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September 2, 2022
Ag Law Issues
“established securities market.” Under this provision … same timeframe for cover cropping,
nutrient management, and … be as
good. Also, while crop prices are good for Midwest …
Summary Book - All Counties
May 1, 2018
Dear Farm Managers and Friends,
The 2017 ProfitLink Summary information processed farm financial records for participating Kansas Farm
Management Association, NW members from 17 counties in northwest Kansas; the map on page 3 shows the counties where
participating members farm and ranch. One hundred thirty‐five (135) farms were summarized and represent 54% of the 2017
KFMA, NW membership. The KFMA economists and staff express thanks to the farm families for their participation and
record keeping to be utilized in the summary. Additional appreciation is extended to the individuals at the KMAR‐105
Association for their help in accumulating the data.
Net farm income increased greatly in 2017 to $94,071 compared to the two low income years in 2015 and 2016.
Although the average net farm income was positive, many operations are still experiencing decreasing liquidity and carryover
debt. There is also a great variance of income across farms in the association and page 19 has a comparison of farms by net
farm income quartile groups. The bottom 25% (33 farms) averaged ‐$146,201 net farm income (loss), while the top 25% (34
farms) averaged $450,929 net farm income. Value of farm production increased 16.8% from an average of $760,276 in 2016
to an average of $913,916 in 2017. Total expense increased 7.6% from an average of $757,379 in 2016 to $819,845 in 2017.
Crop yields were average to a …
Summary Book - All Counties
May 1, 2016
Dear Farm Managers and Friends,
The 2015 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. The location of the participating members is
shown in the map on page 3. One hundred fifty‐three (153) farms were summarized and represent 61% of the Farm
Management Association, NW 2015 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 a good 2014 year with net farm income of $108,532, 2015 took a downhill slide to a net farm income of
$(2,971). After 66 analysis years, this is only the fifth year in the history of KFMA, NW to post a negative net farm income
following 1953, 1956, 1981, and 2002. Although the average net farm income was a small negative, there is a variation of
income across farms. On page 6 you can see a comparison of farms by net income quartile groups. The bottom 25% (39
farms) averaged $‐202,117 of net farm income, while the top 25% (38 farms) averaged $183,650 of net farm income. The
driving force behind the decrease in 2015 average net farm income was a decrease of 21% in value of farm production from
an average of $917,918 in 2014 to only $722,590 in 2015. Total expense also decreased in 2015 to $725,561 but not enough
to avoid a loss on the year.
Although net farm income was negative, crop yields were better in 20 …
Executive Summary
information on a statewide basis. Historical data for
years … 47,280 $6,930 $65,037
Crop Dryland 630 116,176 111,064 … 56,368 59,772 8,451 70,366
Crop 20-60% Irrigated 81 147,252 …
Breakout Sessions
Management
Managing Income –↓ Income
1. Defer crop insurance (AF)• Available if proceeds received in year of production• … Applies to breeding stock or market animals• Must be in a Federally declared disaster area• … Replacements must be purchased within 2 years (4 years if in a declared disaster area)• Basis of replacements is reduced by amount deferred
Farm …
Summary Book - All Counties
28-31
Crop Profit Center Analysis … gt;Integrate tax planning,
marketing, and asset … Payments Livestock Income Crop/Misc Income
5
Average …
May 1, 2003
Livestock & Meat Demand
this same result. To gain market share in the EU, if U.S … most potential for gaining market
share. In fact, our results … potential for substantial market
share in all three countries …
Executive Summary
a statewide and regional basis. Historical data
for years … 173,660
GOVERNMENT PAYMENTS & NET CROP INSURANCE PROCEEDS
2021 … 2.7 % 22.3 % 15.3 %
Net Crop Insurance2/Farm $ 244,461 …
Summary Book - All Counties
85,345 per farm average 2019 Market Facilitation Program payment … experiencing financial distress.
Crop yields were scattered as … wheat was very good, fall crops were average to above, and …
Summary Book - All Counties
farm” and “per count” basis:
Per Farm: Represents the … various kinds of livestock and crop income values are computed … for
other livestock and crop items are computed by the …