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Anyone update 2024 Income Projections Recently?
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Hanktbd
Posted 8/29/2024 22:00 (#10871751 - in reply to #10871561)
Subject: RE: Anyone update 2024 Income Projections Recently?



Central IL		Easy. Accrual based accounting with unsold grain in the bins to start the fiscal year. Take a year with narrow new crop margins and lose a buck and a half per bushel on the value of stored grain from last year and Wala! you have a paper loss. That is because you inventoried that corn in the bin for a big profit the year before but failed to actually sell it before the prices went to heck.

Edited by Hanktbd 8/29/2024 22:20
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