Robert E. and Carloyn S. Holmes - Page 7

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                                 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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