Farming Expense Categories
These farming expenses are in addition to “regular” business expense categories.
Containers and twine
Fertilizers and lime
Pesticides (herbicides, insecticides, fungicides)
Seeds and plants
Feed, supplements, straw, and bedding
Livestock purchased
Veterinary fees, medicine, and breeding fees
Machinery repairs, licenses, and insurance
Machinery gasoline, diesel, and oil
Building and fence repairs and maintenance
Clearing, leveling, and draining land
Crop insurance, Revenue Protection Program, and stabilization premiums
Custom or contract work, including machine rentals
Electricity (farm portion only: barns, waterers, etc.)
Heating and curing fuel
Insurance program overpayments recapture
Small tools
Mandatory inventory adjustment included in prior year
Optional inventory adjustment included in prior year
