105  ALFALFA                         11     78                   78     4.1     12     99     66     4.9   109     3.0  
      106  OTHER HAY & FORAGE              30    161    102           140             28    177    133           128    
      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     
      113  SUNFLOWERS   
      114  WHEAT  
      115  OTHER CROPS  
      116  ALFALFA
      117  OTHER HAY & FORAGE                                                          4    151 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                          114                                         5 
      122  DAIRY COWS                                           8 
      123  EWES   
      124  SOWS                                                23 
      125  BEEF PURCH. FOR RESALE SALES                       341                                       660 
      126  SWINE PURCH. FOR RESALE SALES                       97 
      127  TURKEYS                                          4,942 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY FARM TYPE                     CROP-BACKGROUNDING-FINISHING                        CROP - BEEF    
                                                          8 FARMS                                  43 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           549,916                                   274,187 
        2  DAIRY AND MILK                                                                             3,610 
        3  SHEEP  
        4  SWINE                                           11,408                                     5,900 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -368                                    -6,536 
        7  CUSTOM FEEDING                                                                             2,385 
        8  FEED PURCHASED                                -155,687                                  -117,323 
        9     LIVESTOCK INCOME                       $    405,269                              $    162,223 
      
       10  CORN                                             1,903                                    40,118 
       11  GRAIN SORGHUM                                  -13,127                                     3,661 
       12  SOYBEANS                                        83,321                                    38,668 
       13  SUNFLOWERS                                                                                   392 
       14  WHEAT                                           10,975                                    21,825 
       15  HAY AND FORAGE                                   7,858                                    11,971 
       16  OTHER CROP                                         412                                     1,275 
       17  GOVERNMENT PAYMENTS                             44,129                                    32,337 
       18  CROP INSURANCE PROCEEDS                          3,156                                     6,693 
       19  OTHER INCOME                                    10,231                                     8,408 
       20     VALUE OF FARM PRODUCTION               $    554,128                              $    327,571 
      
       21  HIRED LABOR                                     13,958                                     3,949 
       22  MACHINERY REPAIRS                               29,124                                    19,859 
       23  IRRIGATION REPAIRS                                                                           109 
       24  BUILDING REPAIRS                                 3,493                                     2,392 
       25  INTEREST PAID                                   36,532                                    29,167 
       26  SEED-OTHER CROP EXPENSE                         27,790                                    22,090 
       27  CROP INSURANCE                                   5,031                                     4,957 
       28  FERTILIZER-LIME                                 52,024                                    33,739 
       29  MACHINE HIRE                                    13,971                                    10,476 
       30  ORGANIZATION FEE, PUBLICATION                    2,654                                     2,280 
       31  VET-MED-DRUGS                                   28,080                                     6,011 
       32  CROP STORAGE-MARKETING                             895                                       921 
       33  LIVESTOCK MARKETING-BREEDING                    12,649                                     6,071 
       34  DAIRY EXPENSE
       35  GAS-FUEL-OIL                                    22,534                                    16,980 
       36  IRRIGATION ENERGY  
       37  REAL ESTATE TAXES                                8,870                                     5,701 
       38  PERSONAL PROPERTY TAXES                          1,199                                       543 
       39  GENERAL FARM INSURANCE                           5,531                                     5,779 
       40  UTILITIES                                        4,906                                     3,902 
       41  CASH FARM RENT                                  28,238                                    22,189 
       42  HERBICIDE-INSECTICIDE                           19,075                                    11,201 
       43  CONSERVATION                                     3,856                                       521 
       44  AUTO EXPENSE                                       696                                       506 
       45     TOTAL OPERATING EXPENSE                $    321,102                              $    209,342 
      
       46  DEPRECIATION-MACHINERY                          38,962                                    25,733 
       47  DEPRECIATION-BUILDINGS                           4,690                                     2,709 
       48     TOTAL FARM EXPENSE                     $    364,754                              $    237,785 
      
       49     NET FARM INCOME                        $    189,374                              $     89,786 
      
       50  UNPAID FAMILY LABOR                              9,000                                       890 
       51  UNPAID OPERATOR LABOR                           33,750                                    26,749 
       52  MANAGEMENT CHARGE                               41,941                                    20,428 
       53  CURRENT ASSET CHARGE - 8%                       45,678                                    20,684 
       54  NONCURRENT ASSET CHARGE - 8%                   116,349                                    45,377 
       55  RETURN LABOR-MANAGEMENT                         18,347                                    22,835 
       56  RETURN TO CAPITAL                              141,215                                    70,887 
       57  ASSET TURNOVER RATIO                             .1903                                     .2271 
       58  OPERATING PROFIT MARGIN RATIO                    .2548                                     .2164 
       59  % RETURN ON ASSETS                               .0485                                     .0491 
       60  % RETURN ON EQUITY                               .0517                                     .0505 
       61  TOTAL EXPENSE RATIO                              .6582                                     .7259 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8111                                     .8726 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1035                                    1.0743 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                        1,267,609             1,418,071             544,491               573,465    
       65  NONCURRENT ASSETS                     1,540,576             1,596,155             863,025               903,967    
       66  CURRENT LIABILITIES                     722,075               821,657             299,542               301,306    
       67  NONCURRENT LIABILITIES                   99,671               128,338             303,954               328,621    
       68  CURRENT RATIO                              1.76                  1.73                1.82                  1.90    
       69  DEBT TO ASSET RATIO                         .29                   .32                 .43                   .43    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY FARM TYPE                     CROP-BACKGROUNDING-FINISHING                        CROP - BEEF    
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                               9,638                                    91,270 
       71  MACHINERY AND EQUIPMENT                         95,768                                    76,428 
       72  MOTOR VEHICLES & LISTED PROPE                  189,809                                   129,043 
       73  BUILDINGS                                       41,565                                    26,379 
       74  OWNED LAND                                   1,229,061                                   641,474 
       75  TOTAL ASSETS                                 2,911,206                                 1,442,474 
       76  NET WORTH                                    2,025,335                                   825,762 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.25                                       .99 
       78  NUMBER OF WORKERS                                 2.25                                      1.23 
       79  TOTAL WORK DAYS                                    623                                       403 
       80  VALUE FARM PRODUCTION/WORKER                   246,279                                   265,264 
       81  NET FARM INCOME/WORKER                          84,166                                    72,708 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 2,328,965                                 1,456,018 
       83  VALUE OF FARM PRODUCTION                       443,303                                   330,646 
       84  NET FARM INCOME                                151,499                                    90,629 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                                                                       .85 
       86  % TILLABLE LAND                                  41.30                                     40.80 
       87  CROP MACH COST/TOT EXPENSE(%)                    22.66                                     27.79 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2966     8   1428     8   1539     8       2191    43    827    42   1417    42    
       89  NON-IRRIGATED CROP ACRES        1225     8    644     8    581     8        886    43    393    42    540    40    
       90  IRRIGATED CROP ACRES     
       91  TOTAL CROP ACRES                1225     8    644     8    581     8        894    43    400    42    540    40    
       92  PASTURE ACRES                   1651     8    693     8   1532     5       1289    42    424    39    939    40    
       93  FARMSTEAD ACRES                   90     8     90     8                      55    30     46    29     26    12    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1225          1247                         894           937  
       95  CROP MACHINERY INVESTMENT          184,624        150.71        148.10        165,948        185.64        177.07  
       96  CROP MACHINERY COST                 82,656         67.47         66.30         66,078         73.92         70.51  
       97  GROSS CROP VALUE                   260,794        212.89        209.20        184,016        205.85        196.35  
       98  CROP PRODUCTION COSTS              208,747        170.41        167.45        159,753        174.55        166.50  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                             7    519    255    87.7   308    88.1     25    292    155   101.3   202    88.5  
      100  GRAIN SORGHUM                                                              23    150     71    72.3   109    67.3  
      101  SOYBEANS                         5    606    295    41.6   389    35.9     36    286    167    32.7   182    29.1  
      102  SUNFLOWERS   
      103  WHEAT                            5    225    125    39.4   157    30.5     33    326    155    39.1   272    33.6  
      104  OTHER CROPS                                                                 5     69 
      105  ALFALFA                                                                    23     78     50     3.6    68     3.7  
      106  OTHER HAY & FORAGE               7    234    164           122             36    160    100           111    
      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     
      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                                           10                                       116 
      122  DAIRY COWS   
      123  EWES   
      124  SOWS   
      125  BEEF PURCH. FOR RESALE SALES                     1,256                                       287 
      126  SWINE PURCH. FOR RESALE SALES                       98                                        63 
      127  TURKEYS