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INCOME All Farms Top 1/2 Bottom 1/2
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Number of Farms 131 66 65
1. Crop - Sales, CCC Loans,
Price Support, Ins. $116,765 $170,424 $62,280
2. Livestock & Livestock Products $73,608 $79,049 $68,084
3. Other Farm Income $6,469 $9,708 $3,179
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4. Total Gross Sales $196,843 $259,183 $133,544
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Income Adjustments
5. Market Livestock & Livestock
Products Inventory Change ($312) $5,687 ($6,404)
6. Breeding Livestock Inventory
Change ($902) $177 ($1,998)
7. Crop Inventory Increase ($63) $3,586 ($3,768)
8. Hedging Gains or Losses - Net $216 $675 ($249)
9 Total Income Adjustments ($1,061) $10,126 ($12,421)
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10. Total Accrual Income $195,781 $269,309 $121,122
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EXPENSES All Farms Top 1/2 Bottom 1/2
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Farm Product Purchases
11. Livestock & Livestock Products $23,979 $27,138 $20,771
12. Crops $3,140 $4,888 $1,365
13. Commercial Feed $12,421 $11,076 $13,786
14. Commercial Feed Inventory
Change (-) ($776) ($109) ($1,453)
15. Total Adjusted Farm Product
Purchases $40,317 $43,213 $37,377
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16. Value of Farm Production $155,464 $226,096 $83,744
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Operating Expenses
17. Livestock Except Feed $3,103 $3,593 $2,606
Crops:
18. Plant Food $15,630 $20,180 $11,009
19. Chemicals $10,672 $14,471 $6,815
20. Seeds, Plants & Supplies $14,275 $20,674 $7,778
21. Marketing $1,057 $1,228 $883
22. Insurance $1,471 $2,236 $695
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23. Total Direct Crop Expense
(Lines 18+19+20+21+22) $43,107 $58,791 $27,182
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24. Labor $9,166 $11,081 $7,221
25. Machine Hire $4,591 $5,285 $3,886
26. Insurance $2,938 $3,487 $2,381
27. Machinery & Equipment Operation $18,316 $22,647 $13,917
28. Utilities $3,237 $3,904 $2,560
29. Taxes $3,532 $4,212 $2,841
30. Rent $0 $0 $0
31. Real Estate Repair & Maintenance $3,549 $3,593 $3,505
32. Miscellaneous ($3,320) ($4,232) ($2,395)
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33. Total Direct Production
Expenses $88,222 $112,364 $63,708
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Expense Adjustments
34. Supplies - Inventory Change $1,881 $1,988 $1,773
35. Operating Margin (16-33+34) $69,123 $115,720 $21,809
Interest Costs
36. Interest Paid $15,452 $19,601 $11,240
Depreciation
37. Machinery & Equipment $12,266 $15,724 $8,755
38. Real Estate $2,380 $2,588 $2,170
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39. Total Depreciation $14,646 $18,312 $10,925
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40. Total Operating Costs
(15+33-34+36+39) $156,758 $191,502 $121,479
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41. Net Farm Operating Profit
(10-40) $39,023 $77,807 ($357)
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Disposal of Farm Assets - Gain or Loss
42. Machinery & Equipment $1,232 $1,424 $1,038
43. Real Estate $326 $435 $215
44. Gain or Loss $1,559 $1,859 $1,253
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45. Net Farm Profit (41+44) $40,582 $79,667 $896
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Land Value Changes
Real Estate Farmed
46. Ending Value $711,752 $882,938 $537,933
47. Sales (+) $509 $1,012 $0
48. Purchases & Improvements (-) $7,465 $12,671 $2,179
49. Beginning Value (-) $704,019 $869,109 $536,390
50. Gain - - Land in
Business $777 $2,169 ($636)
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Real Estate Rented to Others
51. Ending Value $606 $0 $1,222
52. Beginning Value (-) $606 $0 $1,222
53. Gain - - Rental Real Estate $0 $0 $0
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Family Living Expenses
54. Food, Clothing & Shelter $22,557 $30,641 $14,348
55. Tax Deductible Personal Expenses $2,474 $2,327 $2,623
56. Other Family Expenses ($2,901) $51 ($5,900)
57. Total Family Living Costs $22,129 $33,020 $11,071
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Other Balance Sheet Changes
58-60. (+) Non-Farm Income
(-) Cash-Capital Withdrawn
(+) Cash-Capital Injected $8,288 $12,611 $3,899
61. Construction in Progress (-) $0 $0 $0
62. Gain - -Investments, Securities
& Loans $0 $0 $0
63. After Tax Adjustment Impacts (+) $0 $0 $0
64. Non-Farm Inventory Change (+) $0 $0 $0
65. Total Other Balance Sheet Changes($2,775) ($17,932) $12,614
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66. Change of Net Worth $16,454 $30,884 $1,802
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Farms sorted into top half and bottom half by net farm operating profit.
Due to rounding of figures some variance may occur in totals.