KFMA State Reports

Back
Printer Friendly Version
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
                                                        198 FARMS                                  12 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            82,549                                    59,503 
        2  DAIRY AND MILK                                  34,885                                    52,514 
        3  SHEEP                                             -832 
        4  SWINE                                           39,953 
        5  POULTRY AND EGGS                                 1,990 
        6  OTHER LIVESTOCK                                  1,834                                    -2,036 
        7  CUSTOM FEEDING                                  21,843                                    10,348 
        8  FEED PURCHASED                                 -51,073                                   -29,916 
        9     LIVESTOCK INCOME                       $    131,148                              $     90,414 
      
       10  CORN                                            79,696                                   144,652 
       11  GRAIN SORGHUM                                   18,705                                     5,649 
       12  SOYBEANS                                        84,011                                    13,098 
       13  SUNFLOWERS                                       6,177                                     1,779 
       14  WHEAT                                           62,184                                    62,725 
       15  HAY AND FORAGE                                   8,726                                    17,677 
       16  OTHER CROP                                       6,853                                    17,037 
       17  GOVERNMENT PAYMENTS                             75,454                                    95,028 
       18  CROP INSURANCE PROCEEDS                          9,809                                    25,529 
       19  OTHER INCOME                                    35,197                                    52,695 
       20     VALUE OF FARM PRODUCTION               $    517,960                              $    526,282 
      
       21  HIRED LABOR                                     37,744                                    32,107 
       22  MACHINERY REPAIRS                               34,420                                    41,493 
       23  IRRIGATION REPAIRS                               2,148                                     7,143 
       24  BUILDING REPAIRS                                 3,712                                     2,168 
       25  INTEREST PAID                                   22,107                                    32,827 
       26  SEED-OTHER CROP EXPENSE                         38,916                                    37,241 
       27  CROP INSURANCE                                   9,594                                    13,103 
       28  FERTILIZER-LIME                                 52,230                                    53,146 
       29  MACHINE HIRE                                    16,962                                    24,566 
       30  ORGANIZATION FEE, PUBLICATION                    5,890                                     3,462 
       31  VET-MED-DRUGS                                    7,171                                     4,459 
       32  CROP STORAGE-MARKETING                           4,048                                     3,910 
       33  LIVESTOCK MARKETING-BREEDING                     4,669                                     2,702 
       34  DAIRY EXPENSE                                    2,695                                     1,363 
       35  GAS-FUEL-OIL                                    29,352                                    38,517 
       36  IRRIGATION ENERGY                                5,876                                    45,437 
       37  REAL ESTATE TAXES                                7,417                                     5,440 
       38  PERSONAL PROPERTY TAXES                          1,346                                       484 
       39  GENERAL FARM INSURANCE                           8,299                                     8,903 
       40  UTILITIES                                        9,608                                     7,194 
       41  CASH FARM RENT                                  35,667                                    49,324 
       42  HERBICIDE-INSECTICIDE                           32,821                                    21,471 
       43  CONSERVATION                                       923                                        13 
       44  AUTO EXPENSE                                       853                                     1,785 
       45     TOTAL OPERATING EXPENSE                $    374,467                              $    438,255 
      
       46  DEPRECIATION-MACHINERY                          39,822                                    33,281 
       47  DEPRECIATION-BUILDINGS                           6,590                                     1,239 
       48     TOTAL FARM EXPENSE                     $    420,879                              $    472,774 
      
       49     NET FARM INCOME                        $     97,081                              $     53,508 
      
       50  UNPAID FAMILY LABOR                              2,045                                     3,563 
       51  UNPAID OPERATOR LABOR                           35,782                                    29,925 
       52  MANAGEMENT CHARGE                               24,172                                    16,202 
       53  CURRENT ASSET CHARGE - 8%                       21,919                                    10,830 
       54  NONCURRENT ASSET CHARGE - 8%                    61,395                                    43,151 
       55  RETURN LABOR-MANAGEMENT                         11,722                                    -4,036 
       56  RETURN TO CAPITAL                               57,188                                    36,646 
       57  ASSET TURNOVER RATIO                             .3589                                     .4657 
       58  OPERATING PROFIT MARGIN RATIO                    .1104                                     .0696 
       59  % RETURN ON ASSETS                               .0396                                     .0324 
       60  % RETURN ON EQUITY                               .0337                                     .0057 
       61  TOTAL EXPENSE RATIO                              .8126                                     .8983 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9323                                     .9927 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0931                                    1.0953 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          405,583               437,354             347,647               339,781    
       65  NONCURRENT ASSETS                     1,006,761             1,036,955             734,329               838,549    
       66  CURRENT LIABILITIES                     142,659               152,292             231,710               184,968    
       67  NONCURRENT LIABILITIES                  244,326               264,525             239,002               255,090    
       68  CURRENT RATIO                              2.84                  2.87                1.50                  1.84    
       69  DEBT TO ASSET RATIO                         .27                   .28                 .44                   .37    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                         CORPORATIONS                            PARTNERSHIP - OWNER     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              69,621                                    60,713 
       71  MACHINERY AND EQUIPMENT                        124,464                                   133,301 
       72  MOTOR VEHICLES & LISTED PROPE                  191,172                                   151,651 
       73  BUILDINGS                                       65,266                                    13,682 
       74  OWNED LAND                                     603,508                                   431,979 
       75  TOTAL ASSETS                                 1,443,326                                 1,130,153 
       76  NET WORTH                                    1,041,425                                   674,767 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.32                                      1.10 
       78  NUMBER OF WORKERS                                 2.50                                      2.05 
       79  TOTAL WORK DAYS                                    554                                       448 
       80  VALUE FARM PRODUCTION/WORKER                   206,766                                   255,684 
       81  NET FARM INCOME/WORKER                          38,754                                    25,996 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,089,095                                 1,019,687 
       83  VALUE OF FARM PRODUCTION                       390,839                                   474,841 
       84  NET FARM INCOME                                 73,255                                    48,278 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            8.98                                     50.94 
       86  % TILLABLE LAND                                  75.28                                     64.88 
       87  CROP MACH COST/TOT EXPENSE(%)                    26.14                                     25.64 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2633   198   1227   138   1913   184       2017    12   1002     9   2531     6    
       89  NON-IRRIGATED CROP ACRES        1841   194    764   133   1452   176       1609    11    498     8   2744     5    
       90  IRRIGATED CROP ACRES             551    64    358    31    464    52       1143     7    416     5   1183     5    
       91  TOTAL CROP ACRES                2013   195    847   133   1580   177       1427    11    758     8   1606     6    
       92  PASTURE ACRES                   1085   121    715    73    860    92       1109     7    443     5     
       93  FARMSTEAD ACRES                   98    77     69    64    125    25     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1982          1870                        1309          1739  
       95  CROP MACHINERY INVESTMENT          269,976        136.20        144.35        254,438        194.45        146.35  
       96  CROP MACHINERY COST                110,035         55.51         58.83        121,209         92.63         69.72  
       97  GROSS CROP VALUE                   440,768        219.00        232.10        460,163        351.67        264.67  
       98  CROP PRODUCTION COSTS              320,778        159.38        168.92        342,139        261.47        196.79  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                           129    584    293   105.3   468   101.5      6    329    201    59.0    
      100  GRAIN SORGHUM                   92    404    269    70.5   342    73.1   
      101  SOYBEANS                       123    637    307    41.6   520    38.6   
      102  SUNFLOWERS                      19    340    227    15.0   319    14.2   
      103  WHEAT                          158    676    325    40.6   583    38.0      9    929    206    31.5  1425    26.4  
      104  OTHER CROPS                     10    244    149           220     
      105  ALFALFA                         56    156     77     4.0   162     3.9      4    112 
      106  OTHER HAY & FORAGE              95    198    156           150              8     63     62            48    
      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                            47    327    266   173.3   286   171.1      5   1021                 1041   186.4  
      111  GRAIN SORGHUM                   14    146    134   101.0   100    95.6   
      112  SOYBEANS                        38    202    129    58.0   185    52.7   
      113  SUNFLOWERS                       9    241                  181    20.6   
      114  WHEAT                           28    189    171    45.6   171    41.9      5    213 
      115  OTHER CROPS                      5    254    237 
      116  ALFALFA                          9    173    102     5.0   158     4.5   
      117  OTHER HAY & FORAGE               7    106                   67              4    122 
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           41                                        23 
      122  DAIRY COWS                                           9                                         3 
      123  EWES   
      124  SOWS                                                19 
      125  BEEF PURCH. FOR RESALE SALES                       133                                       103 
      126  SWINE PURCH. FOR RESALE SALES                       79 
      127  TURKEYS                                          1,287 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                    PARTNERSHIP - PARTOWNER                     PARTNERSHIP - TENANT     
                                                         57 FARMS                                  52 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                           141,795                                   121,439 
        2  DAIRY AND MILK                                  48,448                                    55,562 
        3  SHEEP  
        4  SWINE                                           73,092                                    15,328 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                    990                                      -710 
        7  CUSTOM FEEDING                                  18,354                                     2,864 
        8  FEED PURCHASED                                 -61,020                                   -45,474 
        9     LIVESTOCK INCOME                       $    221,660                              $    149,009 
      
       10  CORN                                            62,774                                    64,639 
       11  GRAIN SORGHUM                                   12,262                                    25,416 
       12  SOYBEANS                                        78,825                                    60,752 
       13  SUNFLOWERS                                         399                                       217 
       14  WHEAT                                           36,697                                    61,030 
       15  HAY AND FORAGE                                  17,665                                     7,120 
       16  OTHER CROP                                      19,500                                    13,283 
       17  GOVERNMENT PAYMENTS                             52,157                                    64,683 
       18  CROP INSURANCE PROCEEDS                          7,162                                     6,422 
       19  OTHER INCOME                                     8,911                                    24,017 
       20     VALUE OF FARM PRODUCTION               $    518,012                              $    476,586 
      
       21  HIRED LABOR                                     27,245                                    17,224 
       22  MACHINERY REPAIRS                               34,058                                    32,701 
       23  IRRIGATION REPAIRS                                 419                                       778 
       24  BUILDING REPAIRS                                 5,488                                       678 
       25  INTEREST PAID                                   31,942                                    17,666 
       26  SEED-OTHER CROP EXPENSE                         35,216                                    29,698 
       27  CROP INSURANCE                                   6,541                                     6,681 
       28  FERTILIZER-LIME                                 53,519                                    55,715 
       29  MACHINE HIRE                                     9,292                                    38,763 
       30  ORGANIZATION FEE, PUBLICATION                    3,475                                     4,844 
       31  VET-MED-DRUGS                                    8,334                                     8,301 
       32  CROP STORAGE-MARKETING                           3,929                                     1,693 
       33  LIVESTOCK MARKETING-BREEDING                    13,205                                     6,880 
       34  DAIRY EXPENSE                                    6,048                                     4,016 
       35  GAS-FUEL-OIL                                    32,462                                    29,145 
       36  IRRIGATION ENERGY                                  279                                     8,076 
       37  REAL ESTATE TAXES                                7,289                                     1,906 
       38  PERSONAL PROPERTY TAXES                          1,435                                     1,116 
       39  GENERAL FARM INSURANCE                           7,962                                     6,093 
       40  UTILITIES                                       10,471                                     6,239 
       41  CASH FARM RENT                                  37,774                                    42,041 
       42  HERBICIDE-INSECTICIDE                           22,207                                    27,313 
       43  CONSERVATION                                     1,887                                       371 
       44  AUTO EXPENSE                                       694                                       394 
       45     TOTAL OPERATING EXPENSE                $    361,173                              $    348,332 
      
       46  DEPRECIATION-MACHINERY                          32,909                                    26,724 
       47  DEPRECIATION-BUILDINGS                           5,150                                     2,122 
       48     TOTAL FARM EXPENSE                     $    399,232                              $    377,179 
      
       49     NET FARM INCOME                        $    118,780                              $     99,407 
      
       50  UNPAID FAMILY LABOR                              1,224                                       952 
       51  UNPAID OPERATOR LABOR                           49,311                                    45,588 
       52  MANAGEMENT CHARGE                               28,081                                    23,114 
       53  CURRENT ASSET CHARGE - 8%                       26,784                                    16,216 
       54  NONCURRENT ASSET CHARGE - 8%                    76,030                                    13,042 
       55  RETURN LABOR-MANAGEMENT                         14,743                                    69,197 
       56  RETURN TO CAPITAL                               72,107                                    47,419 
       57  ASSET TURNOVER RATIO                             .2856                                     .6862 
       58  OPERATING PROFIT MARGIN RATIO                    .1392                                     .0995 
       59  % RETURN ON ASSETS                               .0398                                     .0683 
       60  % RETURN ON EQUITY                               .0313                                     .0814 
       61  TOTAL EXPENSE RATIO                              .7707                                     .7914 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9225                                     .9376 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.1209                                     .9990 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          544,795               552,065             363,566               405,498    
       65  NONCURRENT ASSETS                     1,241,060             1,289,222             293,386               326,708    
       66  CURRENT LIABILITIES                     192,123               235,145             171,177               192,490    
       67  NONCURRENT LIABILITIES                  315,993               313,531             136,560               157,484    
       68  CURRENT RATIO                              2.84                  2.35                2.12                  2.11    
       69  DEBT TO ASSET RATIO                         .28                   .30                 .47                   .48    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                    PARTNERSHIP - PARTOWNER                     PARTNERSHIP - TENANT     
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                             106,866                                    98,725 
       71  MACHINERY AND EQUIPMENT                        101,519                                    88,858 
       72  MOTOR VEHICLES & LISTED PROPE                  182,690                                   134,945 
       73  BUILDINGS                                       54,355                                    19,954 
       74  OWNED LAND                                     907,521                                    50,064 
       75  TOTAL ASSETS                                 1,813,571                                   694,579 
       76  NET WORTH                                    1,285,175                                   365,723 
      
       LABOR
       77  NUMBER OF OPERATORS                               1.82                                      1.68 
       78  NUMBER OF WORKERS                                 2.68                                      2.28 
       79  TOTAL WORK DAYS                                    600                                       533 
       80  VALUE FARM PRODUCTION/WORKER                   192,733                                   208,782 
       81  NET FARM INCOME/WORKER                          44,194                                    43,548 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   993,022                                   411,368 
       83  VALUE OF FARM PRODUCTION                       283,638                                   282,260 
       84  NET FARM INCOME                                 65,038                                    58,874 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                            3.70                                     11.27 
       86  % TILLABLE LAND                                  55.63                                     65.71 
       87  CROP MACH COST/TOT EXPENSE(%)                    24.03                                     30.01 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     2620    57   1267    57   1528    57       2581    52                2581    52    
       89  NON-IRRIGATED CROP ACRES        1428    56    530    55    959    53       1535    51                1535    51    
       90  IRRIGATED CROP ACRES             512     6    193     5    421     5        903    11                 903    11    
       91  TOTAL CROP ACRES                1457    57    538    56    980    54       1729    51                1729    51    
       92  PASTURE ACRES                   1406    49    807    44    814    41       1335    34                1335    34    
       93  FARMSTEAD ACRES                  193    38    178    37     85     9         69     9                  69     9    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1457          1530                        1696          1694  
       95  CROP MACHINERY INVESTMENT          229,278        157.34        149.87        183,710        108.30        108.43  
       96  CROP MACHINERY COST                 95,946         65.84         62.72        113,197         66.73         66.81  
       97  GROSS CROP VALUE                   337,138        231.36        220.38        388,412        224.58        224.85  
       98  CROP PRODUCTION COSTS              252,076        172.98        164.78        273,575        158.18        158.37  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            39    585    229   101.5   435    93.7     34    293                  293    99.0  
      100  GRAIN SORGHUM                   28    246    105    76.0   185    68.7     33    436                  436    70.7  
      101  SOYBEANS                        46    604    225    31.7   418    30.5     31    472                  472    36.2  
      102  SUNFLOWERS                                                                  4     56                   56    12.5  
      103  WHEAT                           40    356    125    36.1   312    42.2     43    687                  687    39.7  
      104  OTHER CROPS                      9    316    266           179              4    117                  117    
      105  ALFALFA                         22     81     50     4.0    71     3.4     24     98                   98     3.7  
      106  OTHER HAY & FORAGE              38    197    104           147             36    164                  164    
      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    254    125   152.1   204   171.8     11    504                  504   187.0  
      111  GRAIN SORGHUM
      112  SOYBEANS                         5    322                  271    57.5     10    235                  235    54.8  
      113  SUNFLOWERS   
      114  WHEAT                                                                       5    174                  174    44.1  
      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                                           93                                        57 
      122  DAIRY COWS                                          10                                        14 
      123  EWES   
      124  SOWS                                                 8                                         4 
      125  BEEF PURCH. FOR RESALE SALES                       172                                       195 
      126  SWINE PURCH. FOR RESALE SALES                        1                                       100 
      127  TURKEYS
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
                                                        123 FARMS                                1156 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            53,989                                    75,211 
        2  DAIRY AND MILK                                  11,450                                     7,784 
        3  SHEEP                                               55                                       137 
        4  SWINE                                            4,088                                     5,692 
        5  POULTRY AND EGGS                                 8,219                                     1,233 
        6  OTHER LIVESTOCK                                    558                                      -680 
        7  CUSTOM FEEDING                                   7,592                                     4,384 
        8  FEED PURCHASED                                 -34,460                                   -24,452 
        9     LIVESTOCK INCOME                       $     51,492                              $     69,309 
      
       10  CORN                                            13,737                                    34,040 
       11  GRAIN SORGHUM                                    2,766                                    11,398 
       12  SOYBEANS                                        11,550                                    37,405 
       13  SUNFLOWERS                                         259                                     1,895 
       14  WHEAT                                           15,232                                    40,003 
       15  HAY AND FORAGE                                   3,427                                     8,159 
       16  OTHER CROP                                       1,280                                     2,904 
       17  GOVERNMENT PAYMENTS                             15,898                                    37,289 
       18  CROP INSURANCE PROCEEDS                            839                                     5,258 
       19  OTHER INCOME                                     5,316                                    12,655 
       20     VALUE OF FARM PRODUCTION               $    121,796                              $    260,314 
      
       21  HIRED LABOR                                      4,741                                     8,867 
       22  MACHINERY REPAIRS                                8,441                                    20,095 
       23  IRRIGATION REPAIRS                                 578                                       749 
       24  BUILDING REPAIRS                                 1,492                                     1,642 
       25  INTEREST PAID                                    8,011                                    17,272 
       26  SEED-OTHER CROP EXPENSE                          2,713                                    18,483 
       27  CROP INSURANCE                                   1,598                                     5,340 
       28  FERTILIZER-LIME                                 10,262                                    29,805 
       29  MACHINE HIRE                                     5,763                                    10,218 
       30  ORGANIZATION FEE, PUBLICATION                    1,939                                     2,475 
       31  VET-MED-DRUGS                                    2,030                                     3,683 
       32  CROP STORAGE-MARKETING                             461                                     1,231 
       33  LIVESTOCK MARKETING-BREEDING                     1,342                                     3,264 
       34  DAIRY EXPENSE                                    1,794                                       555 
       35  GAS-FUEL-OIL                                     6,527                                    15,966 
       36  IRRIGATION ENERGY                                  578                                     3,209 
       37  REAL ESTATE TAXES                                5,458                                     4,690 
       38  PERSONAL PROPERTY TAXES                            508                                       741 
       39  GENERAL FARM INSURANCE                           3,002                                     4,488 
       40  UTILITIES                                        4,217                                     3,960 
       41  CASH FARM RENT                                   5,470                                    15,012 
       42  HERBICIDE-INSECTICIDE                            4,302                                    14,637 
       43  CONSERVATION                                       480                                       491 
       44  AUTO EXPENSE                                       946                                       979 
       45     TOTAL OPERATING EXPENSE                $     82,654                              $    187,852 
      
       46  DEPRECIATION-MACHINERY                          10,810                                    21,242 
       47  DEPRECIATION-BUILDINGS                           2,457                                     2,176 
       48     TOTAL FARM EXPENSE                     $     95,921                              $    211,269 
      
       49     NET FARM INCOME                        $     25,875                              $     49,046 
      
       50  UNPAID FAMILY LABOR                              1,573                                     1,793 
       51  UNPAID OPERATOR LABOR                           18,373                                    24,274 
       52  MANAGEMENT CHARGE                                7,297                                    12,787 
       53  CURRENT ASSET CHARGE - 8%                        9,555                                    11,870 
       54  NONCURRENT ASSET CHARGE - 8%                    55,292                                    42,403 
       55  RETURN LABOR-MANAGEMENT                        -40,545                                    -7,019 
       56  RETURN TO CAPITAL                                6,643                                    27,464 
       57  ASSET TURNOVER RATIO                             .1222                                     .2645 
       58  OPERATING PROFIT MARGIN RATIO                    .0545                                     .1055 
       59  % RETURN ON ASSETS                               .0067                                     .0279 
       60  % RETURN ON EQUITY                              -.0017                                     .0150 
       61  TOTAL EXPENSE RATIO                              .7876                                     .8116 
       62  ADJUSTED TOTAL EXPENSE RATIO                    1.0112                                     .9608 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.5437                                    1.1693 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          203,496               221,494             253,325               273,521    
       65  NONCURRENT ASSETS                       782,751               785,453             708,038               733,195    
       66  CURRENT LIABILITIES                      91,418                94,686             112,889               117,215    
       67  NONCURRENT LIABILITIES                   96,850                89,057             186,809               194,358    
       68  CURRENT RATIO                              2.23                  2.34                2.24                  2.33    
       69  DEBT TO ASSET RATIO                         .19                   .18                 .31                   .31    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - OWNER                           SINGLE - PARTOWNER
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              28,080                                    47,850 
       71  MACHINERY AND EQUIPMENT                         38,355                                    65,976 
       72  MOTOR VEHICLES & LISTED PROPE                   61,346                                   108,030 
       73  BUILDINGS                                       23,939                                    21,608 
       74  OWNED LAND                                     644,397                                   510,259 
       75  TOTAL ASSETS                                   996,597                                   984,040 
       76  NET WORTH                                      810,591                                   678,404 
      
       LABOR
       77  NUMBER OF OPERATORS                                .68                                       .89 
       78  NUMBER OF WORKERS                                  .93                                      1.26 
       79  TOTAL WORK DAYS                                    167                                       319 
       80  VALUE FARM PRODUCTION/WORKER                   130,952                                   206,480 
       81  NET FARM INCOME/WORKER                          27,820                                    38,903 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                 1,464,533                                 1,094,535 
       83  VALUE OF FARM PRODUCTION                       178,984                                   289,544 
       84  NET FARM INCOME                                 38,024                                    54,553 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           10.71                                      8.03 
       86  % TILLABLE LAND                                  51.10                                     62.25 
       87  CROP MACH COST/TOT EXPENSE(%)                    28.90                                     30.70 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                      896   123    896   123                    1882  1156    661  1154   1243  1153    
       89  NON-IRRIGATED CROP ACRES         462   109    462   109                    1091  1141    374  1099    781  1069    
       90  IRRIGATED CROP ACRES             318    19    318    19                     442   246    232   169    362   192    
       91  TOTAL CROP ACRES                 517   109    517   109                    1186  1142    409  1100    842  1074    
       92  PASTURE ACRES                    561    87    561    87                     881   903    345   823    744   714    
       93  FARMSTEAD ACRES                   79    65     79    65                      54   668     45   630     44   171    
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                           458           356                        1171          1096  
       95  CROP MACHINERY INVESTMENT           76,678        167.39        215.41        149,891        127.96        136.80  
       96  CROP MACHINERY COST                 27,721         60.52         77.87         64,864         55.37         59.20  
       97  GROSS CROP VALUE                    83,420        165.83        213.39        232,863        196.90        210.50  
       98  CROP PRODUCTION COSTS               64,287        136.92        176.19        161,167        135.92        145.31  
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            43    130    130    86.0                  635    268    126    90.0   211    88.1  
      100  GRAIN SORGHUM                   28    115    115    74.7                  638    224    103    73.9   181    71.5  
      101  SOYBEANS                        52    124    124    32.6                  696    355    143    42.6   267    32.4  
      102  SUNFLOWERS                                                                 69    138    110    13.0   109    21.5  
      103  WHEAT                           65    226    226    38.5                  906    509    185    38.0   398    38.0  
      104  OTHER CROPS                      5     65     65                           91     83     63            74    
      105  ALFALFA                         19     88     88     2.8                  381     90     52     3.6    86     3.6  
      106  OTHER HAY & FORAGE              49    113    113                          664    122     67           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                            12    236    236   174.4                  176    305    164   172.7   260   180.6  
      111  GRAIN SORGHUM                                                              48     97     69   100.4   104   109.4  
      112  SOYBEANS                        10    130    130    47.9                  140    166    113    51.4   148    51.7  
      113  SUNFLOWERS                                                                 33    168    122    18.8   143    18.5  
      114  WHEAT                            6    171    171    48.2                   76    192    145    44.2   160    48.6  
      115  OTHER CROPS                                                                13    139    105           119    
      116  ALFALFA                                                                    35    130     85     5.2   141     4.9  
      117  OTHER HAY & FORAGE               4     21     21                           46    119    133            55    
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           23                                        43 
      122  DAIRY COWS                                           3                                         2 
      123  EWES                                                                                           1 
      124  SOWS                                                 4                                         3 
      125  BEEF PURCH. FOR RESALE SALES                       118                                        93 
      126  SWINE PURCH. FOR RESALE SALES                                                                 12 
      127  TURKEYS                                          4,703                                       536 
      
      
       2005 DATA - KANSAS     
       INCOME AND EXPENSE ANALYSIS  
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
                                                        111 FARMS 
      
             ITEM                                        PER FARM                                  PER FARM 
      
        1  BEEF                                            40,578 
        2  DAIRY AND MILK                                  14,711 
        3  SHEEP                                            1,901 
        4  SWINE                                            1,566 
        5  POULTRY AND EGGS   
        6  OTHER LIVESTOCK                                   -220 
        7  CUSTOM FEEDING                                   4,724 
        8  FEED PURCHASED                                 -15,860 
        9     LIVESTOCK INCOME                       $     47,399 
      
       10  CORN                                            26,450 
       11  GRAIN SORGHUM                                   12,452 
       12  SOYBEANS                                        21,730 
       13  SUNFLOWERS                                       1,434 
       14  WHEAT                                           33,890 
       15  HAY AND FORAGE                                   6,777 
       16  OTHER CROP                                       3,130 
       17  GOVERNMENT PAYMENTS                             31,960 
       18  CROP INSURANCE PROCEEDS                          3,180 
       19  OTHER INCOME                                    15,650 
       20     VALUE OF FARM PRODUCTION               $    204,051 
      
       21  HIRED LABOR                                      8,394 
       22  MACHINERY REPAIRS                               16,861 
       23  IRRIGATION REPAIRS                                 488 
       24  BUILDING REPAIRS                                   630 
       25  INTEREST PAID                                    9,717 
       26  SEED-OTHER CROP EXPENSE                         14,660 
       27  CROP INSURANCE                                   4,047 
       28  FERTILIZER-LIME                                 21,969 
       29  MACHINE HIRE                                    12,408 
       30  ORGANIZATION FEE, PUBLICATION                    2,273 
       31  VET-MED-DRUGS                                    1,997 
       32  CROP STORAGE-MARKETING                             707 
       33  LIVESTOCK MARKETING-BREEDING                     1,164 
       34  DAIRY EXPENSE                                    1,232 
       35  GAS-FUEL-OIL                                    12,620 
       36  IRRIGATION ENERGY                                3,838 
       37  REAL ESTATE TAXES                                1,306 
       38  PERSONAL PROPERTY TAXES                            611 
       39  GENERAL FARM INSURANCE                           2,958 
       40  UTILITIES                                        3,103 
       41  CASH FARM RENT                                  15,974 
       42  HERBICIDE-INSECTICIDE                           12,068 
       43  CONSERVATION                                       112 
       44  AUTO EXPENSE                                       736 
       45     TOTAL OPERATING EXPENSE                $    149,874 
      
       46  DEPRECIATION-MACHINERY                          15,012 
       47  DEPRECIATION-BUILDINGS                             925 
       48     TOTAL FARM EXPENSE                     $    165,811 
      
       49     NET FARM INCOME                        $     38,240 
      
       50  UNPAID FAMILY LABOR                                912 
       51  UNPAID OPERATOR LABOR                           24,178 
       52  MANAGEMENT CHARGE                                9,973 
       53  CURRENT ASSET CHARGE - 8%                        6,792 
       54  NONCURRENT ASSET CHARGE - 8%                    13,543 
       55  RETURN LABOR-MANAGEMENT                         16,993 
       56  RETURN TO CAPITAL                               12,894 
       57  ASSET TURNOVER RATIO                             .4951 
       58  OPERATING PROFIT MARGIN RATIO                    .0632 
       59  % RETURN ON ASSETS                               .0313 
       60  % RETURN ON EQUITY                               .0125 
       61  TOTAL EXPENSE RATIO                              .8126 
       62  ADJUSTED TOTAL EXPENSE RATIO                     .9844 
       63  ECONOMIC TOTAL EXPENSE RATIO                    1.0841 
      
       ASSETS/LOANS/FINANCIAL RATIOS             JANUARY 1           DECEMBER 31           JANUARY 1           DECEMBER 31    
      
       64  CURRENT ASSETS                          169,378               178,886    
       65  NONCURRENT ASSETS                       233,454               242,543    
       66  CURRENT LIABILITIES                      88,518                89,948    
       67  NONCURRENT LIABILITIES                   68,777                68,648    
       68  CURRENT RATIO                              1.91                  1.99    
       69  DEBT TO ASSET RATIO                         .39                   .38    
      
       2005 DATA - KANSAS     
       ANALYSIS OF THE FARM BUSINESS
       SORTED BY OWNERSHIP TYPE                        SINGLE - TENANT  
      
       AVERAGE ASSET & NET WORTH VALUES   
       70  BREEDING LIVESTOCK                              34,483 
       71  MACHINERY AND EQUIPMENT                         44,373 
       72  MOTOR VEHICLES & LISTED PROPE                   71,838 
       73  BUILDINGS                                        7,962 
       74  OWNED LAND                                     103,525 
       75  TOTAL ASSETS                                   412,130 
       76  NET WORTH                                      254,185 
      
       LABOR
       77  NUMBER OF OPERATORS                                .89 
       78  NUMBER OF WORKERS                                 1.19 
       79  TOTAL WORK DAYS                                    267 
       80  VALUE FARM PRODUCTION/WORKER                   170,298 
       81  NET FARM INCOME/WORKER                          31,915 
      
       PER OPERATOR BASIS     
       82  TOTAL ASSETS                                   460,226 
       83  VALUE OF FARM PRODUCTION                       227,864 
       84  NET FARM INCOME                                 42,703 
      
       OTHER FACTORS    
       85  % CROP ACRES IRRIGATED                           13.04 
       86  % TILLABLE LAND                                  73.81 
       87  CROP MACH COST/TOT EXPENSE(%)                    32.23 
      
       ACRES                              TOTAL   CNT   OWNED  CNT  RENTED  CNT      TOTAL   CNT   OWNED  CNT  RENTED  CNT    
       88  TOTAL ACRES                     1381   111                1381   111     
       89  NON-IRRIGATED CROP ACRES         956   103                 956   103     
       90  IRRIGATED CROP ACRES             492    30                 492    30     
       91  TOTAL CROP ACRES                1099   103                1099   103     
       92  PASTURE ACRES                    767    51                 767    51     
       93  FARMSTEAD ACRES                   58    18                  58    18     
      
       CROP VALUE, COSTS, ACRES              TOTAL    PER CROP ACRE PER HARV.ACRE      TOTAL     PER CROP ACRE  PER HARV.ACRE 
       94  ACRES                                          1020           971  
       95  CROP MACHINERY INVESTMENT          103,878        101.87        106.93   
       96  CROP MACHINERY COST                 53,437         52.40         55.01   
       97  GROSS CROP VALUE                   217,707        200.04        209.97   
       98  CROP PRODUCTION COSTS              133,648        123.98        130.14   
      
       NON-IRRIGATED ACRES                       AVE.     OWNED         RENTED             AVE.      OWNED        RENTED
                                          CNT   ACRES  ACRES  YIELD  ACRES  YIELD    CNT   ACRES  ACRES  YIELD  ACRES  YIELD  
       99  CORN                            39    187                  187    92.1   
      100  GRAIN SORGHUM                   62    279                  279    65.5   
      101  SOYBEANS                        58    211                  211    32.0   
      102  SUNFLOWERS                       7    119                  119    10.3   
      103  WHEAT                           86    501                  501    38.8   
      104  OTHER CROPS                      9    192                  192     
      105  ALFALFA                         37    114                  114     5.3   
      106  OTHER HAY & FORAGE              43    139                  139     
      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                            24    352                  352   183.6   
      111  GRAIN SORGHUM                    8     68                   68    87.2   
      112  SOYBEANS                        16    225                  225    52.8   
      113  SUNFLOWERS                       4    136                  136    22.9   
      114  WHEAT                           11    102                  102    44.0   
      115  OTHER CROPS  
      116  ALFALFA                          4    175                  175     5.0   
      117  OTHER HAY & FORAGE               4     50                   50     
      118  VEGETABLES   
      119  TRUCK CROPS  
      120  FRUIT - FLOWERS - TREES  
      
       AVERAGE LIVESTOCK INVENTORIES AND SALES  
      121  BEEF COWS                                           19 
      122  DAIRY COWS                                           3 
      123  EWES                                                 1 
      124  SOWS                                                 1 
      125  BEEF PURCH. FOR RESALE SALES                        13 
      126  SWINE PURCH. FOR RESALE SALES                        9 
      127  TURKEYS