1. Missouri FBMA 2009 Analysis and Comparisons

2. 2009 FBMA Record Summary 149 Farms Submitted Analysis –134 Included in Summary 71 with enterprise analysis (56 in 2008) 63 with whole farm only (85 in 2008) –15 Not Included 4 with less than 250 unpaid hours and/or small gross income and/or non-typical operation 8 with incomplete or missing data 3 1 st –year balance sheets

3. 2009 Distribution of Net Farm Income (Cost) (NFI from all farms are included in the Median and Average figures but 5 farms’ NFI is excluded from the upper and 4 from the lower end because of range.) NFI by Farm Average NFI Median NFI

9. Note: ‘07-’09 Hogs not included in graph.

13. 2009 Missouri FBMA Income Sources

15. 2009 Missouri FBMA Expense Sources

19. MO 2005MO 2006MO 2007MO 2008MO 2009 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms) Gross Cash Farm$325,631$394,389$391,192$405,230$496,562 Income Total Cash Expense$273,566$327,150$315,503$331,787$411,290 Net Cash Farm$52,065$67,239$75,689$73,443$85,272 Income Inventory Changes$6,925$31,317$58,884-$5,931$28,059 Depreciation-$6,510-$11,894-$11,878-$15,018-$21,817 Demographics

20. MO 2005MO 2006MO 2007MO 2008MO 2009 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms) Net Farm Income$62,480$86,662$122,695$52,507$92,019 (cash) Value of Farm$252,846$335,070$367,326$314,900$413,657 Production Total Labor2,6573,3233,1522,9733,193 Hours/Farm Net Farm$39.33$47.78$70.91$32.50$59.72 Income/Unpaid Hour Demographics – (continued)

21. MO 2005MO 2006MO 2007MO 2008MO 2009 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms) Total Acres Owned420426436403435 Total Crop Acres686830739692829 Crop Acres Cash222260236253326 Rented Crop Acres Share209298240210227 Rented Demographics – Acres

22. MO 2005MO 2006MO 2007MO 2008MO 2009 (97 farms)(80 farms)(122 farms)(141 farms)(134 farms) Average Age of47.647.446.346.448.7 Operator Average Number of24.325.323.623.226.2 Years Farming Demographics – Operators

23. Demographics – Crop Yields MO Ag Statistical ServiceMO FBMA Farms 2006/Avg2007/Avg2008/Avg2009/Avg2006/Avg2007/Avg2008/Avg2009/Avg Corn (bu.)138142144153128137131149.2 Soybeans (bu.)38373843.540 3445.5 Winter Wheat (bu.)54434847 485241.3 Grain Sorghum (bu.)85969786798981- Hay (T.) Mixed (All Hay)2.072.3 2.62.24

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 Average Farm in a Local Community?

41. Money Spent by the Average 2009 Missouri FBMA Farm in the Local Community & Service Area With Other Farmers$38,717 –(Brd/Non-Brd.-Livestock & Custom Work) With Other Landowners$35,437 –(Cash Land Rent/Leases) For Labor$20,177 For Farm Utilities $6,854

42. Money Spent (continued) With Agribusiness Community$280,683 –Crop Production Expenses $130,637 –Livestock Production Expenses $90,625 –Fuel & Repair Expenses $40,914 –Other/Misc. Expenses $12,829 –Farm Insurance $5,678

43. Money Spent (continued) With Lenders (Interest) $20,146 For Farm Equipment/Vehicles/Leases$46,725 For Farm Assets$61,645 –(Bldgs./Land/Impr. - Other Farm Assets) For Local Government $3,818 –(Real Estate/Personal Prop Taxes) Family Living/Non-Farm Expenses*$56,704 –(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…........................ $570,906