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Summary Book - All Counties
operation. Represents the rate of return on the operator’s … accounts receivable.
Crop Machinery Cost (Line 95)
Crop share … fuel, and machine hire, and machinery and motor vehicle
depreciation …
Summary Book - All Counties
operation.
Represents the rate of return on the operator’s … accounts receivable.
Crop Machinery Cost (Line 95)
Crop share … fuel, and machine hire, and machinery and motor vehicle depreciation …
County Summary
132,214 $100,687 $14,192
Machinery MeasuresMachinery Cost/Harv. Acre $78.24 $76.82 … 76.82 $74.92 $79.06 $77.29
Machinery Investment/Harv Acre $224.74 … 15.07
29,10729,107Depr - Machinery 2,646 25,260 11.44 13.82
Total …
Summary Book - All Counties
percent of the net worth in machinery, livestock,
feeds, and current-intermediate … operation.
Represents the rate of return on the operator’s … Intermediate Assets
Total value of machinery, motor vehicles, and intermediate …
Summary Book - All Counties
Current Loans)} /2} x Interest Rate.
Non-Current Asset Charge … Long-Term Loans)} /2} x Interest Rate.
The interestrate is calculated using the average … using the average Interest Rate of the four most recent quarters …
Summary Book - All Counties
by Farm Type, (Table 3) ................................................................ 12
Comparison of Net Farm Income by Farm Type, (Figure 6) .......................................................................... 13
Income and Expense Analysis of Association Averages ................................................................................ 14
Components of Machinery Cost by Farm Type, (Figure 12) ......................................................................... 19
Detailed Cost Analysis by Farm Type ........................................................................................................... 20
II …
County Summary
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 intended to
reflect actual economic cost of ownership and use over
time.
Financial Measures include the rate of return on
assets and equity. Net return to capital (NFI minus
Operator Labor charges) is divided into average assets
and equity. Note that in the west and east columns the
% return on Assets is slightly larger than equity. This
means the farms in the analysis are earning a lower
return on borrowed money than the cost of the money.
Current ratios declined in 2016 from 2015, but are still
strong. Debt to Asset ratio remains low and very strong.
Measures of Size and Intensity are simply a
measure of the acres on these farms and cropping
(harvesting) intensity. Also the number of beef cows on
average that these regions operated.
Labor Efficiency is a measure of how intensely the farms are utilizing their hired and operator labor. The number of
workdays on a farm is also a measure of size. Western farms by work days are 25% larger on average than the Eastern farms in
the analysis. Western farms seem to crank out more VFP and NFI per workday which implies an increase in labor efficiency.
We hope you will find the information in this “Eastern Counties” Summary and Analysis useful and insightful for
evaluating the KFMA, NW members in general and your farm in particular. If 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,
…
Summary Book - All Counties
Current Loans)}/2}xInterest Rate.
Non-Current Asset Charge … Long-Term Loans)} /2} x Interest Rate.
The interestrate is calculated using the average … using the average Interest Rate of the four most recent quarters …
County Summary
Financial Measures include the rate of return on
assets and … Livestock/Hedging6 1,218
Custom Feeding7 3,715
Feed Purchased8 … 618,836
Hired Labor22 39,838
Machinery Repairs23 57,834
Irrigation …
April 16, 2020
Land Buying and Valuing
at higher prices and make machinery purchases from local implement … restricted farmer’s spending on machinery
and land, which hampers … been worse. Low interest
rates helped keep land values from …