1. Missouri FBMA 2011 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 1 st –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 excluded from the upper end because of range.) NFI by Farm Average NFI = $148,886 Median NFI = $74,806

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

13. 2011 Missouri FBMA Income Sources

15. 2011 Missouri FBMA Expense Sources

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

19. MO 2005 MO 2006 MO 2007 MO 2008 MO 2009 MO 2010 MO 2011 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms)(138 farms)(151 farms) Gross Cash Farm$325,631$394,389$391,192$405,230$496,562$567,187$582,940 Income Total Cash Expense$273,566$327,150$315,503$331,787$411,290$433,597$469,897 Net Cash Farm$52,065$67,239$75,689$73,443$85,272$133,590$113,043 Income Inventory Changes$6,925$31,317$58,884-$5,931$28,059$45,383$61,646 Depreciation-$6,510-$11,894-$11,878-$15,018-$21,817-$26,125-$31,434 Demographics

20. MO 2005 MO 2006 MO 2007 MO 2008 MO 2009 MO 2010 MO 2011 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms)(138 farms)(151 farms) Net Farm Income$62,480$86,662$122,695$52,507$92,019$160,387$148,886 (cash) Value of Farm$252,846$335,070$367,326$314,900$413,657$495,231$505,233 Production Total Labor2,6573,3233,1522,9733,1933,1623,011 Hours/Farm Net Farm$39.33$47.78$70.91$32.50$59.72$103.45$100.55 Income/Unpaid Hour Demographics – (continued)

21. MO 2005 MO 2006 MO 2007 MO 2008 MO 2009 MO 2010 MO 2011 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms)(138 farms)(151 farms) Total Acres Owned420426436403435477397 Total Crop Acres686830739692829827684 Crop Acres Cash222260236253326327262 Rented Crop Acres Share209298240210227222193 Rented Demographics – Acres

22. MO 2005 MO 2006 MO 2007 MO 2008 MO 2009 MO 2010 MO 2011 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms)(138 farms)(151 farms) Average Age of47.647.446.346.448.749.548.9 Operator Average Number of24.325.323.623.226.227.126.2 Years Farming Demographics – Operators

23. Demographics – Crop Yields MO Ag Statistical ServiceMO FBMA Farms 2006/Avg2007/Avg2008/Avg2009/Avg2010/Avg2011/Avg2006/Avg2007/Avg2008/Avg2009/Avg2010/Avg2011/Avg Corn (bu.)138142144153123128137131149.2109.8115.2 Soybeans (bu.)38373843.541.540 3445.544.640.4 Winter Wheat (bu.)544348474547485241.341.453.9 Grain Sorghum (bu.)8596978678798981--- Hay (T.) Mixed (All Hay)2.071.962.3 2.62.242.82.0

24. Current Ratio

25. Working Capital

26. Farm Debt to Asset Ratio (MKT)

27. Farm Equity to Asset Ratio (MKT)

28. Farm Debt to Equity Ratio (MKT)

29. Rate of Return on Farm Assets (COST)

30. Rate of Return on Farm Equity (COST)

31. Operating Profit Margin (COST)

32. Net Farm Income (COST)

33. Term Debt Coverage Ratio

34. Capital Replacement Margin

35. Asset Turnover Rate (Cost)

36. Operating Expense Ratio

37. Depreciation Expense Ratio

38. Interest Expense Ratio

39. Net Farm Income Ratio

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

41. 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

42. 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

43. 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

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