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Displaying 3031 - 3040 of 3186
County Summary
Farms)
Income and Expense Analysis
Beef1 115,395
Dairy and Milk2 … 928
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 3,492
Custom Feeding7 … 38,831
Feed Purchased8 -68,215
Livestock Value Produced9 $122,384
Corn10 …
County Summary
Farms)
Income and Expense Analysis
Beef1 172,893
Dairy and Milk2
Sheep3
Swine4
Poultry … Milk2
Sheep3
Swine4
Poultry and Eggs5
Other Livestock/Hedging6 2,656
Custom Feeding7 … Purchased8 -129,509
Livestock Value Produced9 $65,702
Corn10 …
October 30, 2015
particular analysis
– BEEF magazine subscribers: “operations … Reservation value (& hence market shares)
– Valuation of … Does this Work Matter?
• Livestock Industry
– Economically …
Annual Book
Value of production from livestock
sources increased by nearly … 2010. This higher VFP for livestock was also
fueled by commodity … background/finishing,
and crop/beef operations also had above …
Summary Book - All Counties
Index.......................................................................34
Livestock Profit Center Analysis … gt;Integrate tax planning,
marketing, and asset … Income
The various kinds of livestock and crop income values are …
Summary Book - All Counties
GRAPHS…………………………………………43 - 44
LIVESTOCK PROFIT CENTER…………… … CENTER…………………...………………………………45
BEEF COWS - SELL CALF / SELL FEEDERS……………………………………46 … FEEDERS……………………………………46 - 47
BEEF BACKGROUNDING …
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
GRAPHS……………………………………… … 43 - 44
LIVESTOCK PROFIT CENTER…………………...…………………………… … CENTER…………………...…………………………… … 45
BEEF COWS - SELL CALF / SELL FEEDERS………………………………… … FEEDERS………………………………… … 46 - 47
BEEF COW SELL CALVES THIRDS …
Annual Book
Value of
production from livestock sources increased by 3.5 … Many operations
with a livestock farm type had lower incomes … Accrual Income
Crop and livestock income values are computed …