Worksheet 1. Calculating your profit per cwt from Schedule F
| Average number of cows per year |
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| Total cwt milk sold for the year |
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| Schedule F line number and description |
Farm total |
Per cwt |
| Farm income |
| 1. Sales of livestock bought for resale |
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| 2. Cost or other basis of line 1 |
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| 3. Subtract line 2 from line 1 |
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| 4. Sales of farm products |
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| a. Milk sales |
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| b. Crop sales |
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| c. Cattle sales |
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| Total of lines 5b + 6b + 7 + 8 + 9 + 10 |
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| 11. Gross Income (lines 3 to 10) |
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| Farm expenses |
| 12. Car and truck expenses |
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| 13. Chemicals |
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| 14. Conservation expenses |
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| 15. Custom hire |
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| 16. Depreciation |
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| 17. Employee benefits |
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| 18. Feed purchased |
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| 19. Fertilizer and lime |
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| 20. Freight and trucking |
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| 21. Gasoline, fuel, and oil |
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| 22. Insurance (other than health) |
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| 23a + 23b. Interest |
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| 24. Labor hired |
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| 25. Pension and profit-sharing |
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| 26a + 26b. Rent or lease |
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| 27. Repairs and maintenance |
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| 28. Seeds and plants purchased |
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| 29. Storage and warehousing |
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| 30. Supplies purchased |
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| 31. Taxes |
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| 32. Utilities |
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| 33. Veterinary, breeding, and medicine |
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| 34. Other expenses |
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| 35. Total (lines 12 to 34) |
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| 36. Net farm profit |
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