2008 Analysis Presentation 2008 Analysis Presentation

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  • 1. 2008 Analysis Presentation This presentation is designed to show the average financial and production trends for Iowa farms. All of the farm operators that th t contributed data for this presentation are members of the t ib t d d t f thi t ti b f th Iowa Farm Business Association and received the benefit of an individual report showing how their farm data compared to these averages. If you f l that you could benefit from h feel h ld b fi f knowing these numbers for your operation or if you know someone else who could benefit, please contact one of the consultants listed at www.iowafarmbusiness.org or call the l li d i f b i ll h IFBA State Office at 515-233-5802 for more information.
  • 2. Presentation Summary General Information Corn Enterprise Data p Soybean Enterprise Data Pork Production Data Farrow to Finish & Feeder Pig Beef Production Data Cow/Calf & Feeder Cattle Financial Data
  • 3. Accrued Net Farm Income 200000 180000 160000 140000 120000 100000 80000 60000 40000 20000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Accrued Net Farm Income includes the value of home used products, change in inventory (both value and volume on hand will affect this), and a depreciation charge based on 10% straight line rate with a 10% salvage value on all depreciable items.
  • 4. Gross Profit Per $1 of Expense 1.8 1.6 1.4 1.2 1 0.8 0.6 0.4 0.2 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Gross Profits/$ Expense
  • 5. Power Mach Cost vs Invest. Cost (Per Acre) 350 300 250 200 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Mach & Power Cost Mach & Power Investment
  • 6. Gross Profit Per Man 500000 450000 400000 350000 300000 250000 200000 150000 100000 50000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Gross Profits/Man Year Equivalent
  • 7. IFBA Statewide Data Corn Enterprise p
  • 8. Corn Yields 200 180 160 140 120 100 80 60 40 20 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Corn Yield/Acre
  • 9. Avg. Avg Corn Selling Price 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Avg Selling Corn Price
  • 10. Corn Production Value vs Expenses 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Production Value ($/bu.) Total Cash Expense ($/bu.) Depr Cost ($/bu.)
  • 11. Direct Corn Expenses 120 100 80 60 40 20 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Seed Insecticide Herbicide Fertilizer & Lime Drying & Storage
  • 12. IFBA Statewide Data Bean Enterprise
  • 13. Bean Yields 60 50 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Bean Yield
  • 14. Avg. Avg Bean Selling Price 12 10 8 6 4 2 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Avg Selling Bean Price
  • 15. Bean Production Value vs Expenses 12 10 8 6 4 2 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Production Value ($/bu.) Total Cash Expense ($/bu.) Depr Cost ($/bu.)
  • 16. Direct Bean Expenses 40 35 30 25 20 15 10 5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Seed Insecticide Herbicide Fertilizer & Lime Drying & Storage
  • 17. IFBA Statewide Data Hog Enterprises
  • 18. Farrow/Finish Feed Conv. Conv 3.95 3.9 3.85 3.8 3.75 3.7 3.65 3.6 3.55 3.5 35 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Lbs/Gain
  • 19. Farrow/Finish Returns 250 200 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Return $100/fed
  • 20. Feeder Pig Returns 180 160 140 120 100 80 60 40 20 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Return $100/fed
  • 21. Farrow/Finish Profitability 60 50 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Value Cwt Feed Cost/Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.
  • 22. Feeder Pig Feed Conv. Conv 3.6 3.5 3.4 34 3.3 3.2 3.1 3 2.9 29 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Lbs/Gain
  • 23. Feeder Pig Profitability 45 40 35 30 25 20 15 10 5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Value Cwt Feed Cost/Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.
  • 24. IFBA Statewide Data Cattle Enterprises
  • 25. Cow/Calf Feed Returns 250 200 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Return $100/fed
  • 26. Cow/Calf Profitability 100 90 80 70 60 50 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Value Cwt Feed Cost/Cwt Produced Cash Cost $/Cwt Depr cost $/Cwt.
  • 27. Feeder Cattle Returns 250 200 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Return $100/fed
  • 28. Feeder Cattle Feed Conv. Conv 16 14 12 10 8 6 4 2 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Feed Lbs/Gain
  • 29. Feeder Cattle Profitability 80 70 60 50 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Value Cwt. Feed Cost/Cwt Produced Cash Cost $/Cwt Depr Cost $/Cwt.
  • 30.