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Displaying 2971 - 2980 of 3015
Irrigated Corn
Proceeds 22,389.11
-4,753.36Grain Futures -1,764.76
$25,070.09 … 37.170.2325,343.31
2,071.93 0.02 3.63Fees, Publications, Travel 4.430.033,021.15
14,577.62 … 69.880.4447,648.17
2,082.00 0.02 3.65Crop Storage & Marketing 3.340.022,275.99
870.01 …
Irrigated Soybeans
Proceeds 8,773.82
-220.38Grain Futures
$10,471.24 0.95 … 20.700.425,225.48
530.00 0.05 2.63Fees, Publications, Travel 1.990.04502.49
3,656.74 … 54.541.1013,769.62
44.50 0.00 0.22Crop Storage & Marketing 1.350.03341.38
279.92 0.03 …
Irrigated Wheat
Proceeds 2,245.22
295.81Grain Futures -341.30
$9,679.97 … 6.680.151,761.33
436.43 0.04 2.00Fees, Publications, Travel 2.170.05570.71
4,201.89 … 40.730.9310,733.24
359.58 0.03 1.65Crop Storage & Marketing 3.650.08961.18
160.83 0.01 …
Irrigated Soybeans
Proceeds 3,319.58
-981.27Grain Futures -215.16
$9,477.56 … 16.630.403,236.35
653.30 0.07 2.94Fees, Publications, Travel 3.640.09707.93
4,916.68 … 35.210.856,851.45
158.88 0.02 0.71Crop Storage & Marketing 0.570.01110.18
255.84 0.03 …
Irrigated Corn
Proceeds 12,879.70
-3,297.53Grain Futures -1,365.06
$21,891.93 … 27.730.1912,194.78
1,712.21 0.02 3.51Fees, Publications, Travel 4.440.031,950.39
12,142.52 … 59.130.4126,000.06
1,500.26 0.02 3.08Crop Storage & Marketing 2.350.021,032.45
703.99 …
Irrigated Corn
Proceeds 9,326.82
847.19Grain Futures -3,628.60
$33,541.06 … 7.860.072,474.09
1,656.50 0.02 2.84Fees, Publications, Travel 5.750.051,810.32
11,943.10 … 49.220.4215,489.05
1,159.71 0.01 1.99Crop Storage & Marketing 0.120.0037.69
544.45 0.01 …
Summary Book - All Counties
operations fought a disrupted market chain in 2020 driving prices … Integrated tax planning, marketing and asset investment strategies … Values updated to a "Modified" Market Value …
Summary Book - All Counties
85,345 per farm average 2019 Market Facilitation Program payment … 8
Market Facilitation Program Explanation … Produced9 $96,106
Corn10 505,857
Grain Sorghum11 57,795
Soybeans12 …
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 above average across the association in 2017. Dryland wheat had a wide range of yields
from completely hailed to 80 bushels per acre (bu/ac), and an overall average of 40.6 bu/ac. Most of the association found
rainfall to be above average and timely for the year which was great for corn. Dryland corn averaged 104.6 bu/ac and
irrigated corn averaged 202.5 bu/ac, which were key factors in the net farm income for the association. The weather was
great for corn but the cool, wet portions of the fall made it hard for dryland milo to finish and only yielded 79.6 bu/ac.
Soybean yields were more varied amongst the fall crops because of the geographic area covered. The eastern portion of our
association was on the outskirts of the central Kansas drought and more dryland soybeans are planted in that area. Overall,
dryland soybeans averaged 30.6 bu/ac and irrigated soybeans averaged 61.7 bu/ac. Hay production was good as well and
alfalfa yielded 3.72 ton to the acre. See page 39 for more details on the dryland crop enterprises, page 53 for irrigated crop
enterprises, and page 63 for the feed crop enterprises.
Cattle operations experienced positive returns primarily due to an upward moving feeder cattle market; however,
cull cow …
Summary Book - All Counties
The 2014 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 twenty‐three farms were summarized and represent 49% of the Farm Management
Association, NW 2014 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 lower net farm income of $35,791 recorded in 2013, net farm income for 2014 did improve even with the
continued drought. For the 123 farms in the summary, net farm income averaged $108,532. On page 6 you can see a
comparison of farms by net income quartile groups. The bottom 25% (30 farms) averaged $‐158,517 of net farm income, while
the top 25% (31 farms) averaged $431,829 of net farm income. The driving force behind the increase in 2014 average net farm
income was an increase of 10.1% in value of farm production from an average of $833,732 in 2013 to $917,918 on average in
2014. This increase in value of farm production can be attributed mostly to higher yields and higher cattle prices. Total expense
increased 1.4% from an average of $797,941 in 2013 to $809,387 on average in 2014.
With the exception of the irrigated corn enterprise, all fall crop yields improved in spite of the continuing drought. Non‐
irrigated wheat yields averaged between 29 and 32 bushels per acre while non‐irrigated corn and milo averaged 71 and 72
bushels per acre, respectively. Non‐irrigated soybean yields averaged 14 bushels per acre. Irrigated corn yields were down from
an average of 195 bushels per acre in 2013 to 177 bushels per acre in 2014. Irrigated soybeans averaged 63 bushels per acre.
Irrigated wheat yields in 2014 averaged 52 bushels per acre. Review the non‐irrigated enterprise summary that begins on page
23 and the irrigated enterprise summary that begins on page 49.
Beef Cow‐calf operations that sell weaned calves experienced an improvement in their Net Returns above Variable cost
in 2014 to $516.46 per cow compared with $100.70 in 2013. This was due to higher market prices and the help of the Livestock
Forage Disaster Program. Feed cost for Cow‐calf operators decreased from $598.93 in 2013 to $545.65 in 2014.
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,
…