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MBC Farms Case Study

MBC Farms Case Study. Location and Enterprises. Located in northwest Indiana Cash grain farm and dairy operation 3,000 acres 1,300 corn 1,300 soybeans 400 specialty corn crops 250 dairy cows Small beef cow herd. Resources. Soils are productive Yields Corn: 150 bu/acre

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MBC Farms Case Study

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  1. MBC Farms Case Study

  2. Location and Enterprises • Located in northwest Indiana • Cash grain farm and dairy operation • 3,000 acres • 1,300 corn • 1,300 soybeans • 400 specialty corn crops • 250 dairy cows • Small beef cow herd

  3. Resources • Soils are productive • Yields • Corn: 150 bu/acre • Soybeans: 47 bu/acre • Specialty corn: 153 bu/acre • Dairy herd is productive • 22,000 hundredweights (cwt) production per year per cow average

  4. The Operation • Mike, 63, general manager • Side insurance business • Never married • Betty, 37, manages dairy operation • Graduated with degree in veterinary medicine • Married, no kids • Craig, 33, manages crop operation • Graduated with degree in agricultural economics • Married, two kids

  5. Farm Assets • Balance sheet organization • Current • Non-current (long term)

  6. Cost and Market Values Cost basis of assets • $2,408,799 Market basis of assets • $4,655,476

  7. Current Liabilities

  8. Noncurrent Liabilities

  9. Owner Equity

  10. Schedule F Revenue

  11. Schedule F expenses

  12. Form 4797

  13. Strategic Business Planning for Commercial Producers

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