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sharecrop agreements with cattle-breeding partnerships
and $36,201,929 of sales income (see comment 2 below)
from its transfer of animals to Ranches.
2Includes $36,201,929 payment made to Ranches to
satisfy debt “over several years” for feed,
management, consulting, freight services, etc.
9-30-88 Farm income1 $103,783,980
Income from receipt of 1,450,793
distrib. ptrship. assets
Depreciation expense 25,196
Interest expense 14,770
Other farm deductions2 47,333,591
Fuel credit 13,223
Research credit 1,552,690
1Includes $54,610,680 of management fee income from
sharecrop agreements with cattle-breeding partnerships
and $41,409,067 of sales income (see comment 2 below)
from its transfer of animals to Ranches.
2Includes $41,409,067 payment made to Ranches to
satisfy debt “over several years” for feed,
management, consulting, freight services, etc.
9-30-89 Farm income1 102,989,553
Income from receipt of 10,809,647
distrib. ptrship. assets
Income from discharge of 4,984,403
indebtedness
Depreciation expense 231,521
Interest expense 369,617
Other farm deductions2 61,937,655
Fuels credit 14,178
Research credit 762,645
Section 179 expense 13,566
1Includes $35,889,200 of management fee income from
sharecrop agreements with cattle-breeding partnerships
and $54,879,409 of sales income (see comment 2 below)
from transfer of animals to Ranches.
2Includes $54,879,409 payment made to Ranches to
satisfy debt “over several years” for feed,
management, consulting, freight services, etc.
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