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Summary Book - All Counties
farm” and “per count” basis, where:
Per Farm – Represents … worth computed on an accrual basis
(Partnerships and corporations … represent an approximation of market value
of motorized equipment …
Summary Book - All Counties
farm” and “per count” basis.
Per Farm – Represents … worth computed on an accrual basis
(Multi-family partnerships … represent an approximation of market value
of motorized equipment …
October 1, 2015
USDA METSS Project
Contents
Macroeconomic Effects on Poverty Rate: A Case Study of Northern Ghana ............................................... 1
Income, Expenditure Shares, Food Choices and Food Security in Northern Ghana ................................... 16
Do Adult Equivalence Scales Matter in Poverty Estimates? A Case Study from Ghana ............................. 23
A Cautionary Note on Comparing Poverty Prevalence Rates ..................................................................... 43
Securing Africa’s Middle Class: The Case of Northern Ghana .................................................................... 53
The Effect of Transaction Costs on Grain and Oilseed Farmers’ Market Participation in Sub‐Sah …
Summary Book - All Counties
The 2012 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. At this time the information is not complete
and a final analysis will be completed at a later date. The location of the participating members is shown in the map on page iii.
Ninety nine farms were summarized and represent 37% of the Farm Management Association, NW 2012 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 the record net farm income of $440,621 recorded in 2011, the drought finally caught up to us, shown by a
decrease in net farm income. For the 99 farms in the summary, net farm income averaged $288,176. On page 3 you can see a
comparison of farms by net income quartile groups. The bottom 25% (24 farms) averaged $‐3,761 of net farm income, while the
top 25% (25 farms) averaged $777,230 of net farm income. The driving force behind the drop in 2012 average net farm income
was an increase of 17% in total farm expense from an average of $688,651 in 2011 to $830,311 on average in 2012. This increase
in total farm expense can be attributed mostly to crop expenses (seed, chemical, fertilizer, etc) and Economic Depreciation. The
value of farm production decreased only 1% from an average of $1,129,272 in 2011 to $1,118,488 on average in 2012.
With the exception of the wheat enterprises all fall crop yields were down due to drought. Non‐irrigated wheat yields
averaged between 45 and 50 bushels per acre while non‐irrigated corn and milo averaged 16 and 28 bushels per acre,
respectively. Non‐irrigated soybean yields averaged 6 bushels per acre. Irrigated corn yields were down from an average of 191
bushels per acre in 2011 to 179 bushels per acre in 2012. Irrigated soybeans averaged 55 bushels per acre. Irrigated wheat
yields in 2012 averaged 53 bushels per acre. Review the non‐irrigated enterprise summary that begins on page 17 and the
irrigated enterprise summary that begins on page 25.
Beef Cow‐calf operations that sell weaned calves and sell feeder calves experienced a decline in their Net Returns above
Variable cost in 2012 to $56.15 and $78.59 per cow compared with $119.38 and $176.02 in 2011 respectively. Gross income
changed little from 2011 to 2012 leaving Total Expense increases the source of Net Return declines. The largest item of expense
that increased was feed. Feed cost for Cow‐calf operators increased from $381.67 in 2011 to $431.95 in 2012, some 13.2%.
Higher feed cost per unit and drought driven increased consumption to offset pasture shortages were major contributors to the
feed cost increase.
Again we stress that the information at this time is only preliminary. We will release finalized information later this
summer. 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,
…
Summary Book - All Counties
KFMA, SE 2020 Net Farm Income Map … 28
Crop Yield Heat Maps … farm” and “per count” basis:
Per Farm: Represents the …
Summary Book - All Counties
– Ranked by Net Income (map … 244.28259.74453,914
Assets/Loans January 1 December 31December 31January 1
Current Assets67 … Income/Worker81 138,053
Per Operator Basis
Total Assets82 3,075,625
Value …
Summary Book - All Counties
participating members is shown in the map on page iii. One hundred … declined 7.3% or $51,054 due to market price reductions
during … compared with recent years.
Market prices declined to to the …
Summary Book - All Counties
– Ranked by Net Income (map … 265.00293.56519,886
Assets/Loans January 1 December 31December 31January 1
Current Assets67 … Income/Worker81 198,683
Per Operator Basis
Total Assets82 2,898,794
Value …
Summary Book - All Counties
Farm Income by SC County (map … 255.17260.95484,575
Assets/Loans January 1 December 31December 31January 1
Current Assets66 … Income/Worker80 49,498
Per Operator Basis
Total Assets81 2,722,672
Value …
Summary Book - All Counties
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 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 2014 from 2013, 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 29% 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,
…