Farming Income & Expenses Statement Owner Name/s: ___________________________________ Owner ID: ______________

Owner Name/s: ___________________________________
Owner ID: ______________
Tenant’s Name (if property farmed by tenant): ______________________________________
Farming Income & Expenses Statement
Actual Revenue
2013
SALES
Livestock
Projected
2014
Projected
2015
Projected
2016
$
$
$
$
$
$
$
$
(from “Livestock Production Plans”)
Crops / Vegetables
(from “Crop Production Plans”)
Trees (ornamentals, Christmas, etc.)
Other farming income (specify):
TOTAL CASH REVENUE
Actual Expenses
2013
EXPENSES
Projected
2014
Projected
2015
Projected
2016
Livestock Purchased
Feed, Supplements
Vet, Breeding Fees
Seeds, Plants
Fertilizers, Lime, etc.
Planting, Pruning, etc.
Pesticides
Clearing, Levelling, Draining Land
Building, Fence Repairs
Gasoline, Diesel Fuel & Oil
Other (please specify):
$
$
$
$
TOTAL EXPENSES
$
$
$
$
If year-end not Dec. 31, please advise
For Office Use Only GFIE Decision Reviewed By: Please include a cover letter or supporting info about your farming business. For new farmers: www.ontario.ca/newfarmer email: farmtax.omafra@ontario.ca
Page 1 of 4
Owner Name/s: ____________________________
Owner ID: ____________________
Tenant’s Name (if property farmed by tenant): ______________________________________
Livestock Production Plans
Actual Sales
as of Dec. 31, 2013
Livestock/
Commodity
Produced
(cattle, sheep,
milk, eggs, etc.)
# of
animals/
units
Projected Production
2014
Total
Sales
Opening
Inventory
Jan. 1/14
(# of animals/
units)
# of animals
to be born/
units to be
produced
# of
animals
to be
purchased
# of
deaths
# for
home use
# of
animals/
units to be
sold
$
Value per
animal/
unit sold
Total
Sales
Ending
Inventory
Dec. 31/14
(# of animals/
units)
$
$
Projected Production
2015
Livestock/Commodity
Produced
Opening
Inventory
Jan. 1/15
# of animals
to be born/
units to be
produced
# of
animals
to be
purchased
# of
deaths
# for
home use
# of animals/
units to be
sold
Value per
animal/unit
sold
Total
Sales
Ending
Inventory
Dec. 31/15
(# of animals/
units)
$
$
Projected Production
2016
Livestock/Commodity
Produced
Opening
Inventory
Jan. 1/16
# of animals
to be born/
units to be
produced
# of
animals
to be
purchased
# of
deaths
# for
home use
# of animals/
units to be
sold
Value per
animal/unit
sold
Total
Sales
Ending
Inventory
Dec. 31/16
(# of animals/
units)
$
$
Please include a cover letter or supporting info about your farming business. For new farmers: www.ontario.ca/newfarmer email: farmtax.omafra@ontario.ca
Page 2 of 4
Owner Name/s: ____________________________
Owner ID: ____________________
Tenant’s Name (if property farmed by tenant): ______________________________________
Crop Production Plans
Actual Production
as of December 31, 2013
Crop/vegetable/fruit
1
for sale
Acres2
Projected Production
2014
Total
Sale
Acres
2
Yield
per acre3
Projected Production
2015
Value
per unit
$
Total
Sale
$
Acres
2
Yield
per acre3
Value
per unit
Total
Sale
$
For farm use (e.g. feed)
Projected Production
2016
Crop/vegetable/fruit
1
for sale
Acres2
Yield
per acre3
Value
per unit
Total
Sale
$
For farm use (e.g. feed)
1
2
3
Please enter type of crop
Please enter # of acres or area to be planted (e.g. acres for field crops, square ft for greenhouses)
Enter projected yield per acre or per area
Please include a cover letter or supporting info about your farming business. For new farmers: www.ontario.ca/newfarmer email: farmtax.omafra@ontario.ca
Page 3 of 4
Ministry of Agriculture
and Food
Ministry of Rural Affairs
Ministère de l’Agriculture
et de l’Alimentation
Ministère des Affaires rurales
4th Floor
1 Stone Road West
Guelph, Ontario N1G 4Y2
Tel:
519 826-4047
Toll free: 877 424-1300
Fax:
519 826-3170
4e étage
1 Stone Road West
Guelph (Ontario) N1G 4Y2
Tél. :
519 826-4047
Sans frais: 877 424-1300
Téléc. : 519 826-3170
RURAL PROGRAMS BRANCH, FINANCE UNIT
OWNER NAME(S):
OWNER ID #:
__________________________
__________________________
TENANT FARMER: (if property farmed by tenant) ______________________________________________
TREE QUESTIONNAIRE
1. What is the nature of your tree farm: Christmas trees, ornamental trees, fruit trees, etc. ________________________
_____________________________________________________________________________________________
2. When did you start planting trees? _________ No. of trees currently planted ______ Total acreage in use _________
3. What type of trees and how many of each type of trees will be planted in
2014
# and
type of
trees
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
2015
acres
# and
type of
trees
acres
2016
# and
type
of trees
acres
2017
# and
type of
trees
acres
2018
# and
type of
trees
acres
2019
# and
type of
trees
acres
Do you have a weed control management practice? _____ Please explain. _________________________________
For risk management, do you have a fireguard barrier? ________________________________________________
Will you be shearing and pruning the trees? If so, how often and when will you start? _______________________
Do you have a business plan (crop production, marketing, harvesting) in place? ____________________________
Please explain. _______________________________________________________________________________
What do you do to avoid damages from Wildlife? _____________________________________________________
Has the soil been tested for type of trees selected? ___________________________________________________
When will you harvest the first planted trees? _______________________________________________________
Are you a member of the Christmas Tree Farmers of Ontario (CTFO)? ___________________________________
Will you be replacing trees that will be harvested? ____________________________________________________
How many trees will be sold on a yearly basis? ______________________________________________________
What is the current price per tree? ________________________________________________________________
How many pounds/kilos of each of fruit will you be selling? Apples ________ Pears ______ Others __________
What is the current price per pound/kilo for each fruit/nut? ______________ ______________ _______________
If you have workable land not planted in trees, how is land used? ________________________________________
____________________________________________________________________________________________
If trees planted for lumber purposes, please contact Ontario Woodlot Association at 1-888-791-1103 or Ontario Forestry Association
at 1-800-387-0790 to inquire about Managed Forest Tax Incentive Program.
Please include a cover letter or supporting info about your farming business.
For new farmers: www.ontario.ca/newfarmer
Page 4 of 4