File: Organic_Dairy_Transition User: Tim Beck, Penn State Cooperative Extension FINPACK Printed 11/05/2007 3:18:10 PM
|
|
|
- Blaze Joseph
- 5 years ago
- Views:
Transcription
1 Organic_Dairy_Transition FINLRB: Options File: Organic_Dairy_Transition User: Tim Beck, FINPACK Printed 11/05/2007 3:18:10 PM PLAN DESCRIPTION Buy Corn $25 Milk $27 Milk $29 Milk Organic Total crop acres Total pasture acres Total labor hours 3,850 3,850 3,850 3,850 3,850 3,850 Change in farm assets 225, , , , , ,000 Change in farm liabilities 245, , , , ,200 - Crop Plan Yield/Acre Share Hay, Grass 4.0 ton 100 % Pasture, Feed Intensive 15.0 ton 100 % Corn Silage 22.5 ton 100 % Fd Corn, HM, HMSC 5.1 ton 100 % Livestock Plan Unit Sales/Unit Dairy, Conventional Cow lb Dairy, Organic, Buy Corn Cow lb Dairy, Organic $25 Cow lb Dairy, Organic $27 Cow lb Dairy, Organic $29 Cow lb Dairy Replac, Conventional head 1.00 head Dairy Replac, Organic head 1.00 head Corn, Feed HM (ton) Produced Fed Balance Hay, Grass (ton) Produced Fed Balance Corn Silage (ton) Produced Fed Balance Rye Silage (ton) Produced Fed Balance Pasture, Feed Intensive (ton) Produced Fed Balance
2 Organic_Dairy_Transition Options Page 2 11/05/2007 3:18:10 PM PROFITABILITY INCOME STATEMENT (Typical Year) Buy Corn $25 Milk $27 Milk $29 Milk Organic Corn, Feed HM $ 149/ton Milk $ 15.75/cwt. 189, Milk $ 27.00/cwt , Milk $ 25.00/cwt , Milk $ 27.00/cwt , ,600 Milk $ 29.00/cwt ,200 - Cull breeding livestock 10,752 10,752 10,752 10,752 10,752 10,752 Misc. livestock income 3,240 3,240 3,240 3,240 3,240 3,240 (A) Gross farm income 203, , , , , ,637 Crop seed 5,182 2,563 5,182 5,182 5,182 5,182 Crop fertilizer 6,603 3,492 6,603 6,603 6,603 6,603 Crop custom hire 9,406 7,996 9,406 9,406 9,406 9,406 Crop land rent 4,500-4,500 4,500 4,500 4,500 Purchased Fd Corn, HM $ 575/ton - 87, Purchased Grass Hay $ 72.60/ton 1,452 1,452 1,452 1,452 1,452 1,452 Purchased feed 52, , , , , ,470 Breeding fees 3,600 1,200 1,200 1,200 1,200 1,200 Veterinary 9,490 6,850 6,850 6,850 6,850 6,850 Livestock supplies 3,840 3,840 3,840 3,840 3,840 3,840 DHIA 1,680 1,680 1,680 1,680 1,680 1,680 Livestock marketing 12,843 12,843 12,843 12,843 12,843 12,843 Bedding 4,600 4,600 4,600 4,600 4,600 4,600 Livestock miscellaneous 1,100 1,100 1,100 1,100 1,100 1,100 Interest 12,958 12,958 12,958 12,958 12, Fuel & oil 1,500 1,500 1,500 1,500 1,500 1,500 Repairs 1,500 1,500 1,500 1,500 1,500 1,500 Hired labor 6,000 6,000 6,000 6,000 6,000 6,000 Land rent 6,000 6,000 6,000 6,000 6,000 6,000 Building leases 15,000 15,000 15,000 15,000 15,000 15,000 Farm insurance Utilities 3,600 3,600 3,600 3,600 3,600 3,600 Dues & professional fees 1,200 1,200 1,200 1,200 1,200 1,200 Miscellaneous 3,240 3,240 3,240 3,240 3,240 3,240 (B) Total cash farm expense 168, , , , , ,451 (C) Net cash farm income 34,868 3,622 57,713 79, ,913 92,186 Depreciation (D) Net farm income 34,868 3,622 57,713 79, ,913 92,186
3 Organic_Dairy_Transition Options Page 3 11/05/2007 3:18:10 PM PROFITABILITY MEASURES (Market) Buy Corn $25 Milk $27 Milk $29 Milk Organic Net farm income (D) 34,868 3,622 57,713 79, ,913 92,186 Labor & management earnings (D-E) 34,868 3,562 57,653 79, ,853 77,426 Rate of return on farm assets (H/I) 10.1 % -2.4 % 18.2 % 26.5 % 34.9 % 26.6 % Rate of return on farm equity (J/K) - % -1,894. % 3,185.7 % 5,237.7 % 7,289.7 % 26.5 % Rate of return on added investment (L/M) % % % % % Operating profit margin (H/N) 15.3 % -5.9 % 26.8 % 34.6 % 40.8 % 34.6 % Asset turnover (N/I) 66.0 % 41.2 % 67.9 % 76.7 % 85.4 % 76.7 % (E) Interest on farm net worth (K* 6%) ,760 (F) Farm interest paid 12,958 12,958 12,958 12,958 12, (G) Value operators labor & mgt 24,965 22,569 25,856 26,936 28,016 26,936 (H) Return on farm assets (D+F-G) 22,860-5,989 44,815 65,335 85,855 65,335 (I) Total farm assets 226, , , , , ,000 (J) Return on farm equity (D-G) 9,902-18,947 31,857 52,377 72,897 65,250 (K) Total farm net worth -19,000 1,000 1,000 1,000 1, ,000 (L) Added return to added investment -28,849 21,955 42,475 62,995 42,475 (M) Added capital invested 20,000 20,000 20,000 20,000 19,800 (N) Value of farm production 149, , , , , ,715 LIQUIDITY CASH FLOW (Typical Year) Net cash farm income (C) 34,868 3,622 57,713 79, ,913 92,186 Nonfarm income (+) Net cash available (=) 34,868 3,622 57,713 79, ,913 92,186 Family living (-) 30,000 30,000 30,000 30,000 30,000 30,000 Income taxes and social security (-) 5, ,953 19,932 28,626 25,329 (R) Cash available for principal payments (=) ,479 14,759 29,381 42,287 36,856 Farm interest paid (+) 12,958 12,958 12,958 12,958 12, Cash avail. for principal and interest (=) 12,125-13,521 27,717 42,339 55,245 36,941 Bank 32,785 32,785 32,785 32,785 32,785 - Bank 2 8,838 8,838 8,838 8,838 8,838 - Bank 3 4,465 4,465 4,465 4,465 4,465 - Operating loan interest (S) Total scheduled principal and interest (-) 46,173 46,173 46,173 46,173 46, Cash available after loan payments (=) -34,048-59,694-18,456-3,834 9,072 36,856 Annual capital replacement Principal paid on intermediate debts 33,215 33,215 33,215 33,215 33,215 - (T) Cash required for replacement (-) (U) Cash surplus or deficit (=) -34,048-59,694-18,456-3,834 9,072 36,856
4 Organic_Dairy_Transition Options Page 4 11/05/2007 3:18:10 PM LIQUIDITY MEASURES Buy Corn $25 Milk $27 Milk $29 Milk Organic Cash available for principal payments (R) ,479 14,759 29,381 42,287 36,856 Annual farm long term principal pymts (-) (V) Cash available for farm intermed. debt (=) ,479 14,759 29,381 42,287 36,856 (W) Farm intermediate debt to be served 245, , , , ,200 - Years to turnover farm intermed. debt (W/V) Surplus as a percent of payments (U/(S+T)) % % % -8.3 % 19.6 % 43,360. % Cash farm expense as % of income (B/A) 82.8 % 98.8 % 79.7 % 74.1 % 69.2 % 69.8 % Farm interest as % of value of prod. (F/N) 8.7 % 12.8 % 7.8 % 6.9 % 6.2 % 0.0 % Farm debt payments as % of value of prod % 45.5 % 27.6 % 24.5 % 22.0 % 0.0 % SOLVENCY BALANCE SHEET (Market) Current farm assets 1,000 1,000 1,000 1,000 1,000 1,000 Intermediate farm assets (+) 225, , , , , ,000 Long term farm assets (+) Nonfarm assets (+) 35,000 35,000 35,000 35,000 35,000 35,000 (X) Total assets (=) 261, , , , , ,000 Current farm liabilities 33,215 33,215 33,215 33,215 33,215 - Intermediate farm liabilities (+) 211, , , , ,985 - Long term farm liabilities (+) Nonfarm liabilities (+) (Y) Total liabilities (=) 245, , , , ,200 - Net worth (X-Y) 16,000 36,000 36,000 36,000 36, ,000 SOLVENCY MEASURES Current percent in debt 3,321.5 % 3,321.5 % 3,321.5 % 3,321.5 % 3,321.5 % - % Current & intermediate pct in debt % 99.6 % 99.6 % 99.6 % 99.6 % - % Long term percent in debt - % - % - % - % - % - % Nonfarm percent in debt - % - % - % - % - % - % Total percent in debt (Y/X) 93.9 % 87.2 % 87.2 % 87.2 % 87.2 % - % NET WORTH CHANGE (Typical Year) Net farm income 34,868 3,622 57,713 79, ,913 92,186 Nonfarm income (+) Family living (-) 30,000 30,000 30,000 30,000 30,000 30,000 Income taxes and social security (-) 5, ,953 19,932 28,626 25,329 Net worth change per year (=) ,479 14,759 29,381 42,287 36,856
5 Organic_Dairy_Transition Options Page 5 11/05/2007 3:18:10 PM FINANCIAL STANDARDS MEASURES Buy Corn $25 Milk $27 Milk $29 Milk Organic Liquidity Current ratio Working capital -32,215-32,215-32,215-32,215-32,215 1,000 Solvency Farm debt to asset ratio % 99.6 % 99.6 % 99.6 % 99.6 % - % Farm equity to asset ratio -8.4 % 0.4 % 0.4 % 0.4 % 0.4 % % Farm debt to equity ratio % 24,520. % 24,520. % 24,520. % 24,520. % - % Profitability Rate of return on farm assets 10.1 % -2.4 % 18.2 % 26.5 % 34.9 % 26.6 % Rate of return on farm equity - % -1,894. % 3,185.7 % 5,237.7 % 7,289.7 % 26.5 % Operating profit margin 15.3 % -5.9 % 26.8 % 34.6 % 40.8 % 34.6 % Net farm income 34,868 3,622 57,713 79, ,913 92,186 Repayment Capacity Term debt coverage ratio 26.1 % % 60.0 % 91.7 % % % Capital replacement margin -34,048-59,694-18,456-3,834 9,072 36,856 Efficiency Asset turnover 66.0 % 41.2 % 67.9 % 76.7 % 85.4 % 76.7 % Operating expense ratio 76.4 % 94.6 % 75.1 % 69.8 % 65.2 % 69.8 % Depreciation expense ratio - % - % - % - % - % - % Interest expense ratio 6.4 % 4.2 % 4.6 % 4.2 % 4.0 % 0.0 % Net farm income ratio 17.2 % 1.2 % 20.3 % 25.9 % 30.8 % 30.2 % CROP AND LIVESTOCK PRODUCTION Hay, Grass ton Pasture, Feed Intensive ton Pasture ton Corn Silage ton Rye Silage ton Corn, Feed HM ton Milk lb. 1,200, Milk lb. - 1,080, Milk lb ,080, Milk lb ,080,000-1,080,000 Milk lb ,080,000 - Dairy Replac head sold Dairy Replac head sold
6 Organic_Dairy_Transition Options Page 6 11/05/2007 3:18:10 PM SENSITIVITY ANALYSIS Buy Corn $25 Milk $27 Milk $29 Milk Organic Effect Of A 2 % Decrease In All Enterprises Net farm income 28,454-3,222 49,679 70,847 92,015 83,720 Cash surplus or deficit -38,734-66,437-23,924-9,515 3,543 31,941 Net worth change per year -5,519-33,222 9,291 23,700 36,758 31,941 Effect Of A 10 % Decrease In All Enterprises Net farm income 2,290-30,598 17,035 36,475 55,915 49,348 Cash surplus or deficit -60,989-93,813-47,545-32,912-19,679 9,066 Net worth change per year -27,774-60,598-14, ,536 9,066
7 Organic_Dairy_Transition Options Page 7 11/05/2007 3:18:10 PM INVESTMENT DETAIL Buy Corn $25 Milk $27 Milk $29 Milk Organic Capital Purchases Cows 168, , , , ,000 - Cows 2 38,000 38,000 38,000 38,000 38,000 - Cows 3 19,200 19,200 19,200 19,200 19,200 - Owned Cows (raised) ,000 Total new investments 225, , , , , ,000 LOAN DETAIL Current liabilities Bank Other change 188, , , , ,000 - Resulting principal balance 188, , , , ,000 - Bank 2 Other change 38,000 38,000 38,000 38,000 38,000 - Resulting principal balance 38,000 38,000 38,000 38,000 38,000 - Bank 3 Other change 19,200 19,200 19,200 19,200 19,200 - Resulting principal balance 19,200 19,200 19,200 19,200 19,200 -
Dairy Grazing Farms in Michigan, Sherrill B. Nott. Staff Paper # October, 2002
Staff Paper Dairy Grazing Farms in Michigan, 2001 by Sherrill B. Nott Staff Paper #2002-30 October, 2002 Copyright: 2002 by Sherrill B. Nott. All rights reserved. Readers may make verbatim copies of this
2010 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2011
2010 Michigan Upper Peninsula Dairy Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2011-12 December, 2011 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
2002 Michigan Dairy Farm Business Analysis Summary. Staff Paper No November Eric Wittenberg and Christopher Wolf
2002 Michigan Dairy Farm Business Analysis Summary Staff Paper No. 03-14 November 2003 by Eric Wittenberg and Christopher Wolf Copyright 2003 by Eric Wittenberg and Christopher Wolf. Readers may make verbatim
2009 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2010
2009 Michigan Upper Peninsula Dairy Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2010-08 December, 2010 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
Farm Income Statement 2015 Moorhead Farm Business Management Annual Report (Farms Sorted By Net Farm Income) Number of farms
Farm Income Statement Cash Farm Income Barley 5,929 2,010 - - 12,581 14,753 Beans, Black Turtle 350 - - - - 1,723 Beans, Navy 3,627 13,512 - - 5,385 - Corn 168,160 172,777 84,655 79,253 289,902 214,568
2014 Dairy Farm Business Summary
Cornell Cooperative Extension Prepared by Department of Applied Economics and Management Cornell University 214 Dairy Farm Business Summary Farm Educator 2/8/215 Progress of the Farm Business SELECTED
A B C D E F G H I Dairy Code: XXX Dairy Business Analysis Project version 8/19/2002 Page 1 Dairy Description /16/2002
1 1 1 1 0 1 0 1 A B C D E F G H I Dairy Code: XXX Dairy Business Analysis Project version /1/00 Page 1 Dairy Description 001 /1/00 Milk Production Prod. Record. System Milking System Milking Frequency
Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors
January 2018 EB 2018 08 Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors Dairy Farm Business Summary New York State Same 128 Farms 2012 2017 Jason Karszes Dyson
2006 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2007
2006 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2007-11 December, 2007 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing,
Cost Concepts Key Questions Chapter 9, pp
Cost Concepts Key Questions Chapter 9, pp. 137-141 How do operating and ownership costs differ? How are ownership costs calculated? In the short run? In the long run? How do cash and noncash costs differ?
Dairy Proforma Calculator (DPC) Instructions Gary G. Frank, Center for Dairy Profitability, UW-Madison August 1, 1998
Dairy Proforma Calculator (DPC) Instructions Gary G. Frank, Center for Dairy Profitability, UW-Madison August 1, 1998 When loading DPC and this message appears, click the No button. Worksheet Appearance
2005 Michigan Feeder Steers Business Analysis Summary. Eric Wittenberg and Roy Black. Staff Paper December, 2006
2005 Michigan Feeder Steers Business Analysis Summary Eric Wittenberg and Roy Black Staff Paper 2006-31 December, 2006 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing, Michigan
Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors
January 2018 EB 2018 01 Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors Dairy Farm Business Summary New York State Same 138 Farms 2011 2016 Jason Karszes Kayla
Statement of Assets Client: as of. Current Assets. INTERMEDIATE ASSETS: Breeding Livestock. Market Livestock. Farm Machinery
Statement of Assets as of Current Assets Current Assets Cash on hand Investments Accounts Receivable Supplies Prepaid Expenses Growing Crops Current Assets Grain & Hay Inventory Grain & Hay on Hand Quantity
Ending Balance Sheet Page 13 of 21
Farm Name Ending Balance Sheet Page 13 of 21 Current Assets Ending Balance Sheet Date: / / 201 Schedule A: Cash, Savings, and Checking Farm cash, checking and savings account balances as of the balance
AEC 851 BUDGETING ACTIVITY ANALYSIS INTRODUCTION TO BUDGETING AND
AEC 851 BUDGETING ACTIVITY ANALYSIS INTRODUCTION TO BUDGETING AND ACTIVITY ANALYSIS P Concepts presented are not complex but important to operations management < A logical way of organizing information
NEW YORK DAIRY FARM RENTERS 2011
OCTOBER 2012 E.B. 2012-13 NEW YORK DAIRY FARM RENTERS 2011 Wayne A. Knoblauch Linda D. Putnam Charles H. Dyson School of Applied Economics and Management College of Agriculture and Life Sciences Cornell
NEW YORK DAIRY FARM DECEMBER 2010 E.B Wayne A. Knoblauch Linda D. Putnam
DECEMBER 2010 E.B. 2010-18 NEW YORK DAIRY FARM RENTERS 2009 Wayne A. Knoblauch Linda D. Putnam Charles H. Dyson School of Applied Economics and Management College of Agriculture and Life Sciences Cornell
BUSINESS SUMMARY DAIRY FARM NORTHERN NEW YORK REGION 2004 AUGUST 2005 E.B
AUGUST 2005 E.B. 2005-07 DAIRY FARM BUSINESS SUMMARY NORTHERN NEW YORK REGION 2004 Wayne A. Knoblauch Linda D. Putnam Jason Karszes Peggy Murray Frans Vokey Molly Ames William Van Loo Department of Applied
NEW YORK DAIRY FARM RENTERS 2004
DECEMBER 2005 E.B. 2005-16 NEW YORK DAIRY FARM RENTERS 2004 Wayne A. Knoblauch Linda D. Putnam Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell University,
Farm Business Analysis Ch.18
Farm Business Analysis Ch.18 What are the strengths and weaknesses of the farm business? How can we measure how well the farm is doing? Which farm would you prefer? Farm A Net worth $400,000 Total acres
NEW YORK DAIRY FARM OCTOBER 2008 E.B Wayne A. Knoblauch Linda D. Putnam
OCTOBER 2008 E.B. 2008-23 NEW YORK DAIRY FARM RENTERS 2007 Wayne A. Knoblauch Linda D. Putnam Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell University,
Balance Sheets- step one for your 2018 farm analysis
Page 1 of 21 Name Address Phone Email Balance Sheets- step one for your 2018 farm analysis The farm s balance sheet is a snapshot, on one day in time, of what the farm business owns, (its assets), and
Managing Income Over Feed Costs
d a i r y r i s k - m a n a g e m e n t e d u c a t i o n Managing Income Over Feed Costs Introduction Feed costs have typically represented 40 to 60 percent of the total cost of producing milk. The current
Crop Cash Flow and Enterprise Information - step two for your 2017 farm analysis
Name Address County Phone Email Operator #1 Year Born Year Started Farming Operator #2 Year Born Year Started Farming Operator #3 Year Born Year Started Farming Crop Cash Flow and Enterprise Information
BUSINESS SUMMARY DAIRY FARM HUDSON AND CENTRAL NEW YORK REGION August 2013 E.B
DAIRY FARM BUSINESS SUMMARY August 2013 E.B. 2013-15 HUDSON AND CENTRAL NEW YORK REGION 2012 You can t manage what you can t measure. But if you measure it, you can improve it! Wayne A. Knoblauch George
BUSINESS SUMMARY DAIRY FARM HUDSON AND CENTRAL NEW YORK REGION June 2015 E.B
DAIRY FARM BUSINESS SUMMARY June 2015 E.B. 2015-07 HUDSON AND CENTRAL NEW YORK REGION 2014 You can t manage what you can t measure. But if you measure it, you can improve it! Wayne A. Knoblauch Cathryn
Copyright 2005 by Cornell University. All rights reserved.
DAIRY FARM BUSINESS SUMMARY OCTOBER 2005 E.B. 2005-13 CENTRAL VALLEYS REGION 2004 Wayne A. Knoblauch Jason Karszes Charles Z. Radick Dan Welch Linda D. Putnam Department of Applied Economics and Management
BUSINESS SUMMARY DAIRY FARM NORTHERN NEW YORK REGION 2010 SEPTEMBER 2011 E.B
DAIRY FARM BUSINESS SUMMARY SEPTEMBER 2011 E.B. 2011-07 NORTHERN NEW YORK REGION 2010 You can t manage what you can t measure. But if you measure it, you can improve it! Wayne A. Knoblauch Linda D. Putnam
Balance Sheets- step one for your 2016 farm analysis
1 of 12 Name Address Phone Email Balance Sheets- step one for your 2016 farm analysis The farm s balance sheet is a snapshot, on one day in time, of what the farm business owns, (its assets), and what
2015 Iowa Farm Business Management Career Development Event. INDIVIDUAL EXAM (150 pts.)
2015 Iowa Farm Business Management Career Development Event INDIVIDUAL EXAM (150 pts.) Select the best answer to each of the 75 questions to follow (2 pts. ea.). Code your answers on the answer sheet provided.
Final Exam ANS 440/540 Winter 2002
Final Exam ANS 440/540 Winter 2002 1. Critique the following mission statement. What s missing, if anything? Name: Oregon Trail Dairy aspires to be the best dairy in the Pacific Northwest. We will continue
ACCRUED INCOME STATEMENT
Iowa Farm Business Association ACCRUED INCOME STATEMENT IOWA STATEWIDE Page: 1 Size 1 Avg Size 2 Avg Size 3 Avg Size 4 Avg Size 5 Avg Group Avg 144 Farms 109 Farms 188 Farms 219 Farms Farms 72 Farms 101
Business Planning using Cash Flow Analysis. Gary Matteson, Farm Credit Council
Business Planning using Cash Flow Analysis Gary Matteson, Farm Credit Council Looking to the Future What are your skills? What is your tolerance for risk? What is your capacity to deal with ambiguity?
Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri
Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri Fall 14 Spring 15 Calving Calving Calf crop, % weaned 88% 85% Steer calf sales: 580 lbs. @ $250/cwt. x 85% x 1/2 -- $ 616.25 580
ABC Farms 1/1/2013 Balance Sheet
ABC Farms 1/1/2013 Balance Sheet Current Assets Value Current Liabilities Balance Cash and checking 65,579 Prepaid exp. & suppl. (Schd B) 112,225 Growing crops - Accounts receivable - Hedging accounts
NEW YORK LARGE HERD FARMS,
JUNE 1997 E.B.97-08 NEW YORK LARGE HERD FARMS, 300 COWS OR LARGER 1996 Ja on Karszes Wayne A. Knoblauch Linda D. Putnam Department of Agricultural, Resource, and Managerial Economi College of Agriculture
Cash Flow Projection
Name Address City, State Preparer Cash Flow Projection Farm Financial Planning Input Forms Farm No. (3 digit) Beginning Cash Flow Date Version 1 Month Year The Cash Flow Projection Program is designed
AVERAGE GRAIN FARMER 5/18/2018 KENTUCKY BUSINESS FARM ANALYSIS BALANCE SHEET For Year Ending December 31, 2017
BALANCE SHEET Current Assets Current Liabilities Bank Balance 89,593 Accounts Payable with Merchants & Dealers 37,635 Savings & CD's 58,735 Lease Payment 6,706 Hedging Account Balance 5,836 Feed Accounts
BUSINESS SUMMARY DAIRY FARM NEW YORK LARGE HERD FARMS, 300 COWS OR LARGER, 2002 PARTICIPANT COPY JULY 2003 E.B
JULY 2003 E.B. 2003-08 DAIRY FARM BUSINESS SUMMARY NEW YORK LARGE HERD FARMS, 300 COWS OR LARGER, 2002 Jason Karszes Wayne A. Knoblauch Linda D. Putnam PARTICIPANT COPY Department of Applied Economics
Year End Balance Beginning Balance 12/31/2015 1/1/2015 Crops and Feed Hay 0 0 Silage 0 0 Grain 0 0
Page 1 Year End Balance Beginning Balance 12/31/2015 1/1/2015 Crops and Feed Hay Silage Grain Livestock Held for Sale Steers Accounts Receivable Rusty's Restaurant 0 600 Total 0 600 Other Inventory Ground
Session 5: Financial Management
Session 5: Financial Management Session 4: Enterprise Budget Develop enterprise budget Decide on Production System How did they decide on pricing Where will they market Fixed cost Revenue = Price X Quantity
Credit Analysis Solutions AGRICULTURE
Credit Analysis Solutions AGRICULTURE University of Minnesota 130 Ruttan Hall 1994 Buford Avenue St. Paul, Minnesota 55108 Phone: (612) 625-1964 Toll-Free: (800) 234-1111 Fax: (612) 625-3105 Email: FINPACK@umn.edu
Dairy Business Analysis Project: 2005 Summary for Florida and Georgia Dairies
Dairy Business Analysis Project: 005 Summary for Florida and Georgia Dairies R. Giesy, L. Ely, B. Broaddus, C. Vann, A. Bell, and A. De Vries Introduction The Dairy Business Analysis Project (DBAP) was
Dairy Business Analysis Project: 2007 Financial Summary 1
AN23 Dairy Business Analysis Project: 2007 Financial Summary A. De Vries, R. Giesy, M. Sowerby, and L. Ely 2 Introduction The Dairy Business Analysis Project (DBAP) was initiated in 996 by the University
Farm Financial Management Case: Mayer Farm 2013
Farm Financial Management Case: Mayer Farm 2013 The Mayer Farm Case is provided to you as an alternative to using your own financial data. Using the Mayer Farm Case data you can complete the following
Swine Farm Business Analysis Workbook. Roger Betz, Mike Staton, Janice Knuth, Gerald Schwab, and Sherrill Nott. Staff Paper June, 2001
Staff Paper Swine Farm Business Analysis Workbook by Roger Betz, Mike Staton, Janice Knuth, Gerald Schwab, and Sherrill Nott Staff Paper 2001-15 June, 2001 Copyright: 2001 by Sherrill B. Nott. All rights
http://dfbs.cornell.edu CORNELL COOPERATIVE EXTENSION DAIRY FARM BUSINESS SUMMARY DATA CHECK-IN FORM SCREEN 1. Name County Farm Name Address Proc. number Year 2011 Phone no. house barn ( )complete, ( )
Whitney Wiegel Agricultural Business Specialist University of Missouri Extension
Whitney Wiegel Agricultural Business Specialist University of Missouri Extension www.extension.missouri.edu Resources: Labor & Management Capital Land Farm Goals: Lifestyle Benefits Income Growth Know
Income Statement-A Financial Management Tool
Income Statement-A Financial Management Tool Robin Reid (robinreid@ksu.edu) and Kevin Herbel (kherbel@ksu.edu) Revision of MF-294 by Dr. Michael Langemeier Kansas State University Department of Agricultural
Introduction January 10, 2019
Introduction January 10, 2019 Michael Langemeier Department of Agricultural Economics Purdue University Purdue.edu/commercialag White County Farms Enterprises Corn; 1,500 acres Soybeans; 1,500 acres Owned
To: Logansport Savings Bank Name Birth Date Address Co-Owner Birth Date Telephone No. Date of Financial Statement (Use Nearest $)
To: Logansport Savings Bank Name Birth Date Address Co-Owner Birth Date Telephone No. Date of Financial Statement (Use Nearest $) ASSETS LIABILITIES Current Assets Cash on Hand Deposits - Current Liabilities
The Story of Remington Farms LLC
2015 National FFA Remington Farms LLC Resource Information Farm Business Management Career Development Event The Story of Remington Farms LLC Trevor and Emma live in the upper Midwest where they own and
Income Statement. Are you making a profit? Income Statement Adjustments
The Farm Financial Standards Committee recommends four measures of profitability: 1. Net Farm Income 2. ROA 3. ROE 4. OPMR Income Statement Are you making a profit? The income statement is used to determine
Dairy Business Analysis Project: 2006 Financial Summary 1
AN96 Dairy Business Analysis Project: 2006 Financial Summary A. De Vries, R. Giesy, L. Ely, M. Sowerby, B. Broaddus, C. Vann 2 Introduction The Dairy Business Analysis Project (DBAP) was initiated in 996
DRAFT. Hadley summed up well the reluctance in a 2012 E-Extension article:
DuPont System for Financial Analysis A Process for Discovering Where to Spend My Management Time Tomorrow Morning after Breakfast By Kevin Bernhardt October, 2015 1 I get very excited when I am faced with
Current assets include cash, bank accounts, crops, livestock, and supplies that will normally be sold or used within a year.
Farm Financial Management Your Net Worth Statement Would you like to know more about the current financial situation of your farming operation? A simple listing of the property you own and the debts you
Chapter 11- Analizing Quicken Farm Records with FINPAK Chapter 11- Analyzing Quicken Farm Records with FINPACK
Chapter 11- Analyzing Quicken Farm Records with FINPACK FINPACK is a computerized farm financial planning and analysis system. It will help you evaluate your financial situation, explore alternatives,
Worksheet 1* Historic and Projected Out-of-Pocket Cost of Production
Worksheet 1* Historic and Projected Production Records used for a sole proprietorship with most of the income coming from the dairy enterprise: Federal Income Tax Schedule F, Form 4797, year beginning
Evaluating the New Century Go-Go Farmer
Evaluating the New Century Go-Go Farmer Bob Craven Center for Farm Financial Management University of Minnesota 612-625-6701 rcraven@umn.edu www.cffm.umn.edu www.finbin.umn.edu Data providers: MNSCU Farm
Accrued rents & Lease payments Other (including relatives)
Balance Sheet Financial Statement Name: As Of: Name Home Phone: Address: Email Address First Merchants Bank SSN# Cell Phone: SSN# Cell Phone: Current Assets Market Value Current Liabilities Market Value
Balance Sheet and Schedules
Balance Sheet and Schedules CURRENT ASSET SCHEDULE DOLLAR VALUE CASH AND EQUIVALENTS A $ MARKETABLE EQUITIES B $ ACCOUNTS RECEIVABLE C $ MARKET LIVESTOCK $ PRODUCE OR BY-PRODUCTS $ CROP INVENTORY D $ CROP
2017 Farm Tax Worksheet For Clients of Erpelding, Voigt & Co., L.L.P.
2017 Farm Tax Worksheet For Clients of Erpelding, Voigt & Co., L.L.P. INCOME WORKSHEET SALES/COSTS OF LIVESTOCK PURCHASED FOR RESALE: Sold Proceeds Bought Cost Net Calves/fat cattle $ $ $ Calves/fat cattle
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES NORTH DAKOTA DEPARTMENT OF CAREER AND TECHNICAL EDUCATION BOARD MEMBERS
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Honorable Duane Benson Honorable Cheryl Dickson Honorable Jacob Englund Honorable Christopher Frederick Honorable Ruth Grendahl Honorable Clarence
2.1. A Brief History of Our Farm Operation
.1 A Brief History of Our Farm Operation Write a brief history describing the important events and decisions in your life and operation.why did you make the choices you did? What have been the most important
Welcome to a brief discussion of income statements. The income statement is a critical record-keeping tool in evaluating the profitability of your
Welcome to a brief discussion of income statements. The income statement is a critical record-keeping tool in evaluating the profitability of your business. As with the other statements, you may choose
Vegetable Farm Business Analysis Workbook. Roger Betz, Mike Staton, Janice Knuth, Gerald Schwab, and Sherrill Nott. Staff Paper June, 2001
Staff Paper Vegetable Farm Business Analysis Workbook by Roger Betz, Mike Staton, Janice Knuth, Gerald Schwab, and Sherrill Nott Staff Paper 2001-12 June, 2001 Copyright: 2001 by Sherrill B. Nott. All
2008 STATE FFA FARM BUSINESS MANAGEMENT CONTEST
2008 STATE FFA FARM BUSINESS MANAGEMENT CONTEST The information in this section will be used to complete the problem-solving portion of the Farm Management Test. In the balance sheet analysis, you will
JOHN AND MARY FARMER (Farm Business Only) BALANCE SHEET AS OF 12/31/X1 AND 12/31/X2
JOHN AND MARY FARMER (Farm Business Only) ASSETS 12/31/X2 12/31/X1 12/31/X2 12/31/X1 LIABILITIES Cash $ 101,743 $ 113,421 Accounts Payable $ 6,578 $ 0 Inventories (Schedule 1) 180,581 149,557 Notes Due
Enterprise Budgets. How is it constructed?
Enterprise Budgets An enterprise budget is an estimate of projected income and expenses associated with the production of a commodity. Most agricultural operations are made up of a combination of several
Minnesota and North Dakota Farm Business Management Education. Red River Valley 2017 Report
Minnesota and North Dakota Farm Business Management Education Red River Valley 2017 Report MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Honorable Abdulrahmane Abdul-Aziz Honorable Basil
Case Study #1: Mixed Farm Operation - The Kattel Farm
Case Study #1: Mixed Farm Operation - The Kattel Farm Alternate Scenarios This fictional Case Study featuring cattle operation owned by Michael and Martha Kattel was prepared as part of a series to illustrate
When to Exit Dairy Farming: The Value of Waiting
February 010 EB 010-01 When to Exit Dairy Farming: The Value of Waiting Loren Tauer and Jonathan Dressler Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell
Financial Analysis of a Value Added Dairy Operation in California. Presented to the. Faculty of the Agribusiness Department
Financial Analysis of a Value Added Dairy Operation in California Presented to the Faculty of the Agribusiness Department California Polytechnic State University In Partial Fulfillment Of the Requirements
North Dakota. Farm Record Analysis. Closeout. Procedures
2017 North Dakota Farm Record Analysis Closeout Procedures December 20, 2017 ii Introduction This manual was developed to assist in the standardization of data collection and entry for Farm Business Management
2014 Iowa Farm Business Management Career Development Event. INDIVIDUAL EXAM (150 pts.)
2014 Iowa Farm Business Management Career Development Event INDIVIDUAL EXAM (150 pts.) Select the best answer to each of the 75 questions to follow (2 pts. ea.). Code your answers on the answer sheet provided.
1998 FINANCIAL BENCHMARKS on Selected WISCONSIN DAIRY FARMS
1998 FINANCIAL BENCHMARKS on Selected WISCONSIN DAIRY FARMS by Gary Frank and Jenny Vanderlin 1 July 23, 1999 Introduction In response to the record milk prices, profit margins in 1998 were better as dairy
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Honorable Duane Benson Honorable Cheryl Dickson Honorable Jacob Englund Honorable Ruth Grendahl Honorable Clarence Hightower Honorable Allyson
(p all of the above are methods
Economics 330 Fall 2004 Exam 2 October 18, 2004 Name ~ 1 Part I: Multiple Choice. Circle the best answer (3 points each). 1. Reasons why you would replace machinery would include: a. it is too small. b.
2017 NATIONAL FFA FARM AND AGRIBUSINESS MANAGEMENT CAREER DEVELOPMENT EVENT
Participant s Name (please print clearly). Important: Before you start this portion of the event, please write your participant number and state abbreviation on the blanks provided at the top of each page.
Cash Inflows (Income Statement)
Cash Inflows / Received From Responsibl e Center Governmen t Payments Crop Sales Crop Revenues Calf Sales (Not Breeding) 2/1/2002 Livestock Auction PC: Cow/Calf 2 Hd calves $ 702 $ 702 for February $ -
Dairy Farm Operating Trends
Dairy Farm Operating Trends December 31, 2007 MOORE STEPHENS WURTH FRAZER AND TORBET, LLP Certified Public Accountants and Consultants Creating New Horizons By Building Relationships and Exceeding Expectations
WINE GRAPES, Kentucky, 2016 French-American Hybrid and American Varieties Soil Buildup Year Summary (Year 0)
WINE GRAPES, Kentucky, 2016 Soil Buildup Year Summary (Year 0) Center for Crop Diversification Budget CCD-BG-8 Soil Test 2 assays $ 10.00 $ 20.00 Lime 3 tons $ 20.00 $ 60.00 Herbicide 2 quarts $ 12.00
2000 Sole Proprietor Financial Summary
2000 Sole Proprietor Financial Summary KENTUCKY FARM BUSINESS MANAGEMENT PROGRAM Agricultural Economics Extension No. 2001-16 December 2001 By: GREGG IBENDAHL University of Kentucky Department of Agricultural
CROP BUDGETS, ILLINOIS, 2017
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2017 Department of Agricultural and Consumer Economics University of Illinois July 2017 Introduction
CROP BUDGETS, ILLINOIS, 2019
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2019 Department of Agricultural and Consumer Economics University of Illinois September 2018
CROP BUDGETS, ILLINOIS, 2018
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2018 Department of Agricultural and Consumer Economics University of Illinois February 2018
Marvin J. Hoekema Manager, Dairy Business Analysis Project Department of Dairy and Poultry Sciences University of Florida
Marvin J. Hoekema Manager, Dairy Business Analysis Project Department of Dairy and Poultry Sciences University of Florida 1997 Dairy Business Analysis Project Russ Giesy Mary Sowerby David Solger Andy
David Bilderback Extension Area Specialist II Farm Management KNOW YOUR COST OF PRODUCTION!
David Bilderback Extension Area Specialist II Farm Management KNOW YOUR COST OF PRODUCTION! Financial Statements Balance Sheet Statement of financial condition at a specific time Income Statement Summary
Employee Liability Insurance $/$1,000 wages $ Employee Benefits percent/wages 18.00% Labor Downtime percent 25.00%
TABLE 1. Acreage Summary, Union County, TABLE 2. Basic cost information for Dry Cimarron area, Union County, BUDGET AREA DRY CIMARRON AREA, UNION COUNTY FARM SIZE. 80 ACRES Item IRRIGATION TYPE FLOOD NUMBER
Farm Business Planner
COMPREHENSIVE GUIDE TO FARM FINANCIAL MANAGEMENT Farm Business Planner www.saskatchewan.ca/agriculture 1 Summary Net Worth Statement This worksheet is intended to help you establish the present financial
2014 Missouri FBMA Farm Record Analysis Closeout Procedures
2014 Missouri FBMA Farm Record Analysis Closeout Procedures Bruce Fowler Farm Business Management Specialist University of Missouri 116 Gentry Hall Columbia, MO 65211-7040 573-882-7379 1 INTRODUCTION This
PLANNING FOR YOUR AGRIPRENEURSHIP BUSINESS
PLANNING FOR YOUR AGRIPRENEURSHIP BUSINESS 1 Creating a basic business plan: Understanding your financials Introduction: Welcome to How to Write Your Business Plan 101! As agricultural entrepreneurs, or
YOUR DAIRY BUYOUT BID: FACTORS TO CONSIDER
January 1986 A.E. Ext. 86-5 M.S.U. Staff Paper 86-10 YOUR DAIRY BUYOUT BID: FACTORS TO CONSIDER By Sherrill B. Nott Professor, Michigan State University Wayne A. Knoblauch Associate Professor, Cornell
EC Cash Flow Planning with the Aid of your Record Book and Budgeting
University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Historical Materials from University of Nebraska- Lincoln Extension Extension 1971 EC71-850 Cash Flow Planning with the
FRUIT FARM BUSINESS SUMMARY LAKE ONTARIO REGION NEW YORK October 2007 E.B Gerald B. White Alison M. DeMarree James Neyhard
October 2007 E.B. 2007-15 FRUIT FARM BUSINESS SUMMARY LAKE ONTARIO REGION NEW YORK 2006 Gerald B. White Alison M. DeMarree James Neyhard Department of Applied Economics and Management College of Agriculture
FRUIT FARM BUSINESS SUMMARY LAKE ONTARIO REGION NEW YORK October 2009 E.B Gerald B. White Alison M. DeMarree James Neyhard
BUSINESS SUMMARY FRUIT FARM October 2009 E.B. 2009-19 LAKE ONTARIO REGION NEW YORK 2008 Gerald B. White Alison M. DeMarree James Neyhard Department of Applied Economics and Management College of Agriculture
Agricultural Economy in Southern Minnesota PAUL LANOUE
Agricultural Economy in Southern Minnesota PAUL LANOUE DEAN OF MANAGEMENT MINNESOTA WEST Where are we at? Variability Yields Weather Financial health Commodities Land Ownership Debt load Tax planning 2015
WINE GRAPES, Kentucky, 2016 Vinifera Soil Buildup Year Summary (Year 0)
WINE GRAPES, Kentucky, 2016 Soil Buildup Year Summary (Year 0) Center for Crop Diversification Budget CCD-BG-9 Soil Test 2 assays $ 10.00 $ 20.00 Lime 3 tons $ 20.00 $ 60.00 Herbicide 2 quarts $ 12.00
January 1999 E.B MICRO DFBS. A Guide to Processing Dairy Farm Business Summaries in County and Regional Extension Offices for
January 1999 E.B. 99-02 MICRO DFBS A Guide to Processing Dairy Farm Business Summaries in County and Regional Extension Offices for Micro DFBS Version 4.2 Linda D. Putnam Wayne A. Knoblauch Department