PAGE NO. 1 49000100 Happy Acres Farms Y/E 12-31,
02/08 Pd. 1-01 THRU 6-30, CB # 1
FARM P & L CASH BASIS
BASED ON UNAUDITED INFORMATION
DESCRIPTION ACTUAL BUDGET VARIANCE % INC
INCOME
140 Beef Feeders-Feedlot 2,704 3,582 -878 3.09
470 Hogs Farrow Finish 5,094 4,248 846 5.82
510 Hogs Weaning Pig Prod 45,469 45,000 469 51.92
Dairy Products Sold 27,670 27,674 -4 31.60
*MARKET LVSTK & PRODUCTS SOLD 80,937 80,504 433 92.42 *
222 High moisture corn 3,088 3,099 -11 3.53
*TOTAL CROP INCOME 3,088 3,099 -11 3.53 *
Tax Refunds 637 637 .73
Custom Work Income 2,900 4,400 -1,500 3.31
Patronage Coop Refunds 9 12 -3 .01
*TOTAL OTHER FARM INCOME 3,546 4,412 -866 4.05 *
*TOT FARM OPERATING INCOME 87,571 88,015 -444 100.00 *
============================== ========== ========== ========== ======
EXPENSES
*TOT LVSTK PURCH FOR RESALE 0 0 0 .00 *
Veterinary & Misc Lvstk Exp 3,874 2,160 -1,714 4.42
Feed Bought 14,162 8,870 -5,292 16.17
Fertilizer Expense 5,533 3,725 -1,808 6.32
Chemicals Expense 1,524 1,669 145 1.74
Seed Expense 594 678 84 .68
Custom Work Expense 405 636 231 .46
Fuel-Gas, Diesel & Lubricants 2,622 2,628 6 2.99
Repairs & Upkeep 2,223 1,922 -301 2.54
Labor-Wages, Taxes & Fringe 5,928 5,645 -283 6.77
Real Estate Taxes 387 377 -10 .44
General Farm Expense 185 150 -35 .21
Utilities 715 744 29 .82
Interest 5,040 4,800 -240 5.76
Lease/Rent Payments 4,745 4,245 -500 5.42
*TOTAL EXPENSE & LEASE 47,937 38,249 -9,688 54.74 *
*TOT FARM OPERATING EXPENSE 47,937 38,249 -9,688 54.74 *
============================== ========== ========== ========== ======
Change in Inventory (+ or -)
Depreciation - Capital Adj. 6,000 6,000 0 6.85
*FARM PROFIT OR LOSS (-) 33,634 43,766 10,132 38.41 *
============================== ========== ========== ========== ======
CAPITAL ITEMS
290 Dairy Cows Commercial 2,017 1,032 985 2.30
470 Hogs Farrow Finish 225 225 .26
Lease Income 1,500 1,500 1.71
*TOT CAPITAL SALES/LEASE INC 3,742 1,257 2,485 4.27 *
Auto, Truck & Machinery Bought 5,700 -5,700 6.51
*TOTAL CAPITAL PURCHASES 5,700 0 -5,700 6.51 *
Printed by Ultra Farm for Windows