BEE
CONOMICS
A Computer Mode for
Economic A alysis of
Beekeepi 9 Operations
Developed by:
Lois Schertz Willett
Cornell University
Nicholas W. Calderone
U.S. Department of Agriculture, Agricultural Research Service
Malcolm T. Sanford
University of Florida
•
Department of Agricultural, Resource, and Managerial Economics
College of Agriculture and Life Sciences
Cornell University
Ithaca, New York 14853-7801
BEE ECONOMICS
A Computer Model for
Economic Analysis
of Beekeeping Operations
Developed by:
Lois Schertz Willett, Department of Agricultural, Resoillce and Managerial Economics,
Cornell University, Ithaca, NY 14853-7801, 607-255-4489
Nicholas W. Calderone, U.S. Department of Agriculture, Agricultural Research Service,
Bee Research Laboratory, Beltsville, MD 20705
Malcolm T. Sanford, Entomology and Nematology Department, University of Florida,
Gainesville, FL 32601
Assistance received from S. B. Willett, 1. C. Bernard, and S. C. Czado
This project was funded, in part, by grant #LNE91-27 from the U.S. Department of
Agriculture, Sustainable Agriculture, Research and Education Program
(fonnerly LISA) to N. W. Calderone and L. S. Willett.
©1995 Lois Schertz Willett. All Rights Reserved.
Section
Welcome to Bee Economics
Introduction
Page
1
1
Description of Modules
2
Getting Started
3
Hints for the Bee Planner Module
5
Sample Model Output
Description of Modules
Instructions
Bee Planner Module
Record Keeping Module
Investment
Expense
Revenue
Cashflow
Enterprise Analysis Module
6
7
9
12
15
16
21
31
33
36
WELCOME TO BEE ECONOM CS
INTRODUCTION
Welcome to Bee Economics. We hope you fmd this economic package helpful in
the analysis of your beekeeping operation.
All the instructions necessary to use Bee Economics are included in this document.
It is important to have a basic understanding of Microsoft@ Excel before using Bee
Economics.
Bee Economics consists of several modules that are linked together so that
information entered in one module flows to appropriate sections of other modules. The
modules are identified in the section called Description of Modules. Information about
entering data and using Bee Economics is included in Getting Started. Helpful hints for the
Bee Planner Module, an effective forecasting tool, are included in the section called Hints
for the Bee Planner Module. Finally, the records and economic analysis of a sample
beeke ping operation are included in the section, Sample Model Output.
The minimum requirements to use Bee Economics on an ruM compatible machine
are a 386 machine, 4 megs of RAM, Windows 3.1, and Microsofttl,) Excel 4.0. The
minimum requirements'to use Bee Economics on a Macintosh machine are 4 megs of RAM
and Microsoft@ Excel 4.0.
If you hav any recommendations for improvements to, or questions about Bee
Economics, please write or call Dr. Lois Schertz Willett at Department of Agricultural,
Resource, and Managerial Economics, Cornell University, Ithaca, NY 14853-7801, 607­
255-4489. She may also be contacted via Email at Isw2@cornell.edu.
1
DESCRIPTION OF MODULES
BEE PLANNER
Bee Planner allows you to forecast your beekeeping operation four years in the
future or under four different scenarios. The fIrst year (or scenario) is derived from
information available in the Record Keeping module. Other scenarios are based on
inflation rates and adjustment factors for product production, prices, and expenses.
Current product adjustment factors are derived from economic analysis of nearly 50
beekeeping operations in the Northeast region. This economic analysis incorporates joint
product production and externalities in the beekeeping industry.
The Bee Planner module consists of a single me BEEPLAN.XLS. Information for
the Bee Planner module is derived from the Record Keeping module.
RECORD KEEPING
Record Keeping allows you to identify all revenue and expenses in your complete
beekeeping operation. This module will generate fmancial statements, operating statemenLS
and assist you in determining your cash flow and net worth. This module was based on
the work by Dr. M. T. Sanford, "A Study in Profitability for a Mid-Sized Beekeeping
Operation" Circular 722, Institute of Food and Agricultural Sciences, Vni ersity of
Florida, August 1986.
The Record Keeping module consists of four (4) files: INVESTMTXLS,
EXPENSE.XLS, REVENUE.XLS, and CASHFLOW.XLS. Each file is linked to other
files so that information can be updated quickly and efficiently.
The VESTMT.XLS file contains information on investment in bees, buildings,
land, fences, hives, machinery and equipment. Summary tables for depreciation, interest,
and principal and interest payments are also included. In addition, the allocation of
colonies between the enterprises is done in this file.
The EXPENSE.XLS fIle contains information on monthly and annual expenses
incurred by each enterprise in the operation and the total operation. A summary of the
allocation of the expenses is included in this file.
The REVENUE.XLS fIle includes revenues from product sales of the operation.
The CASHFLOW XLS me presents the cash flow analysis and summary statistics
for the entire beekeeping operation. Gross returns, operating profit, net profit and
economic profit are calculated.
ENTERPRISE ANALYSIS
Enterprise Analysis allows you to analyze each enterprise in your beekeeping
operation. Information for the enterprise analysis is derived from the Record Keeping
module. Information on revenue, expenses, cash flow, gross returns, operating profit, net
profit, and economic profit are presented for each enterprise and per hive and per pound of
honey produced.
The Enterprise Analysis consists of a single me, ENTERPR.XLS. Information for
the Enterprise Analysis is derived from the Record Keeping module.
2
GETTING STARTED
BACKING UP
Before using the program, please make a backup of Bee Economics or copy it to
your hard disk. If you are not familiar with how to make a backup, refer to your
computer's User Manual. Always use the backup copy or the copy on your hard disk
when you are ready to work. Do not use the original computer disk.
INSTALLATION
Installation of Bee Economics can be done in a few easy steps. The steps are
identified on the Installation Instructions that came with your Bee Economics disk.
ASSUMED KNOWLEDGE
Since Bee Economics is a program that requires Microsoft@ Excel to operate, it is
very important to have a basic understanding ofMicrosof~ Excel. Your knowledge of this
spreadsheet will allow you to gain full use of the Bee Economics program to analyze your
beekeeping operation.
PROTECTION
Each ftle has been protected (without a password). To change a file or adjust a
formula, select Options, Unprotect Document. Click OK. Remember to Protect the
document when you are dohe making changes.
ENTER G INFORMATION
To enter information into any of the files, use the enter key or tab key. These keys
will take you from one unlocked cell to the next for easy data entry. Each unlocked cell can
be identified by the line underneath it.
LINKING OF EACH MODULE
All of the modules are linked to each other. The information you enter in the
Record Keeping module will flow to the Enterprise Analysis Module and the Bee PLanner
module. This linking provides you with information that can be viewed in a variety of
ways. For example, you may wish to analyze your cash flow for the entire operation by
looking at CASHFLOW.XLS. On the other hand, you may want to view the profitability
of each enterprise in your operation by looking at ENTERPR.XLS.
CALCULATION
Due to the fIle izes in Bee Economics, calculation has been turned off. To update
calculation after data entry, press control =. For immediate update of information between
files and modules as you enter data, remember to turn calculation on under the Options
menu. If you turn calculation on, this will seriously impact the speed of data entry.
3
•
GETTING STARTED (continued)
UPDATING REFERENCES
If you get a message "Update references to unopened documents?", you should
respond NO.
4
HINTS FOR THE BEE PLANNER MODULE
DIRECT COMPARISONS
The Bee Planner module has been designed to provide separate and distinct
columns side by side for direct comparison of the alternatives that you establish. For
example, different colony levels may be established for each column or the same colony
level may be used for each y ar.
INFLATION FACTOR
There is an inflation factor for the second year through the fourth year. A factor
other than 0.0% affects each monetary value in the planner. The inflation factor will not
affect the level of colonies or products. Make sure you type a decimal point (period, before
entering the Inflation Factor (i.e., 10 % should be entered as .1).
ADJUSTMENT FACTOR
The Adjustment Factor (Adj Factor column) can be different for each item. The
factor affects the second year through the fourth year of each item. A factor other than
0.0% affects each year by the percentage amount. For example: If you expect your sugar
expenses to increase 10% each year, type. 1 for 10% on the sugar line's Adj Factor
column. The following year's sugar expense will be automatically adjusted by 10%.
UNIOUE PRODUCT ADJUSTMENT FACTORS
Some of the products have separate adjustment factors for each year in the planner.
These adjustment factors have been detennined based on the responsiveness of beekeepers
to product price changes. The factors were estimated from a national survey of beekeepers
by Cornell University.
NO ADJUSTMENTS
If there is one year you don't want to increase by the Adj Factor, go to that year's
column and type in the amount you want (doing this will erase the equation for the Adj
Factor increase for that year).
CUMULATIVE IMPACT OF fNFLATION AND ADJUSTMENT FACTORS
Using the Inflation Factor and the Adjustment Factor together has a cumulative
effect. For example: 10% in Inflation Factor and 5% in Adjustment Factor results in an
increase of 15%.
DEPRECIATION AND INJEREST
The Depreciation and Interest for the second, third and fourth year are deri ved from
the investment worksheet, INVESTMTXLS. Hence, these values will not be altered by
the adjustrnent and the inflation factors in the Bee Planner module. If you are analyzing
different scenarios, rather than different years, and you don't want the depreciation and
interest to reflect the information in the INVESIMTXLS worksheet, you should unprotect
the Bee Planner and manually insert the depreciation and interest for each scenario.
5
•
SAMPLE MODEL OUTPUT
SAMPLE OPERATION
When Bee Economics is shipped, information for a sample operation is included.
The following pages are the complete model output for this sample operation. You may
fmd it useful to skim the model output prior to entering your information. Keep in mind
that the majority of the infonnation in the output is detennined by Bee Economics. You do
not have to enter all of this infonnation for your operation. Each cell that requires
information from you is underlined when you install and properly open the files in Bee
Economics.
•
6
Descr·ption of
7
0
e
DESCRIPTION OF MODULES
BEE PLANNER
Bee Planner allows you to forecast your beekeeping operation four years in the future or
under four different scenarios. The first year (or scenario) is derived from information
available in the Record Keeping module. Other scenarios are based on inflation rates and
adjustment factors for product production, prices, and expenses. Current product adjustment
factors are derived from economic analysis of nearly 50 beekeeping operations in the
Northeast region. This economic analysis incorporates joint product production and
extemalities in the beekeeping Industry.
The Bee Planner module consists of a single file BEEPLANXLS. Information
for the Bee Planner module is derived from the Record Keeping module.
RECORD KEEPING
Record Keeping allows you to identify all revenue and expenses in your complete
beekeeping operation. This module will generate financial statements, operating statements
and assist you in determining your cash flow and net worth. This module was based on the
work by Dr. M.T. Sanford, 'A Study in Profitability for a Mid-Sized Beekeeping Operation"
Circular 722, Institute of Food and Agricultural Sciences, University of Florida, August 1986.
The Record Keeping module consists of four (4) files: INVESTMT.XLS, EXPENSE.XLS,
REVENUE.XLS, and CASHFLOW.XLS. Each file is linked to other files so that information
can be updated quickly and efficiently.
The INVESTMT.XLS file contains information on investment in bees, buildings,
land, fences, hives, machinery and equipment. Summary tables for depreciation, interest
and principal and interest payments are also included. In addition, the allocation of
colonies between the enterprises is done in this file.
The EXPENSE.XLS file contains information on monthly and annual expenses incurred
by each enterprise in the operation and the total operation. A summary of the allocation
of the expenses is included in this file.
The REVENUE.XLS file includes information on the revenues obtained from product sales of
the operation.
The CASHFLOW.XLS file presents the cash flow analysis and summary statistics for the entire
beekeeping operation. Gross returns, operating profit, net profit and economic profit are
calculated.
ENTERPRISE ANALYSIS
Enterprise Analysis allows you to analyze each enterprise in your beekeeping operation.
Information for the enterprise analysis is derived from the Record Keeping module.
Information on revenue, expenses, cash flow, gross returns, operating profit,
net profit, and economic profit are presented for each enterprise and per hive and per
pound of honey produced.
The Enterprise Analysis consists of a single file, ENTERPR.XLS. Information for the
Enterprise Analysis is derived from the Record Keeping module.
8
___stru tions
9
BEE ECONOMICS INSTRUCTIONS
Developed by
Lois SChertz Willett, Dept. of Agricultural, Resource, and Managerial Economics
Cornell University, Ithaca, NY 14853 607·255-4489,
Nicholas W. Calderone, USDA/ARS, Bee Research Laboratory, Beltsville, MD 20705
Malcolm T. Sanford, Entomology and Nematology Dept., Unlv. of Florida, Gainesville, FL 32601
Assistance was received Irom S. B. Willett, J. C. Bernard. and S. C. Czado
This project was funded, in part, by grant #LNE91-27 from the U.S. Department 01 Agriculture,
Sustainable Agriculture. Research and Education Program to N. W. Calderone and L. S. Willett
© 1995 Lois SChertz Willett. All Rights Reserved.
A.
INTRODUCTION
Welcome to Bee Economics. We hope you will find this economic package helpful in the
analysis of your beekeeping operation.
2 All the instructions necessary to use Bee Economics are included in this document. It Is
important to have a basic understanding of Microsoft Excel before using Bee Economics.
3 Bee Economic consists of several modules that are linked together so that information entered
in one module flows to appropriate sections of other modules. The modules are identified in the
section called Description of Modules. Information about entering data and using Bee Economics
is included in Getting Started. Helpful hints for the Bee Planner Module, an effective forecasting
tool, are included in the section called Hints for the Bee Planner Module.
4 The minimum reqUirements to use Bee Economics on an IBM compatible machine are a
386 machine, 4 megs of RAM, Windows 3.1, and Microsoft Excel 4.0. The minimum
requirements to use Bee Economics on a Macintosh machine are 4 megs of RAM and
Microsoft Excel 4.0.
5 If you have any recommendations for improvements to, or questions about Bee
Economics, please write or call Dr. Lois Schertz Willett at Department of Agricultural,
Resource, and Managerial Economics, Comell University, Ithaca, NY 14853-7801,
607-255-4489. She may also be contacted via Email atlsw2@comell.edu.
B.
GETIING STARTED
1 BACKING UP
Before using the program, please make a backup of Bee Economics or copy it to your hard
disk. If you are not familiar with how to make a backup, refer to your computer's User
Manual. Always use the backup copy or the copy on your hard disk when you are ready to
work. Do not use the original computer disk.
2 INSTALLATION
Installation of Bee Economics can be done in a few easy steps. The steps are identified on
the Installation Instructions that came with your Bee Economics disk.
3 ASSUMED KNOWLEDGE
Since Bee Economics is a program that requires Microsoft Excel to operate, It is very
irnportantto have a basic understanding of Microsoft Excel. Your knowledge of this
spreadsheet will allow you to gain lull use of the Bee Economics program to analyze your
beekeeping operation.
4 PROTECTION
Each file has been protected (without a password). To change a file or'adjust a formula,
select Options, Unprotect Document. Click OK. Remember to Protect the document when
you are done making changes.
5 ENTERING INFORMATION
To enter information into any of the files, use the enter key or tab key. These keys will
take you from one unlocked cell to the mlxl for easy data entry. Each unlocked cell can be
identified by the line underneath it.
10
-
6 LINKING OF EACH MODULE
All of the modules are linked to each other. The information you enter in the Record
Keeping module will flow to the Enterprise Analysis Module and the Bee Planner module.
This linking provides you with information that can be viewed In a variety of ways. For
example, you may wish to analyze your cash flow for the entire operation by looking at
CASHFLOW.XLS. On the other hand, you may want to view the profitability of each
enterprise in your operation by looking at ENTERPR.XLS.
7 CALCULATION
Due to the file sizes In Bee Economics, calculation has been tumed olf. To update
calculation after data entry, press control =. For immediate update of information between
files and modules as you enter data, remember to tum calculation on under the Options
menu. If you tum calculation on, this will seriously impact the speed of data entry.
8 UPDATING REFERENCES
If you get a message 'Update references to unopened documents?', you should respond
NO.
C.
HINTS FOR THE BEE PLANNER MODULE
1 DIRECT COMPARISONS
The Bee Planner module has been designed to provide separate and distinct columns side
by side for direct comparison of the alternatives that you establish. For example, different
colony levels may be established for each column or the same colony level may be used for
each year.
2 INFLATION FACTOR
There is an inflation factor for the second year through the fourth year. A factor other than
0.0% affects each monetary value in the planner. The inflation factor will not affect the
level of colonies or products. Make sure you type a decimal point (period, before entering
the Inflation Factor (i.e., 10 % should be entered as .1).
3 ADJUSTMENT FACTOR
The Adjustment Factor (Adj Factor column) can be different for each item. The factor
affects the second year through the fourth year of each item. A factor other than 0.0%
affects each year by the percentage amount. For example: If you expect your sugar
expenses to increase 10% each year, type.1 for 10% on the sugar line's Adj Factor
column. The following year's sugar expense will be automatically adjusted by 10%.
4 UNIQUE PRODUCT ADJUSTMENT FACTORS
Some of the products have separate adjustment factors for each year in the planner. These
adjustment factors have been determined based on the responsiveness of beekeepers to
product price changes. The factors were estimated from a national survey of beekeepers by
Comell University.
5 NO ADJUSTMENTS
If there is one year you don't want to increase by the Adj Factor, go to that year's column
and type in the amount you want (doing this will erase the equation for the Adj Factor
increase for that year).
6 CUMULATIVE IMPACT OF INFLATION AND ADjUSTMENT FACTORS
Using the Inflation Factor and the Adjustment Factor together has a cumulative effect. For
example: 10% in Inflation Factor and 5% in Adjustment Factor results in an increase of 15%.
7 DEPRECIATION AND INTEREST
The Depreciation and Interest for the second, third and fourth year are derived from the
investment worksheet, INVESTMT.XLS. Hence, these values will not be altered by the
adjustment and the inflation factors in the Bee Planner module. If you are analyzing
different scenarios, rather than different years, and you don't want the depreciation and
interest to reflect the information in the INVESTMT.XLS worksheet, you should unprotect
the Bee Planner and manually insert the depreciation and interest for each scenario.
11
-
Bee lanner Mo ul
12
BEE PLANNER
Totel
1ellS
Innallon Factor
ones
Total Number of Colonies
r ces
Honey Price Wpound)
Pollination Price ($/service)
Pollen Price ($/pound)
Queen Price ($/quoon)
Other 1 Price ($/unit)
Other 2 Price $/unit .
r uc
Honey (pounds)
Pollination (services)
Pollen (pounds)
Queens (# 01 queen)
Other 1 (un~)
Other 2 (unit)
Hevenue
Honey
Pollination
Pollen
Queen
Other 1
Other 2
Totel Revenue
Verleble Expe nses
Sugar
Medicine
Hired labor (production)
Truck costs (produdion)
Containers/labels
Queens
Repairs
Hired labor (packing)
Truck costs (packing)
Rent
Office Supplies
Tools
Accounting Service
Insurance
Real estale taxes
Advertising
Associatian and conventions
Lodging (production)
Heating, fuel
Other Expense
Other Expense
Other Expense
Other Expense
Total Verlebl' Expenses
Fixed Ex nles
1.3%
5.00/0
0.0%
0.00/0
0.00/0
0.00/0
1.3%
5.0%
0.0%
0.00/0
0.00/0
0.0%
1.3%
5.00/0
0.00/0
0.00/0
0.00/0
0.0%
///1///1111///1
111///111///111
///JIIIIIIIIIIII
IIIUIIIIIIIIII
lililillIIIIIII
IiiIlillIIIIIII
• 111///111111111
Adi Fador
.0.00/0
0.0%
.0.0%
0.0%
.0,0%
.0.0%
.0.0%
.0.0%
D.O%
.0.0%
.0,0%
.0.0%
0.0%
0.0%
.0.0%
.0.0%
.0.0%
.0.0%
.0.0%
.0.0%
.0,0%
.0.0%
.0.0%
• 111/11111111111
Adi Fador
0.75
21.27
0.00
0.00
0.00
0.00
0.77
21.80
0.00
0.00
0.00
0.00
0.79
22.34
0.00
0.00
0.00
0.00
56350.0
395.0
0.0
0.0
0.0
0.0
57064.2
414.6
0.0
0.0
0.0
0.0
57787.5
435.3
0.0
0.0
0.0
0.0
58519.9
456.9
0.0
0.0
0.0
0.0
43.873.49
9.038,20
0.00
0.00
0.00
0.00
52.911.69
45.762.45
9,724.89
0,00
0.00
0.00
0.00
55,487.34
47,732.74
10,463.75
0.00
0.00
0.00
0.00
58.196.49
179,431.18
37,626,84
0,00
0,00
0.00
0.00
217,058.03
3,072.50
915.00
2,797.75
3,546.00
8,794,00
1,680.00
13.47
11.00
736.00
516.00
276.00
300.00
216,00
1,500.00
900.00
1,570.00
48000
1,590,00
516.00
0.00
0,00
0,00
0.00
29,629.72
3.133.95
933,30
2.853,71
3,616.92
8.969,68
1,917.60
13.74
11.22
750.72
526.32
281.52
306.00
220.32
1.530.00
918,00
1.601.40
489,60
1,621.80
526.32
0.00
0.00
0.00
0.00
30,222.32
3,196,63
951,97
2.910,78
3,689.26
9,149.28
1,955.95
14.02
11.44
765.73
536.85
287.15
312.12
224.73
1,560.60
936,36
1,633,43
499,39
1.654.24
536,85
0.00
0.00
0.00
0.00
30,826,76
3,260.56
971.01
2.968.99
3,763.04
9,33226
1.995.07
14.30
11.67
781.05
547.58
292.89
318.36
229.22
1,591.81
955.09
1,666.10
509.38
1,687.32
547,58
0,00
0.00
0.00
0.00
31,443.30
12,663,64
3,771,27
11,531.23
14,615,22
36,245.42
7,748.62
55.53
45.34
3,033.50
2,126.75
1,137.56
1,236.48
89027
6.182.41
3.709.45
6,47092
1,978,37
6,553.36
2,126.75
0.00
0.00
0,00
0.00
122,12210
8,190.30
744.93
8,935.23
59,402.77
24,660.58
48.35
0.43
5,019.79
8,354.11
759.82
9,113.93
60.198.01
26.753.20
52.46
0.46
7.112.41
13.95
0.12
'.2. 1,:';<'
(3,92)
(D.O:!"
32,446.37
2,951.07
35,397.44
36,082.68
94,935.93
186.15
1.65
16,372.78
32.10
0.28
r 1~j.024Gl'
0.09
.3,91 ';.43;
13
0.00
0.00
0.00
0.00
42.062.50
8,400.00
0.00
0.00
0.00
0.00
50,462.50
9.84
Illilllilllllll
• • • • • • • • • • 111111/111/1111
0.82
22.90
(768)
{(LOll
.
(3730)
10.33\
-
Calculation of Product Adjuslment Fadors
Basad on Elasticities and Product Price Changes
Elasticities
oney
POllination
Wax
0.12
0.00
1.84
0.00
(0.49)
0.00
2.5%
2.5%
2.5%
5.0%
5.0%
5.00/0
Price Changes
oney
Pollination
Wax
Adjustment Factor
oney
Pollination
Wax
•
14
Recor Keeping Mo
15
Investment
-
16
This INVESTMT.XLS file contains information on investment in bees, buildings, land, fence, hives,
machinery and equipment. Summary tables for depreciation, interest and cash flow analysis are also included.
ANNUAL SUMMARY OF DEPRECIATION AND INTEREST
Building
Hives
Bees
Mach & equip
Fences
Land
Total
Replacement
Value
Inv. Cost
oer Hive
Percent of
Investment
Trade in
Value
43,350
67,900
9,000
23,255
217
1,875
145597
85.00
133.14
17.65
45.60
0.43
3.68
28549
30%
47%
6%
16%
0%
1%
100%
0
0
3,740
0
1,875
5615
0
Years
18
10
MISC
10
Annual
Deoreciation
Annual
Interest
2,408
6,790
0
2,954
22
0
2,168
3,395
450
1,350
11
94
1<'.1/4
lAb,
ANNUAL SUMMARY OF ANANCIAllNVESTMENT AND CASH FLOW ANALYSIS
Total invest
DownPayment
Amt to Finance
Interest Rate
Months to Finance
Monthly Payment
145.597
19,835
125,763
5%
60
2,373
Payment
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Total
Principal
1,849
1,857
1,865
1,872
1,880
1,888
1,896
1,904
1,912
1,920
1,928
1,936
Interest
tJ24
516
509
501
493
485
477
469
461
453
445
437
22,707
5,772
Balance
123,913
122,056
120,192
118,319
116,439
114,551
112,655
110,751
108,839
106,919
104,991
103,055
-
17
BEE INVESTMENT
Number of packages(new colonies)
Price per package
500
18.00
Tolal package costs
Other costs
Other costs
9,000
0
0
Talai investment in bees
9,000
Trade in value
Annual depreciation
Annual interest
0
0
450
BUILDING INVESTMENT
Number of square feet
Amount per square foot
2,500
17.00
Total building value
Electrical System
Air & Heating System
Plumbing
Truck doors
Other costs
Other costs
42,500
300
100
200
250
0
0
Total building investment
43,350
Trade in value
Years to depreciate
Annual depreciation
0
18
2,408
Annual interest
2,168
LAND INVESTMENT
Land investment
Other costs
Other costs
1,875
0
0
Totalland investment
1,875
Trade in value
Annual depreciation
Annual interest
1,875
0
94
FENCE INVESTMENT
Item
Roll wire
Posts
Insulators
Fencer
Labor
Other
Other
Total
Total fence investment
Trade in value
Years to depreciate
Annual depreciation
Annual interest
# Units
CosVUnit
Total Cost
Percent of
Cost
1.0
14.0
56.0
'.0
5.0
0.0
0.0
15.00
7.65
0.26
50.00
6.00
0.00
0.00
15
110
15
50
28
0
0
217
7%
51%
7%
23%
13%
0%
0%
100%
217
-
0
10
22
l'
18
HIVE INVESTMENT
Item
Hive Parts
Hive bottom board
Standard super
Standard frames
Standard sheets foundation
Shallow super
Shallow frames
Shallow sheets foundation
Rabbits
Inner cover
Ouler cover
Entrance reducer
Queen excluder
Skunk guard
Hive stand
Colony pallet
Paint
Wood preservative
Labor
Other
Other
Other
Total Hive Parts
# Units
CosVunit
Total Cost
500.0
2500.0
25000.0
25000.0
0.0
0.0
0.0
5000.0
500.0
500.0
500.0
500.0
500.0
500.0
500.0
0.0
0.0
2500.0
0.0
0.0
0.0
4.80
5.80
0.42
0.70
5.00
0.40
0.70
0.25
3.00
3.00
0.25
2.00
2.00
1.00
2,400
14,500
10,500
17,500
0
0
0
1,250
1,500
1,500
125
1,000
1,000
500
5,000
0
0
9,625
0
0
0
66,400
Purchased Colonies
Mating Hives
Total hive investment
Trade in value
Years to depreciate
Annual depreciation
Annual interest
lI"rll n ...v All
1Qoo
5.00
5.00
3.85
0.00
0.00
0.00
10
150
1,500
0
150
0
Percent of
Cost
4%
22%
16%
26%
0"10
0%
0%
2%
2%
2%
0%
2%
2%
1%
8%
0%
0%
14%
0%
0%
0%
100%
67,900
0
10
6,790
3,395
IIUN
Total colonies
510
Colony allocation
Colonies dedicated to honey production
Colonies dedicated to pollination services
Colonies dedicated to honey & pollination services
Colonies dedicated to pollen
Colonies dedicated to queen production
Colonies dedicated to other
Colonies dedicated to other
Total Colony Allocation
Number
Percent
400
50
78%
10%
12%
0%
0%
0%
0%
100%
60
0
0
0
0
510
19
MACHINERY AND EQUIPMENT INVESTMENT
Replacemenl
Value
LIl:>HI
I HUCK
Truck
Other
Other
Total
Total cost for estimation of repair costs
5,000
0
0
5,000
Totals for Annual Summary:
900
0
0
900
Year
Class
Depree.
Value
4
4
4
4
4,100
0
0
4,100
Annual
Deoreciation
Annual
Interest
1,025
295
0
0
295
5,000
HEAVY GENERAL PURPOSE TRUCK & TRAILER
Heavy Truck
5,000
Trailer
2,000
Other
0
Other
0
Total
7,000
Total cost for estimation of repair costs
OTHER MACHINERY & EQUIPMENT
Extractor
Uncapper
Whirl dry or cappings drier
Brand melter
Sump pump tank
Honey tanks size 1
Honey tanks size 2
Boiler
Syrup feeder
Moving screens
Batteries
Bee blower
Storage containers
Honey gates
Honey pump 1
Honey pump 2
Tubing
Honey filter
Honey bottler
Pollen traps
Forklift
Section honey equipment
Other
Other
Other
Total
Total cost for estimation of repair costs
Salvage
Value
1,700
100
1,200
800
500
620
0
50
500
600
200
450
1,835
100
1,500
0
100
500
500
0
0
0
0
0
0
11,255
840
350
0
0
1,190
6
6
6
6
6
4,160
1,650
0
0
5,810
292
118
0
0
968
410
7,000
510
0
360
50
50
180
0
0
0
0
0
0
0
0
400
0
0
50
50
0
0
0
0
0
0
1,650
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
1,190
100
840
750
450
440
0
50
500
600
200
450
1,835
100
1,100
0
100
450
450
0
0
0
0
0
0
9,605
111
5
78
43
28
40
0
3
25
30
10
23
92
5
95
0
5
961
28
28
0
0
0
0
0
0
645
11,255
23,255
3,740
19,515
2,954
1,350
20
Expense
21
}
tv
(,;.)
an
rator a or
c u In
x nses
ugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mite control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containers/labels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting service
Insurance
Real estate taxes
Advenising
Assoc & conventions
Lodging (prod)
Healing, fuel
Other costs
Other costs
Other costs
Olher costs
Total
e
ar
r
a
June
Jul
Oct
Nov
Dec
Annual
%0 t
Cost
140
0
140
10
0
10
0
0
0
0
0
0
0
0
0
0
0
0
155
0
155
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305
0
305
4%
0%
4%
0.60
0.00
0.60
0.01
0.00
0.01
4
0
0
0
4
20
48
0
0
0
0
0
5
5
4
0
0
0
0
20
0
5
0
0
0
0
0
0
0
0
0
3
6
0
40
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
40
256
0
0
0
0
0
5
5
4
0
0
0
0
0
240
5
0
0
0
0
0
0
0
0
0
40
192
0
0
0
0
0
5
5
4
0
0
0
0
0
80
5
0
0
0
0
0
0
0
0
0
20
256
0
0
0
0
0
5
5
4
0
0
0
0
0
160
5
0
0
0
0
0
0
0
0
0
20
160
0
0
0
0
0
5
5
4
0
0
100
0
20
160
5
0
0
0
0
0
0
0
0
0
1
64
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
9
100
0
0
0
100
20
96
0
150
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
2
48
0
0
0
0
0
5
5
4
0
0
0
0
0
0
0
0
40
0
0
0
0
0
0
5
5
4
0
0
0
0
0
0
0
0
40
192
0
0
0
0
0
5
5
4
10
500
0
0
0
0
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
5
4
10
0
100
0
0
0
5
0
0
0
0
104
0
0
0
104
246
1,318
0
190
1
0
0
60
60
48
20
500
200
0
40
640
60
0
0
0
0
1%
0%
0%
0%
1%
3%
19%
0%
30/0
0%
0%
0%
1%
1%
1%
0%
7%
3%
0%
1%
9%
1%
0%
0%
0%
0%
54%
0.20
0.00
0.00
0.00
020
048
2.58
0.00
0.37
000
0.00
0.00
0.12
0.12
0.09
0.04
0.98
0.39
0.00
0.08
1.25
0.12
0.00
0.00
0.00
0.00
7.44
0.00
0.00
0.00
0.00
0.00
0.00
0.02
0.00
0.00
0.00
0.00
0.00
0.00
000
0.00
0.00
0.01
000
0.00
000
0.01
0.00
000
0.00
0.00
000
0.07
19%
0%
19%
2.58
0.00
2.58
0.02
0.00
0.02
1,194
732
17%
10%
27%
2.34
1.44
3.78
0.02
0.01
003
7,033
100%
13.79
0.12
De reciation and Interest on Investment
epreclatlon
Interest
Total
Total Ex
316
nses
I
128
655
431
605
679
439
585
169
109
811
179
IV
~
ar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Annual
[ b
xpenses t:xcludln 0
ugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mite contml
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containers/labels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
Assac & conventions
Lodging (prod)
Heating, fuel
IOther costs
Other costs
Other costs
Other costs
Total
140
0
140
10
0
10
0
0
0
0
0
0
0
0
0
0
0
0
155
0
155
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305
0
305
5%
0%
5%
0.60
0.00
0.60
0.01
0.00
0.01
4
0
0
0
4
20
48
0
0
0
0
0
5
5
4
0
0
0
0
20
0
5
0
0
0
0
0
0
0
0
0
3
6
0
40
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
40
256
0
0
0
0
0
5
5
4
0
0
0
0
0
100
5
0
0
0
0
0
0
0
0
0
40
192
0
0
0
0
0
5
5
4
0
0
0
0
0
80
5
0
0
0
0
0
0
0
0
0
20
100
0
0
0
0
0
5
5
4
0
0
0
0
0
50
5
0
0
0
0
0
0
0
0
0
20
50
0
0
0
0
0
5
5
4
0
0
100
0
20
80
5
0
0
0
0
0
0
0
0
0
1
64
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
100
0
0
0
100
20
96
0
150
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
2
48
0
0
0
0
0
5
5
4
0
0
0
0
0
0
0
0
40
0
0
0
0
0
0
5
5
4
0
0
0
0
0
5
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
40
50
0
0
0
0
0
5
5
4
10
500
0
0
0
0
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
5
4
10
0
100
0
0
0
5
0
0
0
0
104
0
0
0
104
246
910
0
190
2
0
0
60
60
48
20
500
200
0
40
310
60
0
0
0
0
78
415
331
289
239
69
59
2%
0%
0%
0%
2%
4%
14%
0%
3%
0%
0%
0%
1%
1%
1%
0%
7%
3%
0%
1%
5%
1%
0%
0%
0%
0%
46%
0.20
0.00
0.00
0.00
0.20
0.48
1.78
0.00
0.37
0.00
0.00
0.00
0.12
0.12
0.09
0.04
0.98
0.39
0.00
0.08
0.61
0.12
0.00
0.00
0.00
0.00
5.99
0.00
0.00
0.00
0.00
0.00
0.00
0.02
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.00
0.05
20%
0%
20%
2.58
0.00
2.58
0.02
0.00
0.02
1,432
878
2,311
21%
13%
35%
2.81
1.72
453
0.03
0.02
0.04
6,680
100%
13.10
0.12
251
189
385
619
129
3,055
Operator Labor
Depreciation and Interest on Investment
Depreciation
Interest
Total
316
Total Exoonses
I
128
515
431
339
489
439
585
169
109
669
179
------------------y
~eD
Mar
Apr
May
une
JUlY
Auo
SeDt
Oct
Nov
Dec
Amual
%ofTO
Cost
t'er
Hive
t'er ID 01
Honey
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0%
u
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
u
u
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
u
0
0
0
0
0
u
0
0
0
0
0
u
0
0
0
0
0
u
0
0
0
u
u
u
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0%
0.00
0.00
Jan
It:XDllnses t:xc u ling uperalor LaDOr
l:sugar
~
N
VI
Granulated
HFCS
Total
Medicine
Antibiotics
Mite control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containers/labels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, fuel
Other costs
Other costs
Other costs
Other costs
Total
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Operator Labor
I Production
Packing
Total
u
Depreciation and Interest on Inll9Stment
uepreclatlon
Interest
Total
Total Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0%
------------------.T
'lbOlIU
I'er
Per III 01
Feb
Mar
Apr
Mav
une
Julv
Aua
Seat
OCt
Nov
Dec
Annual
Cost
Hive
Honey
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
u
u
u
u
u
u
u
u
u
u
u
u
u
U'lb
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
U.OO
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
O'lb
0.00
0.00
0.00
0.00
0.00
0.00
0
0
u
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0%
0.00
0.00
Jan
-J
N
0'\
ElCIlBnses Exe I
Sugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mite control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containersllabels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Toofs
Accounting service
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, fuel
Other costs
Other costs
Other costs
Other costs
Total
ODeralor Labor
Il"rDOUetion
Packing
Total
rator LaDor
u
0
Depreciation and Interest on Investment
DepreciatIOn
Interest
Total
Total ElCIlBnses
0
0
0
0
0
0
0
0
0
0
0
0
------------------I U,nI:H 1
t-eb
IEXPenses !:xc
I
Jan
rafOr LIIIlOr
Isugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mile control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containersllabels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting service
,J
Insurance
IV
......
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, fuel
Othercosfs
Other costs
Other costs
Othercosls
Total
Ooerator Labor
ProdUction
Pecking
Total
Mar
Aor
May
June
July
Aua
Seat
Oct
Noy
Dec
Amual
"" of Ttl
Cost
Per
Hive
Per Ib 01
Honey
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0""
0""
0""
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
v
0%
0%
0%
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
u
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0%
0.00
0.00
0
u
u
u
Deoreciation and Interest on Investment
uepreclallon
Interest
Total
Total EXPenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
------------------Feb
Mar
Aor
Mav
June
ulv
Auo
Sepl
Oct
Nov
Dec
Amual
%01 Ttl
Cost
Per
Hive
Per Ib ot
Honey
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
\I
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
u
u
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0%
0%
0.00
0.00
0.00
0.00
0.00
0.00
0
0
U
0%
0%
O'll>
0.00
0.00
0.00
0.00
0.00
0.00
0
0%
0.00
0.00
:OlltER 2
.J
tv
00
an
IExcenses I:xclUdlna Ooerator Labor
l:Sugar
0
Granulated
HFCS
0
Total
0
Medicine
Antibiotics
0
Mite control
0
Nosema control
0
Other
0
Tolal
0
0
Hired labor (prod)
Truck costs (prod)
0
Containersllabels
0
Queens
0
0
Repairs
Hired labor (pack)
0
Truck costs (pack)
0
Rent
0
0
Office supplies
Tools
0
Accounting service
0
Insurance
0
Real eslate taxes
0
Advertising
0
Assoc & conventions
0
Lodging (prod)
0
Heating, 1001
0
0
Other costs
Other costs
0
Other costs
0
Other costs
0
Total
u
Ooerator Labor
t'roauction
Packing
Tolal
0
0
0
\I
0
0
0
Deoreciation and Intlll8s1 on Investment
Uepreclallon
Interest
Tolal
Tolal EXPenses
0
0
0
0
0
0
0
0
0
0
0
0
------------------­
------------------IOF
Honev Pollination Hon & Poll
I~XPenses ~XCluul
~
w
o
Sugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mite control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containersl1abels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, fuel
Other costs
Other costs
Other costs
Other costs
Items for Cash Flow Analvsis
casn DBlancB
New capital investment
Down payment (cash)
New long-term borrowing
Monthly long-term principal
Long-term interest expense
Operator labor (production)
Operator labor (packing)
Short-term borrowing
Short-term principal
Short-term interest expense
Depreciation
Interest on investment
~Jnl1lng
Pollen
Queen
Other1
Other2
rator Labor
80%
0%
80%
10%
0%
10%
10%
0%
10%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
77%
0%
0%
0%
0%
11%
0%
0%
0%
11%
9%
31%
0%
10%
10%
0%
0%
12%
22%
16%
9%
33%
22%
0%
8%
40%
12%
0%
0%
0%
0%
11%
0%
0%
0%
11%
9%
26%
0%
10%
12%
0%
0%
12%
22%
16%
9%
33%
22%
0%
8%
19%
12%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
78%
78%
78%
78%
78%
78%
61%
100%
78%
78%
78%
78%
78%
10%
10%
10%
10%
10%
10%
11%
0%
10%
10%
10%
10%
10%
12%
12%
12%
12%
12%
12%
11%
0%
12%
12%
12%
12%
12%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
77%
82%
31%
100%
80%
78%
100%
100%
77%
51%
68%
81%
33%
56%
100%
83%
40%
77%
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I
ve
31
e
------------------This REVENUE.Xl..S file contains information on the revenues obtained from product saJes of the operation.
PRODUCT REVENUE
I D.o.uo.nll.o. Ict\
,J
an
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Annual
'Yo of
TIl Rev
0.75
10,600
7,950
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.75
11,000
8,250
0.75
11,000
8,250
0.75
11,500
8,625
0.75
11,000
8,250
55,100
41,325
82%
0.55
0.00
138
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.60
250
150
0.60
250
150
0.60
250
150
0.60
250
150
1,250
738
1%
10,850
8,088
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,250
8,400
11,250
8,400
11,750
8,775
11,250
8,400
42,063
83%
25.00
50
1,250
20.00
75
1,500
20.00
100
2,000
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
225
4,750
9'l'o
20.00
60
1,200
20.00
60
1,200
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
170
3,650
7'l'o
:nterprise
250
56,350
;e
0.00
0
0
w
tv
I
R;;~~;:e '(S)'.,-,
~
~
0
0
25.00
50
1,250
0
0
0
0
100
2,500
135
2,700
160
3,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
395
8,400
17%
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0
0
0%
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0
0
00/0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0
0
O'l'o
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0
0
O'l'o
8,088
0
2,500
2,700
3,200
0
0
0
8,400
8,400
8,775
8,400
50,463
100%
All Pollination
OIher2
nee ($Iunit)
Quantity (unit)
Revenue ($)
Total Revenue ($)
I
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C shflow
33
------------------This CASHFlOW.XLS file pre..""" the cash llow analysis and summary statistics lor the entire beekeepinll operation.
CASH FLOW
Jan
ash Innow
IHoney· Honey Enterpnse
Honey· Honey & Pollin Enterprise
Pollinabon . Pollinatton Enterprise
Pollination· Honey & Pollin Enter
Pollen
Queen
Other 1
Other 2
Total
.J
Feb
Mar
Apr
May
June
July
Aua
SeDt
0c1
Noy
Dec
Annual
Per
Hive
Per Ibol
Hone
7,950
138
0
0
0
0
0
0
8,088
0
0
0
0
0
0
0
0
0
0
0
1,250
1,250
0
0
0
0
2,SOO
0
0
1,500
1,200
0
0
0
0
2,700
0
0
2,000
1,200
0
0
0
0
3,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,250
150
0
0
0
0
0
0
8,400
8,250
150
0
0
0
0
0
0
8,400
8.625
150
0
0
0
0
0
0
8,775
8.250
150
0
0
0
0
0
0
8,400
41,325
738
4,750
3,650
0
0
0
0
50,463
81.03
1.45
9.31
7.16
0.00
0.00
0.00
0.00
98.95
0.73
0.01
0.08
0.06
0.00
0.00
0.00
0.00
0.90
1,405
0
1,405
108
0
108
0
0
0
0
0
0
0
0
0
0
0
0
1,560
0
1,560
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,073
0
3,073
6.02
0.00
6.02
0.05
0.00
0.05
35
0
0
0
35
175
144
0
0
1
0
0
43
23
25
0
0
0
0
240
0
43
0
0
0
0
729
0
0
0
0
0
24
18
0
330
1
0
0
43
23
25
0
0
0
0
0
0
43
0
0
0
0
S07
0
0
0
0
0
400
768
0
0
1
0
0
43
23
25
0
0
0
0
0
580
43
0
0
0
0
1,883
0
0
0
0
0
425
576
0
0
1
0
0
43
23
25
0
0
0
0
0
240
43
0
0
0
0
1,376
0
0
0
0
0
S06
612
0
0
1
0
0
43
23
25
0
0
0
0
0
370
43
0
0
0
0
1,623
0
0
0
0
198
370
0
0
1
0
0
43
23
25
0
0
450
0
240
400
43
0
0
0
0
1,793
0
0
0
0
0
9
192
4.397
0
1
0
0
43
23
25
0
0
0
0
0
0
43
0
0
0
0
4,733
880
0
0
0
880
186
288
4,397
1.550
1
0
0
43
23
25
0
0
0
0
0
0
43
0
0
0
0
7,436
0
0
0
0
0
15
144
0
0
1
0
0
43
23
25
0
0
0
785
0
0
43
0
0
0
0
1,079
0
0
0
0
0
430
0
0
0
1
0
368
43
23
25
0
0
0
785
0
0
43
0
0
0
0
1,718
0
0
0
0
0
430
434
0
0
1
11
368
43
23
25
108
I.S00
0
0
0
0
43
0
0
0
0
2,986
0
0
0
0
0
0
0
0
0
1
0
0
43
23
25
108
0
4SO
0
0
0
43
0
0
0
0
693
915
0
0
0
915
2,798
3,546
8,794
1.880
13
11
736
516
276
300
216
I.S00
900
1,570
480
1.590
516
0
0
0
0
29,630
1.79
0.00
0.00
0.00
1.79
5.49
6.95
17.24
3.69
0.03
0.02
1.44
1.01
0.54
0.59
0.42
2.94
1.76
3.08
0.94
3.12
1.01
0.00
0.00
0.00
0.00
58.10
0.02
0.00
0.00
0.00
0.02
0.05
0.06
0.16
0.03
0.00
0.00
0.01
0.01
0.00
0.01
0.00
0.03
0.02
0.03
0.01
0.03
0.01
0.00
0.00
0.00
0.00
0.53
7,359
(5:;7.1
617
1.324
1,577
11,7t13;
::4,7~~~:
{7.4~tJ)
7,321
6,682
5,789
7,707
23,905
46.87
0.42
7,359
0
145,597
19,835
125,763
1.849
524
631
0
0
0
0
(S~' ~,~
617
1,314
0
0
0
1,865
S09
794
0
0
0
0
'1"/~';
7,321
6,682
(23.';44;
0
0
0
1,920
453
750
358
0
0
0
7,707
4,355
0
0
0
1.857
516
161
0
0
0
0
0
0
0
1,936
437
360
0
0
0
0
23,905
0
145.597
19,835
125,763
22,707
5,772
7.872
716
0
0
0
46.87
0.00
285.49
38.89
246.59
44.52
11.32
1544
1.40
000
0.00
0.00
0.42
0.00
2.58
0.35
2.23
0.40
0.10
0.14
0.01
0.00
0.00
0.00
4,355
1,314
i13,136:'
(1.'3.~f5.·ll
{-:3.16.'3}
125.81;
~\:I.~3l
123,389
121,016
99,656
97,283
97,283
190.75
CashOu~low
Sugar
Granulated
HFCS
Total
Medicine
Antibiotics
Mite control
Nosema control
Other
Total
Hired labor (prod)
Truck costs (prod)
Containersllabels
Queens
Repairs
w
~
Hired labor (pack)
Truck costs (pack)
Rent
Office supplies
Tools
Accounting 5eMce
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, luel
Other costs
Other costs
Other costs
Other costs
Total
Total Cash Flow
Cash Row Summary
Net cash flow
+8eginning cash balance
·New cap~al investment
+Down payment (cash)
+New long-term borrowing
-Monthly long-term princ"'l
·Long-term interest expense
-Operator labor (production)
-Operator labor (packing)
+Short·term borrowing
-Short·term prine"al
·Short·term interest expense
Endil1!l Cash Balanee
Accumulated Borrowinas
0
1,324
1,577
:~,23t))
(3,12;)
0
0
0
1,872
SOl
841
0
0
0
0
0
0
0
1,880
493
1,197
0
0
0
0
(5,12n
0
0
0
1,888
485
660
0
0
0
0
~~.:236·1
(~,'271
i5, 12~i
118,643
116,269
113.896
~~.7J;J:
P,42:6j
{<;.~~47.J
~~ ?,46fjl
~~~,2J:':
0
0
0
1,896
477
413
0
0
0
0
0
0
0
1,904
469
961
0
0
0
0
0
0
0
1,912
461
355
0
0
0
0
i9,947:
{17 .45t~:
(2e.237)
{23.644)
lt1,523
109.150
106,776
104,403
1.20.'4~}
102.030
5,789
{2C.4~':
0
0
0
1.928
445
750
358
0
0
0
{1 e. ~ 3t1)
1.73
------------------SUMMARY OF RETURNS
an
Feb
Gross return (cash inflow)
·TOlalellPens8S excluding operalor labor (cash ou~low)
-<Jperating profd (net cash flow)
·Depreciation
-I nterest on investment
.Net Prof.
-Qperator labor
.Economic "rofd
.J
w
VI
Mar
Am
May
June
July
Au"
~t
Oct
Nov
Dec
Annual
50,463
29,630
20,833
12,174
7,467
1,192
8,588
{?',:;9Sl
Per
Hive
98.95
58.10
40.85
23.87
14.64
2.34
16.84
(1·1.:;0\
Per b of
Hone
0.90
0.53
0.37
0.22
0.t3
0.02
0.15
(0 1~
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Enter
·se An
6
------------------This ENTERPR.XlS file _ t I N t cash _
entelprisa in tha antira baakeaPng operation.
analvoi. and .ummaov statistics lor aach
HONEY ENTERPRISE ANALYSIS
Noy
Par Enter Par b 01
Hive
Honav
"aD
Mar
Apr
7,950
7,950
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,250
8,250
8,250
8,2>0
8,625
8,625
8,250
8,250
41,325
41,325
103.31
103.31
073
073
1,125
0
1,125
88
0
88
0
0
0
0
0
0
0
0
0
0
0
0
1,250
0
1,250
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,463
0
2,463
6.16
0.00
6.16
0.04
0.00
0.04
0
0
0
0
0
18
6
0
250
1
0
0
33
13
17
0
0
0
0
0
0
33
0
0
0
0
458
0
0
0
0
0
320
256
0
0
1
0
0
33
13
17
0
0
0
0
0
240
33
0
0
0
0
913
0
0
0
0
0
345
192
0
0
1
0
0
33
13
17
0
0
0
0
0
0
466
256
0
0
1
0
0
33
13
17
0
0
0
0
0
160
33
0
0
0
0
9(9
0
0
0
0
0
158
160
0
0
1
0
0
33
13
17
0
0
250
0
200
160
33
0
0
0
0
1,025
0
0
0
0
0
7
64
4,397
0
1
0
0
33
13
17
0
0
0
0
0
0
33
0
0
0
0
5,815
680
0
0
0
660
146
96
4.397
1,250
1
0
0
33
13
17
0
0
0
0
0
0
33
0
0
0
0
0
0
0
0
0
11
48
0
0
1
0
0
33
13
17
0
0
0
785
0
0
33
0
0
0
0
0
0
0
0
0
0
0
0
0
0
350
350
0
0
0
1
0
368
33
13
17
0
0
0
785
0
0
33
0
0
0
0
192
0
0
1
11
368
33
13
17
88
500
0
0
0
0
33
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
33
13
17
88
0
250
0
0
0
33
0
0
0
0
1.n
Otharcosts
Total
27
0
0
0
27
135
48
0
0
1
0
0
33
13
17
0
0
0
0
200
0
33
0
0
0
0
1,632
0.01
0.00
0.00
0.00
0.01
0.04
0.02
0.16
0.03
0.00
0.00
0.01
0.01
0.00
0.00
0.00
0.01
0.01
003
0.01
0.01
0.01
0.00
0.00
0.00
0.00
6,666
0.00
0.00
0.00
1.77
5.76
330
21.99
3.75
0.03
0.03
1.84
0.99
0.39
0.51
0.44
1.25
1.25
3.93
1.00
1.60
0.9Q
0.00
000
0.00
0.00
44.6,
Total Cash Flow
6,318
(458)
(913)
(714)
(979)
(1,025)
(5,815)
(6,666)
7,309
(458)
(714)
(1,792)
0
0
0
1,469
393
641
0
0
0
0
(979)
(5,009)
0
0
0
1,475
387
897
0
0
0
0
(1,025)
(8,746)
0
0
0
1,481
381
260
0
0
0
0
(5,815)
(11,892)
0
0
0
1,487
374
13
0
0
0
0
(6,666)
(19,581)
0
0
0
1,493
368
561
0
0
0
0
7,309
(28,670)
0
0
0
1,499
362
155
0
0
0
0
~3
~3,?46)
(1" ,592;
{~9.Vi'\1
~:::3.F;·_;}
(23 3!i)
87,469
85,607
83,746
81,885
Jan
ash n'lOW
Honay
Tolal
May
June
July
AUQ
Sap1
Oct
Dae
Annual
CashOutllaw
I~ugar
~
Granulated
HFCS
Tolal
Medicine
Antibiolics
Mite control
Nosema control
Othar
Tolal
Hired labor (prod)
Truck coslS (prod)
Containars/labels
Queens
Repairs
Hired labor (pack)
Truck coslS (pack)
Rant
OffK:e ,upplies
Tools
Accounting MfVK:e
I.J.J
-..,J
Insurance
Real_ta taxes
Advertising
Asaoc & conventions
lodging (prod)
Heating, fual
Other costs
Oth.rcosts
Other costs
Cash Flow Summary
Nelcashl_
+Beginning cah balance
-New capital investment
+Down pay"",'" (cash)
+New long-term borrowing
-Monthly long-term principal
-long-term int.rest expense
-Cparalor labor (production)
-Cparator labor (packing)
+Short-term borrowing
-Short-term principal
-Short-term interest expense
EndinQ Cash Balance
Accumulated BorrowinQ'
6,318
0
114,194
15,557
98,637
1,450
411
501
0
0
0
0
3,956
0
0
0
1,456
405
61
0
0
0
0
(913)
1,576
0
0
0
1,463
399
594
0
0
0
0
3,956
1,576
(1,;'92;
96,776
94,915
93,053
Gross return (cash inflow)
~Total expenses excluding operator labor (cash outflow)
=Operating prolrt (nal cash _ )
~Oepreciation
-Interest on investment
=Nat Prolrt
.Qparator labor
=Economic prolrt
0
0
0
0
80
33
0
0
0
0
"
C:':oS}
91,192
89,330
941
1,600
1,606
'35
707
0
0
0
707
2.306
1,318
8,794
1,500
11
11
736
396
156
204
176
500
500
1,570
400
640
396
0
0
0
0
"'''',(83
6,650
7,019
7,815
18,542
36.36
0.33
6,650
7,019
(19,5ll6)
0
0
0
1,512
349
650
358
0
0
0
7,815
(15,447)
0
0
0
1,518
343
260
0
0
0
0
18,542
0
114,194
15,557
98,637
17,809
4,527
5.242
716
0
0
0
36.36
000
223.91
30.50
193.41
34.92
8.88
10.28
1.40
0.00
0.00
0.00
0.33
0.00
2.03
0.28
1.75
0.32
0.08
0.09
0.01
0.00
0.00
000
(I;;,~l
! ~e,44·i:
~;. ';~3~
(\;;.12;
'0 1~
80,023
78,162
(23,3n)
0
0
0
1,506
356
650
358
0
0
0
76,300
~~.?SJ)
0.40
76,300
149.61
1.35
41,325
22,783
81.03
44.67
,.,.,.,
0.73
0.40
v.~~
16.72
11.48
0.17
0.10
1~,54"
9,548
5,856
3,138
5,958
11.68
0.11
·2.B~1
C5.:-3}
10. 5'
6.1~
V.V<>
------------------.,
u_
Annual P., E :
P~
J •..,
Aua
Oc!
Now
Dac
0
0
0
If
0
0
0
0
0
0
0
0
0
0
4780
4,750
85.00
95.00
0.08
0.08
0
0
0
0
0
0
155
0
155
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305
0
305
8.10
0.00
8.10
0.01
0.00
0.01
0
0
0
0
0
40
1112
0
0
0
0
0
5
5
4
0
0
0
0
0
80
5
0
0
0
0
0
0
0
0
0
20
256
0
0
0
0
0
5
5
4
0
0
0
0
0
160
5
0
0
0
0
0
0
0
0
0
20
160
0
0
0
0
0
5
5
4
0
0
100
0
20
160
5
0
0
0
0
0
0
0
0
0
1
100
0
0
0
100
20
0
0
0
0
0
2
64
Q6
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
150
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
48
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
0
0
0
0
0
40
0
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
2.08
0.00
0.00
0.00
2.08
4.112
28.38
0.00
3.80
0.03
0.00
0.00
1.20
1.20
47lr
~
38li
611
~g
0
0
0
0
0
0
0
0
0
0
0
0
5
5
4
10
0
100
0
0
0
5
0
0
0
0
1211
104
0
0
0
104
246
1.318
0
1110
1
0
0
60
60
48
20
SOD
200
0
40
4ss-
0
0
0
0
0
40
1112
0
0
0
0
0
5
5
4
10
SOD
0
0
0
0
5
0
0
0
0
71ll
60
0
0
0
0
3,7ll2
r~.85
0.00
0.00
0.00
0.00
0.00
0.00
0.02
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.00
0.07
8G5
1,1611
1.545
(470)
(239)
(385)
(Ell)
(58)
(781)
(120)
ll58
111.15
0.02
(78)
6115
1,1611
(elO)
(547)
(Ell)
(1l5O)
0
0
0
184
411
100
0
0
0
0
(4711)
1,451
0
0
0
185
48
200
0
0
0
0
(2311)
53Il
0
0
0
183
50
100
0
0
0
0
1,545
288
0
0
0
184
(385)
(54Il1
0
0
0
182
51
80
0
0
0
0
0
0
0
187
45
100
0
0
0
0
(58)
(1,352)
0
0
0
188
44
50
0
0
0
0
(781)
(1,_)
0
0
0
188
44
50
0
0
0
0
(120)
(2,738)
0
0
0
1110
ll58
0
14,274
1,1145
12,330
2,228
568
1,315
0
0
0
0
0.02
0.00
0.25
0.03
0.22
0.04
0.01
0.02
0.00
0.00
0.00
0.00
\SC7)
2811
1,451
53Il
~-:3:'}
(1.3-'i:l)
il,f>t>4i
(~.7:1i';
'~.1«t)
{'l.I411·'
111.15
0.00
285.411
38.88
246.58
44.52
11.32
2830
0.00
0.00
0.00
0.00
0.00
(!>2.flO;
(().Vf.j~
11632
11,3IlII
11.166
10.934
10.238
10003
II no
11538
11538
1110.75
0.17
4,750
3,7112
ll58
1.194
732
(1168'
1315
115.00
75.85
19.15
23.87
14.84
0.08
0.07
0.02
0.02
0.01
Mar
an.
J..".
S-
.hlnlDw
0
0
0
0
1,280
1,280
1 SOD
',500
140
0
140
10
0
10
0
0
0
0
0
0
4
0
0
0
4
20
Tolal
48
0
0
0
0
0
5
5
4
0
0
0
0
20
0
5
0
0
0
0
l/51
0
0
0
0
0
3
8
0
40
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
7lr
0
0
0
0
0
40
256
0
0
0
0
0
5
5
4
0
0
0
0
0
240
5
0
0
0
0
555
~
Tolal CMh Flow
(251)
(78)
(251)
0
14,274
1,1145
12,330
181
51
85
0
0
0
0
ir-lll)
(~1fJ'1
I~
1
C.h 0utf1clw
5ugar
Granulated
HFCS
TOIlII
Madicine
~
AnlbioIic:a
Mr. control
Nosemacon1ro1
Olh.r
Tolal
Hnd IlIbor (prod)
Trvck 0081II (prod)
Conlaina_.
au-ns
A.,.n
Hin>d IlIbor (peckl
Trvck 0081II (peekl
Aen1
Otfic:a suppli.
Toole
Accounting .-vic:a
'neurance
A.i_......
AdY_g
Auoc & c:onwntione
w
00
2000
~00lr
Lodging (prod)
Heeling, fuel
Olhar ......
OIlIer 0081II
Olh.rc:oslB
Olher 0081II
C.FIowSU..........
h
: = n.::'".." bUnce
·New eepilal inv--.t
.0-. pay_ (...,,)
-long-term bomlwing
. - t I.... Iong....... ~ I
-lDno-term"'- _
.()pera1or I8bor (produdion)
.()pera1or I8bor (pecking)
+Sharl·,.nn bo......ing
·Short-term principel
-Short-term"'- _
Endina C.h Balance
Accumulated Bonowinaa
G.... relum (..." inflow)
-ToIal.xpen_ ••eluding
120117
_ralor I8bor
zOperating pralr (nat ...h flow)
·Depreciation
~nlaraal on invadMnl
zNalProfil
-Qpara1or I8bor
=Eeonome Dral~
11,884
(cuh _ )
48
150
0
0
0
0
0
0
0
188
47
200
0
0
0
0
10.701
(133)
0
0
0
187
48
200
0
0
0
0
~C;ftV)
10466
43
50
0
0
0
0
840
'2.'~&'1
O.De
0.40
10.00
4.00
0.00
0.80
12.80
1.20
0.00
0.00
0.00
0.00
(~".:lI.')
(O.i.e.,
....
« .••'-<.
28.30
)
0.02
------------------ItlUNI::.
an
Mar
Anr
Mav
June
Julu
Par Enter Par Il 01
Hw.
Hon....
Auo
saot
Oct
Nov
Dec
0
0
0
150
0
ISO
150
0
150
150
0
150
150
0
150
738
3,650
12.29
60.83
4,~8b
3.1~
0.01
0.06
0.08
Annual
ash "flOW
IHoney
Pollination
TOlal
CashOudlow
I"ugar
Granulated
HFCS
Tolal
Medicine
Antbiolics
-"
Mitecontfol
Nosema control
w
1.0
Other
Tolal
Hired labor (prod)
Truck coslS (prod)
Conlainers/labels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Ofhce supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heating, fuel
Other costs
Other costs
OthercoS'ts
Other costs
Tola1
Total Gaoh Flow
CMil Flow Summary
Net cash flow
+8eginning cash balonca
-New capital tnlll8tm.,.
+Down payment (cash)
+New Ion~term borrowing
-Monthly 1on9-lerm principal
-Long-term interest expense
-Operator labor (production)
-Operator labor (packing)
+Short-term borrowing
-Short"..m principal
-Short-term interest expense
Endino Cash Balance
Accumulated BorrowinGS
138
0
138
0
0
0
0
1.250
1.250
0
1,200
1,200
140
0
140
10
0
10
0
0
0
0
0
0
0
0
0
0
0
0
155
0
155
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305
0
305
5.08
0.00
5.08
0.01
0.00
0.01
4
0
0
0
4
20
48
0
0
0
0
0
5
5
4
0
0
0
0
20
0
5
0
0
0
0
251
0
0
0
0
0
3
6
0
40
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
78
0
0
0
0
0
40
256
0
0
0
0
0
5
5
4
0
0
0
0
0
100
5
0
0
0
0
415
0
0
0
0
0
40
192
0
0
0
0
0
5
5
4
0
0
0
0
0
80
5
0
0
0
0
331
0
0
0
0
0
20
100
0
0
0
0
0
5
5
4
0
0
0
0
0
50
5
0
0
0
0
189
0
0
0
0
0
20
50
0
0
0
0
0
5
5
4
0
0
100
0
20
80
5
0
0
0
0
289
0
0
0
0
0
1
64
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
239
100
0
0
0
100
20
Q6
0
lSO
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
abO
0
0
0
0
0
2
48
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
bY
0
0
0
0
0
40
0
0
0
0
0
0
5
5
4
0
0
0
0
0
0
5
0
0
0
0
OY
0
0
0
0
0
40
50
0
0
0
0
0
5
5
4
10
104
0
0
0
104
246
910
0
190
2
0
0
0
0
0
0
5
0
0
0
0
blY
0
0
0
0
0
0
0
0
0
0
0
0
5
5
4
10
0
100
0
0
0
5
0
0
0
0
1.73
0.00
0.00
0.00
1.73
4.10
15.17
0.00
3.17
0.03
0.00
0.00
1.00
1.00
0.80
0.33
8.33
3.33
0.00
0.67
5.17
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.02
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.00
(11·1',
FE\)
835
869
1,011
(2l'Qi
~~.1~~
(335)
81
91
~469}
1,011
80
0
0
0
221
58
150
0
0
0
0
{C'Htll
662
0
0
0
~239:
~3t!S~
{~C7~
~a.~S}
0
0
0
223
56
200
0
0
0
0
0
0
0
224
55
200
0
0
0
0
i'1141
0
17,129
2,334
14,796
218
62
65
0
0
0
0
!-If.3i
14,516
(78)
(458i
0
0
0
218
61
50
0
0
0
0
(&">5~
14.237
Gross return (cash inflow)
-Total expanses exclUding operator labor (cash outUow)
=Operating prof~ <net cash flow)
-Depreciation
-Interest on investment
=Nel Profit
..()perator labor
-Economic Drof~
835
86ll
\&t:~]
t4h:}
0
0
0
219
0
0
0
220
59
100
0
0
0
0
60
100
0
0
0
0
0
1,200
1200
0
0
0
222
57
200
0
0
0
0
(.:
80
662
1107·l
13,958
13,679
13,400
13.120
~4~
0
0
-0'
(a::~.1
12,841
':~.t-,~~
12.562
81
(Uollii)
0
0
0
225
54
100
0
0
0
0
il.9t18i
12,283
91
(1,~E\Bi
0
0
0
226
53
50
0
0
0
0
!2,~2{:\
12.003
500
:4i39~
(2.~2t]
0
0
0
227
52
50
0
0
0
0
(~,':;~4;
11,724
60
60
48
20
500
200
0
40
310
60
0
0
0
0
129
3,000
:><J.Y1
0.00
21
1,333
22.22
0.02
1,333
0
17,129
2,334
14,796
2,671
679
1,315
0
0
0
0
2222
0.00
285.49
38.89
246.59
44.52
11.32
21.92
0.00
0.00
0.00
000
0.02
0.00
0.30
0.04
0.26
0.05
0.01
0.02
0.00
0.00
0.00
0.00
21
'3.l'rc'4)
0
0
0
228
51
50
0
0
0
0
~.13.13}
11,445
(!.!;.~~
(0,('(::
11,445
190.75
0.20
4,388
3,055
73.13
50.91
0.08
0.05
1,~
'~.Zl
U.U~
1,432
878
23.87
14.64
11".,,1,
21.92
0.03
0.02
(3,33.1,
1~~;~'
,22931
,:;8
21.
cll.. t...:
0.02
10.0"
-, ----,
•
-- -]
I
-1
-1
IPOL~N
ash- nflow
oll6n
Total
Cash
Granulated
HFCS
Total
Medtcine
Antibiotics
Mite control
a
a
a
a
a
a
Other costs
Total
Talai Cash Flow
a
Containers/labels
Queens
Repairs
Hired labor (pack)
Truck costs (pack)
Rent
Ofhc8 supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
~
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
Nosema control
Other
Total
Hired labor (1"00)
Truck costs (1"00)
o
Fe!:
0
Per Enter Per b of
H;ve
Hone
Mar
Anr
Mav
June
Julv
Aug
Sept
Ocl
NO\!
Dec
Annual
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
u
0
a
a
0.00
0.00
0.00
0.00
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0.00
0.00
0.00
0.00
0.00
0.00
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0.00
000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ou~low
I Sugar
~
an
AS90C & conYentions
Lodging (prod)
Heating, fuel
Other costs
Other costs
Other costs
Cash Flow Summaov
Net cash IIOW
+Beginning cash baklnce
-NM capital investment
+0-. payment (cash)
+New long-term borrowing
-Monthly long-term principal
-long-term interest expense
-Operator labor (production)
-Operator labor (packing)
+Short-term borrowing
-Short-term principal
-ShorHerm interest expense
0
a
a
a
a
a
a
a
a
0
0
0
0
a
a
a
a
a
a
a
a
a
a
0
a
a
a
a
a
0
0
a
0
a
a
a
a
a
a
a
a
a
a
a
a
a
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
0
0
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
a
a
a
a
a
a
a
0.00
0.00
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
a
a
a
a
a
a
a
a
a
a
a
0
0
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
a
a
u
u
0
0
0
0
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
0
a
a
a
a
a
a
a
a
0
0
0
0
0
0
a
0
0
0
0
0
0
0
0
0
0
0
0
a
a
a
a
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Endina Cash Balance
0
0
a
0
0
a
0
0
a
0
0
a
0
0.00
Accumulated BorrowinQs
0
0
a
a
0
0
a
0
0
a
0
a
0
0.00
0.00
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0.00
000
000
0.00
0.00
0.00
000
000
0
Gross return (cash inflow)
-Total expenses excluding operator labor (cash outOow)
:Operating prof. (net cash flow)
-Depreciation
-Interest on investment
:Net Prol.
-Operator labor
-Economic orofit
0
a
0
0
0
a
0
0
--,
~
•
11
--'1
- -1
-'1
an
Mar
Anr
Ma.
June
Julv
Auo
SeDI
Oct
Nov
Dec:
Annual
Per EllIer Per b 01
Hive Hon""
ash ntlow
IQueens
,J
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
Cash Oudlow
ISugar
Granula'&<!
HFCS
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0,00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
+Short-term oorrowing
-Short-term princPaI
-Short-term intenm expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Endino Cash Balance
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
000
0.00
000
000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
Medte1ne
AllItliolics
Mrte control
Nosema control
Othor
Total
Hired labor (prod)
Truck coslS (prod)
Conlainorsllabels
Queens
Repairs
Hired labor (pack)
Truck coolS (pack)
Renl
Of
supplies
Tools
Accounting S8fVK:e
"c.
lnsuranoe
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
.j:>.
Heeling, fuel
Othor COSlS
Other costs
Other costs
Other costs
Total
Total
ea.. Flow
Cash Flow Summerv
Net cas."""
+Beginning caoh belanco
-Neww capital investment
+Down paymelll (ca.h)
+New long-term oorrowing
-Molllhly long-term principal
-Long-term interest expense
-Operalor labor (production)
.()perator labor (packing)
Accumulated Borrowinas
Gross return (cash inflow)
-Total expenses excluding operator Labor (cash outnow)
=0p«ating profit (not cash flow)
-Depredation
-Interest on investment
;Net Profit
-Operator Iabo<
=Economtc orolit
0
0
0
0
------------------I"~"
N""
Dec
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
u
0
u
u.oo
0.00
0
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Aua
--0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Feb
Mar
1'Dr
Mav
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
June
Per Enter Per III of
Hanev
Hive
0cI
JulY
an
Seot
Annual
ash nftow
IOther 1
Talal
0
Cash Ou1f1aw
I Sugar
Granula1ed
HFCS
Talal
Medicine
Antbialics
,J
M~econtral
Nosema control
Other
Talal
Hired labar (prod)
Truck casts (prod)
Containers/labels
Queens
-1:>0.
N
Repairs
Hired !abar (pack)
Truck casts (pack)
Renl
Offa supplies
Tools
Accounting service
Insurance
Real estate taxes
Advertising
Assoc & conventions
Lodging (prod)
Heeling, fuel
Other costs
Other casts
Other casts
Other costs
Talal
0
u
u
0
0
0
0
0
0
0
0
0
0
0
0
-Short-term principal
·Short-term interest expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Endina Cash Balance
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0
0
0
0.00
0.00
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
000
0.00
0.00
0.00
0.00
000
000 I
0.00
0.00
0.00
Talal Caoll Flow
Ceoh Flow SummarY
Net casll flow
+8eginning cash belance
. _ capital inv_enl
+Dawn payment (cash)
+New long-term borrowing
-Monthly lang-term principal
-long-tenn interest .pense
-Operator labor (production)
-Operalor labor (packing)
+Short~term borrowing
Accumulal.d B<lf1'owinas
0
0
Gross A3turn (cash ;"fIow)
-Total expenses excluding operator labor (cash outflow)
=Operaling praf~ (n.l cash flow)
-Depreciation
-Interest on investment
=Nel Prof~
-<Jp«alor labor
-Economic Drol~
0
0
0
0
0
0
0
0
------------------rHER2
~
0
0
0
0
0
u
u
u
0.00
0.00
U.W
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
000
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0
0
0
0
0
0
0.00
0.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
000
0
0
0
0
0
0
0
0
0
0.00
0.00
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
lOO
U.OO
ADr
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Advertising
Aseoc & conventions
Lodgillll (prod)
Heating, fuel
OIher costa
OIhar costs
OIhar costs
OIhar costa
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
()
()
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Cash Fklw
0
0
0
-Operator Iebor (production)
-Operator labor (packing)
+Short-term borrowing
-Shon~ermprincipal
-Short-term interest expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Endino Cash Balenoe
0
0
Repairs
Insurance
Reel estate taxes
~
0
0
Mar
Hired labor (pack)
Truck costs (pack)
Rent
Officesuppi88
Tools
Accounting service
w
N""
FiD
Cash Outlklw
ISugar
Granulated
HFCS
Total
Medicine
A"'biolics
Mite control
Nosema control
OIher
Total
Hired labor (prod)
Truck costs (prod)
Containersllabels
Queens
Cash Fklw SummerY
Net casn 'lOW
+Beginning cash balence
-N_ capital inYeetment
+Down payment (eaeh)
+New tong-term borrowing
-Monthly long-term princpal
·Long-tenn inter" expense
Accumulated Borrowinas
0
0
Groes return (cash inftow)
-Total expenses excluding operator labor (cash outnowl
=Operating profM (net cash ftow)
-Depreciation
-Interesl on inwestment
~Net Profil
-Qperator labor
-Economic profit
June
Julv
Aua
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
If
0-
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Per Enter Per b of
Hive Honev
Oct
an
as n
l()lI1er2
Totel
Mav
0
0
0
0
Seot
0
Dec
O'
0
0
0
0
Annuol
,
0
0
0
0
0
0
0
0.00
g~
0.00
0.00
0.00
I
I
I
I
I
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I
I
I
I
I
I
I
I
I
I
I
I
I
OTHER ARM.E. EXTENSION BULLETINS
No. 95-15
Dairy Farm Business Summary
Central New Yark and Central Plain
Regions 1994
Stuart F. Smith
Linda D. Putnam
Charles H. Cuykendall
Michael L. Stratton
No. 95-16
Dairy Fann Business Summary
Southeastern New York Region 1994
Stuart F. Smith
Linda D. Putnam
Stephen E. Hadcock
Larry R Hulle
Colleen A McKeon
Gerald J. Skoda
No. 95-17
Dairy Fann Business Summary
Eastern Plateau Region 1994
Robert A Milligan
Linda D. Putnam
John S. Carlson
Carl A Crispell
Karen Hoffman
No. 95-18
Dairy Farm Business Summary
Northern Hudson Region 1994
Stuart F. Smith
Linda D. Putnam
Cathy S. Wickswat
Anita W. Deming
David R. Wood
No. 95-19
Dairy Farm Business Summary
Eastern New York Renter Summary 1994
Stuart F. Smith
Linda D. Putnam
No. 95-20
Seneca County's Local Governments:
Opportunities for Intergovernmental
Cooperation, Needs for Educational
and Technical Assistance
David Kay
Duane Wilcox
No. 95-21
Farm Income Tax Management and
Reporting Reference Manual
Stuart F. Smith
Charles H. Cuykendall
No. 95-22
Income Tax Implications for Farmers
Receiving New York City Watershed
Agricultural Program Payments
John M. Thurgood
No. 95-23
New York Economic Handbook 1996
Agricultural Situation and Outlook
AR.M.E. Staff
,