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Non-Irrigated Double-Crop Soybeans
DOUBLE CROP SOYBEANS
Low 1/3Mid 1/3High … 18 %53.6344.12Seed/Other Crop Expense 52.29
-8.46 -100 … Oil 14.43
0.01 0 %0.000.01Crop Storage & …
Non-Irrigated Alfalfa
88 %52.416.23Seed/Other Crop Expense 21.83
2.42 288 %0.84 … 21.83
2.42 288 %0.843.26Crop Insurance 0.18
-12.25 -54 … Oil 21.32
0.00 0 %0.000.00Crop Storage & …
Cane Hay-Sudan
26 %21.9316.29Seed/Other Crop Expense 20.51
2.98 1,424 … 20.51
2.98 1,424 %0.213.19Crop Insurance 6.37
-3.37 -16 … Oil 17.64
0.30 0 %0.000.30Crop Storage & …
Non-Irrigated Sudan Cane Hay
26 %21.9316.29Seed/Other Crop Expense 20.51
2.98 1,424 … 20.51
2.98 1,424 %0.213.19Crop Insurance 6.37
-3.37 -16 … Oil 17.64
0.30 0 %0.000.30Crop Storage & …
Alfalfa
88 %52.416.23Seed/Other Crop Expense 21.83
2.42 288 %0.84 … 21.83
2.42 288 %0.843.26Crop Insurance 0.18
-12.25 -54 … Oil 21.32
0.00 0 %0.000.00Crop Storage & …
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
28-31
Crop Profit Center Analysis … gt;Integrate tax planning,
marketing, and asset … Payments Livestock Income Crop/Misc Income
5
Average …
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,
…