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Reduced-Till Grain Sorghum, Non-Irrigated Reduced-Till Grain Sorghum
0.14
23.20 34%67.2990.49CropInsurance Proceeds 68.21
0.03 2%1.391.42Other … 35%8.375.46General Farm Insurance 4.49
0.00 0%0.000.00Conservation … 17%16.3113.58Seed/Other Crop Expense 18.95
-2.72 -11%25.7 …
No-Till Wheat, Non-Irrigated No-Till Wheat
Payments 3.40
5.52 10%54.3559.88CropInsurance Proceeds 64.85
-0.35 -11%3.052.70Other … 29%6.854.89General Farm Insurance 5.24
-0.13 -100%0.130.00Conservation … 44%37.2521.01Seed/Other Crop Expense 24.58
0.56 3%16.4717 …
Wheat, Non-Irrigated Wheat
6.43
30.06 83%36.2966.34CropInsurance Proceeds 51.00
-0.96 -29%3.352.39Other … 23%7.866.05General Farm Insurance 5.38
-0.03 -59%0.050.02Conservation … 33%30.2020.12Seed/Other Crop Expense 22.98
0.29 2%17.1717 …
Reduced-Till Wheat, Non-Irrigated Reduced-Till Wheat
7.36
62.76 378%16.6179.37CropInsurance Proceeds 45.05
-0.14 -5%2.952.81Other … 20%7.716.13General Farm Insurance 6.84
0.00 0%0.000.00Conservation … 19%25.0020.35Seed/Other Crop Expense 20.68
1.15 7%17.0518 …
Irrigated Soybeans, Irrigated Soybeans
Payments 1.72
2.56 103%2.485.04CropInsurance Proceeds 0.00
7.17 177%4.0611.22Other … 45%15.818.70General Farm Insurance 9.66
-3.22 -63%5.101.87Utilities … 32%90.1361.32Seed/Other Crop Expense 69.66
9.78 96%10.181 …
Irrigated Corn, Irrigated Corn
Payments 1.64
64.93 0%0.0064.93CropInsurance Proceeds 60.55
8.80 135%6.5215.33Other … 13%15.2313.29General Farm Insurance 16.20
-3.99 -55%7.323.33Utilities … 21%95.99115.90Seed/Other Crop Expense 92.03
5.74 30%19.362 …
Alfalfa, Non-Irrigated Alfalfa
Payments 2.81
6.92 661%1.057.97CropInsurance Proceeds 20.03
-2.64 -31%8.525.88Other … 23%13.3916.51General Farm Insurance 9.32
1.62 0%0.001.62Conservation … 5%
0.99 9%10.9911.98Seed/Other Crop Expense 3.54
0.00 0%0.000.00 …
Summary Book - All Counties
Operator.............................................................................................67
Analysis Factors by Crop Acres ....................................................................................................68 … various kinds of livestock and crop income values are computed …
Summary Book - All Counties
debt payment obligations.
Crop yields were down compared … more details on the dryland crop enterprises. Irrigated corn … page 61 has the irrigated crop enterprises. Feed …
Summary Book - All Counties
The 2014 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 twenty‐three farms were summarized and represent 49% of the Farm Management
Association, NW 2014 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 the lower net farm income of $35,791 recorded in 2013, net farm income for 2014 did improve even with the
continued drought. For the 123 farms in the summary, net farm income averaged $108,532. On page 6 you can see a
comparison of farms by net income quartile groups. The bottom 25% (30 farms) averaged $‐158,517 of net farm income, while
the top 25% (31 farms) averaged $431,829 of net farm income. The driving force behind the increase in 2014 average net farm
income was an increase of 10.1% in value of farm production from an average of $833,732 in 2013 to $917,918 on average in
2014. This increase in value of farm production can be attributed mostly to higher yields and higher cattle prices. Total expense
increased 1.4% from an average of $797,941 in 2013 to $809,387 on average in 2014.
With the exception of the irrigated corn enterprise, all fall crop yields improved in spite of the continuing drought. Non‐
irrigated wheat yields averaged between 29 and 32 bushels per acre while non‐irrigated corn and milo averaged 71 and 72
bushels per acre, respectively. Non‐irrigated soybean yields averaged 14 bushels per acre. Irrigated corn yields were down from
an average of 195 bushels per acre in 2013 to 177 bushels per acre in 2014. Irrigated soybeans averaged 63 bushels per acre.
Irrigated wheat yields in 2014 averaged 52 bushels per acre. Review the non‐irrigated enterprise summary that begins on page
23 and the irrigated enterprise summary that begins on page 49.
Beef Cow‐calf operations that sell weaned calves experienced an improvement in their Net Returns above Variable cost
in 2014 to $516.46 per cow compared with $100.70 in 2013. This was due to higher market prices and the help of the Livestock
Forage Disaster Program. Feed cost for Cow‐calf operators decreased from $598.93 in 2013 to $545.65 in 2014.
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,
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