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August 1, 2023
Breakout Sessions
Influence of the war on a world grain market • Forecast of grain production and export from Ukraine and Russia
Russian attacks, Odesa region
Source … billion
Wheat; 5.6; 39%
Sunflower; 2.5; 17%
Corn; 1.7; 12%
Barley; 1.2; 8%
Fruits & berries; 0.4; 3%
Other crops ; 3.0; 21%
Crop losses due to lower production, $ billion
Agricultural machinery; 4.7; 53%Destroyed and stolen inputs; 0.1; 1%
Destroyed and stolen outputs; 1.9; 22%
Grain storage facilities ; 1.3; 15%
Perennial crops; 0.5; 6%
Livestock, bees, fisheries & aquaculture; 0.3; 3%
DIRECT DAMAGE FROM THE WAR TO UKRAINIAN AGRICULTURE, $ billion
$14.3 …
August 1, 2023
2023 Risk and Profit Conference Recordings
Influence of the war on the world grain markets • Forecast of grain production and export from Ukraine and Russia
Russian attacks, Odesa region
Source … billion
Wheat; 5.6; 39%
Sunflower; 2.5; 17%
Corn; 1.7; 12%
Barley; 1.2; 8%
Fruits & berries; 0.4; 3%
Other crops ; 3.0; 21%
Crop losses due to lower production, $ billion
Agricultural machinery; 4.7; 53%Destroyed and stolen inputs; 0.1; 1%
Destroyed and stolen outputs; 1.9; 22%
Grain storage facilities ; 1.3; 15%
Perennial crops; 0.5; 6%
Livestock, bees, fisheries & aquaculture; 0.3; 3%
DIRECT DAMAGE FROM THE WAR TO UKRAINIAN AGRICULTURE, $ billion
$14.3 …
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 histori …
Modeling Impacts of Location- and Product-Targeted Demand Enhancement on Pork Producer Profitability
May 1, 2024
Meat Demand Research Studies
pork
products in 50 retail markets with the farm-level supply … occur in the largest consumer markets, which include New York … Phoenix/Tucson, and Philadelphia markets.
o On average, when pork …
County Summary
Farm Production Sources:
Livestock $112,947 $141,564 $290,227 … 304,018 $243,984 $230,148
Livestock Expense $11,042 $15,832 $21,019 … 104
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 -657
Custom Feeding7 …
County Summary
Farm Production Sources:
Livestock $141,564 $290,227 $181,017 … 243,984 $230,148 $222,894
Livestock Expense $15,832 $21,019 $14,623 … 166
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 1,442
Custom Feeding7 …
Summary Book - All Counties
May 1, 2018
Dear Farm Managers and Friends,
The 2017 ProfitLink Summary information processed farm financial records for participating Kansas Farm
Management Association, NW members from 17 counties in northwest Kansas; the map on page 3 shows the counties where
participating members farm and ranch. One hundred thirty‐five (135) farms were summarized and represent 54% of the 2017
KFMA, NW membership. The KFMA economists and staff express thanks to the farm families for their participation and
record keeping to be utilized in the summary. Additional appreciation is extended to the individuals at the KMAR‐105
Association for their help in accumulating the data.
Net farm income increased greatly in 2017 to $94,071 compared to the two low income years in 2015 and 2016.
Although the average net farm income was positive, many operations are still experiencing decreasing liquidity and carryover
debt. There is also a great variance of income across farms in the association and page 19 has a comparison of farms by net
farm income quartile groups. The bottom 25% (33 farms) averaged ‐$146,201 net farm income (loss), while the top 25% (34
farms) averaged $450,929 net farm income. Value of farm production increased 16.8% from an average of $760,276 in 2016
to an average of $913,916 in 2017. Total expense increased 7.6% from an average of $757,379 in 2016 to $819,845 in 2017.
Crop yields were average to above average across the association in 2017. Dryland wheat had a wide range of yields
from completely hailed to 80 bushels per acre (bu/ac), and an overall average of 40.6 bu/ac. Most of the association found
rainfall to be above average and timely for the year which was great for corn. Dryland corn averaged 104.6 bu/ac and
irrigated corn averaged 202.5 bu/ac, which were key factors in the net farm income for the association. The weather was
great for corn but the cool, wet portions of the fall made it hard for dryland milo to finish and only yielded 79.6 bu/ac.
Soybean yields were more varied amongst the fall crops because of the geographic area covered. The eastern portion of our
association was on the outskirts of the central Kansas drought and more dryland soybeans are planted in that area. Overall,
dryland soybeans averaged 30.6 bu/ac and irrigated soybeans averaged 61.7 bu/ac. Hay production was good as well and
alfalfa yielded 3.72 ton to the acre. See page 39 for more details on the dryland crop enterprises, page 53 for irrigated crop
enterprises, and page 63 for the feed crop enterprises.
Cattle operations experienced pos …
Summary Book - All Counties
May 1, 2017
Dear Farm Managers and Friends,
The 2016 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 sixty‐four (164) farms were summarized and represent 65% of the Farm
Management Association, NW 2016 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.
With net farm income dropping dramatically from 2014 to 2015, we saw a slight bounce back in 2016 to a net farm
income of $389. Although the average net farm income was a small positive, 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% (41 farms) averaged $‐189,786 of
net farm income, while the top 25% (41 farms) averaged $180,734 of net farm income. The change upward in 2016 average
net farm income was an increase of 4% in value of farm production from an average of $722,590 in 2015 to $751,325 in 2016.
Total expense increased 3.5% in 2016 from an average of $725,561 in 2015 to $750,936 in 2016.
Crop yields were mostly better in 2016 than 2015. Dryland yields were higher than the previous year. Irrigated corn
and soybean yields were actually lower than the previous year while irrigated wheat and milo yields improved from 2015.
Dryland wheat averaged 66 bushels per acre while dryland corn and milo averaged 107 and 87 bushels per acre, respectively.
Dryland soybean yields averaged 39 bushels per acre. Irrigated corn yields were down to an average of 199 bushels per acre
and irrigated soybeans averaged 51 bushels per acre. Irrigated wheat yields in 2016 averaged 81 bushels per acre and
irrigated milo average 119 bushels per acre. Review the non‐irrigated enterprise summary that begins on page 26 and the
irrigated enterprise summary that begins on page 58 for more details.
Beef cow‐calf operations that sell weaned calves experienced a negative net return of $‐32 above variable cost in
2016. Feed cost for cow‐calf operators decreased from $500 in 2015 to $402 in 2016 which will become more and more
important for cattle producers to control feed and non‐feed costs to get back to 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 …
Summary Book - All Counties
two years but a surge in market price
was beneficial for … feed crop enterprises.
Cattle operations were not as profitable … crop farming due to low cull markets and increasing feed costs …
Summary Book - All Counties
38
Livestock Enterprise Summary … 45
2020 Livestock Enterprise Written Summary … 45
Livestock Enterprise Summaries …