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Missouri FBMA 2011 Analysis and Comparisons

Missouri FBMA 2011 Analysis and Comparisons. 2011 FBMA Record Summary. 153 Farms Submitted Analysis 151 Included in Summary 111 with enterprise analysis (81 in 2010) 40 with whole farm only (57 in 2010) Not Included

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Missouri FBMA 2011 Analysis and Comparisons

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  1. Missouri FBMA2011 Analysis and Comparisons

  2. 2011 FBMA Record Summary • 153 Farms Submitted Analysis • 151 Included in Summary • 111 with enterprise analysis (81 in 2010) • 40 with whole farm only (57 in 2010) • Not Included • 2 with less than 250 unpaid hours and/or small gross income and/or non-typical operation • 1 1st –year balance sheet (8 in 2010) • 18-20 farms new to the summary

  3. 2011 Distribution of Net Farm Income (Cost)(NFI from all farms are included in the Median and Average figures but 1 farm NFI is excludedfrom the upper end because of range.) NFI by Farm Average NFI = $148,886 Median NFI = $74,806

  4. Note: ‘07-’10 Hogs not included in graph.

  5. Note: ‘07-’10 Hogs not included in graph.

  6. 2011 Missouri FBMA Income Sources

  7. 2011 Missouri FBMA Expense Sources

  8. * FBMA farms that included a complete crop enterprise analysis, including all direct and overhead costs (53 farms in 2011).

  9. Demographics

  10. Demographics – (continued)

  11. Demographics – Acres

  12. Demographics – Operators

  13. Demographics – Crop Yields

  14. Current Ratio

  15. Working Capital

  16. Farm Debt to Asset Ratio(MKT)

  17. Farm Equity to Asset Ratio(MKT)

  18. Farm Debt to Equity Ratio(MKT)

  19. Rate of Return on Farm Assets(COST)

  20. Rate of Returnon Farm Equity (COST)

  21. Operating Profit Margin(COST)

  22. Net Farm Income(COST)

  23. Term Debt Coverage Ratio

  24. Capital ReplacementMargin

  25. Asset Turnover Rate(Cost)

  26. Operating Expense Ratio

  27. Depreciation ExpenseRatio

  28. Interest Expense Ratio

  29. Net Farm Income Ratio

  30. What is the Economic Impact of an FBMA Farm in a Local Community in 2011?

  31. Money Spent by the Average 2011 Missouri FBMA Farm in the Local Community & Service Area • With Other Farmers $44,266 • (Brd/Non-Brd.-Livestock & Custom Work) • With Other Landowners $42,207 • (Cash Land Rent/Land Leases) • For Labor $20,386 • For Farm Utilities $6,474

  32. Money Spent (continued) • With Agribusiness Community $338,959 • Crop Production Expenses $156,858 • Livestock Production Expenses $110,541 • Fuel & Repair Expenses $51,498 • Other/Misc. Expenses $13,821 • Farm Insurance $6,241

  33. Money Spent (continued) • With Lenders (Interest) $19,247 • For Farm Equipment/Vehicles/Leases $77,133 • For Farm Assets $37,296 • (Bldgs./Land/Impr. - Other Farm Assets) • For Local Government $3,878 • (Real Estate/Personal Prop Taxes) • Family Living/Non-Farm Expenses* $70,573 • (Inc. Taxes & Purch. Of Non-Farm Assets) *Partially reported

  34. Total Annual Spending Within the Community or Service Area by the Average Missouri FBMA Farm…........................ $660,419

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