Farm Income

 

The farm has been operated for many years as a custom hire operation. Various crops have been produced over the years including corn, soy beans, wheat, and other crops. The following list is the NET amount of proceeds reported as income to the IRS for the last five years after expenses.

2017 $15,560.00

2016 $ 4,411.00

2015 $1,067.00

2014 $31,532.00

2013 $ 7010.00

Average = $11,916.00

Average rounded NET Income per Year = $12,000.00

Income over six years = $72,000.00