Interest Expense Paid on Debts — Report all interest expenses paid 

 in 1 987 for the farm business. Include interest on loans secured by 

 land and buildings (real estate) in item 1 2a. Include all loans not 

 secured by real estate such as for fertilizer, feed, and seed in item 1 2b. 

 Include interest paid on CCC loans. Do not include interest associated 

 with activities not related to production of crops or livestock on "this 

 place" such as land or buildings rented to others, packing sheds, or 

 feed mills that provide services to others. Do not include interest on 

 owner/operator dwelling \A/here amount is separated from interest on 

 other land and buildings on "this place." 



Cash Rent Paid for Land and Buildings In 1987 — Report rent paid 

 in cash during 1 987 for land and buildings in "this place." Do not 

 include rent paid for operator dwelling or other nonfarm property. Do 

 not include the value of shares of crops or livestock paid to landlords. 



Property Taxes Paid — Include real estate property taxes you 

 paid on the acres and buildings you operated and used in the farm 

 business. 



Do not include: 



a. Property taxes on land or buildings rented to someone else 



b. Taxes paid by landlords 



c. Property taxes paid on other property not associated with the 

 farm business 



d. Income and excise taxes 



All Other Production Expenses — Farm production costs not 

 previously listed should be reported here. In addition to items listed 

 on the report form, include bookkeeping charges, tax preparation 

 fees, postage, advertising, commission for sale of cattle, and fees 

 paid for farm-related advice or for farm consultants. Do not include 

 depreciation or expenditures for the purchase of land and buildings 

 or nexw or used machinery. 



► Section 24 — COMMERCIAL FERTILIZER AND LIME 



Report acres on which commercial fertilizer (items 1 and 2) or lime 

 (item 3) was applied during 1 987. If any acreage was fertilized or 

 limed more than once, report acres ONLY ONCE in each item. Report 

 expense for commercial fertilizer purchased, excluding lime, in section 

 23, item 4. 



► Section 26 — MACHINERY AND EQUIPMENT 



The estimated market value in item 1 refers to ALL machinery and 

 equipment kept primarily on"thi3 place" and used for the farm 

 business. Report the value in its present condition, not the 

 replacement or depreciated value. Specialized equipment, which 

 is an integral part of a building, should be included as a part of the 

 value of land and buildings. 



► Section 27 — ESTIMATED CURRENT MARKET VALUE OF 



LAND AND BUILDINGS 



The value for each of the three listed categories should be your 

 estimate of the value of the land and buildings if they were sold in 

 the current market. The real estate tax assessment value should 

 not be used unless that value represents a full market value 

 assessment and the land and buildings could reasonably be 

 assumed to be sold at that price. Do not deduct real estate 

 marketing charges from your estimate. Report the total value, 

 not the value on a per acre basis. 



► Section 28 — INCOME FROM FARM — RELATED SOURCES 



IN 1987 



Item 1 through 4 refer only to those income producing activities 

 for which you use part of the land, machinery, equipment, labor, 

 or capital normally used on "this place," and which you do not 

 consider as entirely separate from your farming activities. Report 

 gross amounts received before taxes and expenses. 



Item 1 — Customwork — Do not report income for customwork 

 or agricultural services provided to others if operated as an 

 entirely separate business from your agricultural operations. 



Item 2 — Rental Income — Do not include rental income from 

 nonfarm property. 



Item 3 — Forest Products — Include only those forest products 

 or Christmas trees cut from "this place," not items cut from other 

 nonfarm timber acreage. Do not include income from saw mill 

 business. 



Item 4 — Other Farm-Related Income — Include income from 

 hunting leases, fishing fees, and other recreational services, sales 

 of farm by-products, and other business or income closely related 

 to the agricultural operation on "this place." Include dividends for 

 business done with farmer-owned cooperatives. Do not enter 

 previously reported farm sales or income from investments not 

 associated with the farm. Do not include retirement pensions or 

 social security benefits received. 



1987 CENSUS OF AGRICULTURE 



APPENDIX D D-9 



