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Summary Book - All Counties
21
Total Expense / VFP
Economic Total Expense Ratio (Line … Provides a measure of the economic profitability of the farm … worsening financial positions and economic uncertainty are
causing …
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, 2016
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 40 farms of the 153 in the entire 2015 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
Total Expense Ratio58 0.9533
Economic Total Expense Ratio59 1.1477
Operating … Expense Ratio58 0.87260.9398
Economic Total Expense Ratio59 1.04801.1218
Operating … Expense Ratio58 1.05400.9255
Economic Total Expense Ratio59 1.34081.1246
Operating …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … gt;Deliver leading edge economic
research and technology … Total Expense Ratio58 1.1474
Economic Total Expense Ratio59 1.4059
Operating …
County Summary
Department of Agricultural Economics
www.agecon.ksu.edu . www.agmanager.info … M
De
su
fe
pr
us
fr
ar
w
th
ev
M
ar
Si
M
Ex
V
In
V
N
F
%
%
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A
A
M
H
C
H
Ir
B
La
W
N
W
V
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C
May 9, 2014
ear Farm Man
The Ka
ummary report
ew years. An im
rovide data an
sually larger in
om western co
reas of compar
Labor E
workdays on a f
he analysis. W
We hop
valuating the K
Management As
rea.
ncerely,
Mark A. Wood
xtension Agricu
Variable
ncome Measur
Value of Farm P
Net Farm Incom
inancial Measu
% Return on Ass
% Return on Eq
% ROE ‐ %ROA
Average Curren
Average Debt to
Measures of Siz
Harvest Acres
Crop Acres
Harvest Acres %
rrigated Acres %
Beef Cows
abor Efficiency
Work Days
Number of Wor
Work Days/Wor
VFP/Workday
NFI/Workday
Comparison of
agers and Frie
nsas Farm Man
t that includes
mportant reaso
d reports that
acreage and a
ounties has lim
rison.
Efficiency is a m
farm is also a m
estern farms s
pe you will find
KFMA, NW mem
ssociation, NW
ultural Econom
res:
Production
me
ures:
sets (ROA)
uity (ROE)
nt Ratio
o Asset Ratio
ze/Intensity:
%
%
y:
rkers
rker
KFMA, NW: We
nds,
nagement Asso
data from Nor
on for this “sub
are representa
also use irrigati
mited value to e
measure of how
measure of size
eem to crank o
d the informat
mbers in gener
W, consider givi
Clint Mil
mists
West
984,672$
60,798$
0.7%
‐0.1%
‐0.8%
3.83
0.2234
2550
3240
78.7%
18.4%
81
463
1.81
256
2,127$
131$
est, East, and A
ociation locate
rton, Graham,
bset” analysis o
ative of farms
ion farming. T
eastern countie
w intensely the
e. Western far
out more VFP a
ion in this “Eas
ral and your fa
ng us a call. W
liman
East …
Breakout Sessions
a Ph.D. in
Agricultural Economics from Texas A&M University … Art joined the Agricultural Economics faculty
in 1979. He currently … Professor
Agricultural Economics
Kansas State University
Sponsored …
September 1, 2005
Farm Business and Transition Planning
business. These can
include economic, environmental, family, and …
February 20, 2019
Land Use Value Research
Department of Agricultural Economics at Kansas
State University …
Summary Book - All Counties
Department of Agricultural Economics
www.agecon.ksu.edu . www.agmanager.info … cost per harvested acre the economic depreciation expense
as … Total Expense Ratio58 0.6634
Economic Total Expense Ratio59 0.8018
Operating …