KFMA State Reports

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       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
                                                       1709 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            75,801 
        2  DAIRY AND MILK                                  14,762 
        3  SHEEP                                              124 
        4  SWINE                                           11,779 
        5  POULTRY AND EGGS                                 1,656 
        6  OTHER LIVESTOCK                                   -224 
        7  CUSTOM FEEDING                                   7,121 
        8  FEED PURCHASED                                 -29,596 
        9     LIVESTOCK INCOME                       $     81,423 
      
       10  CORN                                            40,041 
       11  GRAIN SORGHUM                                   12,107 
       12  SOYBEANS                                        41,847 
       13  SUNFLOWERS                                       2,142 
       14  WHEAT                                           41,082 
       15  HAY AND FORAGE                                   8,147 
       16  OTHER CROP                                       4,228 
       17  GOVERNMENT PAYMENTS                             41,560 
       18  CROP INSURANCE PROCEEDS                          5,574 
       19  OTHER INCOME                                    15,435 
       20     VALUE OF FARM PRODUCTION               $    293,584 
      
       21  HIRED LABOR                                     12,915 
       22  MACHINERY REPAIRS                               21,705 
       23  IRRIGATION REPAIRS                                 917 
       24  BUILDING REPAIRS                                 1,908 
       25  INTEREST PAID                                   17,285 
       26  SEED-OTHER CROP EXPENSE                         20,498 
       27  CROP INSURANCE                                   5,615 
       28  FERTILIZER-LIME                                 32,231 
       29  MACHINE HIRE                                    11,760 
       30  ORGANIZATION FEE, PUBLICATION                    2,931 
       31  VET-MED-DRUGS                                    4,159 
       32  CROP STORAGE-MARKETING                           1,591 
       33  LIVESTOCK MARKETING-BREEDING                     3,590 
       34  DAIRY EXPENSE                                    1,230 
       35  GAS-FUEL-OIL                                    17,730 
       36  IRRIGATION ENERGY                                3,716 
       37  REAL ESTATE TAXES                                4,849 
       38  PERSONAL PROPERTY TAXES                            818 
       39  GENERAL FARM INSURANCE                           4,919 
       40  UTILITIES                                        4,887 
       41  CASH FARM RENT                                  18,604 
       42  HERBICIDE-INSECTICIDE                           16,519 
       43  CONSERVATION                                       555 
       44  AUTO EXPENSE                                       925 
       45     TOTAL OPERATING EXPENSE                $    211,856 
      
       46  DEPRECIATION-MACHINERY                          22,879 
       47  DEPRECIATION-BUILDINGS                           2,717 
       48     TOTAL FARM EXPENSE                     $    237,453 
      
       49     NET FARM INCOME                        $     56,131 
      
       50  UNPAID FAMILY LABOR                              1,717 
       51  UNPAID OPERATOR LABOR                           26,700 
       52  MANAGEMENT CHARGE                               14,376 
       53  CURRENT ASSET CHARGE - 8%                       13,160 
       54  NONCURRENT ASSET CHARGE - 8%                    43,890 
       55  RETURN LABOR-MANAGEMENT                         -2,636 
       56  RETURN TO CAPITAL                               30,624 
       57  ASSET TURNOVER RATIO                             .2876 
       58  OPERATING PROFIT MARGIN RATIO                    .1043 
       59  % RETURN ON ASSETS                               .0300 
       60  % RETURN ON EQUITY                               .0187 
       61  TOTAL EXPENSE RATIO                              .8088 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9546 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1489 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          275,665               296,382    
       65  NONCURRENT ASSETS                       722,546               747,198    
       66  CURRENT LIABILITIES                     118,460               124,586    
       67  NONCURRENT LIABILITIES                  182,479               190,023    
       68  CURRENT RATIO                              2.33                  2.38    
       69  DEBT TO ASSET RATIO                         .30                   .30    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         AVERAGE                                   MY FARM  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              51,688 
       71  MACHINERY AND EQUIPMENT                         71,716 
       72  MOTOR VEHICLES & LISTED PROPE                  115,568 
       73  BUILDINGS                                       26,934 
       74  OWNED LAND                                     502,997 
       75  TOTAL ASSETS                                 1,020,895 
       76  NET WORTH                                      713,121 
      
       LABOR
       77  NUMBER OF OPERATORS                                .98 
       78  NUMBER OF WORKERS                                 1.46 
       79  TOTAL WORK DAYS                                    349 
       80  VALUE FARM PRODUCTION/WORKER                   200,903 
       81  NET FARM INCOME/WORKER                          38,411 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,032,373 
       83  VALUE OF FARM PRODUCTION                       296,884 
       84  NET FARM INCOME                                 56,762 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.83 
       86  % TILLABLE LAND                                  64.36 
       87  CROP MACH COST/TOT EXPENSE(%)                    29.30 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1912  1709    758  1481   1391  1563     
       89  NON-IRRIGATED CROP ACRES        1157  1665    424  1404    914  1457     
       90  IRRIGATED CROP ACRES             485   383    259   229    428   295     
       91  TOTAL CROP ACRES                1261  1668    466  1406    988  1465     
       92  PASTURE ACRES                    908  1252    410  1032    785   935     
       93  FARMSTEAD ACRES                   66   877     56   798     57   232     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1231          1161  
       95  CROP MACHINERY INVESTMENT          159,957        129.98        137.74   
       96  CROP MACHINERY COST                 69,585         56.55         59.92   
       97  GROSS CROP VALUE                   256,032        204.04        216.21   
       98  CROP PRODUCTION COSTS              178,822        143.02        151.55   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           925    317    152    92.0   264    91.0   
      100  GRAIN SORGHUM                  884    252    117    73.8   218    70.9   
      101  SOYBEANS                      1007    384    162    41.1   310    33.2   
      102  SUNFLOWERS                     104    169    125    13.6   148    18.4   
      103  WHEAT                         1307    519    198    38.1   442    38.2   
      104  OTHER CROPS                    128    120     90           109     
      105  ALFALFA                        543     99     57     3.6    98     3.8   
      106  OTHER HAY & FORAGE             933    134     79           116     
      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                           281    329    183   172.6   300   179.5   
      111  GRAIN SORGHUM                   75    112     89   100.7   106   102.0   
      112  SOYBEANS                       221    182    121    51.7   171    52.4   
      113  SUNFLOWERS                      50    172    134    19.0   145    19.2   
      114  WHEAT                          131    183    152    45.2   158    46.2   
      115  OTHER CROPS                     24    190    138           175     
      116  ALFALFA                         54    140     87     5.2   148     4.7   
      117  OTHER HAY & FORAGE              66    107    127            56     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           42 
      122  DAIRY COWS                                           4 
      123  EWES                                                 1 
      124  SOWS                                                 5 
      125  BEEF PURCH. FOR RESALE SALES                       100 
      126  SWINE PURCH. FOR RESALE SALES                       21 
      127  TURKEYS                                            850 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
                                                        427 FARMS                                 427 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           161,987                                    59,739 
        2  DAIRY AND MILK                                  29,414                                    18,698 
        3  SHEEP                                             -349                                       624 
        4  SWINE                                           43,278                                     1,436 
        5  POULTRY AND EGGS                                 2,536                                     2,679 
        6  OTHER LIVESTOCK                                     57                                      -531 
        7  CUSTOM FEEDING                                  19,994                                     3,663 
        8  FEED PURCHASED                                 -75,579                                   -17,937 
        9     LIVESTOCK INCOME                       $    181,338                              $     68,371 
      
       10  CORN                                            87,455                                    35,955 
       11  GRAIN SORGHUM                                   15,401                                    15,077 
       12  SOYBEANS                                        85,562                                    40,227 
       13  SUNFLOWERS                                       3,915                                     3,213 
       14  WHEAT                                           59,694                                    43,146 
       15  HAY AND FORAGE                                  13,179                                     6,954 
       16  OTHER CROP                                       8,623                                     3,948 
       17  GOVERNMENT PAYMENTS                             72,610                                    40,331 
       18  CROP INSURANCE PROCEEDS                          8,054                                     5,568 
       19  OTHER INCOME                                    26,406                                    14,596 
       20     VALUE OF FARM PRODUCTION               $    562,239                              $    277,385 
      
       21  HIRED LABOR                                     25,261                                    10,228 
       22  MACHINERY REPAIRS                               31,949                                    20,828 
       23  IRRIGATION REPAIRS                               1,217                                       950 
       24  BUILDING REPAIRS                                 3,436                                     1,418 
       25  INTEREST PAID                                   25,212                                    15,873 
       26  SEED-OTHER CROP EXPENSE                         35,284                                    19,403 
       27  CROP INSURANCE                                   8,897                                     5,899 
       28  FERTILIZER-LIME                                 51,030                                    31,849 
       29  MACHINE HIRE                                    18,238                                     9,701 
       30  ORGANIZATION FEE, PUBLICATION                    4,406                                     2,648 
       31  VET-MED-DRUGS                                    8,836                                     2,952 
       32  CROP STORAGE-MARKETING                           3,014                                     1,453 
       33  LIVESTOCK MARKETING-BREEDING                     8,491                                     2,198 
       34  DAIRY EXPENSE                                    1,988                                     1,410 
       35  GAS-FUEL-OIL                                    27,942                                    17,591 
       36  IRRIGATION ENERGY                                6,345                                     4,321 
       37  REAL ESTATE TAXES                                7,341                                     4,416 
       38  PERSONAL PROPERTY TAXES                          1,236                                       712 
       39  GENERAL FARM INSURANCE                           7,456                                     4,598 
       40  UTILITIES                                        7,518                                     4,663 
       41  CASH FARM RENT                                  32,733                                    18,142 
       42  HERBICIDE-INSECTICIDE                           26,727                                    16,048 
       43  CONSERVATION                                     1,118                                       388 
       44  AUTO EXPENSE                                     1,006                                     1,060 
       45     TOTAL OPERATING EXPENSE                $    346,678                              $    198,750 
      
       46  DEPRECIATION-MACHINERY                          39,192                                    21,647 
       47  DEPRECIATION-BUILDINGS                           5,568                                     2,114 
       48     TOTAL FARM EXPENSE                     $    391,438                              $    222,511 
      
       49     NET FARM INCOME                        $    170,801                              $     54,874 
      
       50  UNPAID FAMILY LABOR                              2,803                                     1,792 
       51  UNPAID OPERATOR LABOR                           33,734                                    26,924 
       52  MANAGEMENT CHARGE                               36,083                                    13,808 
       53  CURRENT ASSET CHARGE - 8%                       27,929                                    11,191 
       54  NONCURRENT ASSET CHARGE - 8%                    69,721                                    39,865 
       55  RETURN LABOR-MANAGEMENT                         70,348                                     2,026 
       56  RETURN TO CAPITAL                              123,393                                    28,223 
       57  ASSET TURNOVER RATIO                             .3296                                     .3028 
       58  OPERATING PROFIT MARGIN RATIO                    .2195                                     .1017 
       59  % RETURN ON ASSETS                               .0723                                     .0308 
       60  % RETURN ON EQUITY                               .0804                                     .0194 
       61  TOTAL EXPENSE RATIO                              .6962                                     .8022 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .8254                                     .9555 
       63  ECONOMIC TOTAL EXPENSE RATIO                     .9991                                    1.1395 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          540,419               605,287             229,330               249,718    
       65  NONCURRENT ASSETS                     1,107,598             1,158,809             665,740               687,131    
       66  CURRENT LIABILITIES                     221,316               226,170              95,571               103,691    
       67  NONCURRENT LIABILITIES                  255,035               268,359             175,338               180,913    
       68  CURRENT RATIO                              2.44                  2.68                2.40                  2.41    
       69  DEBT TO ASSET RATIO                         .29                   .28                 .30                   .30    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                         HIGH 25%                                HIGH MIDDLE
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              77,763                                    56,112 
       71  MACHINERY AND EQUIPMENT                        117,256                                    68,979 
       72  MOTOR VEHICLES & LISTED PROPE                  189,959                                   108,273 
       73  BUILDINGS                                       55,352                                    20,866 
       74  OWNED LAND                                     742,034                                   463,654 
       75  TOTAL ASSETS                                 1,706,057                                   915,960 
       76  NET WORTH                                    1,220,618                                   638,203 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.24                                       .99 
       78  NUMBER OF WORKERS                                 2.17                                      1.40 
       79  TOTAL WORK DAYS                                    583                                       353 
       80  VALUE FARM PRODUCTION/WORKER                   258,619                                   196,881 
       81  NET FARM INCOME/WORKER                          78,565                                    38,948 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,365,485                                   918,541 
       83  VALUE OF FARM PRODUCTION                       450,002                                   278,167 
       84  NET FARM INCOME                                136,705                                    55,029 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            9.28                                      9.44 
       86  % TILLABLE LAND                                  65.39                                     63.66 
       87  CROP MACH COST/TOT EXPENSE(%)                    27.49                                     30.67 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2804   427   1146   364   1942   412       1997   427    732   370   1472   402    
       89  NON-IRRIGATED CROP ACRES        1723   418    669   349   1223   398       1182   416    390   354    947   373    
       90  IRRIGATED CROP ACRES             632   115    315    64    536    98        474   108    252    61    432    83    
       91  TOTAL CROP ACRES                1873   418    726   349   1327   399       1299   418    431   356   1030   378    
       92  PASTURE ACRES                   1309   312    570   251   1119   246        951   314    418   262    784   254    
       93  FARMSTEAD ACRES                  115   225    101   205     92    57         51   217     40   196     58    59    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1833          1794                        1271          1193  
       95  CROP MACHINERY INVESTMENT          257,747        140.58        143.65        154,964        121.91        129.93  
       96  CROP MACHINERY COST                107,596         58.68         59.97         68,255         53.70         57.23  
       97  GROSS CROP VALUE                   453,513        243.88        249.20        248,457        191.80        204.42  
       98  CROP PRODUCTION COSTS              286,532        153.35        156.70        173,180        133.69        142.48  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           299    510    235   103.0   381   101.1    242    265    129    92.2   223    90.2  
      100  GRAIN SORGHUM                  211    320    170    80.5   259    77.2    240    264    101    76.6   234    73.6  
      101  SOYBEANS                       279    635    262    61.6   469    37.2    261    363    141    33.8   296    32.6  
      102  SUNFLOWERS                      37    247    228    14.4   179    14.5     33    135     70    14.2   139    11.6  
      103  WHEAT                          333    653    284    40.9   500    39.4    336    533    182    38.2   471    38.8  
      104  OTHER CROPS                     34    209    183           164             35    133     77           148    
      105  ALFALFA                        144    122     76     4.0   108     4.5    131     96     46     3.5   102     3.7  
      106  OTHER HAY & FORAGE             252    176    104           139            239    136     69           127    
      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                            99    408    237   183.2   356   186.7     80    305    159   169.6   277   177.5  
      111  GRAIN SORGHUM                   13    111     72   111.6   120   119.3     24     98     58   102.1   101    99.8  
      112  SOYBEANS                        73    216    151    52.4   203    55.4     61    189    114    53.3   180    50.3  
      113  SUNFLOWERS                      11    196    130    21.0   151    23.2     21    203    135    17.4   169    20.7  
      114  WHEAT                           37    212    151    45.6   197    46.7     43    156    142    46.9   129    48.4  
      115  OTHER CROPS                      7    268    124           346              7     96     58            89    
      116  ALFALFA                         13    119     86     5.7   155     5.0     14    154     92     5.1   176     4.3  
      117  OTHER HAY & FORAGE              21    116    118            88             18    108    156            39    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           58                                        47 
      122  DAIRY COWS                                           7                                         5 
      123  EWES                                                                                           1 
      124  SOWS                                                15                                         2 
      125  BEEF PURCH. FOR RESALE SALES                       238                                        52 
      126  SWINE PURCH. FOR RESALE SALES                       65                                         5 
      127  TURKEYS                                            947                                     1,582 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
                                                        427 FARMS                                 428 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            41,803                                    39,761 
        2  DAIRY AND MILK                                   7,983                                     2,980 
        3  SHEEP                                              137                                        82 
        4  SWINE                                            1,626                                       803 
        5  POULTRY AND EGGS                                 1,088                                       324 
        6  OTHER LIVESTOCK                                   -243                                      -181 
        7  CUSTOM FEEDING                                   1,599                                     3,238 
        8  FEED PURCHASED                                  -9,796                                   -15,107 
        9     LIVESTOCK INCOME                       $     44,197                              $     31,901 
      
       10  CORN                                            18,367                                    18,438 
       11  GRAIN SORGHUM                                    8,671                                     9,284 
       12  SOYBEANS                                        23,427                                    18,226 
       13  SUNFLOWERS                                         296                                     1,145 
       14  WHEAT                                           30,283                                    31,228 
       15  HAY AND FORAGE                                   5,160                                     7,297 
       16  OTHER CROP                                       1,635                                     2,709 
       17  GOVERNMENT PAYMENTS                             25,984                                    27,347 
       18  CROP INSURANCE PROCEEDS                          3,632                                     5,042 
       19  OTHER INCOME                                     7,395                                    13,348 
       20     VALUE OF FARM PRODUCTION               $    169,046                              $    165,965 
      
       21  HIRED LABOR                                      5,707                                    10,471 
       22  MACHINERY REPAIRS                               15,092                                    18,958 
       23  IRRIGATION REPAIRS                                 405                                     1,095 
       24  BUILDING REPAIRS                                 1,048                                     1,732 
       25  INTEREST PAID                                   11,961                                    16,098 
       26  SEED-OTHER CROP EXPENSE                         12,917                                    14,401 
       27  CROP INSURANCE                                   3,715                                     3,951 
       28  FERTILIZER-LIME                                 20,863                                    25,198 
       29  MACHINE HIRE                                     7,722                                    11,379 
       30  ORGANIZATION FEE, PUBLICATION                    2,034                                     2,638 
       31  VET-MED-DRUGS                                    2,138                                     2,716 
       32  CROP STORAGE-MARKETING                             761                                     1,137 
       33  LIVESTOCK MARKETING-BREEDING                     1,772                                     1,902 
       34  DAIRY EXPENSE                                      910                                       616 
       35  GAS-FUEL-OIL                                    12,008                                    13,388 
       36  IRRIGATION ENERGY                                2,008                                     2,194 
       37  REAL ESTATE TAXES                                3,479                                     4,160 
       38  PERSONAL PROPERTY TAXES                            584                                       741 
       39  GENERAL FARM INSURANCE                           3,333                                     4,291 
       40  UTILITIES                                        3,252                                     4,115 
       41  CASH FARM RENT                                  11,416                                    12,138 
       42  HERBICIDE-INSECTICIDE                           10,611                                    12,699 
       43  CONSERVATION                                       322                                       393 
       44  AUTO EXPENSE                                       925                                       709 
       45     TOTAL OPERATING EXPENSE                $    134,982                              $    167,120 
      
       46  DEPRECIATION-MACHINERY                          13,744                                    16,949 
       47  DEPRECIATION-BUILDINGS                           1,428                                     1,761 
       48     TOTAL FARM EXPENSE                     $    150,154                              $    185,830 
      
       49     NET FARM INCOME                        $     18,892                              $    -19,865 
      
       50  UNPAID FAMILY LABOR                              1,001                                     1,272 
       51  UNPAID OPERATOR LABOR                           23,219                                    22,931 
       52  MANAGEMENT CHARGE                                6,678                                       966 
       53  CURRENT ASSET CHARGE - 8%                        7,554                                     5,983 
       54  NONCURRENT ASSET CHARGE - 8%                    30,406                                    35,587 
       55  RETURN LABOR-MANAGEMENT                        -20,069                                   -62,708 
       56  RETURN TO CAPITAL                                  -45                                   -28,936 
       57  ASSET TURNOVER RATIO                             .2490                                     .2119 
       58  OPERATING PROFIT MARGIN RATIO                   -.0003                                    -.1744 
       59  % RETURN ON ASSETS                              -.0001                                    -.0369 
       60  % RETURN ON EQUITY                              -.0253                                    -.0867 
       61  TOTAL EXPENSE RATIO                              .8882                                    1.1197 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0710                                    1.2714 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.2956                                    1.5218 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          158,377               165,400             174,769               165,430    
       65  NONCURRENT ASSETS                       509,589               524,526             607,525               618,625    
       66  CURRENT LIABILITIES                      64,052                70,880              92,963                97,665    
       67  NONCURRENT LIABILITIES                  132,423               141,552             167,155               169,315    
       68  CURRENT RATIO                              2.47                  2.33                1.88                  1.69    
       69  DEBT TO ASSET RATIO                         .29                   .31                 .33                   .34    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY NET FARM INCOME                        LOW MIDDLE                                 LOW 25%  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              41,096                                    31,826 
       71  MACHINERY AND EQUIPMENT                         44,718                                    55,946 
       72  MOTOR VEHICLES & LISTED PROPE                   76,725                                    87,379 
       73  BUILDINGS                                       14,045                                    17,494 
       74  OWNED LAND                                     372,200                                   434,262 
       75  TOTAL ASSETS                                   678,946                                   783,174 
       76  NET WORTH                                      474,493                                   519,625 
      
       LABOR
       77  NUMBER OF OPERATORS                                .85                                       .84 
       78  NUMBER OF WORKERS                                 1.07                                      1.19 
       79  TOTAL WORK DAYS                                    230                                       230 
       80  VALUE FARM PRODUCTION/WORKER                   157,638                                   139,389 
       81  NET FARM INCOME/WORKER                          17,617                                   -16,684 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   789,516                                   922,142 
       83  VALUE OF FARM PRODUCTION                       196,576                                   195,414 
       84  NET FARM INCOME                                 21,969                                   -23,390 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            7.54                                      8.36 
       86  % TILLABLE LAND                                  62.97                                     64.65 
       87  CROP MACH COST/TOT EXPENSE(%)                    30.94                                     30.17 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1402   427    546   374   1041   379       1447   428    619   373   1050   370    
       89  NON-IRRIGATED CROP ACRES         838   416    300   354    707   343        884   415    340   347    725   343    
       90  IRRIGATED CROP ACRES             389    73    198    47    348    55        385    87    255    57    321    59    
       91  TOTAL CROP ACRES                 904   417    326   354    760   344        965   415    382   347    778   344    
       92  PASTURE ACRES                    660   319    305   262    594   220        713   307    351   257    598   215    
       93  FARMSTEAD ACRES                   52   215     44   201     44    54         45   220     40   196     34    62    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           883           798                         935           861  
       95  CROP MACHINERY INVESTMENT          103,752        117.51        130.04        123,449        131.97        143.35  
       96  CROP MACHINERY COST                 46,458         52.62         58.23         56,062         59.93         65.10  
       97  GROSS CROP VALUE                   155,832        172.36        190.73        164,905        172.58        187.46  
       98  CROP PRODUCTION COSTS              113,943        127.23        140.80        142,292        150.34        163.30  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           198    189     86    88.5   171    86.8    186    210    110    75.7   192    76.6  
      100  GRAIN SORGHUM                  213    197     89    72.9   179    68.2    220    228    113    65.6   194    64.1  
      101  SOYBEANS                       239    254    111    32.7   214    31.3    228    237    105    30.7   207    30.3  
      102  SUNFLOWERS                      14     66     35    10.9    67    57.8     20    151     90    13.6   152    12.2  
      103  WHEAT                          320    423    149    36.6   388    37.6    318    459    175    36.8   398    36.8  
      104  OTHER CROPS                     35     44     40            38             24     85     62            69    
      105  ALFALFA                        129     80     45     3.6    78     3.4    139     94     55     3.4   105     3.5  
      106  OTHER HAY & FORAGE             230    103     63            90            212    116     80            95    
      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                            43    311    163   165.2   290   169.3     59    244    156   167.6   225   175.9  
      111  GRAIN SORGHUM                   14     97    109   103.8    73    95.2     24    135    110    94.4   130    99.1  
      112  SOYBEANS                        43    145    108    52.0   120    52.4     44    153    109    49.3   146    49.4  
      113  SUNFLOWERS                       5    155                                  13    110    125    20.5   104    15.2  
      114  WHEAT                           21    187    161    43.9   165    38.7     30    183    159    43.4   146    49.4  
      115  OTHER CROPS                                                                 9    196    201           111    
      116  ALFALFA                         14    129     68     4.8   141     5.1     13    159    110     5.1   130     4.4  
      117  OTHER HAY & FORAGE              12    105    134            51             15     94    108            46    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           37                                        26 
      122  DAIRY COWS                                           2                                         1 
      123  EWES                                                                                           2 
      124  SOWS                                                 3 
      125  BEEF PURCH. FOR RESALE SALES                        37                                        74 
      126  SWINE PURCH. FOR RESALE SALES                        5                                         9 
      127  TURKEYS                                            694                                       180