SUMMARY YEAR: 2001 Average Farm Top 1/2 Bottom 1/2
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Number of Farms 131 66 65
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A. Farm Owner-Operator-Manager Share of Farm Earnings
1. Net Farm Operating Profit $21,908 $48,981 ($5,581)
2. Less Managerial Labor $9,846 $11,266 $8,405
3. Return to Equity & Management $12,061 $37,714 ($13,986)
4. Interest on Average Capital
Less Interest Paid $30,504 $32,787 $28,186
5. Return to Management ($18,443) $4,927 ($42,173)
6. Return to Management Per
Managerial Year ($25,615) $6,236 ($65,895)
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B. Total Farm Asset Earnings (by person)
8. Return to Land, Labor,
Capital & Management $46,288 $79,244 $12,826
9. Charge for Land, Labor,
& Capital $64,732 $74,317 $54,999
10. Return to Management ($18,443) $4,927 ($42,173)
11. Return to Capital & Management $27,480 $57,267 ($2,764)
12. Percent Return to Capital
& Management 4.78% 8.75% (.56%)
13. Return to Managerial Labor
and Management ($8,596) $16,193 ($33,768)
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C. Factor Data
14. Value of Managerial Labor $9,846 $11,266 $8,405
15. Hours of Managerial Labor 1,727 1,935 1,516
16. Managerial Years of Labor .72 .79 .64
17. Value Hired
& Unpaid Family Labor $8,961 $10,710 $7,185
18. Hours Hired
& Unpaid Family Labor 1,191 1,345 1,033
19. Total Farm Labor Value $18,808 $21,977 $15,590
20. Total Farm Labor Hours 2,918 3,281 2,550
21. Value of Production Per Hour $50.28 $64.39 $31.84
22. Labor Charge Per Hour $6.44 $6.69 $6.11
23. Labor Charge Per $100 Production $13.56 $11.00 $20.33
24. Machine Charge Per $100 Production $26.15 $22.46 $35.91
25. Labor & Machine Charge
Per $100 Production $39.71 $33.46 $56.24
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D. Average Capital Managed
26. Land & Improvements $377,126 $416,964 $336,676
27. Machinery & Equipment $35,171 $40,883 $29,371
28. Breeding Livestock $38,613 $44,260 $32,879
29. Operating Capital $123,133 $152,143 $93,677
30. Total Capital $574,045 $654,251 $492,605
31. Capital Turnover 3.91:1 3.09:1 6.06:1
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Note: Farms sorted into top half and bottom half by net farm operating profit.
Due to rounding of figures some variance may occur in totals.