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Revenue & Income |
Average Farm Revenue Projection
| Year 1: |
| 600 acres rice x 150 Bu/ac x $4.25/Bu x 28% |
$107,100 |
| 600 acres soybeans x 40 Bu/ac x $7.50/Bu x 28% |
$ 50,400 |
| 493 acres corn x 140 Bu/ac x $3.60/Bu x 28% |
$ 69,572 |
| USDA Direct Payment: $39,758 x 28% |
$ 11,132 |
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$238,204 |
| Year 2: |
| 600 acres rice x 150 Bu/ac x $4.25/Bu x 28% |
$107,100 |
| 600 acres soybeans x 40 Bu/ac x $7.50/Bu x 28% |
$ 50,400 |
| 493 acres wheat x 60 Bu/ac x $4.25/Bu x 28% |
$ 35,200 |
| 493 acres soybeans behind wheat x 30 Bu/ac x $7.50/Bu x 28% |
$ 31,059 |
| USDA Direct Payment: $39,758 x 28% |
$ 11,132 |
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$234,891 |
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$473,095 |
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÷ 2 years |
| Average Revenue from Crop Production |
$236,547 |
Annual Farm Rent Payment
| Landowner’s 28% Share of the Projected Average Farm Revenue |
$236,547 |
Yearly Expenses
| Insurance Coverage |
$ 7,000 |
| Farm Management Fee (6% of Land Owner Revenue) |
$ 14,192 |
| CPA Fee |
$ 1,200 |
| Miscellaneous Expenses |
$ 4,000 |
| Property Taxes |
$ 16,320 |
| Total Average Yearly Expenses |
$ (42,712) |
| Projected Annual Net Income |
$ 193,835 |
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Fischer Farm Services - 312 Hwy. 8 West - P.O. Box 926 - Aberdeen,
Mississippi 39730
Phone: 662.369.9531 - Fax: 662.369.7607 |
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Gibens Creative Group