Beruflich Dokumente
Kultur Dokumente
320 Acres
Amount Borrowed 648,110 Term 30 year mortgage
Interest Rate 5.55%
Date Description Product In Product Out Inventory Balance Item CostTotal Inventory Value
1/1/2015 beginning balance 43,000 $ 4.35 $ 187,050
2/5/2015 Independent Grain 23,000 20,000 $ 4.15
3/5/2015 Wishmore Feedlot 12,000 8,000 $ 4.10
8/17/2015 Independent Grain 8,000 - $ 3.85
10/25/2015 Harvest Corn 67,500 67,500
10/25/2015 Independent Grain 28,500 39,000 $ 3.90
12/15/2015 Wishmore Feedlot 25,000 14,000 $ 3.90
12/31/2015 Corn On Hand 14,000 $ 3.75 $ 52,500
Transaction Journal
For Year Ending on December 31,2015
g Nonfarm
Operating Capital Money Nonfarm Expense Interest Principal Capital Expense Cash
Date Explanation Receipts Sales Borrowed Income s Payments Payments Purchases s Balance
1/1 6,413
2/5 Independence Grain 95,450 101,863
2/21 Grange Supply 9,475 92,388
3/1 Taxes - SS & Income 19,800 72,588
3/5 Wishmore Feedlot 49,200 121,788
3/17 Last National 2,537 37,000 82,251
4/1 Mortgage Payment 33,220 11,620 37,411
4/15 Real Estate Taxes (1st half) 2,875 34,536
5/12 High and Dry Irrigating 31,580 2,956
5/24 Hart Throb 8,250 11,206
6/15 Big Valley Service 5,370 5,836
7/15 Last National 38,000 43,836
7/20 Frank's Farm Supply 22,280 21,556
7/25 Buzzem Aerial Applicators 12,600 8,956
8/17 Independence Grain 30,800 39,756
9/15 Grange Supply 19,450 20,306
10/1 Tractor Loan Payment 447 6,471 13,388
10/5 New Planter 10,000 3,388
10/15 Real Estate Taxes (2nd half) 2,875 513
10/25 Independence Grain 111,150 111,663
11/5 Harry Husker 29,600 82,063
11/15 Planter 55,000 27,063
11/28 Sold Planter 28,500 55,563
12/5 Personal withdrawal 38,000 17,563 cash balance 12/31/15
12/15 Wishmore Feedlot - pay in 2016 97,500 115,063
Totals 392,350 28,500 38,000 - 136,105 36,203 55,092 65,000 57,800
Total 458,850
Total 350,200
Difference 108,650
AR (97,500)
11,150
Balance Sheet
Platte Valley Paul
As of 1/1/2015
Assets Liabilities
Current Assets Cost Market Current Liabilities Cost Market
Total Assets 1,053,243 1,496,263 Total Liabilities and Net Worth 1,053,243 1,496,263
Check Figures - -
Balance Sheet
Platte Valley Paul
As of 12/31/2015
Assets Liabilities
Current Assets Cost Market Current Liabilities Cost Market
Total Assets 1,011,488 1,542,093 Total Liabilities and Net Worth 1,011,488 1,542,093
Check Figures - -
Accrual Income Statement Cash Income Statement
For Year Ending in 12/31/15 For Year Ending in 12/31/15
Revenue Revenue
Crop Sales 286,600 Crop Sales 286,600
Change in Crop Inventory (134,550) Custom Work Preformed 8,250
Change in Accounts Receivable 97,500 Total Revenue 294,850
Custom Work Preformed 8,250
Total Revenue 257,800
Expenses Expenses
Cash Operating Expenses 136,105 Cash Operating Expenses 136,105
Change in Prepaid Expenses 22,500 Interest 36,203
Change in Fuel/Supplies 1,270 Depreciation 19,533
Change in Accounts Payable (2,945) Total Farm Expense 191,841
Change in Accrued Real Estate Taxes 375
Total operating expenses 157,305
Interest Paid 36,203 Net Farm Income from Operations 103,009
Change in Interest (1,378)
Depreciation 19,533 Gain/Loss on Sale of Capital Assets (9,053)
Total Farm Expense 211,664
Net Income 93,956
Net Farm Income from Operations 46,136
Liquidity
Current Ratio 2.3196 2.3196 1.9886 1.9886
Working Capitol 128,436 128,436 87,540 87,540
Cost Market
Rate of ROA 4.64% 0.62%
Rate of ROE 6.66% 2.89%