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Displaying 4041 - 4050 of 4117
Summary Book - All Counties
Labor & Management $63,750
Livestock Value Produced $39,359
Value … 19
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 -102
Lvstk Gov Payments7 … 13,451
Feed Purchased9 -19,230
Livestock Value Produced10 $39,359
Corn11 …
Summary Book - All Counties
the net worth in machinery, livestock, grain,
feeds, and current-intermediate … Current Assets
Total value of livestock, supplies, crops, feed and … represent an approximation of market
value of motorized equipment …
Summary Book - All Counties
amp; Management $ 155,762
Livestock Value Produced $ 39,347
Value … 29
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 318
Lvstk Gov Payments7 … 1,969
Feed Purchased9 -15,746
Livestock Value Produced10 $39,347
Corn11 …
County Summary
38
Livestock Enterprise Reports … 14,901
Sheep3
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 1,218
Custom Feeding7 … 3,715
Feed Purchased8 -43,888
Livestock Value Produced9 $112,880
Corn10 …
Executive Summary
1,106 1,196
Value of Livestock Produced 101,444 104,912 … agreements and influence domestic markets.
Strong yields in many … due to
excessive moisture. Livestock producers experienced weather …
County Summary
38
Livestock Enterprise AnalysisLivestock Enterprise Comparison (NW … 47
Livestock Enterprise Comparison (State … 9,961
Sheep3
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 1,017
Custom Feeding7 …
County Summary
40
Livestock Enterprise AnalysisLivestock Enterprise Comparison (NW … 49
Livestock Enterprise Comparison (State … 4,882
Sheep3
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 3,036
Lvstk Gov …
Summary Book - All Counties
declined 7.3% or $51,054 due to market price reductions
during … page 52.
Beef cattle livestock operations are the onlylivestock enterprises summarized in … compared with recent years.
Market prices declined to to the …
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 sell weaned calves experienced a positive $132 net return above variable cost in 2015.
Cattle prices were still historically high in 2015, but nothing compared to the end of 2014 and with the nation’s cow herd in
expansion, it is fairly safe to say the cattle market is on a downturn. Feed cost for cow‐calf operators decreased from $545.65
in 2014 to $500.02 in 2015 which will become more and more important for cattle producers to control feed and non‐feed
costs to maintain positive returns.
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,
Mark A. Wood …