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Summary Book - All Counties
– Ranked by Net Income (map … 265.00293.56519,886
Assets/Loans January 1 December 31December 31January 1
Current Assets67 625,102478,783
Non-Current … 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 463,633451,155
Non-Current … Income/Worker80 49,498
Per Operator Basis
Total Assets81 2,722,672
Value …
February 18, 2022
Land Buying and Valuing
2021
Kansas Land Region Map
Kansas land regions in this … from this report. Reported market values should not
be used … and other
production and marketing decisions on acreage representing …
Summary Book - All Counties
Farm Income by SC County (map) .............................................................................16 … 231.31246.45445,798
Assets/Loans January 1 December 31December 31January 1
Current Assets66 480,353408,556
Non-Current …
Summary Book - All Counties
in northwest Kansas; the map on page 3 shows the counties … two years but a surge in market price
was beneficial for … crop farming due to low cull markets and increasing feed costs …
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 cou … ans 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 …
Summary Book - All Counties
Farm Income by SC County (map) .............................................................................12 … worth computed on an accrual basis. (Partnerships and
corporations … 226.41243.55424,742
Assets/Loans January 1 December 31December 31 …
Summary Book - All Counties
Farm Income by SC County (map) .............................................................................12 … 233.35243.67419,839
Assets/Loans January 1 December 31December 31January 1
Current Assets66 391,234373,546
Non-Current …
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, 2016
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 40 farms of the 153 in the entire 2015 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 2015 from 2014, 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
in northwest Kansas. The map on page 3 shows the counties … operations fought a disrupted market chain in 2020 driving prices … Integrated tax planning, marketing and asset investment strategies …