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Displaying 3301 - 3310 of 3389
Brome Hay
HAY
98Number of Farms 54
116Crop Acres 78
31Acres Owned 23
86Acres … 8.056.09630.60
50.82 0.22 0.44Seed/Other Crop Expense 0.520.3940.83
4,013.25 … 6.765.12529.90
176.98 0.76 1.52Fees, Publications, Travel 2.001.52157.08
1,483.75 …
Brome Hay
HAY
60Number of Farms 21
144Crop Acres 82
35Acres Owned 22
109Acres … 10.768.97884.37
65.12 0.22 0.45Seed/Other Crop Expense 0.410.3534.04
4,926.00 … 9.898.25813.59
238.27 0.80 1.66Fees, Publications, Travel 2.552.13210.02
1,995.28 …
Brome Hay
HAY
35Number of Farms 28
76Crop Acres 80
26Acres Owned 27
50Acres … 6.424.36513.89
17.12 0.13 0.23Seed/Other Crop Expense 0.620.4249.65
2,673.40 … 3.252.21260.29
81.18 0.61 1.07Fees, Publications, Travel 1.731.17138.42
669.44 …
Prairie Hay
HAY
11Number of Farms 9
118Crop Acres 84
35Acres Owned 19
83Acres … 1.742.24147.23
74.28 0.51 0.63Seed/Other Crop Expense 3.134.02264.22
158.24 … 1.852.38156.68
76.82 0.53 0.65Fees, Publications, Travel 0.450.5837.88
1,065.17 …
Summary Book - All Counties
The Kansas Farm Management Association located in Northwest Kansas has been producing a subset analysis
summary report that includes data from Norton, Graham, Trego, Ness, Phillips, Rooks, Ellis, and Rush Counties over the past
few years. An important reason for this “subset” analysis of 33 farms of the 123 in the entire 2014 KFMA, NW summary is to
provide data and reports that are representative of farms in the counties listed. Farms in “western” Northwest Kansas are
usually larger in acreage and also use irrigation farming. That creates a situation where the whole farm and enterprise data
from western counties has limited value to eastern counties, and also the other way around. The table below highlights four
areas of comparison:
Income Measures include Value of Farm
Production, which is an adjusted accrual gross revenue
with cash feed costs subtracted. Net Farm Income on
the accrual basis includes Value of Farm Production
minus cash expenses and management depreciation.
The management depreciation used is NOT tax
depreciation, but rather an economic depreciation that
is intended to reflect actual economic cost of ownership
and use over time.
Financial Measures include the rate of return
on assets and equity. Net return to capital (NFI minus
Operator Labor charges) is divided into average assets
and equity. Note that in the west and east columns the
% return on Assets is slightly larger than equity. This
means the farms in the analysis are earning a lower
return on borrowed money than the cost of the money.
Current ratios declined in 2014 from 2013, but are still
strong. Debt to Asset ratio remains low and very
strong.
Measures of Size and Intensity are simply a
measure of the acres on these farms and cropping
(harvesting) intensity. Also the number of beef cows on
average that these regions operated.
Labor Efficiency is a measure of how intensely the farms are utilizing their hired and operator labor. The number of
workdays on a farm is also a measure of size. Western farms by work days are 29% larger on average than the Eastern farms in
the analysis. Western farms seem to crank out more VFP and NFI per workday which implies an increase in labor efficiency.
We hope you will find the information in this “Eastern Counties” Summary and Analysis useful and insightful for
evaluating the KFMA, NW members in general and your farm in particular. If 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,
…
County Summary
The Kansas Farm Management Association located in Northwest Kansas has been producing a subset analysis
summary report that includes data from Norton, Graham, Trego, Ness, Phillips, Rooks, Ellis, and Rush Counties over the past
few years. An important reason for this “subset” analysis of 33 farms of the 123 in the entire 2014 KFMA, NW summary is to
provide data and reports that are representative of farms in the counties listed. Farms in “western” Northwest Kansas are
usually larger in acreage and also use irrigation farming. That creates a situation where the whole farm and enterprise data
from western counties has limited value to eastern counties, and also the other way around. The table below highlights four
areas of comparison:
Income Measures include Value of Farm
Production, which is an adjusted accrual gross revenue
with cash feed costs subtracted. Net Farm Income on
the accrual basis includes Value of Farm Production
minus cash expenses and management depreciation.
The management depreciation used is NOT tax
depreciation, but rather an economic depreciation that
is intended to reflect actual economic cost of ownership
and use over time.
Financial Measures include the rate of return
on assets and equity. Net return to capital (NFI minus
Operator Labor charges) is divided into average assets
and equity. Note that in the west and east columns the
% return on Assets is slightly larger than equity. This
means the farms in the analysis are earning a lower
return on borrowed money than the cost of the money.
Current ratios declined in 2014 from 2013, but are still
strong. Debt to Asset ratio remains low and very
strong.
Measures of Size and Intensity are simply a
measure of the acres on these farms and cropping
(harvesting) intensity. Also the number of beef cows on
average that these regions operated.
Labor Efficiency is a measure of how intensely the farms are utilizing their hired and operator labor. The number of
workdays on a farm is also a measure of size. Western farms by work days are 29% larger on average than the Eastern farms in
the analysis. Western farms seem to crank out more VFP and NFI per workday which implies an increase in labor efficiency.
We hope you will find the information in this “Eastern Counties” Summary and Analysis useful and insightful for
evaluating the KFMA, NW members in general and your farm in particular. If 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,
…
Summary Book - All Counties
57-63
Analysis Factors by Crop Acres … PRODUCTION COMPARISON
Total Crop Acres 1,748
Percent ofCrop Acres Irrigated 34.21%
Total … 506
Machinery Investment/Crop Acre $287.22
Machinery …
February 12, 2021
Meat Demand Research Studies
alternatives. Given the current market penetration of
plant-based … development and are not
yet on the market. The project provides a … retail
and food service market channels.
The full project …
Summary Book - All Counties
ultural Econom
nds,
Summary and A
n members fro
One hundred s
ership. The Ass
eping records c
ation is extend
work.
farm income o
come. For the
net income qu
averaged $278
5% in value of
of farm produc
age of $830,31
f the wheat en
eraged betwee
. Non‐irrigated
re in 2012 to 1
averaged 30 b
e summary tha
ions that sell w
ompared with $
from $431.95
n 2013.
d the informat
t to know more
ment Associati
Clint Milliman
mists
Analysis inform
om 17 counties
sixteen farms w
sociation Econ
complete enou
ed to the Asso
f $440,621 rec
e 116 farms in t
uartile groups.
8,776 of net far
farm productio
ction can be att
1 in 2012 to $7
nterprises, all f
en 20 and 22 b
d soybean yield
195 bushels pe
bushels per acr
at begins on pa
weaned calves
$58.79 in 2012
in 2012 to $59
ion useful and
e about how y
ion, NW, consi
mation was pro
s of Northwest
were summari
omists and sta
ugh for analysis
ociation suppor
corded in 2011
the summary,
The bottom 2
rm income. Th
on from an ave
tributed mostl
797,941 on ave
all crop yields
ushels per acre
ds averaged 6
r acre in 2013.
re. Review the
age 37.
experienced a
2. This was acc
98.93 in 2013. H
insightful for e
our farm comp
der giving us a
Shane Ruff
ocessed from t
t Kansas. The lo
ized and repre
aff of the KFMA
s and for sharin
rt staff and the
1, the continuin
net farm incom
25% (29 farms)
he driving force
erage of $1,11
ly to lower cro
erage in 2013.
improved sligh
e while non‐irr
bushels per ac
. Irrigated soyb
e non‐irrigated
an improvemen
complished eve
High valued fe
evaluating the
pares to simila
a call. We are t
…