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Displaying 4191 - 4200 of 5051
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 & …
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,
…
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
…
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 …
Enterprise Profit Center Summary
Sow and Litter – Sell Market Hogs (State … 19
Non-Irrigated Crop Enterprise Net Returns to … Received for Non-Irrigated Crops (State …