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October 10, 2024
Kansas Landowners Conference
Grain Market Reports Crop Production, WASDE, Stocks, …
F. Final …
April 21, 2025
Ag Law Issues
issue – the business of
production agriculture has gotten more …
August 1, 2025
Breakout Sessions
diversity • Decreases forage productivity• Changes pre-existing wildlife …
August 1, 2025
Breakout Sessions
November 10, 2025
Ag Law Issues
Preserves farmland, livestock
production, and open space.
Minimum …
October 4, 2011
Agribusiness Papers
son Foods reported an increase of 14.5% in the first nine months of fiscal 2011
compared to fiscal 2010.4 These increases in agri‐food and agribusiness companies’ net incomes have
come from modest volume increases and significant price increases. For example, Tyson Foods saw a
volume increase of about 2.1% across all its products compared to an 11.4% increase in prices in the first
months of 2011.
The U.S. farm sector is expected to have some stellar performance this year, similar to the agri‐food and
agribusiness companies. The Economic Research Service of the USDA forecasts a 19.8% increase in net
farm income (the entrepreneurial earnings of producers) to $94.7 billion in 2011 compared to 2010.5
Net cash incomes (i.e., income earned to settle expenses and debt) are forecast to increase by about 8%
over the same period while the net value added of agriculture to the U.S. economy in 2011 is forecast to
be the second‐highest in the past 35 years.
Agriculture and agri‐food sectors are not the only ones seeming to do well. Other industries, such as
financial services and basic metals, have seen net profit margin increases of 10.4% and 13.6%
respectively while that of consumer goods and industrial goods have increased by respectively 6.5% and
5.8%. Individual companies and industries are doing so well that U.S. companies are reputed to be
sitting on more than $2 trillion in cash. The top‐20 S&P companies account for 70% of this cash
reserve.6
1 …
April 26, 2018
Land Use Value Research, Land Rental
Rates
CRD). Because irrigated crop
production in Kansas is largely confined … are capable of shifting
production risk to producers, and tenants … landlord does not
pay any production expenses. Although the landlord …
April 1, 2022
Land Use Value Research, Land Rental
Rates
CRD). Because irrigated crop
production in Kansas is largely confined … landowners are capable of shifting production risk to producers, and tenants … sorghum were the other crops in production in the Northwest. Most of …
May 1, 2014
Production Publications
www.AgManager.info 3
even with this approach to smooth across weather events, likely the returns are influenced
somewhat due to weather given the extreme variability experience across the state over this time
period (e.g., there was tremendous variability in wheat yields in 2013 from west to east in wheat
yields due to weather conditions).
Aggregation of a number of the income and expense categories reported in the KFMA
enterprise reports allows for easier comparisons. Crop income was calculated for each farm‐year
by multiplying the yield by the operator percentage and the commodity price. Gross income
included crop income plus any government payments, crop insurance payments, and any other
type of miscellaneous income directly related to the production of the specific crop. Machinery
costs were the summation of general machinery repairs, machinery hire net of custom work, fuel,
gas, oil, market depreciation, and machinery‐related labor costs. Other costs were the summation
of fees, grain storage and marketing, personal property tax, general farm insurance, utility
expense, conservation, and auto‐expense. Land costs were the summation of cash rent, real estate
taxes, and an opportunity cost on owned land (calculated based on a percentage of the crop times
an average market price).
The following is a brief discussion of the analysis for each of the different enterprises
included. It is important to recognize that in some cases these analyses are based on relatively
small samples (e.g., alfalfa, irrigated corn, and double‐crop soybean) and thus that should be
considered when reviewing results. Nonetheless, it is believed that analyzing these data still can
provide some useful information as to profitability differences.
Non‐irrigated Corn (Table 1)
On average, high‐profit farms earned $149.62 per acre more profit than the low‐profit
farms and $75.13 per acre more than the mid‐profit farms. Prices were similar for high‐ and mid‐
profit farms and slightly lower for low‐profit farms ($5.89 and $5.87 versus $5.76) and averaged
$5.84 per bushel across all farms. Yields were relatively low for all three groups, but followed the
same pattern as profit groupings, i.e., high‐profit farms had the highest yield and low‐profit farms
had the lowest yield. All three profit groups had a substantial part of their income from crop
insurance (averaged almost $110 per acre for all three groups). Gross income was $144.43 per
acre higher for the high‐profit farms compared to the low‐profit farms. Mid‐profit farms had
$52.49 per acre lower gross income than high‐profit farms. Total costs were relatively consistent
across the three groups, ranging from a low of $422.38 (high‐profit farms) to a high of $445.03
(mid‐profit farms). The difference between the high‐ and low‐profit farms was only $5.20 per acre.
The two biggest cost differences between the high‐ and low‐profit farms were machinery and land.
High‐profit farms had $18.35 per acre lower machinery costs, but $23.21 per acre higher land
costs. The mid‐profit farms had the highest costs of the three groups.
Because the high‐ and low‐profit farms had similar costs, almost all of the profit difference
between these two groups was due to income differences (96.5% of difference due to income and
3.5% due to costs). Crop income can vary due to yield, price, and operator percentage. Comparing
the high‐ versus low‐profit farms most of the difference is due to yield and the least amount is due
to price. Higher operator percentages are an indication of either owned or cash rented land and
thus we would expect higher land costs in this situation. The high‐ and mid‐profit farms have
comparable operator percentages (89.0% and 88.8%) and they have similar land costs. The low‐
profit farms have a lower operator percentage (82.3%) and a comparably lower land cost (i.e., they
give up some of the bushels in lieu of paying rent). High‐profit farms had the highest acreage with …
November 8, 2016
Water Policy
maintaining/expanding the production of higher valued
crops and … converting to nonirrigated production. Burness and Brill (2001 … yield) less variable costs of production
(fertilizer, seed, herbicide …