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Re: Custom Farming

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January 19, 2015 11:35AM
Brian , I have been doing this for some time now, there is no wrong or right way to do this. It is all about how or what you want to see on your books. I have set up the custom farm fields as sharecrop, landlord percentage is at 100%,then I farm all fields normally. I then allocate all income from farming activities back to fields. All inputs I buy that are used are sold to an income account (inputs resold) and are allocated back to fields farmed. This gives me a line item for custom farming for my books and also for inputs sold. The field becomes your custom farm enterprise, just as it was when you rented it.

Worked for me. Good Luck!!
SubjectAuthorPosted

Custom Farming

BrianVJanuary 19, 2015 08:23AM

Re: Custom Farming

KathyClineJanuary 19, 2015 04:35PM

Re: Custom Farming

BrianVJanuary 20, 2015 07:00AM

Re: Custom Farming

KathyClineJanuary 20, 2015 09:39AM

Re: Custom Farming

BrianVJanuary 21, 2015 07:51PM

Re: Custom Farming

KathyClineJanuary 22, 2015 08:02AM

Re: Custom Farming

BrianVJanuary 26, 2015 11:02AM

Re: Custom Farming

KathyClineJanuary 26, 2015 03:23PM

Re: Custom Farming

dirtclodJanuary 19, 2015 11:35AM



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