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9-30-90 Farm income1 $71,585,386
Income from receipt of 8,160,745
distrib. ptrship. assets
Income from discharge of 4,984,403
indebtedness
Additional sec. 1231 gain 720,526
Depreciation expense 515,265
Interest expense 222,963
Other farm deductions2 40,161,738
Fuel credit 14,462
Research credit 1,828,968
1Includes $47,762,200 of management fee income from
sharecrop agreements with cattle-breeding partnerships
and $32,057,283 of sales income (see comment 2 below)
from transfer of animals to Ranches.
2Includes $32,057,283 payment made to Ranches to
satisfy debt “over several years” for feed,
management, consulting, freight services, etc.
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