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Displaying 3831 - 3840 of 3877
Summary Book - All Counties
2014 and 27% above 2013. Market
hogs averaged somewhere … 17,491
Organization Fees, Publications30 4,166
Vet-Med-Drugs31 7,407
Crop … 4,166
Vet-Med-Drugs31 7,407
Crop Storage-Marketing32 2,322
Livestock …
Annual Book
reports, crop and livestock marketing and outlook
reports, crop … livestock items reported in this publication are computed in a similar … 30 ORGANIZATION FEE, PUBLICATION 2,689 …
Annual Book
livestock items reported in this publication are computed in a similar … result of production and marketing activities in 2008, over … 31 ORGANIZATION FEE, PUBLICATION 3,495 …
Annual Book
livestock items reported in this publication are computed in a
similar … result of production and marketing activities in 2009, over … 31 ORGANIZATION FEE, PUBLICATION 3,620 …
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 …
Annual Book
livestock items reported in this publication are computed in a similar … 30 ORGANIZATION FEE, PUBLICATION 2,910 … 32 CROP STORAGE-MARKETING …
Summary Book - All Counties
gt;Integrate tax planning,
marketing, and asset … 15,432
Organization Fees, Publications30 4,297
Vet-Med-Drugs31 … 0.33
1,507421,465Crop Stor-Marketing 1,507 1.23 1.14
39,81727715439,386Herbicide-Insecticide …
Annual Book
31 ORGANIZATION FEE, PUBLICATION 3,266 … 33 CROP STORAGE-MARKETING … 1,292
34 LIVESTOCK MARKETING-BREEDING …
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 positive returns primarily due to an upward moving feeder cattle market; however,
cull cow …