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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY VALUE OF FARM PRODUCTION < 100,001 100,001 - 250,000
357 FARMS 628 FARMS
ITEM PER FARM PER FARM
1 BEEF 24,611 47,341
2 DAIRY AND MILK 1,192 7,223
3 SHEEP 151 139
4 SWINE 161 2,317
5 POULTRY AND EGGS 1 2,413
6 OTHER LIVESTOCK 24 112
7 CUSTOM FEEDING 1,117 1,518
8 FEED PURCHASED -8,362 -12,369
9 LIVESTOCK INCOME $ 18,893 $ 48,694
10 CORN 2,896 12,833
11 GRAIN SORGHUM 2,757 10,125
12 SOYBEANS 7,757 22,221
13 SUNFLOWERS 87 366
14 WHEAT 10,095 31,029
15 HAY AND FORAGE 2,013 5,123
16 OTHER CROP 662 1,981
17 GOVERNMENT PAYMENTS 9,691 25,234
18 CROP INSURANCE PROCEEDS 1,171 3,724
19 OTHER INCOME 3,578 9,840
20 VALUE OF FARM PRODUCTION $ 59,601 $ 171,171
21 HIRED LABOR 982 4,128
22 MACHINERY REPAIRS 6,793 15,127
23 IRRIGATION REPAIRS 67 337
24 BUILDING REPAIRS 723 1,146
25 INTEREST PAID 5,267 11,443
26 SEED-OTHER CROP EXPENSE 2,857 11,409
27 CROP INSURANCE 1,125 3,470
28 FERTILIZER-LIME 6,944 19,211
29 MACHINE HIRE 2,959 7,101
30 ORGANIZATION FEE, PUBLICATION 1,458 2,108
31 VET-MED-DRUGS 951 2,070
32 CROP STORAGE-MARKETING 220 697
33 LIVESTOCK MARKETING-BREEDING 671 1,713
34 DAIRY EXPENSE 109 748
35 GAS-FUEL-OIL 5,167 11,986
36 IRRIGATION ENERGY 74 974
37 REAL ESTATE TAXES 2,608 3,833
38 PERSONAL PROPERTY TAXES 381 602
39 GENERAL FARM INSURANCE 2,111 3,563
40 UTILITIES 1,900 3,546
41 CASH FARM RENT 3,564 10,710
42 HERBICIDE-INSECTICIDE 2,741 10,461
43 CONSERVATION 207 308
44 AUTO EXPENSE 729 902
45 TOTAL OPERATING EXPENSE $ 50,607 $ 127,592
46 DEPRECIATION-MACHINERY 6,264 13,914
47 DEPRECIATION-BUILDINGS 683 1,447
48 TOTAL FARM EXPENSE $ 57,554 $ 142,953
49 NET FARM INCOME $ 2,047 $ 28,218
50 UNPAID FAMILY LABOR 485 1,437
51 UNPAID OPERATOR LABOR 18,204 25,048
52 MANAGEMENT CHARGE 2,553 8,378
53 CURRENT ASSET CHARGE - 8% 5,981 9,042
54 NONCURRENT ASSET CHARGE - 8% 27,662 34,300
55 RETURN LABOR-MANAGEMENT -32,082 -16,560
56 RETURN TO CAPITAL -13,929 4,798
57 ASSET TURNOVER RATIO .1166 .2326
58 OPERATING PROFIT MARGIN RATIO -.2337 .0280
59 % RETURN ON ASSETS -.0272 .0065
60 % RETURN ON EQUITY -.0456 -.0123
61 TOTAL EXPENSE RATIO .9657 .8351
62 ADJUSTED TOTAL EXPENSE RATIO 1.3221 1.0388
63 ECONOMIC TOTAL EXPENSE RATIO 1.8865 1.2920
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 104,746 106,462 173,534 182,635
65 NONCURRENT ASSETS 404,688 406,457 549,764 565,632
66 CURRENT LIABILITIES 30,395 31,287 63,093 67,034
67 NONCURRENT LIABILITIES 61,722 57,866 128,120 129,779
68 CURRENT RATIO 3.45 3.40 2.75 2.72
69 DEBT TO ASSET RATIO .18 .17 .26 .26
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY VALUE OF FARM PRODUCTION < 100,001 100,001 - 250,000
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 23,894 45,523
71 MACHINERY AND EQUIPMENT 20,677 44,924
72 MOTOR VEHICLES & LISTED PROPE 41,377 77,526
73 BUILDINGS 7,417 13,997
74 OWNED LAND 327,343 409,514
75 TOTAL ASSETS 511,176 735,783
76 NET WORTH 420,542 541,770
LABOR
77 NUMBER OF OPERATORS .67 .92
78 NUMBER OF WORKERS .73 1.12
79 TOTAL WORK DAYS 102 237
80 VALUE FARM PRODUCTION/WORKER 80,781 152,649
81 NET FARM INCOME/WORKER 2,775 25,165
PER OPERATOR BASIS
82 TOTAL ASSETS 758,164 793,120
83 VALUE OF FARM PRODUCTION 88,399 184,510
84 NET FARM INCOME 3,036 30,417
OTHER FACTORS
85 % CROP ACRES IRRIGATED 3.11 4.54
86 % TILLABLE LAND 49.73 57.62
87 CROP MACH COST/TOT EXPENSE(%) 34.14 31.54
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 759 357 471 312 455 272 1605 628 628 558 1120 587
89 NON-IRRIGATED CROP ACRES 388 336 238 278 291 221 899 617 326 534 689 552
90 IRRIGATED CROP ACRES 190 22 178 18 123 8 249 106 185 63 213 69
91 TOTAL CROP ACRES 401 336 250 278 295 221 938 619 348 534 711 555
92 PASTURE ACRES 475 267 297 235 353 161 866 477 386 398 699 371
93 FARMSTEAD ACRES 50 188 43 175 46 39 44 325 36 300 37 93
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 377 311 925 823
95 CROP MACHINERY INVESTMENT 49,503 131.20 159.36 102,822 111.17 124.89
96 CROP MACHINERY COST 19,649 52.08 63.25 45,090 48.75 54.77
97 GROSS CROP VALUE 54,880 138.53 168.26 150,053 160.43 180.22
98 CROP PRODUCTION COSTS 43,623 112.06 136.10 106,959 113.99 128.05
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 111 89 71 82.5 63 78.0 300 177 89 87.6 152 87.2
100 GRAIN SORGHUM 131 102 62 66.7 91 63.8 358 207 96 74.4 172 69.7
101 SOYBEANS 168 115 81 31.8 92 31.6 363 240 103 33.2 188 32.0
102 SUNFLOWERS 7 45 35 6.4 27 102 56 10.7 106 36.8
103 WHEAT 209 200 112 35.6 180 36.3 496 433 165 37.7 361 37.9
104 OTHER CROPS 21 62 61 41 49 63 30 75
105 ALFALFA 84 49 36 3.2 45 3.1 210 83 47 3.6 85 3.6
106 OTHER HAY & FORAGE 183 91 69 79 363 100 59 85
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 11 120 131 172.7 59 149 127 167.4 125 173.7
111 GRAIN SORGHUM 30 84 74 110.1 78 97.8
112 SOYBEANS 12 73 74 50.3 50 134 109 49.7 114 50.4
113 SUNFLOWERS 9 126 100 15.7
114 WHEAT 8 118 130 49.8 32 175 161 47.5 151 43.6
115 OTHER CROPS 5 148 124
116 ALFALFA 6 104 126 4.9 17 117 63 4.7 136 4.3
117 OTHER HAY & FORAGE 15 73 90 32
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 25 41
122 DAIRY COWS 2
123 EWES 2 1
124 SOWS 2
125 BEEF PURCH. FOR RESALE SALES 25 44
126 SWINE PURCH. FOR RESALE SALES 4
127 TURKEYS 1,285
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2005 DATA - KANSAS
INCOME AND EXPENSE ANALYSIS
SORTED BY VALUE OF FARM PRODUCTION 250,001 - 500,000 > 500,001
471 FARMS 253 FARMS
ITEM PER FARM PER FARM
1 BEEF 82,103 206,950
2 DAIRY AND MILK 19,287 44,199
3 SHEEP 477 -610
4 SWINE 6,204 62,041
5 POULTRY AND EGGS 2,554 441
6 OTHER LIVESTOCK -490 -916
7 CUSTOM FEEDING 2,063 38,917
8 FEED PURCHASED -23,872 -112,976
9 LIVESTOCK INCOME $ 88,326 $ 238,045
10 CORN 45,355 150,102
11 GRAIN SORGHUM 16,571 21,908
12 SOYBEANS 56,207 111,930
13 SUNFLOWERS 2,794 8,233
14 WHEAT 52,599 88,319
15 HAY AND FORAGE 11,056 18,893
16 OTHER CROP 3,826 15,583
17 GOVERNMENT PAYMENTS 51,713 108,148
18 CROP INSURANCE PROCEEDS 7,532 12,731
19 OTHER INCOME 15,177 46,534
20 VALUE OF FARM PRODUCTION $ 351,155 $ 820,425
21 HIRED LABOR 13,370 50,720
22 MACHINERY REPAIRS 25,974 51,127
23 IRRIGATION REPAIRS 854 3,673
24 BUILDING REPAIRS 2,310 4,726
25 INTEREST PAID 20,273 43,184
26 SEED-OTHER CROP EXPENSE 25,196 59,204
27 CROP INSURANCE 7,244 14,239
28 FERTILIZER-LIME 40,268 85,266
29 MACHINE HIRE 13,263 32,946
30 ORGANIZATION FEE, PUBLICATION 3,171 6,607
31 VET-MED-DRUGS 4,268 13,671
32 CROP STORAGE-MARKETING 1,826 5,305
33 LIVESTOCK MARKETING-BREEDING 3,050 13,370
34 DAIRY EXPENSE 1,702 3,133
35 GAS-FUEL-OIL 21,363 42,951
36 IRRIGATION ENERGY 4,415 14,363
37 REAL ESTATE TAXES 5,495 9,326
38 PERSONAL PROPERTY TAXES 899 1,823
39 GENERAL FARM INSURANCE 5,635 10,914
40 UTILITIES 5,250 11,754
41 CASH FARM RENT 22,928 51,368
42 HERBICIDE-INSECTICIDE 20,347 43,872
43 CONSERVATION 601 1,575
44 AUTO EXPENSE 975 1,163
45 TOTAL OPERATING EXPENSE $ 250,676 $ 576,282
46 DEPRECIATION-MACHINERY 27,508 59,963
47 DEPRECIATION-BUILDINGS 2,597 8,963
48 TOTAL FARM EXPENSE $ 280,782 $ 645,208
49 NET FARM INCOME $ 70,374 $ 175,218
50 UNPAID FAMILY LABOR 2,374 2,926
51 UNPAID OPERATOR LABOR 29,557 37,469
52 MANAGEMENT CHARGE 17,540 40,057
53 CURRENT ASSET CHARGE - 8% 15,164 29,781
54 NONCURRENT ASSET CHARGE - 8% 47,755 83,396
55 RETURN LABOR-MANAGEMENT 5,080 59,115
56 RETURN TO CAPITAL 41,176 137,950
57 ASSET TURNOVER RATIO .3054 .3716
58 OPERATING PROFIT MARGIN RATIO .1173 .1681
59 % RETURN ON ASSETS .0358 .0625
60 % RETURN ON EQUITY .0266 .0670
61 TOTAL EXPENSE RATIO .7996 .7864
62 ADJUSTED TOTAL EXPENSE RATIO .9405 .8845
63 ECONOMIC TOTAL EXPENSE RATIO 1.1197 1.0224
ASSETS/LOANS/FINANCIAL RATIOS JANUARY 1 DECEMBER 31 JANUARY 1 DECEMBER 31
64 CURRENT ASSETS 308,128 335,969 709,916 773,018
65 NONCURRENT ASSETS 813,846 841,812 1,429,978 1,502,550
66 CURRENT LIABILITIES 128,233 136,759 361,968 376,430
67 NONCURRENT LIABILITIES 222,529 239,256 413,243 434,389
68 CURRENT RATIO 2.40 2.46 1.96 2.05
69 DEBT TO ASSET RATIO .31 .32 .36 .36
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2005 DATA - KANSAS
ANALYSIS OF THE FARM BUSINESS
SORTED BY VALUE OF FARM PRODUCTION 250,001 - 500,000 > 500,001
AVERAGE ASSET & NET WORTH VALUES
70 BREEDING LIVESTOCK 62,908 85,321
71 MACHINERY AND EQUIPMENT 87,080 181,634
72 MOTOR VEHICLES & LISTED PROPE 137,558 273,744
73 BUILDINGS 25,392 89,453
74 OWNED LAND 559,963 876,852
75 TOTAL ASSETS 1,149,878 2,207,731
76 NET WORTH 786,489 1,414,716
LABOR
77 NUMBER OF OPERATORS 1.09 1.38
78 NUMBER OF WORKERS 1.62 3.01
79 TOTAL WORK DAYS 438 805
80 VALUE FARM PRODUCTION/WORKER 215,638 272,113
81 NET FARM INCOME/WORKER 43,215 58,115
PER OPERATOR BASIS
82 TOTAL ASSETS 1,050,412 1,590,874
83 VALUE OF FARM PRODUCTION 320,780 591,192
84 NET FARM INCOME 64,286 126,261
OTHER FACTORS
85 % CROP ACRES IRRIGATED 8.52 14.19
86 % TILLABLE LAND 66.66 73.63
87 CROP MACH COST/TOT EXPENSE(%) 31.12 26.00
ACRES TOTAL CNT OWNED CNT RENTED CNT TOTAL CNT OWNED CNT RENTED CNT
88 TOTAL ACRES 2342 471 825 412 1682 460 3500 253 1438 199 2539 244
89 NON-IRRIGATED CROP ACRES 1453 463 468 398 1090 446 2287 249 871 194 1683 238
90 IRRIGATED CROP ACRES 418 150 201 87 370 122 881 105 443 61 683 96
91 TOTAL CROP ACRES 1585 464 510 400 1184 449 2619 249 1010 194 1900 240
92 PASTURE ACRES 1031 341 449 276 854 278 1468 167 611 123 1440 125
93 FARMSTEAD ACRES 66 246 54 220 65 69 155 118 145 103 110 31
CROP VALUE, COSTS, ACRES TOTAL PER CROP ACRE PER HARV.ACRE TOTAL PER CROP ACRE PER HARV.ACRE
94 ACRES 1562 1496 2577 2577
95 CROP MACHINERY INVESTMENT 195,676 125.31 130.77 391,137 151.76 151.77
96 CROP MACHINERY COST 87,367 55.95 58.39 167,745 65.09 65.09
97 GROSS CROP VALUE 321,646 202.92 211.77 669,420 257.69 257.69
98 CROP PRODUCTION COSTS 218,016 138.14 144.16 469,650 180.79 180.79
NON-IRRIGATED ACRES AVE. OWNED RENTED AVE. OWNED RENTED
CNT ACRES ACRES YIELD ACRES YIELD CNT ACRES ACRES YIELD ACRES YIELD
99 CORN 318 308 142 95.8 247 92.4 196 675 317 98.9 500 97.9
100 GRAIN SORGHUM 277 288 127 77.4 248 72.9 118 474 250 74.1 389 75.9
101 SOYBEANS 316 467 174 56.7 369 33.7 160 827 356 37.0 612 35.9
102 SUNFLOWERS 40 145 100 15.0 136 13.9 30 289 267 15.2 205 13.6
103 WHEAT 389 609 210 38.8 500 38.5 213 866 353 40.8 704 39.8
104 OTHER CROPS 38 120 104 83 20 319 251 277
105 ALFALFA 174 122 66 3.8 120 3.9 75 144 90 4.0 131 4.7
106 OTHER HAY & FORAGE 254 177 98 142 133 204 119 172
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 119 256 127 168.9 238 173.0 92 565 306 181.1 451 190.3
111 GRAIN SORGHUM 26 105 79 100.8 103 108.6 16 177 132 91.3 157 99.7
112 SOYBEANS 90 160 93 49.0 154 51.2 69 265 183 57.0 235 55.3
113 SUNFLOWERS 24 141 106 20.0 118 18.6 15 266 204 17.3 212 22.4
114 WHEAT 49 170 149 45.0 138 43.3 42 216 152 41.9 195 51.2
115 OTHER CROPS 10 124 79 105 9 286 208 307
116 ALFALFA 18 149 99 4.9 163 4.4 13 176 112 6.1 159 5.3
117 OTHER HAY & FORAGE 29 103 113 60 20 146 209 70
118 VEGETABLES
119 TRUCK CROPS
120 FRUIT - FLOWERS - TREES
AVERAGE LIVESTOCK INVENTORIES AND SALES
121 BEEF COWS 52 48
122 DAIRY COWS 5 10
123 EWES
124 SOWS 5 19
125 BEEF PURCH. FOR RESALE SALES 97 350
126 SWINE PURCH. FOR RESALE SALES 31 76
127 TURKEYS 1,229 265
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