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Missouri FBMA 2010 Analysis and Comparisons

Missouri FBMA 2010 Analysis and Comparisons. 2010 FBMA Record Summary. 141 Farms Submitted Analysis 138 Included in Summary 81 with enterprise analysis (71 in 2009) 57 with whole farm only (63 in 2009) Not Included

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Missouri FBMA 2010 Analysis and Comparisons

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  1. Missouri FBMA2010 Analysis and Comparisons

  2. 2010 FBMA Record Summary • 141 Farms Submitted Analysis • 138 Included in Summary • 81 with enterprise analysis (71 in 2009) • 57 with whole farm only (63 in 2009) • Not Included • 3 with less than 250 unpaid hours and/or small gross income and/or non-typical operation • 8 1st –year balance sheets (3 in 2009)

  3. 2010 Distribution of Net Farm Income (Cost)(NFI from all farms are included in the Median and Average figures but 4 farms’ NFI is excludedfrom the upper and 4 from the lower end because of range.) NFI by Farm Average NFI = $160,387 Median NFI = $105,443

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

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

  6. 2010 Missouri FBMA Income Sources

  7. 2010 Missouri FBMA Expense Sources

  8. Demographics

  9. Demographics – (continued)

  10. Demographics – Acres

  11. Demographics – Operators

  12. Demographics – Crop Yields

  13. Current Ratio

  14. Working Capital

  15. Farm Debt to Asset Ratio(MKT)

  16. Farm Equity to Asset Ratio(MKT)

  17. Farm Debt to Equity Ratio(MKT)

  18. Rate of Return on Farm Assets(COST)

  19. Rate of Returnon Farm Equity (COST)

  20. Operating Profit Margin(COST)

  21. Net Farm Income(COST)

  22. Term Debt Coverage Ratio

  23. Capital ReplacementMargin

  24. Asset Turnover Rate(Cost)

  25. Operating Expense Ratio

  26. Depreciation ExpenseRatio

  27. Interest Expense Ratio

  28. Net Farm Income Ratio

  29. What is the Economic Impact of an Average Farm in a Local Community?

  30. Money Spent by the Average 2010 Missouri FBMA Farm in the Local Community & Service Area • With Other Farmers $41,168 • (Brd/Non-Brd.-Livestock & Custom Work) • With Other Landowners $38,437 • (Cash Land Rent/Land Leases) • For Labor $19,903 • For Farm Utilities $6,255

  31. Money Spent (continued) • With Agribusiness Community $305,514 • Crop Production Expenses $139,280 • Livestock Production Expenses $93,838 • Fuel & Repair Expenses $50,513 • Other/Misc. Expenses $16,163 • Farm Insurance $5,720

  32. Money Spent (continued) • With Lenders (Interest) $21,216 • For Farm Equipment/Vehicles/Leases $72,249 • For Farm Assets $73,833 • (Bldgs./Land/Impr. - Other Farm Assets) • For Local Government $4,092 • (Real Estate/Personal Prop Taxes) • Family Living/Non-Farm Expenses* $75,225 • (Inc. Taxes & Purch. Of Non-Farm Assets) *Partially reported

  33. Total Annual Spending Within the Community or Service Area by the Average Missouri FBMA Farm…........................ $657,892

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