MBC Farms Case Study Purdue AgricultureMBC的案例研究普渡农场农业.pptVIP

Case Farm Strategic Business Planning for Commercial Producers ? Purdue University, Center for Food and Agricultural Business, 2002 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 Soybeans: 47 bu/acre Specialty corn: 153 bu/acre Dairy herd is productive 22,000 hundredweights (cwt) production per year per cow average 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 Farm Assets Balance sheet organization Current Non-current (long term) Cost and Market Values Cost basis of assets $2,408,799 Market basis of assets $4,655,476 Current Liabilities Noncurrent Liabilities Owner Equity Schedule F Revenue Schedule F expenses Form 4797 Strategic Business Planning for Commercial Producers * Strategic Business Planning for Commercial Producers 0 0 Contributed capital 1,287,360 1,287,360 Retained earnings $4,655,476 $2,408,799 Total assets 3,534,037 1,287,360 Net Worth 2,246,677 ---------- Valuation equity Equity 1,121,439 1,121,439 Total farm liabilities Market Cost This material provides a brief overview of MBC Farms, the case problem for this course. We suggest that you locate the printed materials so that you can review these materials as a part of this overview. Slightly more than half (1,800 acres) of the acreage is owned by people in the partnership. The remainder is rented for cash. There is a full line of machinery for the operation. MBC Farms is located in Jasper county, Indiana. The county average for the last five years for corn was 139 bushels/acre. Soybeans averaged 43 bu/ac. Dairy production on medium sized