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My Yearly Cattle costs are 55 cents/day/cow in Texas, What am I doing wrong?
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<blockquote data-quote="1982vett" data-source="post: 1728551" data-attributes="member: 7795"><p>Not sure I really want to do this, but here goes.</p><p></p><p>My cattle expenses per cow....ie Schedule F...no other agriculture here except cattle.</p><p></p><p> 36.37 Truck expenses...gas, insurance, repairs, 2 tires, service (2005 model truck exclusively used on the farm)</p><p> 34.27 Chemicals....about 30% more than usual because of weather. Took more chemical.</p><p>259.57 Depreciation...in addition to ongoing depreciable items, I expensed 14 bought cows, my share of 500 ft of new fencing, new meter pole</p><p> 14.92 Feed... Cubes for penning cattle, salt, mineral.</p><p> 18.68 Fertilizer... 2 tons spred on 14 acres cut for hay 1 time then grazed.</p><p> 7.57 Fuel and oil...mule, weedeater, chainsaws, lawn mowers, gas powered tools...(add $10 for tractor fuel bough every other year)</p><p> 19.20 Insurance... Farm liability, building and equipment coverage.</p><p> 28.42 Land rent</p><p>115.97 Repair and Maintenance...big item expense on baler and tractor this year, but usually a large expense on something each year.</p><p> 25.13 Supplies....fence charger, shop supplies, small tools, baling twine, wire, water floats, ear tags.....</p><p> 20.70 Farm Utilities...electricity, cell phone, internet.</p><p> .83 Veterinary</p><p> 3.13 Accountant</p><p> 4.53 Office Expense...computers, printers, paper, software....</p><p> .33 License and Permits...Continuing Education needed for pesticide license.</p><p> 39.05 Sales Commission</p><p></p><p>By some accounting methods, it cost me $14.92 to feed my cows this year.....</p><p></p><p>By the way....FICA and Federal Taxes will take about another $6.25.</p><p></p><p>That left about an $86.88 net profit per cow.</p><p></p><p>Stocker Steve...that's roughly $14.48 an acre...</p></blockquote><p></p>
[QUOTE="1982vett, post: 1728551, member: 7795"] Not sure I really want to do this, but here goes. My cattle expenses per cow....ie Schedule F...no other agriculture here except cattle. 36.37 Truck expenses...gas, insurance, repairs, 2 tires, service (2005 model truck exclusively used on the farm) 34.27 Chemicals....about 30% more than usual because of weather. Took more chemical. 259.57 Depreciation...in addition to ongoing depreciable items, I expensed 14 bought cows, my share of 500 ft of new fencing, new meter pole 14.92 Feed... Cubes for penning cattle, salt, mineral. 18.68 Fertilizer... 2 tons spred on 14 acres cut for hay 1 time then grazed. 7.57 Fuel and oil...mule, weedeater, chainsaws, lawn mowers, gas powered tools...(add $10 for tractor fuel bough every other year) 19.20 Insurance... Farm liability, building and equipment coverage. 28.42 Land rent 115.97 Repair and Maintenance...big item expense on baler and tractor this year, but usually a large expense on something each year. 25.13 Supplies....fence charger, shop supplies, small tools, baling twine, wire, water floats, ear tags..... 20.70 Farm Utilities...electricity, cell phone, internet. .83 Veterinary 3.13 Accountant 4.53 Office Expense...computers, printers, paper, software.... .33 License and Permits...Continuing Education needed for pesticide license. 39.05 Sales Commission By some accounting methods, it cost me $14.92 to feed my cows this year..... By the way....FICA and Federal Taxes will take about another $6.25. That left about an $86.88 net profit per cow. Stocker Steve...that's roughly $14.48 an acre... [/QUOTE]
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My Yearly Cattle costs are 55 cents/day/cow in Texas, What am I doing wrong?
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