L AGENT OU L AGENTE DOIT REMETTRE DEUX COPIES DE CE FORMULAIRE À LA PERSONNE REQUÉRANTE. Assessment of farm operations

Similar documents
Statement of Farming Activities

Statement of Farming Activities

Statement of Farming Activities

2017 Farm Tax Worksheet For Clients of Erpelding, Voigt & Co., L.L.P.

Prepare, print, and e-file your federal tax return for free!

Statement of Assets Client: as of. Current Assets. INTERMEDIATE ASSETS: Breeding Livestock. Market Livestock. Farm Machinery

Balance Sheets- step one for your 2018 farm analysis

Balance Sheet and Schedules

To: Logansport Savings Bank Name Birth Date Address Co-Owner Birth Date Telephone No. Date of Financial Statement (Use Nearest $)

Farm Business Analysis Ch.18

Balance Sheets- step one for your 2016 farm analysis

PERSONAL TAX INFORMATION WORKSHEET

Ending Balance Sheet Page 13 of 21

QuickBooks Preferences & Lists (Module #2) Lara L. Worden Area Agriculture Agent

ROLAND & DIELEMAN 2018 TAX WORKSHEET

2006 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2007

Session 5: Financial Management

Farm Accounting Record (Cash Basis)

The spectrum of farming proper is wide. Financial aid is granted to the following lines of production:

Garden State FFA Degree Handbook

Taxation Issues for Milk Production Partnerships

The Brethren Mutual Insurance Company 149 North Edgewood Drive, Hagerstown, Maryland Telephone: (800) Fax: (301)

Financial Statements Questionnaire Ensure this questionnaire is completed and included with your records

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

Cost Concepts Key Questions Chapter 9, pp

2009 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2010

Current assets include cash, bank accounts, crops, livestock, and supplies that will normally be sold or used within a year.

2010 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2011

Netherlands. May 2018 Statistical Factsheet

Italy. May 2018 Statistical Factsheet

Austria. May 2018 Statistical Factsheet

Estonia. May 2018 Statistical Factsheet

Whitney Wiegel Agricultural Business Specialist University of Missouri Extension

FARM LIABILITY APPLICATION APPLICANT INFORMATION SECTION

France. May 2018 Statistical Factsheet

2005 Michigan Feeder Steers Business Analysis Summary. Eric Wittenberg and Roy Black. Staff Paper December, 2006

Case Study #1: Mixed Farm Operation - The Kattel Farm

Greece. Sources: European Commission, Eurostat, and Directorate General for Economic and Financial Affairs. Updated: M ay 2018

A. Scott Colby, PC Tax Organizer

Developing a Cash Flow Plan

Statistical Factsheet. France CONTENTS. Main figures - Year 2016

Statistical Factsheet. Belgium CONTENTS. Main figures - Year 2016

Statistical Factsheet. Italy CONTENTS. Main figures - Year 2016

Denmark. Sources: European Commission, Eurostat, and Directorate General for Economic and Financial Affairs. Updated: M ay 2018

Statistical Factsheet. Lithuania CONTENTS. Main figures - Year 2016

2014 Dairy Farm Business Summary

Emergency Financial Assistance Program

2010 No. 167 AGRICULTURE, ENGLAND. The Hill Farm Allowance Regulations 2010

Illinois Livestock Share Lease

STANDARDIZED PERFORMANCE ANALYSIS

Please also attach copies of your individual income tax returns for the past two years. About you: Name (First, MI, Last): Taxpayer Social Security #

Developing a Cash Flow Plan

Cash Inflows (Income Statement)

Income Statement-A Financial Management Tool

Farm Financial Management Case: Mayer Farm 2013

FARM & RANCH COVERAGE PART DECLARATIONS

Grassfed Beef Ranch QuickBooks Setup Accounts

Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri

2017 Farm Tax Organizer Gurr & Company LLC

Cattle Enterprise Tax and Financial Management

Checklist: What to Include in the Cost of Production

TIB Appendices. Volume Four, No. 7 March Appendix A: Livestock Valuation...2. Determination 5B: Mandatory Conversion Convertible Notes...

OFFICE OF STATE LANDS AND INVESTMENTS STATE LOAN AND INVESTMENT BOARD 122 WEST 25TH STREET CHEYENNE, WYOMING 82002

AGRICULTURE PROPERTY SECTION SCHEDULED AND UNSCHEDULED FARM PERSONAL PROPERTY CARRIER

New Customer Questionnaire and Credit Application

GUIDE TO COMPLETING THE 2017 CORPORATIONS/CO-OPERATIVES/OTHER ENTITIES FORM

Finance 411. Presented By: Dawn Edmonds & Angela Barsuglia

FARM & RANCH COVERAGE PART DECLARATIONS

Business number (corporations only) Trust number (trusts only) Mailing address (include civic number and road name) City/Town Province Postal code

Agri Lending Application Form

ODAP-S. Ontario Data Analysis Project - Swine FARM SUMMARY. For 2002 Tax Year. Prepared by: Lynn Marchand. Economics and Business Section

Iowa Farm Lease. This lease agreement is made this day of,, between. Operator(s): address: Owner(s): address:

Claim for Death Benefits

Dairy Proforma Calculator (DPC) Instructions Gary G. Frank, Center for Dairy Profitability, UW-Madison August 1, 1998

Managerial Accounting Using QuickBooks Pro TM

Farm Business Planner

Claim for Compensation for an Inability to Perform Activities and for Accident-Related Expenses

Total Tax If you have church employee income, see page 2 of the instructions before you begin.

Certified Public Accountants

Net Worth Statement Instructions & Forms Dan Childs NF-AE-01-02

THIS DOCUMENT IS FOR REFERENCE PURPOSES ONLY PLEASE COMPLETE AGENT CENTER APPLICATION TO SUBMIT

Organic Crop Improvement Association International, Inc. Master Fee Schedule

2002 Michigan Dairy Farm Business Analysis Summary. Staff Paper No November Eric Wittenberg and Christopher Wolf

Participant Handbook Risk Management Program. RMP for livestock Cattle Hogs Sheep Veal

Dairy Grazing Farms in Michigan, Sherrill B. Nott. Staff Paper # October, 2002

TAX ORGANIZER Page 3

Also, you may write the addresses below and fax or mail this letter back to us.

Change Limits and/or Deductibles for Property Coverages Found in Form AG 0100

Individual Partnership Corporation Other New Renewal of Policy #: Mortgagee Loss Payee C/D Mortgagee Loss Payee C/D

Nebraska FSA: Program Opportunities for All Farm Sizes and Types

When to Exit Dairy Farming: The Value of Waiting

GREEN LAKE METIS FARMS LTD. Financial Statements. Year Ended December 31, Pliska Vidal & Co.

660 PROJECTIONS FOR PLANNING PURPOSES ONLY NOT TO BE USED WITHOUT UPDATING AFTER 02/22/83. B-1241(C14)

Allen L. Kockler Company 2018 Tax Organizer

HOW CAN WE HELP YOU TODAY?

Individual Partnership Corporation Other New Renewal of Policy #: Mortgagee Loss Payee C/D Mortgagee Loss Payee C/D

Final Exam ANS 440/540 Winter 2002

National Society of Accountants Tax Organizer for Tax Year 2018

Developing a Cash Flow Plan

ACCESSION OF BULGARIA. Communication from Bulgaria

Transcription:

L AGENT OU L AGENTE DOIT REMETTRE DEUX COPIES DE CE FORMULAIRE À LA PERSONNE REQUÉRANTE. Assessment of farm operations File number INTRODUCTION The form Assessment of farm operations is designed to help you prepare the financial statements required to process your last-resort financial assistance or to reassess your file. WHAT HAPPENS TO YOUR FORM ONCE IT HAS BEEN SUBMITTED The first step is a careful examination of your financial statements. Once this has been done, an officer makes an appointment with you in order to complete the assessment of your revenues and assets from the operation of your farm. BEFORE FILLING IN THIS FORM This form has 8 pages; pages 3 to 6 are for the Statement of revenues and expenditures and pages 7 and 8 are for Capital income and expenditures, as well as for the Debts and liabilities of the farm. It is important to fill in section 1 Identification appearing at the bottom of page 2. GUIDE Purpose of this guide This guide has been designed: to help you calculate the revenues from the operation of your farm for the period covered. This is important in order to process your application for last-resort financial assistance or to reassess your file; to help you draw up your farm financial statements correctly; and to clarify certain provisions of the Individual and Family Assistance Act that might be of special interest to farm operators. Period covered The period covered must include the twelve months prior to submitting your application for lastresort financial assistance. You must report the period at the beginning of Section 2 Statement of revenues and expenditures unless the period has already been mentioned on the form. Revenues (Section 2, items 1 to 7) We have attempted to identify all the revenues related to farming. revenues earned that have not been identified should be mentioned at item 5 of the Section 2 revenues. Ministère du Travail, de l Emploi et de la Solidarité sociale Continued on page 2 Page 1 SR-0118A (06-2015) KEEP A COPY OF THE COMPLETED FORM AND RETURN THE OTHER COPY TO THE CENTRE LOCAL D EMPLOI.

GUIDE (cont.) Personal consumption (Section 2, item 7) In this form, the term "Personal consumption" is used to describe any products from your farm that you have taken for your own personal use. Rolling equipment (truck, tractor, other) (Section 2, items 16, 17 and 18) If you use your vehicle for business and for personal use, the following expenses: gas, oil, insurance, registration, driver s licence, upkeep and repairs, and the interest on loans, are eligible as expenses in proportion to the business use only. If your vehicle is used for business purposes only, all the above expenses are completely deductible. Period ended The date reported at the beginning of Section 4 Debts and liabilities of the farm must be the same as the date for the end of the period covered reported at the beginning of Section 2 Statement of revenues and expenditures. Debts and liabilities of the farm (Section 4) Identify all creditors (for example: mortgage, collateral for your farm debts). The following documents must be available for any eventual verification Financial statements of your farm operation (report, statement of revenues and expenditures) Last year s federal and provincial income tax returns Accounting books and ledgers used for your farm operations Legal documents creating the farm operation Up-to-date bank passbooks Contracts and statements for: mortgages, collateral and personal and business loans. Contracts, invoices and supporting documents that were used to establish your revenues and expenditures. Section 1 IDENTIFICATION of the applicant Last name First name Home address Postal code of the enterprise Home telephone Area code Social insurance number Business name Address Lot number Number of farm operator Area code Business telephone Main production Statuts of the enterprise Sole ownership Corporation Partnership Your share Page 2

Section 2 STATEMENT OF REVENUES AND EXPENDITURES (continued) Period covered: from REVENUES 1- Cereals-Fodders to Hay Straw Grain 2- Wood 3- Livestock sold Logs Pulp Christmas trees Maple syrup 3.1 Cattle: Calves Cows Bulls Steers 3.2 Pigs: Piglets Market pigs Sows Boars 3.3 Fowl: B.B.Q. chickens Capons Laying hens 3.4 Sheep: Lambs Ewes 3.5 Milk goats: Female goats Male goats Young female goats Subtotal of revenues (Total of the above lines to be carried to page 4) Page 3

Section 2 STATEMENT OF REVENUES AND EXPENDITURES (continued) REVENUES (continued) Subtotal of revenues carried from page 3 3- Livestock sold (cont.) 3.6 Rabbits: Males Females Young rabbits 3.7 livestock, specify: 4- Milk 5- revenues Raw milk Industrial milk Cream Subsidy Eggs Fruit Contract work Rented machinery Rented land Livestock kept under contract Reimbursement by the coop Reimbursement of tax on gas subsidies Subsidy for the hibernation of livestock Producer s stabilization insurance Crop insurance 6- Livestock Market value at the end of the period covered 7- Personal consumption Milk and cream Meat Eggs Wood Vegetable garden Gross revenues (Total of the above lines to be carried to page 6) 01 Page 4

Section 2 STATEMENT OF REVENUES AND EXPENDITURES (continued) EXPENDITURES 8- Plant production 9- Wood lots 10- Livestock 11- Purchased livestock Lime, chemical fertilizers Seed Weed-killers, insecticides, fungicides Cord press and containers Mechanical saw (fuel, repairs) Containers for syrup Feed, minerals Hay, grain, straw Transportation List: 12- Veterinary surgeons, drugs, insemination 13- Wages (excluding your wages and those of your spouse) 14- Contract work 15- Employer contributions: Régie des rentes du Québec, Régie de l assurance maladie du Québec, employment insurance benefits, Commission de la santé et de la sécurité du travail, Québec Parental Insurance Plan 16- Truck, farm only: Gas and oil 17- Tractor, farm only: Licence, permits and insurance Gas (Diesel and oil) Licence, permits and insurance Subtotal of expenditures (Total of the above lines to be carried to page 6) Page 5

Section 2 STATEMENT OF REVENUES AND EXPENDITURES (continued) EXPENDITURES (continued) Subtotal of expenditures carried from page 5 18- Car, farm only: Gas, oil Licence, permits and insurance 19- Machinery and equipment 20- Farm building (excluding residence) 21- Land Fences and ditches Mechanical loader, surface drainage 22- Rents (land, buildings, pastures) 23- Municipal and school taxes X 75 = 24- Insurances Fire X 75 = Crop, livestock and liability (100) Stabilization of farm products 25- Interest costs Mortgage X 75 = Security (100) 26- Livestock (Market value at the beginning of the period covered) 27- expenditures Telephone (farm only) Electricity (farm only) Water supply (farm only) UPA contributions, farmers association Fees Total expenditures 02 Gross revenues (carried from line 01, page 4) 01 Total expenditures (carried from line 02 above) 02 Net benefit (line 01 less 02 ) 03 Page 6

Section 3 CAPITAL INCOME AND EXPENDITURES CAPITAL INCOME Sale of land Sale of machinery Sale of quota TOTAL capital income CAPITAL EXPENDITURES Land purchase or improvement Underground drainage Construction or improvement of buildings Purchase of machinery Purchase of quota TOTAL capital expenditures Section 4 DEBTS AND LIABILITIES OF THE FARM Period ended on Name of creditors (A) of real estate DATE OF LOAN AMOUNT OF LOAN RATE MONTHLY PAYMENT PRESENT BALANCE TOTAL of section A... (B) of machinery TOTAL of section B... Subtotal of section A and B (Subtotal to be carried to page 8) Page 7

Section 4 DEBTS AND LIABILITIES OF THE FARM (continued) Subtotal of sections A and B carried from page 7 Name of creditors (C) of livestock DATE OF LOAN AMOUNT OF LOAN RATE MONTHLY PAYMENT PRESENT BALANCE TOTAL of section C TOTAL of sections A, B and C Name of creditors (D) of other farm debts DATE OF LOAN AMOUNT OF LOAN RATE MONTHLY PAYMENT PRESENT BALANCE TOTAL of section D (E) of personal debts TOTAL of section E Section 5 SOLEMN AFFIRMATION I solemnly affirm that the information provided on this form is accurate and complete, and I agree to inform the Ministère du Travail, de l Emploi et de la Solidarité sociale of any changes to this information. Date Signature of the respondent Page 8