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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. $110,381 $160,024 $59,975
2. Livestock & Livestock Products $73,524 $78,881 $68,084
3. Other Farm Income $6,464 $9,700 $3,179
4. Total Gross Sales $190,370 $248,606 $131,238
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Income Adjustments
5. Market Livestock & Livestock
Products Inventory Change ($279) $5,751 ($6,404)
6. Breeding Livestock Inventory Change ($889) $202 ($1,998)
7. Crop Inventory Increase ($2,401) ($723) ($4,104)
8. Hedging Gains or Losses - Net $216 $675 ($249)
9 Total Income Adjustments ($3,354) $5,906 ($12,758)
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10. Total Accrual Income $187,015 $254,512 $118,480
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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 $3,084 $4,888 $1,251
13. Commercial Feed $12,415 $11,065 $13,786
14. Commercial Feed Inventory Change ( - ) ($776) ($109) ($1,453)
15. Total Adjusted Farm Product
Purchases $40,255 $43,201 $37,263
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16. Value of Farm Production $146,760 $211,310 $81,216
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Operating Expenses
17. Livestock Except Feed $3,090 $3,592 $2,580
Crops
18. Plant Food $15,060 $19,219 $10,836
19. Chemicals $10,313 $13,878 $6,693
20. Seeds, Plants & Supplies $13,860 $19,976 $7,650
21. Marketing $1,051 $1,216 $883
22. Insurance $1,463 $2,219 $695
23. Total Direct Crop Expense
(Lines 17+18+19+20+21) $41,747 $56,509 $26,758
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24. Labor $8,961 $10,710 $7,185
25. Machine Hire $4,391 $5,086 $3,686
26. Insurance $2,916 $3,486 $2,337
27. Machinery & Equipment Operation $18,289 $22,647 $13,864
28. Utilities $3,230 $3,904 $2,545
29. Taxes $2,423 $2,715 $2,127
30. Rent $11,216 $18,231 $4,092
31. Real Estate Repair & Maintenance $3,545 $3,584 $3,505
32. Miscellaneous ($3,174) ($4,152) ($2,182)
33. Total Direct Production Expenses $96,638 $126,318 $66,502
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Expense Adjustments
34. Supplies - Inventory Change $1,793 $1,814 $1,773
35. Operating Margin (16-33+34) $51,915 $86,806 $16,487
Interest Costs
36. Interest Paid $15,418 $19,552 $11,221
Depreciation
37. Machinery & Equipment $12,230 $15,684 $8,723
38. Real Estate $2,357 $2,588 $2,124
39. Total Depreciation $14,588 $18,273 $10,847
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40. Total Operating Costs
(15+33-34+36+39) $165,107 $205,531 $124,061
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41. Net Farm Operating Profit
(10-40) $21,908 $48,981 ($5,581)
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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) $23,467 $50,841 ($4,327)
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Land Value Changes
Real Estate Farmed
46. Ending Value $358,247 $409,221 $306,489
47. Sales (+) $509 $1,012 $0
48. Purchases & Improvements (-) $7,379 $12,501 $2,179
49. Beginning Value (-) $350,514 $395,391 $304,947
50. Gain - - Land in Business $862 $2,339 ($636)
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 $22,466 $30,641 $14,166
55. Tax Deductible Personal Expenses $2,437 $2,327 $2,548
56. Other Family Expenses ($2,879) $89 ($5,893)
57. Total Family Living Costs $22,024 $33,058 $10,821
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Other Balance Sheet Changes
58-60. (+) Non-Farm Income
(-) Cash-Capital Withdrawn
(+) Cash-Capital Injected $8,140 $11,934 $4,288
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 $11,492 $6,180 $16,886
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66. Calculated Change of Net Worth $13,797 $26,302 $1,101
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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.