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Stock No. 11033 AGRICULTURE W.B.A. 129 (6/15/06) AGRICULTURAL FINANCIAL STATEMENT Wisconsin Bankers Association 2006 (Use only for loans made for Agricultural purposes) IMPORTANT: Date and sign statement

How to fill out ag financial statement

How to fill out an AG financial statement:

1. Start by gathering all necessary financial documents, such as bank statements, receipts, invoices, and tax returns.
2. Begin by filling out the basic information section, including the name, address, and contact details of the person or company filing the AG financial statement.
3. Provide information about the farming operation, such as the type of crops or livestock being raised, the size of the farm, and any relevant certifications or licenses.
4. In the income section, list all sources of revenue generated by the agricultural operation, including the sale of crops, livestock, and any government subsidies or grants received.
5. Deduct any expenses related to the farming activities, such as feed costs, equipment purchases or leases, labor expenses, and utility bills.
6. Detail any outstanding loans or debts related to the agricultural operation, including the lender's name, the amount owed, and any repayment terms.
7. Include any assets owned by the farm, such as land, buildings, equipment, or livestock, and their corresponding values.
8. List any liabilities, such as outstanding bills, loans, or mortgage payments.
9. Provide a summary of the financial statement, including the net income or loss for the reporting period.
10. Sign and date the AG financial statement to certify its accuracy.

Who needs an AG financial statement:

1. Farmers and agricultural businesses who are required by law or regulations to provide financial statements to government agencies, lenders, or investors.
2. Financial institutions that are considering providing loans or other financial services to farmers or agricultural businesses may request an AG financial statement to assess their creditworthiness.
3. Government agencies or organizations that provide grants or subsidies to farmers or agricultural businesses may require an AG financial statement to determine eligibility and assess the financial feasibility of the operation.
4. Individuals or entities looking to invest in or purchase an agricultural operation may request an AG financial statement to evaluate its financial performance and potential profitability.

For pdfFiller’s FAQs

What is ag financial statement?

An ag financial statement is a document that provides a detailed summary of the financial activities and health of an agricultural business.

Who is required to file ag financial statement?

Agricultural businesses, including farms, ranches, and other related enterprises, are required to file an ag financial statement.

How to fill out ag financial statement?

To fill out an ag financial statement, you will need to gather financial data such as income, expenses, assets, and liabilities, and then organize this information into the required format.

What is the purpose of ag financial statement?

The purpose of an ag financial statement is to provide a clear and accurate picture of the financial position and performance of an agricultural business.

What information must be reported on ag financial statement?

Information such as income, expenses, assets, liabilities, and equity must be reported on an ag financial statement.

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