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Central Indiana | The income is still there no matter what, it is a matter of enterprise transfer.
I feed 22000 bushels of corn per year. I can value it at cost, or at market value. That will never change my whole farm cash income statement. Feeding corn does change an accrual statement, but the cost of corn to the livestock would be offset by an equal amount of corn income. If I value the corn I feed at $7.00 my corn income would be $44000 more than if I valued the corn at cost,of say $5, but my livestock income would be $44000 less, so it equals out. | |
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If you raise
