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Summary Book - All Counties
Income
The various kinds of livestock and crop income values are … accrual method. For example,
beef income is computed as follows … as follows:
Total Year Beef Sales $99,205
Ending …
Summary Book - All Counties
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May 9, 2014
ear Farm Man
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Mark A. Wood
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…
Summary Book - All Counties
24
Livestock Profit Center Analysis … gt;Integrate tax planning,
marketing, and asset … 1986-2015
Govt. Payments Livestock Income Crop/Misc Income
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
1986 …
Detailed Cost - Farm Type
EXP. LIVESTOCK _____________CROPS … 1.39 1.42
CROP STOR-MARKETING 1,448 187 … 2,560 2,560
LVSTK MARKET-BREED 2,029 …
Detailed Cost - Farm Type
INVENTORY NON-CASH TOTAL LIVESTOCK TOTAL PER CROP PER … 1.18 1.22
CROP STOR-MARKETING 2,420 362 … 2,187 2,187
LVSTK MARKET-BREED 1,900 …
Summary Book - All Counties
67
IV. LIVESTOCK ENTERPRISE ANALYSISLivestock Enterprise Comparison, (Table … 72
Historical Beef Demand Index (1991-2012 … 73
Beef Cow Herd, Sell Weaned Calves …
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 2015 than 2014. Dryland wheat averaged 35
bushels per acre while dryland corn and milo averaged 83 and 77 bushels per acre, respectively. Dryland soybean yields
averaged 20 bushels per acre. Irrigated corn yields were up to an average of 210 bushels per acre and irrigated soybeans
averaged 61 bushels per acre. Irrigated wheat yields in 2015 averaged 58 bushels per acre and irrigated milo average 109
bushels per acre. Review the non‐irrigated enterprise summary that begins on page 25 and the irrigated enterprise summary
that begins on page 57 for more details.
Beef cow‐calf operations that …
Detailed Cost-Farm Type
INVENTORY NON-CASH TOTAL LIVESTOCK TOTAL PER CROP PER … 24 .24
CROP STOR-MARKETING 1,847 798 … 1,977 1,977
LVSTK MARKET-BREED 1,367 …
Detailed Cost-Farm Type
EXP. LIVESTOCK _____________CROPS … 07 .07
CROP STOR-MARKETING 1,183 57 … 3,023 3,023
LVSTK MARKET-BREED 3,773 …