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Balance Sheet and Income Statement Analysis

Dollar

You can get your Balance Sheet or your Income Statement analyzed individually by clicking on the appropriate button below and plugging in your information.

You can obtain a more accurate assessment of the profitability of your business by clicking the Return on Assets button, which will become accessible once you have completed both Balance Sheet and Income Statement.

To start the process please choose the year :

   

 

 

FARM ASSETS Cost Valuea Market Valueb FARM LIABILITIES Market Value
Checking & Savings Accounts Accounts Payable (owed)
Crops held for sale or feed Farm taxes due
Investment in growing crops Short-term notes and credit lines
Commercial feed on hand Accrued interest
Prepaid expenses Other accrued expenses
Market livestock    
Accounts Receivable    
Supplies on hand (feed, fuel, chemical)    
Other    
Total Current Assets Total Current Liabilities
 
Breeding livestock Notes payable  
Time certificates    -Machinery
Farm securities    -Breeding livestock
Machinery and Equipment Other
Other    
Total Intermediate Assets Total Intermediate Liabilities
 
Buildings/Improvements Real Estate Debt
Farmland Other
Other    
Total Long-Term Assets Total Long-Term Liabilities
 
A. Total Farm Assets B. Total Farm Liabilities
 
PERSONAL ASSETS Market Value PERSONAL LIABILITIES Market Value
Bank accounts, stocks, bonds Credit card, charge accounts
Automobiles, boats, etc. Automobile loans
Household goods, clothing Other loans, taxes due
Real estate Real estate, other long-term loans
Other Other
C. Total Personal Assets D. Total Personal Liabilities
    

aAssets are valued at their original purchase cost less depreciation (i.e. book value)
bCapital assets are valued at their estimated current market value


Indicator Value Comment Interpretation of Analysis
Total Farm Net Worth (Cost Value)    
Total Farm Net Worth (Market Value)    
Liquidity Ratio    
Solvency    
Total Personal Net Worth (Market Value)    
Total Net Worth (Market Value)    
    
INCOME EXPENSES
Cash Income Cash Expenses
Sale of livestock Livestock purchased
Sale of crops Feed purchased
Agricultural program payments Breeding fees
Crop insurance proceeds Car and truck expenses
Other cash income Chemicals
A. Total Cash Income     Conservation expenses
Income Adjustments At start of year At end of year Custom hire
Crops held for sale or feed Employee benefits
Livestock held for sale Fertilizer and lime
Accounts receivable Freight, trucking
Breeding livestock Gasoline, fuel, oil
Other Insurance
B. Net change in Income Adjustments Interest paid
C. Estimated value of home-used production Labor hired
D. Gross Farm Revenue Pension and profit-share plans
Sales of farm capital assets Rent of land, buildings, equipment
   -Machinery Repairs, maintenance
   -Land Seeds, plants
   -Other Storage, warehousing
Cost of capital assets sold (book value) Supplies purchased
   -Machinery Taxes (farm)
   -Land Utilities
   -Other Veterinary fees, medicine
E. Capital Gain of Loss     Other cash expenses
  E. Total Cash Expenses
  Expense Adjustments At start of year At end of year
  Investment in growing crops
  Prepaid expenses
  Supplies on hand (feed, fuel, chemical)
  Other expense adjustments (assets)
 
  Accounts payable (owed)
  Farm taxes due
  Accrued interest
  Other accrued expenses
  Other expense adjustments (liabilities)
  G. Net Change of Expenses Adjustments
  H. Depreciation
  I. Gross Farm Expenses
  

Indicator Value Comment Interpretation of Analysis
Net Farm Income from Operations    
Net Farm Income    
    
Net Farm Income from Operations (from Income Statement)*  
Interest Expense (from Income Statement)*  
  Dollar Figure   or % Gross Farm Expense
Estimated Cost of Family Labor
Estimated Cost of Owner Management
  End of Year Start of Year
Total Farm Assets (Cost Value-from Balance Sheet)*
Total Farm Assets (Market Value-from Balance Sheet)*
Minimum Acceptable Rate of Return  
  

  



* To edit your net farm income from operations or interest expense, please go to Income Statement.
* To edit your total farm assets (cost value and market value), please go to Balance Sheet.

Indicator Value Comment Interpretation of Analysis
Rate of Return on Assets (Cost Value)    
Rate of Return on Assets (Market Value)    

 

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