Text Box: July 2009

Bean Selling Price VS Expenses for 2008

Corn Selling Price VS Expenses for 2008

 New Rules – New Tools” was the theme of the 2009 Farm Management Conference in St. Louis, MO this year.  This was the 4th joint conference between the National Association of Farm Business Analysis Specialists and Ranch Business Management Education Association.  The associations’ joint memberships total 400 consultants/educators who work directly with 40,000+ farm families across the United States.  The conference agenda was comprised of a wide variety of topics, including discussion on current federal fiscal economic policy; livestock production & marketing outlook; farm taxation issues; farm entity structuring; farm bill provision and farm business planning .
Additionally, the conference included tours of farm import supplies, such as Monsanto and ADM which further added to the education experience.  This 2009 NAFBAS conference was attended by Bob McHugh, Lyle Stewart, Tom Thaden, Jim Vermazen, and Gary Johnson.

NAFBAS National Conference

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1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Accrued Net Farm  Inc.

4547

37309

68096

38047

51093

64169

88287

87440

133581

176401

138772

Total Cash Farm Income

291189

309236

345826

347954

334388

392821

437272

467112

486962

560209

696826

Total Cash Expense

230775

250824

272637

277120

278031

315344

350569

374151

393452

446615

509642

Management Return

-47094

-3227

26162

-5269

7551

19002

41016

37553

79606

114383

70335

NFI % T Cash Inc

1.56%

12.06%

19.69%

10.93%

15.28%

16.34%

20.19%

18.72%

27.43%

31.48%

19.91%

Gross Profits/Man Year Equiv.

143067

175240

213273

203816

222001

247306

282111

300730

348665

425327

440192

Gross Profits/$ Expense

1.07

1.22

1.36

1.21

1.29

1.30

1.36

1.34

1.53

1.61

1.4

Mach & Power Cost/acre

60.12

59.29

61.52

63.77

61.96

64.11

72.50

82.26

78.56

88.39

105.68

Mach & Power Invst/acre

222.69

217.57

217.85

217.86

233.84

232.34

245.78

279.22

287.07

300.51

312.17

Corn Yield/Acre

151

149

149

146

163.3

161.4

186.8

175

169.1

171.4

178.7

Bean Yield/Acre

50

47

46

46

49

35

50

53.9

54

55

50.8

Current Ratio CA/CL

2.101

2.189

2.535

2.37

2.288

2.43

2.55

2.45

2.79

3.405

3.544

Current Debt Ratio CL/TL

0.39

0.379

0.36

0.357

0.38

0.381

0.392

0.409

0.408

0.391

.373

Debt to Asset Ratio TL/TA

0.314

0.309

0.292

0.291

0.296

0.286

0.279

0.28

0.273

0.239

.231