- 7 -
1987 1988 1989 1990 1991
Income:
Sale of livestock
and produce
Corn -- $423 -- $2,927 --
Soybeans $459 -- -- -- --
Hay and straw -- -- $2,000 -- --
Miscellaneous -- -- -- 525 $1,729
Insurance proceeds -- -- 514 938 938
ASCS Payments -- -- -- 3,148 --
Rental/crop income -- -- -- -- 5,900
Federal and state
gasoline fuel tax
credit or refund 18 19 89 -- --
Agricultural
program payments 3,004 2,537 2,929 -- 2,607
Total gross income 3,481 2,979 5,532 7,538 11,174
Expenses:
Custom hire
(machine work) -- -- (4,475) (968) (1,381)
Depreciation (4,899) (7,700) (7,010) (6,109) (5,451)
Fertilizers and
lime -- (5,488) -- (1,800) (1,029)
Freight & trucking -- -- -- (79) --
Gasoline, fuel, and
oil (1,483) (1,426) (309) (324) (193)
Insurance -- (325) (337) (810) (456)
Interest mortgage (12,803) (13,385) (12,860) -- --
Net labor (1,800) (2,546) (2,796) (2,487) (283)
Rent of farm,
pasture -- (94) -- -- --
Machine hire (2,090) -- -- -- --
Repairs &
maintenance (2,793) (7,482) (3,679) (2,164) (3,685)
Seeds, plants
purchased (2,673) (3,850) -- (583) --
Supplies purchased(2,103) (9,785) (2,090) (1,021) (1,789)
Taxes (5,563) (5,698) (10,639) (12,103) (1,404)
Utilities -- (120) (389) -- --
Other expenses
Vehicle (1,620) (1,728) (1,632) -- --
Misc. (2,142) (1,145) (536) (302) (873)
Telephone -- -- (393) -- --
Planting (5,263) (2,224) -- -- --
State Farm
interest (7,914) (4,226) (455) (1,222) --
Great Lakes
interest -- -- -- (12,209) (6,256)
Dues &
subscriptions -- -- -- (20) (124)
Other insurance -- -- -- -- (158)
Professional -- (543) (527) (547) (350)
Casual labor -- -- -- -- (2,120)
Postage -- -- -- -- (9)
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Last modified: May 25, 2011