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Version 2011.06.481 - New Crop Marketing Enterprise

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March 15, 2011 03:46PM
Version 2011.06.481 is available via Check for Updates. This includes a change for a new Crop Marketing Enterprise in Funds. Below is a summary of the changes. There is a detailed FAQ available in the Funds section of the FAQ webpage at:

[www.farmworks.com]


Summary: The way Harvested Crops are handled in Farm Funds has changed. No longer will sales of harvested crops be allocated back to the fields where the crop came from. Instead, at the time of the harvest, crops are given a value and are transferred to a Marketing Enterprise. Later, when the crops are sold, the revenue for the sale is shown on the Marketing Enterprise. By doing this, the Field Enterprise Statements are designed to reflect the profit/loss for each field excluding any profit/loss from the actual marketing of the crop. Typically the value that will be assigned to the crop will be the value that the crop could have been sold at if it were sold at the time it was harvested. The Crop Marketing enterprise will then reflect any profit/loss from the sale of the crop. This Profit/Loss will be computed by taking the difference in the amount assigned to the crop at harvest and the price that it was actually sold for. This profit is then adjusted for any additional expenses (such as drying and storage costs) and income (such as hedging gains) to come up with the actual Marketing Gain/Loss.
SubjectAuthorPosted

Version 2011.06.481 - New Crop Marketing Enterprise

Scott NusbaumMarch 15, 2011 03:46PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Mitch KonenMay 11, 2011 11:34PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

dirtclodMay 07, 2011 06:48PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Scott NusbaumMay 09, 2011 07:24AM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Brian ThompsonMay 11, 2011 09:36PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

David FinckApril 08, 2011 09:47AM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Scott NusbaumApril 08, 2011 12:44PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Roger DuMondApril 07, 2011 04:25PM

Re: Version 2011.06.481 - New Crop Marketing Enterprise

Scott NusbaumApril 08, 2011 08:37AM



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