PROJECTED CASH FLOW SUMMARY Beg

Transcription

1 Organic_Dairy_Transition FINFLO: Established Operation File: Organic_Dairy_Transition User: Tim Beck, FINPACK Printed 11/05/2007 6:26:36 PM PROJECTED CASH FLOW SUMMARY Beg Total operating inflow Total operating outflow (-) Capital purchases (-) Capital sales (+) New credit (+) Loan payments (-) Net cash flow (=) Beginning cash balance (+) Operating loan borrowings (+) Operating loan prin pymts (-) Ending cash balance (=) Beg operating loan bal Peak operating loan bal End operating loan bal CHANGE IN WORKING CAPITAL Change in cash Inventory changes (+) Change in opr loan bal (-) Change in oth cur loans (-) Chng princ due term loans (-) Est change in working cap (=) INCOME STATEMENT Gross cash farm income Inv change-income items (+) Gross revenue (=) Cash farm opr expense Interest expense (+) Depreciation (+) Inv change-expense items (+) Total farm expense (=) Net farm income

2 Organic_Dairy_Transition Established Operation Page 2 11/05/2007 6:26:36 PM NET WORTH CHANGE Beg Net farm income Nonfarm income (+) Fam living/owner wthdrwls (-) Income & social security (-) Earned net worth change (=) TERM DEBT COVERAGE Projected net farm income Depreciation (+) Nonfarm income (+) Fam living/owner wthdrwls (-) Income and social securit (-) Interest pd on term debt (+) Bal avail for term debt (=) Term debt payments Term debt coverage FARM FINANCIAL STANDARDS MEASURES Liquidity Current ratio Working capital Solvency (market) Debt to asset ratio Equity to asset ratio Debt to equity ratio Profitability (market) Rate of return on assets Rate of return on equity Operating profit margin Net farm income Repayment Capacity Term debt coverage Cap replacement margin Efficiency Asset turnover (mkt) Operating expense ratio Depreciation ratio Interest expense ratio Net farm income ratio

3 Organic_Dairy_Transition Established Operation Page 3 11/05/2007 6:26:37 PM Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec CASH INFLOWS Beg cash bal Milk Cull stock Misc. lvstk Total inflow CASH OUTFLOWS C. Seed C. Fertilize C. Cust hire C. Land rent Pur. Hay Pur. Silage Purch. feed Breeding Veterinary L. Supplies DHIA L. Marketing Bedding L. Misc Fuel & oil Repairs Labor Land rent Bldg leases Farm insur Utilities Dues & fees Misc Fam. living Min end bal Tot. outflow Opr. surplus

4 Organic_Dairy_Transition Established Operation Page 4 11/05/2007 6:26:37 PM Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec LOAN PAYMENTS Tot loan pay Surp. or def OPERATING LOAN Beg AO bal AO int. pay AO prin. pay End AO bal Accrued int End cash bal

5 Organic_Dairy_Transition Established Operation Page 5 11/05/2007 6:26:37 PM CROP & LIVESTOCK PRODUCTION Hay, Grass Acres Yield ton Production ton Pasture, Feed Intensive Acres Yield ton Production ton Corn Silage Acres Yield ton Production ton Corn, Feed HM, HMSC Acres Yield ton Production ton Dairy, Established dairy Cow Prod/Unit lb Production lb Total crop acres Total pasture acres CROP & LIVESTOCK INVENTORY SUMMARY Beg Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Pasture equivalents Balance aum Grass Hay Produced ton Inventory ton Fd Int. Past Produced ton Fed ton Inventory ton Corn Silage Produced ton Purchased ton Price $/ton Fed ton Inventory ton

6 Organic_Dairy_Transition Established Operation Page 6 11/05/2007 6:26:37 PM CROP & LIVESTOCK INVENTORY SUMMARY (cont.) Beg Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec Rye Silage Produced ton Purchased ton Price $/ton Fed ton Inventory ton Fd Corn, HM Produced ton Inventory ton Mixed Hay Purchased ton Price $/ton Fed ton Inventory ton Milk Produced Price $/cwt Dairy Replac Transfer In head Transfer Out head Inventory head

7 Organic_Dairy_Transition Established Operation Page 7 11/05/2007 6:26:37 PM PROJECTED INVENTORY CHANGE COMMODITY Beg Ending Ending Ending Ending Ending Ending Ending Ending Ending Grass Hay Corn Silage Rye Silage Dairy Replac Total Crops & Lvstk INVENTORY CHANGE Crops and feed Market livestock Accts receivable Hedging accounts Other current assets Change in income items Prepaid exp. & supply Growing crops Accounts payable Accrued interest Change in expense items Total Inventory Change

8 Organic_Dairy_Transition Established Operation Page 8 11/05/2007 6:26:37 PM TOTAL PLANNED INPUT QUANTITIES Description Unit Wet Soils lb Seed Corn/Pl Rye Seed bu Vetch Rye Fert Corn Fert Manure Sprea No Till Dril Rye Chopping Mow/Ted/Rake Silage Chop Ag Bags Corn gr harv Cows Vet & Med Hoof Trimmin Hauling cwt Stop Dues ADA CWT Fuel Heifers

9 Organic_Dairy_Transition Established Operation Page 9 11/05/2007 6:26:37 PM BALANCE SHEETS ASSETS Projected 11/01/ /01/ /01/ /01/ /01/ /01/ /01/ /01/ /01/ /01/2017 Current Assets Cash & checking Crops Hay, Grass Pasture, Feed Intensive Corn Silage Rye Silage Corn, Feed HM Market livestock Dairy Replac Total current assets Intermediate Assets Total intermediate assets Long Term Assets Total long term assets Total farm assets Nonfarm assets Total assets LIABILITIES Current Liabilities Accrued interest Operating loan Current farm notes Operating loan Total current liabilities Intermediate Liabilities Total inter. liabilities Long Term Liabilities Total long term liab Total farm liabilities Nonfarm Liabilities Accts pay & acc. int Total nonfarm liab Total liabilities Net worth Net worth change Total debt to asset ratio - % 1 % - % 19 % - % - % - % - % - % - %

10 Organic_Dairy_Transition Established Operation Page 10 11/05/2007 6:26:37 PM BALANCE SHEETS (cont.) Note: The principal due within 12 months on term liabilites was not moved up to the current liabilities. The CCC crops have been valued net of loan for the above balance sheets.

11 Organic_Dairy_Transition Established Operation Page 11 11/05/2007 6:26:37 PM PROJECTED INCOME STATEMENT CASH FARM INCOME Milk Cull stock Misc. lvstk Gross Cash Farm Income CASH FARM EXPENSE C. Seed C. Fertilize C. Cust hire C. Land rent Pur. Hay Pur. Silage Purch. feed Breeding Veterinary L. Supplies DHIA L. Marketing Bedding L. Misc Fuel & oil Repairs Labor Land rent Bldg leases Farm insur Utilities Dues & fees Misc Interest Total Cash Farm Expense Net Cash Farm Income INVENTORY CHANGE Crops and feed Market livestock Total Inventory Change Net Operating Profit DEPRECIATION/CAP. ADJUST Total Depreciation Net Farm Income