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Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … gt;Deliver leading edge economic
research and technology … Total Expense Ratio58 1.1474
Economic Total Expense Ratio59 1.4059
Operating …
County Summary
Department of Agricultural Economics
www.agecon.ksu.edu . www.agmanager.info … M
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May 9, 2014
ear Farm Man
The Ka
ummary report
ew years. An im
rovide data an
sually larger in
om western co
reas of compar
Labor E
workdays on a f
he analysis. W
We hop
valuating the K
Management As
rea.
ncerely,
Mark A. Wood
xtension Agricu
Variable
ncome Measur
Value of Farm P
Net Farm Incom
inancial Measu
% Return on Ass
% Return on Eq
% ROE ‐ %ROA
Average Curren
Average Debt to
Measures of Siz
Harvest Acres
Crop Acres
Harvest Acres %
rrigated Acres %
Beef Cows
abor Efficiency
Work Days
Number of Wor
Work Days/Wor
VFP/Workday
NFI/Workday
Comparison of
agers and Frie
nsas Farm Man
t that includes
mportant reaso
d reports that
acreage and a
ounties has lim
rison.
Efficiency is a m
farm is also a m
estern farms s
pe you will find
KFMA, NW mem
ssociation, NW
ultural Econom
res:
Production
me
ures:
sets (ROA)
uity (ROE)
nt Ratio
o Asset Ratio
ze/Intensity:
%
%
y:
rkers
rker
KFMA, NW: We
nds,
nagement Asso
data from Nor
on for this “sub
are representa
also use irrigati
mited value to e
measure of how
measure of size
eem to crank o
d the informat
mbers in gener
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Clint Mil
mists
West
984,672$
60,798$
0.7%
‐0.1%
‐0.8%
3.83
0.2234
2550
3240
78.7%
18.4%
81
463
1.81
256
2,127$
131$
est, East, and A
ociation locate
rton, Graham,
bset” analysis o
ative of farms
ion farming. T
eastern countie
w intensely the
e. Western far
out more VFP a
ion in this “Eas
ral and your fa
ng us a call. W
liman
East …
Breakout Sessions
a Ph.D. in
Agricultural Economics from Texas A&M University … Art joined the Agricultural Economics faculty
in 1979. He currently … Professor
Agricultural Economics
Kansas State University
Sponsored …
Summary Book - All Counties
Department of Agricultural Economics
www.agecon.ksu.edu . www.agmanager.info … cost per harvested acre the economic depreciation expense
as … Total Expense Ratio58 0.6634
Economic Total Expense Ratio59 0.8018
Operating …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … 21
Total Expense / VFP
Economic Total Expense Ratio (Line … Provides a measure of the economic profitability of the farm …
Summary Book - All Counties
premier source of farm-level economic data in the world.
Miss … Department of Agricultural Economics, comprise the professional … Total Expense Ratio59 0.7856
Economic Total Expense Ratio60 0.9050
Operating …
Summary Book - All Counties
Department of Agricultural Economics
www.agecon.ksu.edu . www.agmanager.info …
M
De
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sh
As
fa
su
fo
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in
20
de
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May 9, 2014
ear Farm Man
The 20
arm Managem
hown in the ma
ssociation, NW
amilies for thei
ummary. Addit
or their part in
After th
ear of decreasi
ee a compariso
while the top 25
ncome was a de
013. This decr
ecreased 3.9%
With th
on‐irrigated w
ushels per acre
verage of 179 b
rigated wheat
1 and the irriga
Beef Co
n 2013 to $100
ow‐calf operat
nd charged to t
We hop
arm in particula
member of the
he KFMA, NW a
ncerely,
Mark A. Wood
xtension Agricu
agers and Frie
13 Profit‐link S
ent Associatio
ap on page 3.
W 2013 membe
r efforts in kee
tional apprecia
this analysis w
he record net f
ng net farm in
on of farms by
5% (29 farms) a
ecrease of 25.5
ease in value o
from an avera
he exception o
heat yields ave
e, respectively.
bushels per ac
yields in 2013
ated enterprise
ow‐calf operat
.70 per cow co
tors increased f
the cow herd i
pe you will find
ar. If you want
Farm Managem
area.
ultural Econom
nds,
Summary and A
n members fro
One hundred s
ership. The Ass
eping records c
ation is extend
work.
farm income o
come. For the
net income qu
averaged $278
5% in value of
of farm produc
age of $830,31
f the wheat en
eraged betwee
. Non‐irrigated
re in 2012 to 1
averaged 30 b
e summary tha
ions that sell w
ompared with $
from $431.95
n 2013.
d the informat
t to know more
ment Associati
Clint Milliman
mists
Analysis inform
om 17 counties
sixteen farms w
sociation Econ
complete enou
ed to the Asso
f $440,621 rec
e 116 farms in t
uartile groups.
8,776 of net far
farm productio
ction can be att
1 in 2012 to $7
nterprises, all f
en 20 and 22 b
d soybean yield
195 bushels pe
bushels per acr
at begins on pa
weaned calves
$58.79 in 2012
in 2012 to $59
ion useful and
e about how y
ion, NW, consi
mation was pro
s of Northwest
were summari
omists and sta
ugh for analysis
ociation suppor
corded in 2011
the summary,
The bottom 2
rm income. Th
on from an ave
tributed mostl
797,941 on ave
all crop yields
ushels per acre
ds averaged 6
r acre in 2013.
re. Review the
age 37.
experienced a
2. This was acc
98.93 in 2013. H
insightful for e
our farm comp
der giving us a
Shane Ruff
ocessed from t
t Kansas. The lo
ized and repre
aff of the KFMA
s and for sharin
rt staff and the
1, the continuin
net farm incom
25% (29 farms)
he driving force
erage of $1,11
ly to lower cro
erage in 2013.
improved sligh
e while non‐irr
bushels per ac
. Irrigated soyb
e non‐irrigated
an improvemen
complished eve
High valued fe
evaluating the
pares to simila
a call. We are t
…
September 1, 2005
Farm Business and Transition Planning
business. These can
include economic, environmental, family, and …
February 20, 2019
Land Use Value Research
Department of Agricultural Economics at Kansas
State University …
Summary Book - All Counties
Department of Agricultural Economics
www.ageconomics.ksu.edu … Net farm income as a percent of value of farm production is ‐0.41%, meaning it cost over a dollar to produce
a dollar of farm production. Interest expense is 4.5% once again showing farms are carrying more debt. Economic
depreciation expense is crawling up to 11.96% of value of farm production, higher than 2013 and 2014. Although
operating expenses decreased, they are still 84% of value of farm production, again higher than 2013 and 2014. The
2015 ProfitLink …