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
Fruits or Vegetables:3000 Rice; Paddy:1000
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
Feed Purchased:10000
Total Expense:
Farm Income & Expense Income Fruits or Vegetables 3000 Rice; Paddy 1000 Total Income 4000 Expense Feed Purchased 10000 Total Expense 10000 Net Income -6000
Farm businesses
Management
Calculating how much is spent on family living expenses is never easy.
But it can be especially hard when the family and the business are tied
closely together, as they are on the family farm. Revenue is income generated by the farm operations. Farm businesses are
expected to see reduced costs for many major expense categories, including ,fertilizer, feed, and fuel. Farm-Family Financial Challenges Farm families have some unique characteristics that make managing farm-family finances especially challenging.Related Link: Budget Calculator