Stocks and Bonds
Materials and Equipment
Lease hold improvements
Other real estate
Include money owed to you from the sale of livestock/livestock feed.do not include any loan made by the farmer to anyone
All inventory items including value per unit, total value
Include livestock you plan to sell in the next 12-18 months and exclude breeding livestock.
Use the market value of cars/trucks you own.
Use market value of materials and equipment you own. Don’t include leased materials.
Livestock that has been held over a year/ used for breeding
Money owed to the farm as a loan
List number of hectares and the market value including buildings and fixtures for each land you own. Include your residence with the farm value, if located on the same deed.
List the market value of any asset owned by you and attached to real estate owned by another party that you have control over
Include the market value of real estate you own that has not been included in the other real estate line items.
cash on hand, checking/savings account bank statements as of yearend, personal and business accounts.
When the farmer sells his/her goats and the payment done at a later time.
corn silage, haylage, dry hay, grain, minerals, supplies, fuels, chemicals, seed, fertilizer, etc.
trucks 1,trucks 2…
hunting camps, recreational property, non-agricultural real estate, vacation homes, rental units,
grain bin, shed, barn, or other improvements you made on someone else’s property
Long term liabilities
Loans on Life Insurance
List any other taxes that are due and payable
List all debts owed to vendors, suppliers, creditors for items purchased or services rendered but not yet paid for
Current principal balance of any loans typically taken out to fund operating needs (feed, livestock inventory, supplies, etc) and are expected to be repaid within 12 months.
Account for any accrued rent payments that are due and not yet paid in this section.
Include any loans taken out against a life insurance policy
Include any interest that has accrued on a loan(s) and is due, but not yet paid
These are loans typically taken out to fund capital items including but not limited
Include loans taken out to fund real estate purchases
Include any loans that you co-signed or guaranteed for another party and footnote the details of this contingent liability (to whom, amount, payment, who is making the payments)
Real estate taxes, sales taxes, farm taxes etc.
Feed/livestock suppliers, inventory, vet services, custom hire work
vehicles, equipment, machinery, breeding livestock, fixtures, building improvements, education loans, loans taken out to refinance other debts, personal loans to an individual or family member, capital lines of credit.
residence, farm land, agricultural buildings, commercial property, and bare land
Capital items are livestock for breeding, bulls, bucks,rams etc