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Nw Iowa | I would bet that when most figure depreciation and family living, health insurance and all costs like some of the business programs do, most would be shocked how this years numbers look. Here there is a farm business management program sponsored by state university called adult farm management that does accounting for a lot of area farmers, this years numbers were pretty bleak. That includes a lot of guys that have very little debt and a lot of net worth. Take 8- 10% depreciation on farm equipment, 2-4% on your buildings and tile ( how a business would do it, you wrote all these improvements off and they have a life expectancy like any thing else) and see how it looks with 4$ corn. I realize I will get flamed but it would be normal business accounting. | |
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Crop budgets
