Farm Business & Financial Management
Profit & Loss Statement for Farms
A profit and loss template made for farm businesses, grouping sales and costs by enterprise. It helps owners see which parts of the farm earn money and which need a closer look.
TemplateFarm Business & Financial ManagementFree PDF
Sections on this template
- Reporting period and method used
- Sales by enterprise
- Cost of goods sold or inputs
- Gross profit after direct costs
- Labor expense including family
- Machinery and fuel expense
- Rent, interest and insurance
- Overhead and office costs
- Net profit or loss
How to use this template
Work through the sections one at a time. Anything with legal, tax or insurance effect should be reviewed by the right professional before you rely on it.
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 IRS.
For more in this area, see the farm finance explained. Between chores, farm.FM has farm humor, including Farmer Works 50 Years Growing Crops at a Loss, Makes First Profit When Suburban Family Pays $80 to Get Lost in His Cornfield, and agribusiness farm stories.