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July 18, 2012
Cash Prices & Marketing Strategies
Livestock Marketing Information Center
ii June 2012
Future Patterns … R., Ag Marketing Resource Center, Iowa State University.
Billion …
account for ownership of the center pivot
sprinkler. The percentage …
December 1, 2003
Leasing Papers
and Presentations
new crops and/or rotations, center pivot
irrigation, hybrid … and is covered by tenant.
Contributor --- (L=Landlord, T=Tenant …
August 1, 2003
Farm Business and Transition Planning
Summary Book - All Counties
The 2012 Profit‐link Summary and Analysis information was processed from the farm records of participating Kansas
Farm Management Association members from 17 counties of Northwest Kansas. At this time the information is not complete
and a final analysis will be completed at a later date. The location of the participating members is shown in the map on page iii.
Ninety nine farms were summarized and represent 37% of the Farm Management Association, NW 2012 membership. The
Association Economists and staff of the KFMA, NW wish to say “thank you” to these families for their efforts in keeping records
complete enough for analysis and for sharing their data to be utilized in this summary. Additional appreciation is extended to
the Association support staff and the individuals at the KMAR‐105 Association for their part in this analysis work.
After the record net farm income of $440,621 recorded in 2011, the drought finally caught up to us, shown by a
decrease in net farm income. For the 99 farms in the summary, net farm income averaged $288,176. On page 3 you can see a
comparison of farms by net income quartile groups. The bottom 25% (24 farms) averaged $‐3,761 of net farm income, while the
top 25% (25 farms) averaged $777,230 of net farm income. The driving force behind the drop in 2012 average net farm income
was an increase of 17% in total farm expense from an average of $688,651 in 2011 to $830,311 on average in 2012. This increase
in total farm expense can be attributed mostly to crop expenses (seed, chemical, fertilizer, etc) and Economic Depreciation. The
value of farm production decreased only 1% from an average of $1,129,272 in 2011 to $1,118,488 on average in 2012.
With the exception of the wheat enterprises all fall crop yields were down due to drought. Non‐irrigated wheat yields
averaged between 45 and 50 bushels per acre while non‐irrigated corn and milo averaged 16 and 28 bushels per acre,
respectively. Non‐irrigated soybean yields averaged 6 bushels per acre. Irrigated corn yields were down from an average of 191
bushels per acre in 2011 to 179 bushels per acre in 2012. Irrigated soybeans averaged 55 bushels per acre. Irrigated wheat
yields in 2012 averaged 53 bushels per acre. Review the non‐irrigated enterprise summary that begins on page 17 and the
irrigated enterprise summary that begins on page 25.
Beef Cow‐calf operations that sell weaned calves and sell feeder calves experienced a decline in their Net Returns above
Variable cost in 2012 to $56.15 and $78.59 per cow compared with $119.38 and $176.02 in 2011 respectively. Gross income
changed little from 2011 to 2012 leaving Total Expense increases the source of Net Return declines. The largest item of expense
that increased was feed. Feed cost for Cow‐calf operators increased from $381.67 in 2011 to $431.95 in 2012, some 13.2%.
Higher feed cost per unit and drought driven increased consumption to offset pasture shortages were major contributors to the
feed cost increase.
Again we stress that the information at this time is only preliminary. We will release finalized information later this
summer. We hope you will find the information useful and insightful for evaluating the KFMA, NW members in general and your
farm in particular. If you want to know more about how your farm compares to similar farms, and you are currently not a
member of the Farm Management Association, NW, consider giving us a call. We are taking applications for membership in all of
the KFMA, NW area.
Sincerely,
…
April 12, 2024
International Grain Markets
corn, particularly in the Center-West region. Currently, around …
October 1, 2015
USDA METSS Project