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 Market Livestock # of Animals Price/Head INTERMEDIATE ASSETS: Breeding Livestock # of Animals Price/Head Leased animals Quota/Contract Number of animals leased: of quota/contract: Farm Machinery Kind, Year, Make, Model Age Condition Encumbered (Yes/No) Statement of Assets Page 1 of 6
Statement of Assets as of FIXED ASSETS: Land Owned Legal Cavet Total Acres Cultivated Acres Major Buildings Owned, Facilities & Water Supply (incl. size and legal description) Age Total Value of Buildings Owned Total Value Buildings Add to Land Summary of Fixed Assets Total Value of Land Owned VALUE OF LAND AND BUILDINGS Land Rented Legal Owner Acres Year Leased Expiry Date Annual Rent RENT PAYMENTS Leased or Rented Assets Descripton Non-Farm Assets Statement of Assets Page 2 of 6
Statement of Liabilities as of Current Liabilities (due within 1 year) Operating Loan Demand Notes Accounts Payable CWB Advance Canola Council Advance Intermediate Debt Pmt Long Term Debt Pmt Arrears Taxes Due Current Liabilities Credit Cards Original Creditor Year of Liability Interest Rate Annual Payment Security Taken Principal Interest Present Arrears Intermediate Liabilities (1-10 Years) SUB- LESS: principal due Long Term Liabilities (over 10 years) SUB- LESS: principal due LIABILITIES SUB- Lease Obligations SUB- Statement of Liabilities Page 3 of 6
Projected Operating Statement Year of Projection: PART 1: PROJECTED ANNUAL VALUE OF FARM PRODUCTION A. CROP PRODUCTION PRODUCTION Feed Seed MARKETABLE PRODUCTION Crop Name Acres Yield/acre Quantity Quantity Quantity Quantity Price/Unit Revenue Hay Greenfeed Total crop Pasture S/Fallow Total acreage B. MARKET LIVESTOCK PRODUCTION VALUE OF LIVESTOCK TO BE SOLD Weight Unit Value Market Livestock Type # head / head Price / head Revenue Breeding Stock C. OTHER FARM INCOME Custom Work (Describe) Milk / Cream hl / day X days @ / hl PMU quota X price/unit (Describe) (Describe) Revenue FARMING INCOME: PART 2: PROJECTED ANNUAL OPERATING COSTS D. CROP INPUTS FERTILIZER CHEMICALS SEED Total Crop Name Acres /acre Total /acre Total /acre Total Crop Cost Hay Greenfeed Pasture S/Fallow Projected Operating Statement Page 4 of 6
Projected Operating Statement Year of Projection: E. OTHER EXPENSES Crops Machinery (fuel & oil) Hay Greenfeed Pasture S/Fallow Total Fuel: Machinery repairs, licenses & insurance Contract work Shop Supplies Machinery lease Cash Rent Share Crop share acres avg gross share acres avg.gross Crop Insurance premiums Hail Insurance premiums Livestock Purchase of: head @ / head head @ / head head @ / head head @ / head Roughage Custom Feeds Prepared Feeds lbs @ / lb Supplements lbs @ / lb Minerals & salts Veterinary, medicine & breeding fees Pasture Rent Marketing Charges Trucking Miscellaneous Salaries Property taxes Building & fence repairs insurance premiums Motor vehicle expense Electricity Telephone Small tools Office expense Legal & accounting fees Interest on Operating Loans Unforeseen Projected Operating Statement Page 5 of 6
Projected Operating Statement Year of Projection: INCOME & EXPENSE SUMMARY INCOME A. Crop Production B. Livestock Production C. Farm Income FARM INCOME EXPENSES D. Crop Inputs E. Expenses FARM EXPENSES OPERATING MARGIN (net) OTHER INCOME Off-Farm Income (Net) Spouse's Income (Net) LESS: Household & Personal Expenses NET CONTRIBUTION (DRAW) to Farm Operation RESIDUAL FOR TERM DEBT & EQUIPMENT REPLACEMENT TERM DEBT & EQUIPMENT REPLACEMENT SCHEDULE / - - - - - - - - - - - - YEAR - - - - - - - - - - - - \ REMAINING TERM DEBTS: Equipment Replacement Non-current Payables PROPOSED MASC PAYMENTS : SUB- REQUIREMENTS NET RESIDUAL INCOME Projected Operating Statement Page 6 of 6