MONTH CHEM QUAN ACRES CPU

Weed Spray on 5/10/96 5 Weed 1 1 1262.50

Total Chemical Costs

Schedule D -- Crop Insurance Cost

Month Per Number
Crop Paid Acre Of Acres
MONTH CPU ACRES
SPA NCBA Case Ranch
January 2, 1997
MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH
Projected Cash Flow 1 2 3 4 5 6 7 8 9 10 11 12
Minimum cash Bal. Desired 0.00 Enter the desired minimum cash balance
at the begining of each month

Interst rate on Enter the expected interest rate on the

operating loan 0.00 operating loan in location B6

Enter the cash balance

at the begining of the year 95062.00

Date Prepared January 2, 1997

January February March April May June July August Sept October November December
Crop Sales Income - Schedule 1 1 2 3 4 5 6 7 8 9 10 11 12 Total
Schedule 1 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Other 0
Other 0
Livestock Sales Income Schedule 2 & 3
Income (Per Head) From Sch. 2 0 0 0 0 0 0 0 0 0 0 0 0 0
Income (Per Cwt) From Sch. 3 0 0 0 0 0 0 0 0 0 54277 0 0 54277
Other 0
Other 0
Other 0
Other 0
Capital Asset Sales - Schedule 4 -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Raised Breeding Lvstk Sch. 4 0 0 0 0 11832 0 0 0 0 5524 11207 0 28564
Purchased Breeding Lvstk Sch. 4 0 0 0 0 0 0 0 0 2164 0 0 0 2164
Other Capital Assets Sch. 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Cash From Government Program Payments -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Income From Sch. 5 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash From PIK Certs. Sch. 6 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Cash rents/Leases -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Machinery 0
Land 0
Other; Bees 40 40
Other Sources of $$ -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Timber 0
Lake Upsata 500 500
State gas refund 0
Insurance Paymts 0
Tax refunds 0
Misc. Income 217 84 42 2186 2528
Stipend 3247 2900 90 2704 2904 2708 2631 2785 19968
Allocation; Endowment Income 3552 165 11906 15623
Misc. reimbursements 357 15 38 6 46 34 207 702
Loan Proceeds & Other Inflows -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Operating Loan Advances 0
Short Term Notes 0
Long Term Loan Advances 0
Other Loan Proceeds & Advances 0
Non Farm Inflows -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Wages, Salaries 0
Other Nonfarm Inflows 3601 3601
-----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Total Cash Inflows 3464 3256 3552 256 15433 12004 3242 2910 4918 62547 13993 2393 127968

Expense Items From Per Acre and Per Livestock Unit Schedules
Crop Expenses Collected Per Acre: -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Seed Sch. A 0 0 0 0 0 0 0 0 0 0 0 0 0
Fertilizer B 0 0 0 0 3601 0 0 0 0 160 0 0 3761
Crop Chemicals C 0 0 0 0 1263 0 0 0 0 0 0 0 1263
Crop Insurance D 0 0 0 0 0 0 0 0 0 0 0 0 0
Water Assessment E 0 0 0 0 0 0 0 0 0 0 0 0 0
Irrigation Energy F 0 0 0 0 0 0 0 0 0 0 0 0 0
Crop Custom Hire G 0 0 0 0 0 0 0 0 0 0 0 0 0
Direct Crop Labor H 0 0 0 0 0 0 0 0 0 0 0 0 0
Crop Package and Supplies I 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Livestock Expenses Collected on a Per Unit Basis: -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Breeding Livestock:
Purchased Feed Sch. J 0 0 0 0 0 48 0 0 0 0 0 0 48
Artificial Insem. K 0 0 0 0 0 0 0 0 0 0 0 0 0
Health L 0 0 0 0 0 0 0 0 0 0 0 0 0
Supplies M 0 0 0 48 805 516 0 0 0 0 0 0 1369
Marketing N 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Growing and Finishing Livestock -- Per Head & Per Cwt: -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Purchase Cost - Per Head O 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchase Cost - Per Cwt P 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchase Feed Q 0 0 296 0 310 0 0 43 0 1980 0 3525 6154
Health R 198 1016 99 0 1320 0 0 0 0 597 125 0 3354
Supplies S 0 0 0 0 0 0 0 0 0 0 0 0 0
Marketing T 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0
Other 0
Operating Expenses, Collected at the Whole Farm Level:
Fuel, Oil, Lub 28 639 0 883 544 714 185 1532 0 0 0 698 5223
Repairs -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Mach. & Equip. 20 1704 640 502 506 745 1537 366 903 44 221 7188
Bldngs & Impro. 1709 115 75 28 868 111 230 121 79 82 0 3418
**Hired Labor/Hourly, Salary, Fringe 4600 4600 6009 4388 7042 6100 23371 1911 803 1427 1053 810 62111
Farm Taxes -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Real Estate; Property Taxes 0
Personal Property Taxes 0
Misc Farm Exp. 7 66 102 77 137 1 6 229 466 75 14 1179
Farm Insurance 0
**Utilities 253 333 944 787 1115 260 631 210 857 186 250 1359 7186
Crop Mrktng & Storage 0
Program Expense 0 0 0 0 0 0
Other (Supplies) 0 54 54
Admin. Assessment 1024 1024 941 2990
Other, Travel, Entertain, ads 88 1811 362 -629 1633
Planned PIK Cert Pur. Sch. 6 0 0 0 0 0 0 0 0 0 0 0 0 0
Rent/Lease Exp. -----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Land Rent 650 650
Mach & Building 0
Grazing Fees 0
**Machine Hire 0
Planned Capital Asset Purchases - Schedule U for Details:
Planned Purchases Sch. U 0 0 0 0 1050 0 0 0 0 0 3600 1500 6150
Other -- Deweez Bale Feeder 3250 3250
Other 0
Principal and Interest Payments -- See Schedule V & W for Details:
Loan Payments (Yearly) V 0 0 0 0 0 0 0 0 0 0 0 0 0
Loan Payments (Monthly) W 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Term Loan Payments 3939 3939
Interest on Term Loans 261 261
Operating Loan Payment 0
Interest on Operating Loan 0
Accounts Payable 0
-----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Total Farm Cash Outflows 7819 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504
Non Farm Expense
Family living 0
Food/Cloths/etc. 0
Rent/Mortgage 0
Auto 0
Other 0
Income & SS 0
-----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----
Total Non-Farm Cash Outflows 0 0 0 0 0 0 0 0 0 0 0 0 0

-----J----- -----F----- -----M----- -----A----- -----M----- -----J----- ----JULY--- -----A----- -----S----- -----O----- -----N----- -----D-----

Total Cash Inflows 3,464 3,256 3,552 256 15,433 12,004 3,242 2,910 4,918 62,547 13,993 2,393 A

Total Cash Outlays 7,819 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 B

Surplus or Deficit (A-B) -4,355 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 C

Begining Cash Bal. (From Row H) 95,062 90,707 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 D
(Except for First Month)

Cash Available (C + D) 90,707 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 E

Borrow to Maintain (Min + E) 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 F
Balance B.O.M.

Payment on (Only If Row F = 0) 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 G
operating loan (Pay Interest First)

Balance E.O.M. (If Row F > 0, Min.) 90,707 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 H
Otherwise (Row E - G)

Accumulated Operating 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 I
Loan (See Below)

Operating Loan Interest (I * Int.) 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 J
This Month

Accumulated Interest (Prev. K + J) 0 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 Err:504 K
On operating Loan

Accumulated Operating Loan: Line I

If Line E is > Min. Balance Desired, You Can Make a Payment
Adjust Line E, by Taking out the Min. Balance Desired
Pay the Accumulated Interest First, Line K
After Paying the Accumulated interest, Pay All or Part of the Outstanding Operating Loan

** Do not include expenses in these items that have already been

included in the crop and livestock expenses which were entered
in the schedules on a per acre or per head basis. Example would
be "Hired Labor" and "Direct Crop Labor" in Schedule H.
Capital Gain or Loss (Not Ordinary Course of Business) Basis Sales Price Sales Price Minus Basis
G or L on Purchased Breeding Lvstk 0 0 0 0
G or L on Machinery & Equipment 0 0 0 0
G or L on Brdng Lvstck Not Capitalized or Depreciated 0 0 -------- 0

Net Farm Income or Loss #VALUE! (32,493)

Taxes
Cash Income Taxes Paid 0 0
Cash Self Employment Taxes Paid 0 0
------Accounts------ -------- --------
Begining (-) Ending (+) -------- --------
Accrued Income Taxes - Increase (Decrease) 0 0 ---------- 0
Accrued Soc. Security Taxes - Increase (Decrease) 0 0 ---------- 0
Current Deferred Taxes - Increase (Decrease) 0 0 ---------- 0
Total Taxes and Tax Adjustments 0 0

Income After Taxes - Before Extraordinary Items #VALUE! (32,493)

Extraordinary Items (Net of Taxes) 0 0

Net Income After Extraordinary Items #VALUE! (32,493)

 Statement of Cash Flows
Name SPA NCBA Case Ranch For 12 month Period Ending
Address Phone

Cash Flows From Operating Activities:

Cash received from farm operations:
Market Livestock & Poultry Sales 54,277
Crop and feed sales 0
Custom work income 0
Livestock & poultry products 0
Government payments, cash and certificates 0
Hedging account withdrawals 0
Patronage dividends (cash only) 0
Other revenues 39,362
Subtotal cash received from farm operations 93,639
Cash received from non-farm income and operations:
Wages 0
Royalities 0
Interest and dividends 0
Other revenue 0
Cash income from other entities, farms, businesses & real estate 0
Subtotal cash received from non-farm income & operations 0
Cash paid for farm operating activities:
Market livestock and poultry 0
Feed purchased 6,202
Operating expenses 101,377
Interest expense 261
Hedging account deposits 0
Subtotal cash paid for farm operating activities (107,840)
Cash expenses paid in non-farm operations (other entities, farms, businesses)
Income and social security taxes paid in cash
Extraordinary items received or paid in cash (Enter a negative number as a negative)
Net Cash Income: (add lines 1 through 6)
Cash withdrawals for family living
Cash withdrawals for investments into personal assets
Net Cash Provided by Operating Activities: (line 7 - line 8 & 9)

Cash Flows From Investing Activities:

Cash received form the sale of:
Raised breeding & dairy livestock, not capitalized and not depreciated
Purchased &raised breeding/dairy livestock, capitalized and depreciated
Machinery and equipment
Farm real estate; Other farm assets
Bonds and securties; investments in other entities; other non-farm assets
Cash paid to purchase:
Breeding and dairy livestock
 Machinery and equipment
Farm real estate and other farm assets
Capital leases
Bonds and securities; investments in other entities; other non-farm assets
Net Cash Provided by Investing Activities: (add lines 11 through 20)

Cash Flows From Financing Activities:

Operating and CCC loans received (include interest paid by loan renewal)
Term debt financing (loan proceeds)
Cash received from gifts, inheritances and paid-in capital
Personal investments of cash added into business assets
Operating debt principal payments (include repayment of CCC loans)
Term debt principal payments: Scheduled Payments
Unscheduled payments
Principal portion of payments on capital leases
Cash distribution of dividends, capital, or gifts
Net Cash Provided by Financing Activities: ( add lines 22 through 30)

Net Increase (Decrease) in Cash and Cash Equivalents (add lines 10, 21 & 31)

Cash and cash equivalents reported on the beginning of year Balance Sheet

Cash and cash equivalents, as calculated at the end of the year (line 32 + 33)
Cash and cash equivalents reported on the end of year Balance Sheet
Discrepancy in cash and cash equivalents as calculted and reported (line 34 minus 35)
 1 +

2 +

3
4 - 0
5 - 0
6 +/- 3,601
7 (10,600)
8 - 0
9 - 0
10 (10,600)

11 + 28,564
12 + 2,164
13 + 0
14 + 0
15 + 0

16 - 6,150
17 - 3,250
18 - 0
19 - 0
20 - 0
21 21,328

22 + 0
23 + 0
24 + 0
25 + 0
26 - 0
27 - Err:504
28 - 0
29 - 0
30 - 0
31 Err:504

32 Err:504

33 95,062

34 Err:504
35 101,851
36 Err:504