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Farm Business & Financial Management

Farm Income Statement Template

A section outline for a farm income statement that shows revenue and expenses for a set period. Operators use it to see whether the business made money and share results with lenders.

Download free PDF1 page, US Letter, prints clean in black and white

TemplateFarm Business & Financial ManagementFree PDF

Sections on this template

  • Reporting period and method
  • Crop sales for the period
  • Livestock and product sales
  • Government payments and other income
  • Cost of purchased inputs
  • Labor and custom hire
  • Depreciation and interest
  • Other operating expenses
  • Net farm income summary

How to use this template

Fill in each section, then have the people involved read it. Edit it until it matches how your operation really works.

Where to check the details

This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with eXtension and USDA Economic Research Service.

For more in this area, see the farm money and loan guides. Between chores, farm.FM has farm humor, including Farm Accidents Aren’t Fun, and agribusiness farm stories.

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