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<blockquote data-quote="backhoeboogie" data-source="post: 902906" data-attributes="member: 3162"><p>The year starts with $20K budget. Each time a nickel is spent, it is deducted. Fertilizer, feed, meds, fuel, hydraulics, lease, tires - everything. Equipment depreciation does not figure in to the budget but it does figure in to income taxes. Most years there are a few nickels left of the budget. </p><p></p><p>I calve year round so I sell pretty much year round. Used to sell some hay too. That all goes into a different tally. It had best be above $20K at the end of the year. Sometimes it is significantly bigger. Maybe I go and buy a new cutter with the extra. Usually buy and lot of T posts, rolls of wire etc regardless. If profit is marginal, I don't buy anything. </p><p></p><p>It works for me. Kind of personal information but I truly don't mind sharing it.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 902906, member: 3162"] The year starts with $20K budget. Each time a nickel is spent, it is deducted. Fertilizer, feed, meds, fuel, hydraulics, lease, tires - everything. Equipment depreciation does not figure in to the budget but it does figure in to income taxes. Most years there are a few nickels left of the budget. I calve year round so I sell pretty much year round. Used to sell some hay too. That all goes into a different tally. It had best be above $20K at the end of the year. Sometimes it is significantly bigger. Maybe I go and buy a new cutter with the extra. Usually buy and lot of T posts, rolls of wire etc regardless. If profit is marginal, I don't buy anything. It works for me. Kind of personal information but I truly don't mind sharing it. [/QUOTE]
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