FARM INCOME AND EXPENSE WORKSHEET FOR

FARM INCOME AND EXPENSE WORKSHEET ________(year)

Name ______________________________________________________________________________ Principal Activity _______________________________________ Principal Product __________________________

FARM INCOME

Sale of livestock and other items purchased for resale (do not include animals used for draft, breeding, dairy or sport)

ITEMS SOLD

COST

AMOUNT RECEIVED

Sale of raised livestock and produce Amount Received

Cattle Sheep Swine Poultry Dairy Products Eggs Wool Cotton Tobacco Soybeans Corn Other Grains Hay & Straw Fruits & Vegetables

Other Farm Income Amount Received

Agricultural Program Payments Cash Materials & Services

Commodity Credit Loans Crop Insurance Proceeds Machine Work Gas Credit Refund (from last Return) Other

Sale of Livestock (draft, breeding, dairy, or sport) and Sale of machinery, equipment, or land

Item Sold

Date

Selling Price

Expenses

Date Acquired

Cost

MAJOR PURCHASES & IMPROVEMENTS

Item Purchased

Date

Cost (including sales tax)

New / Used

Item Traded

* * CHECK LAST YEARS DEPRECIATION SCHEDULE TO BE SURE ALL ITEMS ARE CURRENT * * Questions: __________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________

FARM EXPENSES

Item Car & Truck Expense (Below) Chemicals Conservation Expenses Custom Hire (Machine Work) Depreciation Employee Benefits Feed Purchased Fertilizer & Lime Freight, Trucking Gasoline, Fuels, Oil

(for farm use only) Non-Highway Gas (gals) Non-Highway Oil (gals) Insurance Mortgage Interest Paid to Financial Institution Paid to Individuals (include name & address) Other Interest Labor Hired

Amount

Item Pension & Profit Sharing Plans Rent ? farmland

- pasture - equipment Repairs & Maintenance Seeds & Plants Purchased Storage, Warehousing Supplies Purchased Taxes Utilities Veterinary Fees, Breeding & Medicines Other (specify) Advertising Attorney & Professional Fees Bank Charges (business) CCC Deduction Farm Organization Dues & Publications Meals Served Hired Help Office Supplies & Postage Licenses Travel ? Overnight Lodging & Food Land Clearing

Amount

CAR & TRUCK EXPENSES

Year, Make & Model Date Purchased Cost Trade in Allowance Mileage - End of Year

- Beginning of Year Total Business Miles Parking & Tolls Interest License & Sales Tax Gas, Oil, Lubes Repairs, Washing, Waxing Tires, Batteries, Supplies Insurance Other Mileage _______ @ ________ = _________

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