- 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)Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011