1. Missouri FBMA 2008 Analysis and Comparisons

2. 2008 FBMA Record Summary 161 Farms Submitted Analysis –141 Included in Summary 56 with enterprise analysis 85 with whole farm only –20 Not Included 6 with less than 250 unpaid hours and/or small gross income 14 with incomplete or missing data – corrections not made 23 1 st –year balance sheets only

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

13. Demographics – (continued) Net Farm Income (cash) Value of Farm Production Total Labor Hours/Farm Net Farm Income/Unpaid Hour MO 2005 MO 2006 MO 2007 MO 2008 (97Farms) (80 Farms) (122 Farms) (141 Farms) $62,480 $86,662 $122,695 $52,507 $252,846 $335,070 $367,326 $314,900 2,657 3,323 3,152 2,973 $39.33 $47.78 $70.91 $32.50

14. Demographics – Acres MO 2005 MO 2006 MO 2007 MO 2008 97 Farms 80 Farms 122 farms 141 Farms Total Acres Owned 420 426 436 403 Total Crop Acres 686 830 739 692 Crop Acres Cash Rented 222 260 236 253 Crop Acres Share 209 298 240 210 Rented

15. Demographics – Operators MO 2005 MO 2006 MO 2007 MO 2007 97 Farms 80 Farms 122 farms 141 Farms Average Age of 47.6 47.4 46.3 46.4 Operator Average Number 24.3 25.3 23.6 23.2 of Years Farming

16. Demographics – Crop Yields MO Ag. Statistical ServiceMO FBMA Farms 2006/Avg2007/Avg2008/Avg2006/Avg2007/Avg2008/Avg Corn (bu.) 138142144128137131 Soybeans (bu.) 38373840 34 Winter Wheat (bu.) 544348474852 Grain Sorghum (bu.) 859697798981 Hay, (T) Mixed 2.3 2.6

17. Current Ratio

18. Working Capital

19. Farm Debt to Asset Ratio (MKT)

20. Farm Equity to Asset Ratio (MKT)

21. Farm Debt to Equity Ratio (MKT)

22. Rate of Return on Farm Assets (COST)

23. Rate of Return on Farm Equity (COST)

24. Operating Profit Margin (COST)

25. Net Farm Income (COST)

26. Term Debt Coverage Ratio

27. Capital Replacement Margin

28. Asset Turnover Rate (Cost)

29. Operating Expense Ratio

30. Depreciation Expense Ratio

31. Interest Expense Ratio

32. Net Farm Income Ratio

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

34. Money Spent by the Average 2008 Missouri FBMA Farm in the Local Community & Service Area With Other Farmers$34,805 –(Brd/Non-Brd.-Livestock & Custom Work) With Other Landowners$30,754 –(Cash Land Rent/Leases) For Labor$14,949 For Farm Utilities $5,963

35. Money Spent (continued) With Agribusiness Community$244,268 –Crop Production Expenses $101,001 –Livestock Production Expenses $89,223 –Fuel & Repair Expenses $40,263 –Other/Misc. Expenses $8,742 –Farm Insurance $5,039

36. Money Spent (continued) With Lenders (Interest/Leases)$17,800 For Farm Equipment/Vehicles$42,879 For Farm Assets$33,923 –(Bldgs./Land/Impr. - Other Farm Assets) For Local Government $3,311 –(Real Estate/Personal Prop Taxes) Family Living Expenses*$59,224 –(Inc. Taxes & Purch. Of Non-Farm Assets) *Partially reported

37. Total Annual Spending Within the Community or Service Area by the Average Missouri FBMA Farm…........................ $487,876

38. FBMA & FINBIN Comparisons 2005-2008