FISCHER FARM SERVICES
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2005 Revenue Projection for Roundaway Plantation
Rice Production:
1,054.8 acres Rice at 140 Bu./ac. @ $4.25/Bu.
$ 627,606.00
Soybean Production:
1,054.8 acres irrigated soybeans (rice rotation) x 45 Bu./ac. @ $6.25/Bu
$ 296,662.50
155.8 acres irrigated soybeans x 45 Bu./ac @ $6.25
$ 43,818.75
99.2 acres non-irrigated soybeans x 25 Bu./ac @ $6.25
$ 15,500.00

Wheat Production:

223.3 acres wheat x 60 Bu./ac @ $3.50
$ 46,893.00
100% Projected Farm Revenue for 2005
$1,030,480.25

2005 Farm Rent Payment for Roundaway Plantation
Landowner's 28% Share of the Projected Farm Revenue of $1,030,480 for 2005
     Projected Farm Rent Revenue
  $288,534
Yearly Expenses
     Insurance Coverage:
   
          Homes, Shop, Grain Bins
 $4,078  
          Irrigation Equipment
 $1,270  
          Grain Storage
 $ 786  
          Liability
 $1,062  
  $ 7,196
     Farm Management Fee
     (6% of Land Owner Revenue)
   $ 17,312
     Maintenance & Repair
   $ 10,000
     Property Taxes
   $ 13,829
     Miscellaneous
   $ 1,500
     CPA & Legal Fees
   $ 1,000
   
Total Average Yearly Expenses   $ 50,837
     
Projected 2005 Net Income for Roundaway Plantation
 $ 237,697

 
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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