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April 16, 2020
Land Buying and Valuing
are consistent with Crop Reporting Districts used by the National … adjustments were made to the reported per acre
sales value based … when using data from this report …
April 15, 2021
Land Buying and Valuing
are consistent with Crop Reporting Districts used by the National … adjustments were made to the
reported per acre sales value based … when using data from this report …
August 27, 2018
Financial Statements and Ratios, KFMA Research
1
Operating Profit Margin Benchmarks
Michael Langemeier (mlangeme@purdue.edu) – Purdue University, Center for Commercial Agriculture
Elizabeth Yeager (eyeager@ksu.edu) Kansas State University, Department of Agricultural Economics
August 2018
This article examines trends in the operating profit margin for a sample of farms over a ten‐year period
and develops financial performance benchmarks. Specifically, using KFMA whole‐farm data for farms with
continuous data from 2008 to 2017, the operating profit margin ratio is computed for each farm and year. Also,
the operating profit margin ratio and corresponding farm characteristics are compared across financial
performance quartiles.
Variable Definitions and Summary Statistics
The operating profit margin ratio was computed by adding interest expense and subtracting unpaid
family and operator labor from net farm income and dividing the result by the value of farm production. In
addition to the operating profit margin, other variables compared across profit margin quartiles included value
of farm production, net farm income, interest, unpaid family and operator labor, total assets, total debt, total
expense ratio, adjusted total expense ratio, economic total expense ratio, asset turnover ratio, debt to asset
ratio, percent of farms with positive cash flow, percent of farms financially stressed, percent of farms with
expense ratios below 1.00, and percent of farms in five value of farm production categories (i.e., less than
$100,000 in value of farm production; value of farm production between $100,000 and $250,000; value of farm
production between $250,000 and $500,000; value of farm production between $500,000 and $1,000,000; and
value of farm production greater than $1,000,000). The total expense ratio was computed by summing cash
costs, accrual adjustments to costs, and depreciation, and dividing the result by value of farm production. The
adjusted total expense ratio was computed by adding unpaid family and operator labor to the expenses included
in the total expense ratio and dividing by value of farm production. An adjusted total expense ratio below 1.00
Kansas State University Department Of Agricultural Economics Extension Publication …
August 1, 2021
Breakout Sessions
Economics
Survey and Study• Survey of KFMA Member Farms with employees – … Economics
Assessing the Labor Need
Do I need an employee or additional employees?◦How is this measured?◦ KFMA Farm Business Analysis and Management Factors◦ … Economics
Other Employee Management Considerations
Payroll recordkeepingTax withholdings and depositsFederal and State reporting requirementsCommodity in l …
2021 Risk and Profit Conference Recordings
Economics
Survey and Study• Survey of KFMA Member Farms with employees – … Economics
Assessing the Labor Need
Do I need an employee or additional employees?◦How is this measured?◦ KFMA Farm Business Analysis and Management Factors◦ … Economics
Other Employee Management Considerations
Payroll recordkeepingTax withholdings and depositsFederal and State reporting requirementsCommodity in l …
March 15, 2017
Land Rental
Rates
Farm Management Association (KFMA) data, net farm income per … from 2012-
2015 from the KFMA database (http://www.agmanage … http://www.agmanager.info/kfma). The crop mix is limited …
Summary Book - All Counties
Associations
www.agmanager.info/kfma
K-MAR-105 Association
www.kmar105.com
Department … Herbel
2009 MEMBERSHIP
KFMA EconomistsKFMA EconomistsKFMA Economists
Association …
Breakout Sessions
Ag Economist in the Holton KFMA
office. Mark received a … also discuss year
end wage reporting and the impact of benefits … Paying payroll liability
• Reporting
• Benefits
Employees vs.
Independent Contractors
Employee vs. Independent
Contractor
• …
August 28, 2015
Financial Management
1
Potential Use of Gross Revenue Insurance on Beef Farms in Southeast
Kansas
Jeffery R. Williams (jwilliam@ksu.edu), G. Art Barnaby (barnaby@ksu.edu), and Richard Llewelyn (rvl@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ August 2015
http://www.agmanager.info/KFMA/Newsletters/Research/AGR‐Lite.pdf
…
August 28, 2015
KFMA Research
1
Potential Use of Gross Revenue Insurance on Beef Farms in Southeast
Kansas
Jeffery R. Williams (jwilliam@ksu.edu), G. Art Barnaby (barnaby@ksu.edu), and Richard Llewelyn (rvl@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ August 2015
http://www.agmanager.info/KFMA/Newsletters/Research/AGR‐Lite.pdf
…