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Executive Summary
Department of Agricultural Economics K-MAR-105 Executive Director …
Executive Summary
Department of Agricultural Economics
kherbel@ksu.edu mlange@agecon.ksu.edu …
Executive Summary
Department of Agricultural Economics K-MAR-105 Executive Director …
County Summary
depreciation, but rather an economic
depreciation that is intended … intended to reflect actual
economic cost of ownership and use … Total Expense Ratio59 0.9440
Economic Total Expense Ratio60 1.0730
Operating …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … 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 int …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … gt;Deliver leading edge economic
research and technology … Value of Farm Production
Economic Total Expense Ratio (Line …
County Summary
Department of Agricultural Economics
www.ageconomics.ksu.edu … 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 int …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu …
County Summary
Department of Agricultural Economics
www.ageconomics.ksu.edu … Colby Office
P.O. Box 841
1975 W 4th St
Colby, KS 67701
Ph: 785‐462‐6664
Fax: 785‐462‐3863
kfmanw@listserv.ksu.edu
May 1, 2017
Dear Farm Managers and Friends,
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 44 farms of the 164 in the entire 2016 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 inte …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … Total Expense Ratio58 0.9791
Economic Total Expense Ratio59 1.1579
Operating … Expense Ratio58 0.89481.0200
Economic Total Expense Ratio59 1.04681.1970
Operating …