Select Income Entries Amount
Grain Sales Corn Soybeans Wheat; Barley Beans Sugar Crops (beet, cane) Oil-bearing Crops(peanut, rapeseed, sesame, soybean, sunflower, olive) Fruits or Vegetables Wine Rice; Paddy Beverage Crops (tea, coffee, cocoa) Cotton Hay and Straw Other Grains Other Crops Livestock Sales Springing Heifers, Bulls and Cows Milk and Dairy Products Eggs Sales Wool Tobacco Poultry Lambs and Sheep Cattle and Calves Swine Value of Commodity Wage Transferred Materials & Services Capital Retains Agriculture Program Payments Bring in Forms 1099-G Custom Hire / Machine Work Income State Gasoline Tax Refund Received Federal Gasoline Tax Refund from Prior Year’s Return Crop Insurance or Disaster Payments Repayment of Prior Year’s ASCS Payments Cash Commodity Credit Loans(if treated as income) Landlord or Tenant Reimbursement Other
List of Income Items farming :18000 events random dinners 5 per year :35000 weddings 4 per year :40000 photography - rent property for photo shoots 3 times per month:24000 for 8 months per year on avg. per day $: 1000 vineyard owner leases land on hill 15 acres annually : 15000 horse rental for pole barn and riding on property designated areas :7200 - horse 2 -3 high end horses 300 per month :0
Total Income:
Select Expense Items Amount
Seeds & Plants Purchased Fertilizer & Lime Feed Purchased Chemicals Veterinary Fees, Breeding & Medicines Mortgage Interest Bank Charges (business) Insurance Paid to Financial Institution Other Interest Repairs & Maintenance Supplies Purchased Freight, Trucking Gasoline, Fuels, Oil Non-Highway Fuel Used Storage, Warehousing Employee Benefits Attorney & Professional Fees Advertising Taxes Labor Hired Paid to Individuals Meals Served Hired Help Land Clearing Utilities Office Supplies & Postage Telephone Personal Consumption Licenses Education (farm related) Farm Conservancy Rent or Lease Trailer Licenses CCC deduction Farm Organization Dues & Publications Travel,Overnight Lodging & Food Other
List of Expenses Items Mortgage Interest:10000 Taxes:8900 landscape/ maintenance :5500 misc. annual misc.items adding parking etc. :3000 septic per year:50 Utilities minimal electric right now:2000 Well maintenance / pump :200
Total Expense:
Farm Income & Expense Income farming 18000 events random dinners 5 per year 35000 weddings 4 per year 40000 photography - rent property for photo shoots 3 times per month 24000 for 8 months per year on avg. per day $ 1000 vineyard owner leases land on hill 15 acres annually 15000 horse rental for pole barn and riding on property designated areas 7200 - horse 2 -3 high end horses 300 per month 0 Total Income 140200 Expense Mortgage Interest 10000 Taxes 8900 landscape/ maintenance 5500 misc. annual misc.items adding parking etc. 3000 septic per year 50 Utilities minimal electric right now 2000 Well maintenance / pump 200 Total Expense 29650 Net Income 110550
Farm businesses
Management Related Link: Budget Calculator
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