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| I'm guessing it is due to the timing from when balance sheets were taken. Otherwise I would agree that would be difficult.
I am a strong advocate for keeping track of expenses by crop year. Pretty easy to do but allocating repairs takes some discretion. It's good to know how actual crop year net income stacks up. Many wouldn't know this for 2023 crop until Summer of 2024 when all grain is sold. I'm guessing this is what you had in mind and Reality wasn't talking about this type of P&L. This type is actually more useful to me personally, but banks don't ask for it. | |
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Anyone update 2024 Income Projections Recently?
