Welcome, visitor! [ Register | LoginRSS Feed

About RandallUpchurch

Description

Randall Upchurch grew up on a poultry and cattle farm in Lineville, AL. His family has been in the poultry business for over 50 years.

Ads / Latest items listed
20170725_090642
 

$450,000.00

Green Hill Farm, Two House Breeder Farm in Randolph County

Green Hill Farm is a two house breeder hen farm located near Woodland, AL. This farm has two 40x425 (425’ of production space) houses that were built in 2000. T...

447 total views, 12 today

DCIM100MEDIADJI_0063.JPG
 

$475,000.00

Four House Broiler Farm in Barbour County, AL

F&J Farms is a four house broiler farm located in Clio, AL in Barbour County. This farm has 4 40×500 believed to be built in the late 1990s. Thi...

422 total views, 2 today

 

$1,375,000.00

Wilks Poultry-Four House Broiler Farm in Dekalb County

Wilks Farm is a four house Broiler Farm near Fyffe, AL in Dekalb County. This farm has 2 56x600 built in 2015 and 2 40x400 that were updated in 2015. This farm ...

672 total views, 6 today

 

$650,000.00

Three House Broiler Farm in Floyd County, GA

Cave Springs Farm is a three house broiler farm on 95+/- acres in Floyd County, Georgia. The farm has 40x500 houses of which two were built in the early 1990s a...

386 total views, 3 today

DCIM100MEDIADJI_0085.JPG
 

$689,000.00

PRICE REDUCED!!! Four House Broiler Farm in Cullman County-Tucker Poultry F...

Tucker Poultry is a four house broiler farm located in the Baileyton area of Cullman County. This farm has four houses that are 40'x400', three were built in 20...

1634 total views, 4 today

 

$500,000

Four House Broiler Farm in Pike County

Castillo Banks Farm is a four house broiler farm located in Pike County, AL. This farm has 2 40x400 that are believed to be built in the early to mid 1990s and ...

640 total views, 2 today

 

$310,000.00

Two House Broiler Farm in Walker County, AL

Jenkins Farm is a two house broiler farm on 33+/- acres of land. The poultry houses are 40x500 built in 1998. Currently this farm is contracted with MarJac ...

1042 total views, 5 today

2017-01-03-12-51-43
 

$659,000.00

5 House Broiler Farm in Carroll County, GA

Indian Creek Farm is a 5 house broiler farm located in Carroll County, GA near Bowdon. This farm grows for Pilgrims out of the Carrollton Complex raising a 3.8l...

3410 total views, 3 today

img_6002
 

$999,000.00

Sale Pending!!4 House Broiler Farm in Cherokee County

Sale Pending! Martin Poultry is a four house Broiler Farm located in Cherokee County, AL. The farm consists of 4-40x500 houses built in 2006 on 40+/- acres o...

2889 total views, 3 today

2016-11-14-12-02-49
 

$1,285,000.00

8 House Broiler Farm in Marion County, AL

Stults Farm is an 8 House Broiler Farm located in Marion County, AL. This farm has 8 40x400 houses that were built in 2003. They currently grow for MarJac Farms...

5202 total views, 6 today

Page 1 of 21 2
Posts / Recent blog posts

Gross Income vs Net Income on Poultry Farms

| Farm Cash Flow Blog | August 17, 2017

Through marketing poultry farms, we get the opportunity to review farm’s financial information. This will include income, expenses, and mortgage payments. Often times we advertise a Gross Income for a farm. Sometimes there is confusion on Gross Income versus Net Income. Past that many buyers may ask “What will my Net Income be for this farm?”. Most of the time as an agent we cannot answer that question. Net incomes will be a moving target that is based mainly on the lenders assignment or minimum payment. Then management styles from producer to producer will differ greatly. That will result in variables in expenses like Power, Water, and Gas for Heating.

Gross Income refers to the total amount that the producer is paid from the Integrator. This will be the amount stated on the IRS Form 1099 issued at the end of the tax year. Every penny paid to the producer will be reflected on the 1099. From the gross income, in most cases, the producer will pay Power, Water, Heating Gas, Maintenance, Insurance, Labor, and other expenses related to owning a farm. The bulk of the Gross Income will be paid to the lender in the form of an assignment payment. Depending on the type of farm, the lender involved, and the buyer’s financial status, assignments can range from 45-65% of the Gross Annual Income. If the farm produces $200,000 of Gross Annual Income and the lender has a 50% assignment, the producer will pay around $100,000+/- in principal and interest annually. The remaining $100,000.00 is the amount the producer will pay the production expenses from. There are no set percentages that will accurately calculate the expenses for a farm. Each farm and producer will operate at different levels of expense. For example if the total annual expenses for the farm were 30%, that would be $60,000 in expenses. The Net Income will be $40,000.00. These are just examples to give you an idea of how to figure the Net Income.

When it comes to taxes there are multiple factors that a producer can use to lower their taxable income level. We encourage everyone to seek the guidance of an experienced accountant.

Please feel free to contact me if you have any questions about the cash flow of a farm. We will provide you the information we have about a farm. We can also refer you to a qualified group of lenders that can discuss your situation and the farm you are considering.

Thanks,

Randall Upchurch

Farm Agent

Southeastern Land Group

256-239-5379

randall@selandgroup.com

419 total views, 40 today