Tx Jim
New Member
I just sent the last of my 1st & maybe last cutting of this yr down the rd harvested on 15 acres. I calculated how much $$$$ I made subtracting fert, weed spray, liming & baling. I cleared $475. Woo-Hoo .
Well, you made me feel better anyway. But I need to do another 1800 in fertilizer before my next cut. We got 348 off our 16 acres for squares, like you it’s been dry here this spring….and no one pays $10/bale here it’s all $4-7 for grass, $15 for perineal peanut, or imported alfalfa.Due rain being forecast 200 bales were sold out of field & 200 were mechanically loaded on trailer & put in barn overnight. No rain developed & trailer was off loaded by hay purchaser. 10 acres next to the 15 thats difficult to access with a trailer in tow I rd baled. It made nine 4X5.5 bales. I had $1550 in fert/weed spray/lime with $270 baling added in then subtract 9 X $100 for rd bale income that's a loss of ---$920. These fields normally make 2-3 rd bales per cutting but not without sufficient rainfall. I've had 7.41'' of rain since JAN 1. May is normally the rainiest month of the yr here.
My simple calculations didn't include equipment maintenance,repair,depreciation. I paid my neigbor for cutting & sq baling & I showed $270 for my rd baling.Nothing for equipment maintenance, repair, depreciation? Free fuel and labor?
Or is this just a tax write off?