programme teagasc farm and household cash planning book · teagasc farm and household cash planning...
TRANSCRIPT
Teagasc Farm and Household Cash Planning Book
Year
Rural Economy & Development Programme
1
2
3
4
5
6
7
8
9
How to use this workbook
What is cash flow?
This money management workbook has been designed to help you to
manage your finances in a structured fashion. The workbook is divided
into two sections, one for the farm and the other for the farm household.
Introduction
Record all farm receipts each month in the farm receipts section
Record all farm payments each month in the farm payments section
Record all farm investments each month
Record all farm livestock movements each month
Record all household receipts each month
Record all houshold expenditure each month
Transfer all the monthly totals to the summary page inside the back cover
Use the data recorded to make a basic budget for the next year
Use the farm data recorded over the year to complete a Teagasc eProfit
Monitor to measure your farms performance for the year
Teagasc Farm and Household Cash Planning Book – �
Monthly stock table 2
Farm Receipts and Payments Categories (inside cover) 3
Farm Receipts 4 to 27
Farm Payments / Costs 28 to 51
Farm Investments , Stock Purchases & Bank Repayments 52 to 57
Household Income 58 to 63
Household Expenditure 64 to 75
Regular Payments Worksheet 76
Annual Summary and Farm Financial Budget for next year 77
Farm and Family household Income Summary 78
Household Expenditure Categories 79
Table of Contents
� – Teagasc Farm and Household Cash Planning Book
Stock Type Start Jan End Jan End Feb End Mar End Apr End May End Jun End Jul End Aug End Sep End Oct End Nov End Dec
Total
(Jan- Dec)
Average
No's
(total/12)
Dairy Cows
Suckler Cows
Stock Bulls
Dairy Repl Heifers 0-1 yrs
Dairy Repl Heifers 1-2 yrs
Dairy Repl Heifers 2+ yrs
Cattle 0-1 yrs
Cattle 1-2 yrs
Cattle 2+ yrs
Total No. Cows & Cattle
Opening Total Sales
Add Births Add Deaths
Add Purchases Add Private use
Closing stock
Total A Total B
Stock Type Start Jan End Jan End Feb End Mar End Apr End May End Jun End Jul End Aug End Sep End Oct End Nov End Dec
Total
(Jan- Dec)
Average
No's
(total/12)
Ewes
Rams
Stores / Hoggets
Total No. Sheep
Opening Total Sales
Add Births Add Deaths
Add Purchases Add Private use
Closing stock
Total A Total B
Sheep Reconciliation Table (A must equal B)
Monthly Stock Tables
Cattle Reconciliation Table (A must equal B)
Complete the reconciliation
tables at the end of the
year
Teagasc Farm and Household Cash Planning Book – �
Farm Receipts Variable costs Fixed Costs Stock Purchases
(Pages 4 -27) (Pages 28-51) (Pages 28-51) (Pages 54 - 59)
Milk Sales Purchased Concentrate Labour Purchase Cows (Dairy)
Calf Sales (Dairy) Purchased Forage Machinery (Running) Purchase Bulls
Cow Sales (Dairy) Straw Machinery (Leases) Purchase Repl.'s (Dairy)
Repl. Sales (Dairy) Fert. & Lime Car (Farm Share) Purchase Cattle
Bull Sales Vet Electricity (Farm Share) Purchase Sheep
Cow Sales (Suckler) AI/ Breeding Phone (Farm Share)
Cattle Sales Contractor Repairs & Maint.
Ewe & Ram Sales Seed & Spray Insurance Bank / Loan Repayments
Lamb Sales Milk Rec. & Parlour Professional Fees (Pages 54 - 59)
Wool Sales Silage Polythene & Additive Sundry Fixed Costs Bank Chg. /OD /Merch Int.
Crop 1 Sales _____________ Levies & Transport - water charges, rates Loan Repayments (Existing Loan)
Crop 2 Sales _____________ Sundry V. Costs Land Lease/ Rental Loan Repayments (New Loan)
Crop 3 Sales _____________ - entitlements leased
Crop 4 Sales _____________
Crop 5 Sales _____________ Investments
Crop 6 Sales _____________ (Pages 54 - 59)
Crop 7 Sales _____________ New Buildings (Net)
Direct Payments New Machinery (Net)
New Loan Into Bank a/c Farm Reclaimation (Net)
Other Farm Receipt 1 Purchase Land
Other Farm Receipt 2
Other Farm Receipt 3
Other Farm Receipt 4
Farm Receipts and Payment Categories
Notes
Notes
� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Jan-20 800 800
Farm Receipts for January
Totals (transfer to summary page)
Description
(Example) cull cow to ABP
Teagasc Farm and Household Cash Planning Book – �
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan + Feb)
Farm Receipts for February
Description
Teagasc Farm and Household Cash Planning Book – �
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - March)
Farm Receipts for March
Description
Teagasc Farm and Household Cash Planning Book – �
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�0 – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - April)
Farm Receipts for April
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - May)
Farm Receipts for May
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - June)
Farm Receipts for June
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - July)
Farm Receipts for July
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - August)
Farm Receipts for August
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�0 – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - September)
Farm Receipts for September
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan -October)
Farm Receipts for October
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - November)
Farm Receipts for November
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Date Total Milk Sales
Calf Sales
(Dairy)
Cow Sales
(Dairy)
Repl.
Sales
(Dairy) Bull Sales
Cow Sales
(Suckler)
Cattle
Sales
Ewe &
Ram Sales
Lamb
Sales
Wool
Sales
Total (transfer to summary page)
Cumulative totals (Jan - December)
Farm Receipts for December
Description
Teagasc Farm and Household Cash Planning Book – ��
Crop 1 Crop 2 Crop 3 Crop 4 Crop 5 Crop 6 Crop 7
Direct
Payments
New Loan
Into Bank
a/c
Other
Farm
Receipt 1
Other
Farm
Receipt 2
Other
Farm
Receipt 3
Other
Farm
Receipt 4
Crop Sales (Insert crop name)
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for January
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Coop December invoice Cheque 2Jan-25 2500 2000 500
Total (transfer to summary page)
Coop December invoice Cheque 2
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farmshare)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�0 – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for February
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan + Feb)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for March
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan, Feb & March)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farmshare)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for April
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - April)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farmshare)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
Land/ Lease
or
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for May
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - May)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farmshare)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for June
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - June)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farmshare)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�0 – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for July
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - July)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for August
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - August)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for September
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - September)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for October
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - October)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for November
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - November)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�0 – Teagasc Farm and Household Cash Planning Book
Variable CostsFarm Costs for December
DescriptionDate Total
Purchased
Concentrate
Purchased
Forage Straw
Fertiliser and
Lime Veterinary
AI / Breeding
Contractor
Seedand
SprayDescription
Cumulative totals (Jan - December)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Fixed CostsM
ilk Recording
&Parlour
SilageAdditive
&Polythene
Levies &
Transport
Sundry Var.
Costs Labour
Machinery
(Running)
Machinery
(Leases)
Car (farm
share)
Electricity
(farmshare)
Phone(farm
share)
Repairs &
Maintenance
Insurance
ProfessionalFees
Sundry FixedCosts
LandLease/
Rental
�� – Teagasc Farm and Household Cash Planning Book
Bank Payments
Description
Stock Purchases InvestmentsJanuary/February
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
tractor paymentJan-23 3000 3000tractor payment
Cumulative totals (Jan & Feb)
Feb. Total (transfer to summary page)
Jan. Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Description
Stock Purchases InvestmentsMarch/ April Bank Payments
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
Cumulative totals (Jan - April)
April Total (transfer to summary page)
March Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Description
Stock Purchases Investments Bank PaymentsMay /June
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
Cumulative totals (Jan - June)
June Total (transfer to summary page)
May Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Description
Stock Purchases Investments Bank PaymentsJuly / August
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
Cumulative totals (Jan - Aug)
August Total (transfer to summary page)
July Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Description
Stock Purchases InvestmentsSept / October Bank Payments
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
Cumulative totals (Jan - Oct)
Oct. Total (transfer to summary page)
Sept. Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Description
Stock Purchases InvestmentsNov / December Bank Payments
Date Total
PurchaseCow
s (Dairy)
PurchaseBulls
PurchaseRepl.'s (Dairy)
PurchaseCattle
PurchaseSheep
NewBldgs &
Reclamation
(Net)
NewM
achinery (Net)
PurchaseLand
Other Investment
____________________
Bank Charges,
Overdraft andM
echant
Interest
LoanRepaym
ents
(Existing Loans)
LoanRepaym
ents
(NewLoans)Description
Cumulative totals (Jan - Dec)
Dec. Total (transfer to summary page)
Nov. Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Income (January & February)Capital IntroducedRegular Income
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
28007-Jan child benefit 280280
Cumulative totals (Jan - Feb)
January Total (transfer to summary page)
February Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Income (March & April)Regular Income Capital Introduced
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
(rents andleases)
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
Cumulative totals (Jan - April)
March Total (transfer to summary page)
April Total (transfer to summary page)
�0 – Teagasc Farm and Household Cash Planning Book
Household Income (May & June)Regular Income Capital Introduced
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
Cumulative totals (Jan - June)
June Total (transfer to summary page)
May Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Income (July & August)Regular Income Capital Introduced
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
Cumulative totals (Jan - August)
August Total (transfer to summary page)
July Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Income (September & October)Regular Income Capital Introduced
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
Cumulative totals (Jan - Oct)
October Totals (transfer to summary page)
September Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Income (November & December)Regular Income Capital Introduced
Date
Description
(farm income not to be included here) Total
Farmdiversification
income
Off-farmem
ployment
&Casual Labour
Social Welfare
&Child
Benefit
Pensions &Dividend
income
Interest income
Income
fromproperty
Other regular income
_______________
Newborrow
ing
Saleof assets
Fromsavings
Inheritanceor Gift
Cumulative totals (Jan - Dec)
December Total (transfer to summary page)
November Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Expenditure for January
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Supervalu- groceriesJan-05 150 150Supervalu- groceries
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for February
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Feb)
Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Expenditure for March
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Mar)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for April
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Apr)
Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Expenditure for May
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - May)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for June
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - June)
Total (transfer to summary page)
�0 – Teagasc Farm and Household Cash Planning Book
Household Expenditure for July
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - July)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for August
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Aug)
Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Expenditure for September
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Sept)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for October
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Oct)
Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Household Expenditure for November
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Nov)
Total (transfer to summary page)
Teagasc Farm and Household Cash Planning Book – ��
Household Expenditure for December
DescriptionDate Total
Household
Education /
Childcare
Entertainment
Health
Utilities
(householdshare)
Fuel
Transport
Savings /
investments
Repayments /
finance
Capital
expenditure
Other personal
/ householdDescription
Cumulative Total (Jan - Dec)
Total (transfer to summary page)
�� – Teagasc Farm and Household Cash Planning Book
Description
Regular
Repayment
Amount
Payment
Frequency
Starting
Month January February March April May June July August Sept October Nov Dec
Tractor Loan (Example) 3,000.00 half yearly January 3000 3000
Regular Repayment Worksheet
Total Repayments in each Month
RECEIPTS This Year Next Year PAYMENTS This Year Next Year STOCK PURCHASES / INVESTMENTS This Year Next YearMilk Sales Purchased Concentrate Purchase Cows (Dairy)
Calf Sales (Dairy) Purchased Forage Purchase Bulls
Cow Sales (Dairy) Straw Purchase Repl.'s (Dairy)
Repl. Sales (Dairy) Fert. & Lime Purchase Cattle
Bull Sales Vet Purchase Sheep
Cow Sales (Suckler) AI/ Breeding New Bldgs & Reclamation (Net)
Cattle Sales Contractor New Machinery (Net)
Ewe & Ram Sales Seed & Spray Purchase Land
Lamb Sales Milk Rec. & Parlour Other Investment
Wool Sales Silage Polythene & Additive Total Investments C
Crop 1 Sales _____________ Levies & Transport PERSONAL/ NON-FARM This Year Next YearCrop 2 Sales _____________ Sundry V. Costs Drawings (Living Expenses)
Crop 3 Sales _____________ Labour (Stock)
Crop 4 Sales _____________ Machinery (Running) Total Drawings D
Crop 5 Sales _____________ Machinery (Leases)
Crop 6 Sales _____________ Car BANK /LOAN REPAYMENTS This Year Next YearCrop 7 Sales _____________ Electricity Bank Chg. /OD /Merch Int.
Basic Farm Payment & Greening Phone Loan Repayments (Existing Loan)
AEOS / GLAS Payment Repairs & Maint. Loan Repayments (New Loan)
ANC payment Insurance Total Bank Repayments E
YFS payment Professional Fees
New Loan Into Bank a/c Sundry Fixed Costs Net Farm Cash Flow (A-B-C-D-E)
Other Farm Receipt 1 Land Lease/ Rental
Other Farm Receipt 2 Other Farm Payment 1
Other Farm Receipt 3 Other Farm Payment 2
Other Farm Receipt 4 Total Payments B
Total Receipts A
Transfer all cumulative totals (Jan- Dec) from each farming heading to this page.This page can also be used to complete a Teagasc eProfit Monitor to measure the performance of the farm business.Use the information from the last year and the Teagasc eProfit Monitor results to make a budget for the coming year.
Annual Summary and Farm Financial Budget for Next Year 20__
�� – Teagasc Farm and Household Cash Planning Book
Farm Receipts Farm Costs Farm
Investments
Farm Cash
Balance
Drawings Household
Income
Household
Payments
Household Cash
BalanceInsert Totals from
Farm Receipts
(pages 2 -24)
Insert Totals from
Farm Costs (pages
26 - 48)
Insert Totals from
Farm Investments
(pages 50 - 55)
Calculate
A-B-C
How much money
did you transfer
as drawings from
the farm to the
house?
Insert Totals from
Household
Income
(pages 56 - 61)
Insert Totals from
Household
Payments
(pages 62 - 73)
Calculate E+F-
G
A - B - C = D E + F - G = I
Example 800 2500 3000 -4700 0 280 150 130
January
February
March
April
May
June
July
August
September
October
November
December
Totals
Family Farm & Household Income Summary
Teagasc Farm and Household Cash Planning Book – ��
Household Education / Childcare Entertainment HealthGroceries Childcare Drink InsuranceClothing / footwear Fees Ciagarettes DoctorHome Insurance Books Holidays DentistMisc. small goods / appliances Accommodation Dining out MedicationPainting / decorating Travel Cinema Other __________________Repairs Other education expenses Events Other __________________Garden Other __________________ Newspapers etc. Other __________________Gifts / donations Other __________________ Lotto Other __________________Taxation Other __________________ Hobbies / Sport Other __________________Other __________________ Other __________________ Other __________________ Other __________________Other __________________ Other __________________ Other __________________ Other __________________
Utilities (less farm share) Fuel Transport (less farm share) Savings / investmentsElectricity Oil Insurance Life AssuranceTelephone (land line / internet) Coal Tax Pension fundMobile phones Turf Petrol / Diesel Savings schemeTelevision (Sky etc.) Wood Maintenance InvestmentsWater Gas Repairs Other __________________Waste Other __________________ Parking Other __________________Natural Gas Other __________________ Other __________________ Other __________________Other __________________ Other __________________ Other __________________ Other __________________Other __________________ Other __________________ Other __________________ Other __________________
Repayments / finance Capital expenditure Notes Notes
Mortgage payments New carBank charges, overdraft FurnitureTaxes (eg income / LPT) Household appliancesOther Loans_____________ Home extensionOther __________________ Family eventsOther __________________ Other __________________
Household Expenditure Categories
�� – Teagasc Farm and Household Cash Planning Book
Contact Details:Head Office, Oak Park, Carlow, IrelandTel: +��� (0) �� ���0�00Fax: +��� (0) �� ����0��Email: [email protected]