Example Cash Flow Statement

June-Jan. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cash Inflows
Cash on Hand $20,589

Egg Sales $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450
Vegetable Sales (Modified CSA) $4,000
Market Garden Sales $0 $0 $450 $2,600 $4,650 6350 5850 $3,700 $2,800 $5,300 $3,750 $450
High Tunnel Sales $0.00 $0.00 $150.00 $1,900.00 $1,300.00 $200.00 $0.00 $0.00 $0.00 $1,350.00 $1,600.00 $600.00

Monthly Cash Inflow $4,450 $450 $1,050 $4,950 $6,400 $7,000 $6,300 $4,150 $3,250 $7,100 $5,800 $1,500

Cash Expenditures
Asparagus Year Two Expenses $1,500 $450 $568 $89 $0 $0 $0 $0 $0 $0 $0 $0
Hightunnel Expenses $152 $190 $20 $320 $80 $0 $0 $43 $100 $0 $0 $0
Market Garden Expenses $1,350 $650 $700 $590 $620 $740 $620 $620 $670 $620 $500 $0
Poultry Expenses $1,478 $515 $455 $165 $1,478 $15 $355 $15 $1,578 $150 $255 $15

Payment on Loans $17,807

Owner Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Monthly Cash Expenditures $0 $4,480 $1,805 $1,743 $1,164 $2,178 $755 $975 $678 $2,348 $770 $755 $17,822

Monthly Net Cash Flow $0 -$30 -$1,355 -$693 $3,787 $4,222 $6,245 $5,325 $3,472 $902 $6,330 $5,045 -$16,322

Cumulative Net Cash Flow $0 -$30 -$1,385 -$2,078 $1,709 $5,931 $12,176 $17,501 $20,973 $21,875 $28,205 $33,250 $37,517
 In this example the farmer is chosing to pay their son to sell at the mark
needed farm chores. This means that the marketing cost from the budg
Example Production and farmer but kept as a return to the business. You will see that they are al
purchase that amount on credit from the farm. Use the follwing enterpr
Sales Schedule spread out using a production schedule for each crop to predict cash flo
Jan
Sales for Each Operation
High House (lettuce)
High House (cucumbers)
High House (Tomatoes)
High House (Peppers)
Totals $0.00 $0.00
Market Garden (cucumbers)
Market Garden (broccoli)
Market Garden (brussel sprouts)
Market Garden (chinease cabbage)
Market Garden (Cauliflower)
Market Garden (carrots)
Market Garden (Kale)
Market Garden (head lettuce)
Market Garden (Lettuce)
Market Garden (Watermelon)
Market Garden (cantalope)
Market Garden (okra)
Market Garden (onions)
Market Garden (herbs)
Market Garden (Parsnips)
Market Garden (peas)
Market Garden (Tomatoes)
Market Garden (spinich)
Market Garden (Summer Squash)
Market Garden (Turnip Greens)
Market Garden (Winter Squash)
Market Garden (Peppers)
Totals $0.00 $0.00
Eggs, 110dz month $450
CSA Sales $4,000
CSA Eggs (20dz month) sold on credit $840 ($70.00)
CSA Veggies sold on credit $1,864
CSA Meat sold on credit $1,296 ($108)
Highhouse Operation Expeses with Notes
$42.03 purchase seed
 $50 irrigation repair
$ 60 purchase fert

Market Garden Operation Expenses with Notes

$1200 purchase seed
$150 purchase fish emusion(transplant fert)

Layer Operation Expenses with Notes

$1333 pre purchase feed 3 pallets

$15 fresh straw

$130.00 purchase 400 egg cartons
Asparagus Operation Expenses with Notes
$1500- pre-order transplants
 sing to pay their son to sell at the market for them on the weekends for 8 hours a day at $10 an hour and this also helps the family catch u
that the marketing cost from the budgets on the attached sheets will not be considered. All other labor is completed by the farmer and is
e business. You will see that they are also doing a CSA where the farmer sells $500 shares at the beginning of the year and then the CSA m
from the farm. Use the follwing enterprise budgets with yellow cells highlighted to show you where the numbers are coming from. These
hedule for each crop to predict cash flows for the farm.
Feb March April May

$150.00

$900.00 $700.00
$1,000.00 $600.00
$0.00 $150.00 $1,900.00 $1,300.00

$200.00

$200.00 $200.00
$200.00
$600.00 $600.00
$450.00 $450.00 $450.00
$250.00 $750.00
$250.00 $500.00

$250.00
$50.00 $250.00

$50.00 $100.00

$250.00 $250.00

$500.00 $900.00
$0.00 $450.00 $2,600.00 $4,650.00
$450 $450 $450 $450

($70.00) ($70.00) ($70.00) ($70.00)

($233.00) ($233.00)
($108) ($108) ($108) ($108)

$20 sprayer repair

 $200 cleaning supplies

$90 purchase neem/hort oil $ 80- 8 hours market labor

$100 purchase trellis supplies $120- 12 hours market labor

$100 irrigation repair

se fish emusion(transplant fert) $90 purchase neem/hort oil
$50 deer fence repair
$100 purchase soil media $120- 12 hours market labor
$ 500 gas $ 500 gas $ 500 gas $ 500 gas
$100 purchase trellis supplies

urchase feed 3 pallets
$500new pen
$15 fresh straw
chase 400 egg cartons
$ 200 avian specialist visit $1333 pre purchase feed 3 pallets
$150 repairs to houses
$240 replacement pullets
$15 fresh straw $15 fresh straw $15 fresh straw
$130.00 purchase 400 egg cartons

rder transplants $568purchase install irrigation

$200 purchase install row covers/nets
$250 install deer fence $63.50 purchase spinosad
$25 re-plant row middle cover crop
our and this also helps the family catch up with some
labor is completed by the farmer and is not payed to the
eginning of the year and then the CSA members can
e the numbers are coming from. These numbers were

June July August Sept.

$200.00

$200.00 $0.00 $0.00 $0.00

$1,200.00 $800.00 $800.00 $1,200.00
$800.00 $800.00
$400.00
$150.00
$300.00 $100.00

$450.00
$750.00 $200.00 $100.00
$500.00 $500.00
$400.00
$450.00 $450.00
$250.00 $250.00

$250.00

$100.00 $100.00
$1,100.00 $1,100.00 $1,100.00

$200.00 $200.00
$200.00 $200.00

$900.00 $900.00 $1,000.00 $500.00

$6,500.00 $6,000.00 $3,400.00 $2,800.00
$450 $450 $450 $450

($70.00) ($70.00) ($70.00) ($70.00)

($233.00) ($233.00) ($233.00) ($233.00)
($108) ($108) ($108) ($108)

$42.03 purchase seed

s market labor
$100 purchase trellis supplies

$50 cover crop seed

urs market labor $120- 12 hours market labor $120- 12 hours market labor
$ 500 gas $ 500 gas $ 500 gas $ 500 gas
$240- 24 hours market labor $120- 12 hours market labor

urchase feed 3 pallets $1333 pre purchase feed 3 pallets

$100 cleaning supplies $100 health care
$240 replacement pullets
$15 fresh straw $15 fresh straw $15 fresh straw $15 fresh straw
chase 400 egg cartons $130.00 purchase 400 egg cartons
Oct. Nov. Dec.

$550.00 $800.00 $200.00

$800.00 $800.00 $400.00

$1,350.00 $1,600.00 $600.00 $7,100.00

$1,000.00

$400.00 $400.00

$600.00
$450.00 $450.00 $450.00
$500.00 $500.00
$500.00 $500.00

$500.00 $500.00

$400.00 $400.00

$1,100.00 $200.00
$250.00

$200.00 $200.00

$5,300.00 $3,750.00 $450.00 $35,900.00

$450 $450 $450 $5,400

($70.00) ($70.00) ($70.00) $840

($233.00) ($233.00) $1,864
($108) ($108) ($108) $1,296
se trellis supplies

urs market labor

$ 500 gas $ 500 gas
$120- 12 hours market labor

urchase feed 3 pallets

$240 replacement pullets

$15 fresh straw $15 fresh straw $15 fresh straw
chase 400 egg cartons
Asparagus Budget 1/4 acre, 100ft rows YEAR 2

Receipts/Acre
Asparagus**

Total Receipts

Variable Cost/Acre Unit

Cover Crops 50lb bags
Nitrogen Source 50lb bags
Potassium/Potash Source 50lb bags
Pest Control allowance
*Transplant Cost
*Owner Labor hours
Total Variable Cost

Fixed Cost/Acre Unit

*Drip Irrigation System doll
Row Covers, insect netting, hoops doll
Electric Fencing (deer fence) doll
Other Fixed Cost Start Cost

Land Rent annual

Total Fixed Cost

Total Cost
Returns
Net Returns over variable cost
Net Returns
**Asparagus yeild for year 1 is zero because this is the preperation and planting year, year two will be no yeild b
*Labor hours are assumed as wages paid to owner operator only, assumes hand weeding, hand harvest, pack, a
*Drip irrigation assumes a well is present already and all crops are automatically irrigated by system
*Market cost assumes the cost of a person at the market for a day for 8 hours and labor to deliver
*Gas estimate in row is mileage, mpg, and cost of gas respectively

Farmers Market Prices: http://www.ncagr.gov/markets/mktnews/retail_far

South Urban Grocery Prices: http://www.bls.gov/regions/mid-atlantic/data/aver
 Average
Market Price
per lb. Total
$7.00 $0.00

$0.00

Quantity Cost/Acre Total

0.5 $50.00 $25.00
0.75 $30.00 $22.50
0.75 $20.00 $15.00
0.25 $250.00 $62.50
25 $58.82 $1,470.59
562.5 $0.00 $0.00
$1,595.59
estimate your cost

Cost Useful Life Total

$ 568.73 5 $ 113.75
$ 200.00 5 $ 40.00
$ 250.00 5 $ 50.00
$ 1,018.73 Depr. Expense $ 203.75

$200.00
$403.75

$1,999.33

-$1,595.59
-$1,999.33
anting year, year two will be no yeild because this is establishment year
hand weeding, hand harvest, pack, and wash
tically irrigated by system
ours and labor to deliver

w.ncagr.gov/markets/mktnews/retail_farmers_markets_reports.htm
w.bls.gov/regions/mid-atlantic/data/averageretailfoodandenergyprices_usandsouth_table.htm
Market Garden Enterprise Budget 1 acre, 100ft rows
Use the items highlighted in yellow to compare back to the cash flow statement. In this example lime
control cost was a portion of the $250 allowance given.

Receipts/Acre
Beans, bush
Beans, pole
Beets
Broccoli
Brussel Sprouts
Cabbage
Cabbage, Chinese**
Carrots
Cauliflower
Kale
Cucumbers, long seedless
Eggplant
Kohlrabi
Lettuce, head**
Lettuce, leaf
Muskmelon, cantaloupe**
Okra
Onions (dry)
Parsley
Parsnips
Peas, English
Peas, Southern
Peppers, Sweet
Peppers, Green
Potatoes, Irish (seed tubers)
Potatoes, Sweet (planted by slips)
Pumpkins
Radishes**
Spinach
Squash, summer
Squash, winter
Tomatoes
Turnip, greens
Turnip, roots
Watermelon**
Total Receipts

Variable Cost/Acre Unit

Lime, Applied ton
Cover Crops 50lb bags
Nitrogen 50lb bags
Super Phosphate 50lb bags
Potassium/Potash 50lb bags
Pest Control allowance
*Market Cost Days at Market
*Supplies and Repairs allowance
Equipment/Vehicle Maint allowance
*Gas 30000
Soil for Transplants 3 cu yd bags
*Seed-Plant Cost
*Owner Labor hours
Total Variable Cost

Fixed Cost/Acre Unit

Tiller + Accessories doll
Farm Vehicle doll
Wash/Pack House Cold Room (converted shed) doll
*Drip Irrigation System doll
Broad Fork doll
Seeders doll
Rakes, shovels, wheel barrow, etc.. doll
Harvest Cart doll
Row Covers, insect netting, hoops doll
Sprayer doll
Harvest Baskets, scales doll
Electric Fencing (deer fence) doll
Transplant starter house doll
Benches and soil block tools doll
Other Fixed Cost Start Cost

Land Rent annual

Total Fixed Cost

Total Cost
Returns
Net Returns over variable cost
Net Returns
*Labor hours are assumed as wages paid to owner operator only, assumes hand weeding, hand harvest, pack,
*Drip irrigation assumes a well is present already and all crops are automatically irrigated by system
*Supplies are miscellaneous expenses such as rope, wire, stakes, and repairs that might be needed throughou
*Market cost assumes the cost of a person at the market for a day for 8 hours and labor to deliver
*Seeding Cost is for transplants of cucurbits, tomatoes, peppers, melons, and okra; all other crops are direct s
in labor and materials at start up
*Gas estimate in row is mileage, mpg, and cost of gas respectively
 ows
w statement. In this example lime was applied last year and pest

Average
Total Season Market Price
Yield per lbs. Total
0 $1.00 $0.00
0 $1.00 $0.00
0 $1.00 $0.00
700 $2.00 $1,400.00
375 $4.00 $1,500.00
1206 $1.00 $1,206.00
320 $2.00 $640.00
1800 $1.00 $1,800.00
300 $2.00 $600.00
2150 $1.50 $3,225.00
1350 $2.00 $2,700.00
0 $1.00 $0.00
0 $0.00 $0.00
2100 $1.50 $3,150.00
840 $3.00 $2,520.00
360 $2.50 $900.00
200 $2.50 $500.00
1350 $1.29 $1,741.50
180 $4.00 $720.00
800 $1.00 $800.00
160 $2.00 $320.00
0 $2.00 $0.00
2000 $2.50 $5,000.00
0 $1.50 $0.00
0 $1.00 $0.00
0 $1.00 $0.00
0 $1.00 $0.00
0 $1.20 $0.00
 630 $2.00 $1,260.00
0 $1.00 $0.00
900 $1.00 $900.00
1725 $2.50 $4,312.50
450 $1.00 $450.00
0 $1.25 $0.00
80 $5.00 $400.00
$36,045.00

Quantity Cost Total

1 $180.00 $180.00
1 $80.00 $80.00
3 $30.00 $90.00
2 $30.00 $60.00
3 $20.00 $60.00
1 $250.00 $250.00
40 $200.00 $8,000.00
1 $1,000.00 $1,000.00
1 $500.00 $500.00
15 $2.00 $4,000.00
4 $25.00 $100.00
1 $856.74 $1,224.07
2065.5 $7.00 $14,458.50
$30,002.57
estimate your cost

Cost Useful Life Total

$ 3,860.00 15 $ 257.33
$ 5,000.00 12 $ 416.67
$ 3,560.00 10 $ 356.00
$ 1,127.62 5 $ 225.52
$ 200.00 5 $ 40.00
$ 300.00 5 $ 60.00
$ 200.00 5 $ 40.00
$ 350.00 5 $ 70.00
$ 600.00 5 $ 120.00
 $ 120.00 3 $ 40.00
$ 350.00 5 $ 70.00
$ 500.00 5 $ 100.00
$ 1,560.00 5 $ 312.00
$ 500.00 5 $ 100.00
$ 18,227.62 Depr. Expense $ 2,207.52

$200.00
$2,407.52

$32,410.10

$6,042.43
$3,634.90
hand weeding, hand harvest, pack, and wash
tically irrigated by system
irs that might be needed throughout the growing season
ours and labor to deliver
and okra; all other crops are direct seeded. Transplaning cost is captured
All items highlighted in yellow should be used along with a production schedule to develop a cash flow. For the purpose
the sample cash flow the slaughter fee was not used because this happens on farm. Also considered is that the farmer
1/3 of the flock at a time after the chickens have reached 2 years of age so pullet cost are distributed over the year.
Chickens are sold to CSA Members as free range naturally raised chickens.

Small Flock Egg Production Budget

Unit Quanity Price

Gross Income
Eggs DZ 1,625 $4.00
Hens Each 65 $4.50
Total

Variable Cost
Pullets Hd 80 $8.00
Feed
Layer Feed 50 LB Bag 166.92 $20.00
Supplies
Electricity
Repairs
Medication and Diagnostic
Marketing
Egg Cartons each 1,625 $0.40
Slaughter fee each 68 $0.00
Labor 0.2 730 $0.00
Total Variable Cost
Fixed Costs Years
Building 3,200 10
Equipment 1,000 5
Fencing 2,374 10
Total Fixed Costs

Total Costs

Returns

Feed costs based on .39 LBS per bird per day

Organic Feed $35per bag 397 bags $13,985
pasture can reduce feed cost 25% for 8-9 months (17%) $970
evelop a cash flow. For the purpose of
Also considered is that the farmer kills
t are distributed over the year.

$6,500.00 31.25 dz per week

$292.50 based on a 4.5LBS at $1LB
$6,792.50

$640.00

$3,338.40 based on 1.75 lbs per week per bird with 20% feed los
$300.00 includes 13lbs per pullet to get to egg laying stage wit

$167.00
$100.00
$500.00
$650.00
$0.00
$0.00
$5,695.40
 320
200
237.4
757.4

$6,452.80

$339.70
ith 20% feed loss,
laying stage with 20% feed loss
High Tunnel Enterprise Budget 5- 4ft beds, 100ft rows, 20'x100' hou
Items highlighted in yellow were used to develop cash flows. For this example the farmer chose t
sweet peppers for the early season and chose to plant cucumbers and lettuce for the late season
last year in this example and the fertilizer left over from the market garden purchases will cover th
tunnel fertilization. Pest Control Cost were only a portion of the $250 allowance given in the budg

Total Season
Receipts/Acre Yield
Kale 0
Cucumbers, long seedless 1080
Lettuce, head** 0
Lettuce, leaf 320
Parsley 0
Peppers, Sweet 533.3333333333
Peppers, Green 0
Spinach 0
Tomatoes 690
Total Receipts

Variable Cost/Acre Unit Quantity

Lime, Applied bags 1
Cover Crops 50lb bags 0
Nitrogen 50lb bags 0.5
Super Phosphate 50lb bags 0.25
Potassium/Potash 50lb bags 0.5
Pest Control allowance 1
*Market Cost (owner at market) days 10
*Supplies allowance 1
Equipment/Vehicle Maint allowance 1
*Gas allowance 1
*Seed-Plant Cost 1
*Owner Labor hours 226
Total Variable Cost
estimate your cost
Fixed Cost/Acre Unit Cost
Tiller + Accessories doll $ 1,000.00
Farm Vehicle doll $ 5,000.00
Cold Room (coolers) doll $ 300.00
*Drip Irrigation System doll $ 250.00
Broad Fork doll $ 30.00
Seeders doll $ 100.00
Rakes, shovels, wheel barrow, etc.. doll $ 200.00
Harvest Cart doll $ 100.00
Wash / Cleaning Station doll $ 500.00
Sprayer doll $ 120.00
Harvest Baskets, scales doll $ 50.00
Benches and soil block tools doll $ 500.00
Other Fixed Cost Start Cost $ 8,150.00

Total Fixed Cost

Total Cost
Returns
Net Returns over variable cost
Net Returns
*Labor hours are assumed as wages paid to owner operator only, assumes hand weeding, hand harvest, p
*Drip irrigation assumes a well is present already and all crops are automatically irrigated by system
*Supplies are miscellaneous expenses such as rope, wire, stakes, and repairs that might be needed throu
*Market cost assumes the cost to the owner if they were at the market for a day for 8 hours and labor to
*Seeding Cost is for transplants of cucurbits, tomatoes, peppers, melons, and okra; all other crops are dir
cost is captured in labor and materials at start up
*Gas estimate in row is mileage, mpg, and cost of gas respectively
*Budget assumes that the high tunnel is not in use during the heat of the summer and house is being solarized
ws, 20'x100' house
mple the farmer chose to plant Tomatoes and
tuce for the late season. The lime was applied
n purchases will cover the needs of the high
wance given in the budget.

Average
Market Price
per lbs. Total
$1.50 $0.00
$2.00 $2,160.00
$1.50 $0.00
$6.00 $1,920.00
$4.00 $0.00
$3.00 $1,600.00
$1.50 $0.00
$2.00 $0.00
$2.99 $2,063.10
$7,743.10

Cost Total
$20.00 $20.00
$80.00 $0.00
$30.00 $15.00
$30.00 $7.50
$20.00 $10.00
$250.00 $250.00
$200.00 $2,000.00
$200.00 $200.00
$100.00 $100.00
$500.00 $500.00
$3.41 $84.05
$7.00 $1,582.00
$4,768.55
 Useful Life Total
15 $ 66.67
12 $ 416.67
10 $ 30.00
5 $ 50.00
5 $ 6.00
5 $ 20.00
5 $ 40.00
5 $ 20.00
5 $ 100.00
3 $ 40.00
5 $ 10.00
5 $ 100.00
Depr. Expense $ 899.33

$899.33

$5,667.88

$2,974.55
$2,075.22
weeding, hand harvest, pack, and wash
y irrigated by system
at might be needed throughout the growing season
y for 8 hours and labor to deliver
kra; all other crops are direct seeded. Transplaning

house is being solarized