Record Keeping B Agribusiness Farmers and Land Record Keeping ...

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Livestock Production RecordKind of LivestockHogsNo.Beginningof YearAcquiredPurchaseDispositionSold Home Use ReplacementNo.endNO. Value No.BornNo.RaisedNo. Value No. Value No. Value ofyearNotes on FeedingVaccinations, etc.First FarrowSecond FarrowCattleOther LivestockPoultry- 104 -
Instructions for Filling out the Income StatementAn income statement may be prepared for the farm as a unit or for individual enterprises.The procedures are basically the same, although two farm statements may differ considerablybecause of different objectives and organization. There are essentially three parts in thisincome statement, revenue, expenses and non-farm income. The other parts are the totalgross farm revenue, total expenses, net farm income and net income.Specific Instructions1. Transfer From….This appears in the first column of the table and tells you where to getsome of the items listed in the income statement.2. Revenue….The revenue items in the Table are self explanatory. All revenue yieldingitems should be included. Those not listed should be grouped as “Other Farm Income.”3. Total Gross Farm Revenue…Add the dollar amounts listed under “Revenue” and enterin the space provided. The year of operation should be specified as indicated.4. Expenses….Some items of expenses are listed here. Enter expenses againstcorresponding items. Again, farm expenses omitted should be included as “Other FarmExpenses.”5. Total Expenses… Add the dollar amount under “Expenses” and enter in the spaceprovided.6. Net Farm Income… To obtain this, subtract total expenses from total gross farmrevenue and enter as specified.7. Non-Farm Income…Some non-farm income sources are listed here and include wagesand tips. All other non-farm income should be entered in the space provided. Add theseentries together to get total non-farm income. Next, enter income before tax, your totalincome tax expense, and family living expenses. Add together total non-farm incomeexpenses and family living expenses to get your total non-farm expense.8. Net income…Enter the difference between total non-farm income and total non-farmexpense obtained in number 7. Get this by subtracting total non-farm expense from totalnon-farm income.- 105 -
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2009-2015Record Keeping Book forAgr
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Table of ContentsSmall Farms Resear
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Farm Record Keeping Book ExpensesNa
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Projected and Actual Farm Budget fo
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Instructions for Filling out Daily
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Squash SeedCustom HireTaxesUtilitie
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ItemSquash SeedCustom HireTaxesUtil
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Page 53 and 54: Squash SeedCustom HireTaxesUtilitie
Page 55 and 56: ItemSquash SeedCustom HireTaxesUtil
Page 73 and 74: ItemSeed CornSeedSoybeanS. PotatoSe
Page 75 and 76: Instructions for Filling out Annual
Page 77 and 78: ItemGreen OnionOkra SeedSquash Seed
Page 79 and 80: Income and Social Security Taxes Pa
Page 81 and 82: Reserve (FOR) loan program with a d
Page 83 and 84: 35. Total long term liabilities—e
Page 85 and 86: Non Farms AssetsDollarValueNon Farm
Page 87 and 88: 9. Transportation—for each month,
Page 89 and 90: Date Item HouseholdOperatingFoodInc
Page 101 and 102: Instructions for Filling out Money
Page 103: Instructions for Filling out Livest
Page 107: Small Farm Research CenterAlabama A
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