96 acres corn x 160 Bu/Acre x $3.80/Bu x 25% crop share
|
$
14,592 |
|
| 103 acres soybeans x 35 Bu/Ac x $9.50/Bu x 25% crop share |
$ 8,561 |
|
Revenue from Crop Production |
|
$ 23,153 |
|
|
|
Yearly Hunting Lease |
|
$ 2,500 |
| |
|
|
USDA Direct Payment |
|
|
Cotton: 85% x 199 base acres x 534 lbs/ac @ $0.0667/lb x 25% |
|
$ 1,506 |
| |
|
|
USDA Counter Cyclical Payment |
|
|
Cotton: 85% x 199 base acres x 534 lbs/ac @ $0.1373/lb x 25% |
|
$ 3,100 |
| |
|
|
Landowner’s Projected 25% Crop Share Farm Revenue |
|
$ 30,259 |
| |
|
|
Yearly
Expenses |
Insurance
Coverage: |
|
|
General
liability |
$
225 |
|
Property
Taxes |
$
2,788 |
|
|
|
|
Total
Average Yearly Expenses |
|
$
(3,013) |
| |
|
|
Projected Annual Net Income |
$
27,246 |
Gibens Creative Group