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August 1, 2003
Farm Business and Transition Planning
products,
production practices marketing methods, and other highlights … a commodity or specialty market? What is the status of
“our” … products or services, target markets, and
work force composition …
Annual Book
13
--Crop Value and Cost Trends, 2001-2010 … 14
--Crop Net Return Comparison, 2005-2010 … 26
--Crop Value and Cost Trends, 2001-2010 …
Summary Book - All Counties
…
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,
…
Annual Book
13
--Crop Value and Cost Trends, 2000-2009 … 14
--Crop Net Return Comparison, 2004-2009 … 26
--Crop Value and Cost Trends, 2000-2009 …
County Summary
and Forage16 8,114
Other Crop17 4,239
Government Payments18 … 4,239
Government Payments18 59,903
Crop Insurance Proceeds19 8,154
Machine … Repairs26 7,700
Seed/Other Crop Expense27 164,990 …
County Summary
and Forage16 -1,526
Other Crop17 2,492
Government Payments18 … 2,492
Government Payments18 59,402
Crop Insurance Proceeds19 63,602
Machine … Repairs26 8,814
Seed/Other Crop Expense27 97,893 …
County Summary
and Forage16 9,922
Other Crop17 3,881
Government Payments18 … 3,881
Government Payments18 56,405
Crop Insurance Proceeds19 28,362
Machine … Repairs26 9,681
Seed/Other Crop Expense27 70,199 …
County Summary
and Forage16 9,874
Other Crop17 80
Government Payments18 … 80
Government Payments18 55,370
Crop Insurance Proceeds19 76,117
Machine … Repairs26 4,503
Seed/Other Crop Expense27 166,939 …
County Summary
and Forage16 14,823
Other Crop17 597
Government Payments18 … 597
Government Payments18 54,668
Crop Insurance Proceeds19 14,076
Machine … Repairs26 2,404
Seed/Other Crop Expense27 70,836 …