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Displaying 6401 - 6410 of 7386
County Summary
139,505
Value of Farm Production21 $1,455,902
Hired Labor22 … Work Days78 813
Value Farm Production/Worker79 416,448
Net Farm … 2,587,294
Value of Farm Production/Operator82 1,176,487
Net …
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 historically high in 2015, but nothing compared to the end of 2014 and with the nation’s cow herd in
expansion, it is fairly safe to say the cattle market is on a downturn. Feed cost for cow‐calf operators decreased from $545.65
in 2014 to $500.02 in 2015 which will become more and more important for cattle producers to control feed and non‐feed
costs to maintain 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 …
County Summary
55,844
Value of Farm Production21 $682,378
Hired Labor22 … Work Days78 471
Value Farm Production/Worker79 356,147
Net Farm … 2,631,844
Value of Farm Production/Operator82 470,606
Net Farm …
County Summary
36,426
Value of Farm Production21 $569,462
Hired Labor22 … Work Days78 306
Value Farm Production/Worker79 371,227
Net Farm … 1,683,625
Value of Farm Production/Operator82 474,551
Net Farm …
County Summary
15,615
Value of Farm Production21 $298,116
Hired Labor22 … Work Days78 255
Value Farm Production/Worker79 218,240
Net Farm … 1,716,523
Value of Farm Production/Operator82 255,674
Net Farm …
County Summary
52,535
Value of Farm Production21 $632,478
Hired Labor22 … Work Days78 356
Value Farm Production/Worker79 340,408
Net Farm … 2,938,362
Value of Farm Production/Operator82 412,575
Net Farm …
County Summary
42,261
Value of Farm Production21 $390,991
Hired Labor22 … Work Days78 307
Value Farm Production/Worker79 293,152
Net Farm … 2,445,745
Value of Farm Production/Operator82 395,190
Net Farm …
County Summary
10,392
Value of Farm Production21 $904,137
Hired Labor22 … Work Days78 447
Value Farm Production/Worker79 403,290
Net Farm … 2,889,432
Value of Farm Production/Operator82 624,158
Net Farm …
County Summary
9,823
Value of Farm Production21 $476,235
Hired Labor22 … Work Days78 443
Value Farm Production/Worker79 266,595
Net Farm … 2,478,298
Value of Farm Production/Operator82 472,371
Net Farm …
County Summary
11,617
Value of Farm Production21 $306,777
Hired Labor22 … Work Days78 314
Value Farm Production/Worker79 197,214
Net Farm … 3,582,160
Value of Farm Production/Operator82 345,125
Net Farm …