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Finances
If we want to include capital gains on assets in our financial performance metrics, return on assets and return on equity are preferable. This article examines trends in return on assets and its components for the U.S. farm sector.
Read MoreWe examine trends in capital expenditures and compares capital expenditures to capital consumption (i.e., economic depreciation).
Read MoreThis article examines the persistence of financial performance measures for a sample of farms over a five-year period. Specifically, using KFMA whole-farm data for farms with continuous data from 2015 to 2019, the operating profit margin ratio is computed for each farm and year.
Read MoreThis article examined trends in liquidity for a sample of KFMA farms. Liquidity, measured using the current ratio, has declined substantially since its peak in 2013.
Read MoreThis article discussed recent trends in feeding cost of gain, the feeder to fed price ratio, breakeven prices, and cattle finishing net returns. Average cattle finishing losses in 2019 were estimated to be approximately $80 per head. Average losses for 2020 are projected to be approximately $85 per head.
Read MoreUSDA’s farm income forecasts are downward bias due to high costs of over-prediction.
Read MoreThis article examines trends in the operating profit margin for a sample of farms over a ten-year period and develops financial performance benchmarks. Specifically, using KFMA whole-farm data for farms with continuous data from 2010 to 2019, the operating profit margin ratio is computed for each farm and year. Also, the operating profit margin ratio and corresponding farm characteristics are compared across financial performance quartiles.
Read MoreThis article is one of a series of financial management articles that examine financial statements and financial analysis. In this article, repayment capacity measures are illustrated for a case farm and discussed.
Read MoreThis article is one of a series of articles that examine financial statements and financial analysis. In this article, a case farm in west central Indiana is used to illustrate financial performance benchmarks for profitability and financial efficiency ratios.
Read MoreIt takes a lot of family and hired labor to run modern farms. Labor is an important and costly input and farm managers need to ask if they are getting the efficiency and productivity needed from that labor to be competitive. One way to evaluate this question is to use benchmarks created using data from similar farms. Labor benchmarks should include family and operator labor as well as hired labor.
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