Financial & Revenue Insight
Clear, real-time visibility into every dollar flowing through your farm operation.
Total Revenue
$12,400,000
Year to Date
Net Income
$7,100,000
57.6% Margin
Cash Balance
$4,495,000
Operating + Savings
Total Assets
$14,200,000
D/E Ratio: 0.27
Revenue by Category
$12.4M
Total
2026
2026
Corn Crops74.8%$9.28M
Soybeans19.4%$2.41M
Carbon Credits3.5%$430k
Gov & Insurance1.4%$174k
Crop Vault0.9%$112k
Total Revenue: $12,400,000
Expense Breakdown
Total Expenses: $5,300,000
Financial Ratios
10.63×
Current Ratio (excellent)
0.27
Debt-to-Asset (strong)
$4,865,000
Working Capital
57.6%
EBITDA Margin
68.6×
Interest Coverage
$7,100,000
Net Farm Income
Profit & Loss Statement
Thornberry Ag Enterprises · Jan 1 – Oct 23, 2026
📈 Income
📉 Expenses
Net Farm Income
$7,100,000
EBITDA$8,240,000
·
Net Margin57.3%
By-Crop Performance
🌽 Corn Primary
Acres2,100
Revenue$12.4M
Yield190 bu/ac
Price$4.92/bu
$/Acre$1,849
57.3% margin
🌱 Soybeans
Acres1,380
Revenue$3.40M
Yield57.2 bu/ac
Price$10.21/bu
$/Acre$1,568
63.5% margin
🌾 Wheat
Acres360
Revenue$0.56M
Yield61 bu/ac
Price$5.84/bu
$/Acre$778
50.0% margin
Field-Level Margin Analysis
| Field | Crop | Acres | Rev/Acre | Cost/Acre | Margin/Acre | Margin % | Performance |
|---|---|---|---|---|---|---|---|
| Petersen NE 400 | Corn | 400 | $939 | $488 | $451 | 48% | |
| North Tract 200 | Corn | 200 | $955 | $498 | $457 | 48% | |
| Petersen SE 480 | Corn | 480 | $944 | $512 | $432 | 46% | |
| Home North 320 | Corn | 320 | $936 | $505 | $431 | 46% | |
| Home South 280 | Corn | 280 | $929 | $519 | $410 | 44% | |
| North Tract 180 | Soybeans | 180 | $784 | $382 | $402 | 51% | |
| Home West 120 | Soybeans | 120 | $767 | $392 | $375 | 49% | |
| North Tract 100 | Wheat | 100 | $572 | $310 | $262 | 46% |
Cash on Hand
$847k
Operating account
Available Credit
$1.7M
of $3.5M line
Harvest Incoming
~$1.91M
Remaining corn est.
Next Major Outflow
$312k
Seed deposit · Nov 15
Cash Flow Oct / Nov Projection
Oct 23–25
+$580,000
Corn Harvest — E400, NW280, Home320
3 fields · ~190 bu/ac · ADM Northwood
Oct 28–31
+$1,330,000
Corn Harvest — Petersen SE480 + NE400
Largest fields · yield maps auto-verify
Nov 1
+$18,300
EQIP Nutrient Mgmt Payment (pending)
Pending approval — Amanda submitting
Nov 1
+$22,100
CSP Annual Payment
USDA NRCS — confirmed disbursement
Nov 15
−$312,000
Pioneer 2027 Corn Seed Deposit
Budget confirmed · Amanda tracking
Nov 18
−$38,000
Farmhand Payroll — Oct final
4 employees + harvest bonus
Nov 25
−$84,000
Anhydrous NH3 — Custom applicator
All corn ground · 2,100 ac @ $40/ac
Dec 1
+$24,700
Farm Bill Conservation Payment
FSA — 2024 Farm Bill program
Projected Inflows (Nov/Dec)+$1,975,100
Projected Outflows (Nov/Dec)−$434,000
Projected Cash Dec 31~$2,388,000
Operating Line Status
First National Bank Ag · Northwood MN
51% utilized
Rate: 7.25% variable
$1.7M available · Healthy position
12-Month Income vs Expenses
Total Assets
$14.2M
All asset classes
Total Liabilities
$3.83M
All obligations
Net Worth / Equity
$10.37M
Owner's equity
Debt-to-Asset
0.27
Strong position
Assets
Current Assets
Cash — Operating Account$847,000
Cash — Savings / Reserves$3,648,000
Grain Inventory (unsold corn)$1,911,000
Accounts Receivable — Grain$284,000
Prepaid Expenses (seed deposits)$312,000
Other Current Assets$48,000
Total Current Assets$7,050,000
Long-Term Assets
Farmland — Home Farm (320 ac)$3,840,000
Farmland — North Tract (500 ac)$4,750,000
Equipment (net of depreciation)$2,180,000
Buildings & Structures$380,000
Total Long-Term Assets$11,150,000
TOTAL ASSETS$18,200,000
Liabilities & Equity
Current Liabilities
Operating Line of Credit$(1,800,000)
Accounts Payable — Inputs$(142,000)
Accrued Payroll$(38,000)
Current Portion — Term Loans$(240,400)
Other Current Liabilities$(22,000)
Total Current Liabilities$(2,242,400)
Long-Term Liabilities
Agricultural Term Loan — Land$(2,100,000)
Equipment Loan — JD 8R 410 + S780$(487,000)
Equipment Loan — Case IH 310 Sprayer$(124,000)
Total Liabilities$(4,953,400)
Owner's Equity
Beginning Equity (Jan 2026)$10,112,000
Net Income YTD$7,100,000
Owner Withdrawals YTD$(3,965,400)
TOTAL EQUITY$13,246,600
Liabilities + Equity$18,200,000 ✓
Total Original Cost
$13.8M
Acquisition cost
Net Book Value
$11.15M
After depreciation
Annual Depreciation
$445k
2026 expense
Equipment LTV
31%
Loans vs FMV
| Asset Description | Purchase Cost | Accum Depr | Net Book Value | Est FMV | Life / Method | Depr % | Status |
|---|---|---|---|---|---|---|---|
| 🚜 Equipment & Machinery — Net Book Value: $2,180,000 | |||||||
| JD 8R 410 Tractor (2022) | $485,000 | $97,000 | $388,000 | $420,000 | 7yr MACRS | 20% | Owned |
| JD S780 Combine (2021) | $612,000 | $175,000 | $437,000 | $480,000 | 7yr MACRS | 29% | Financed · $487k |
| JD S790 Combine (2019) | $580,000 | $248,600 | $331,400 | $360,000 | 7yr MACRS | 43% | Owned |
| Case IH Magnum 420 (2018) | $398,000 | $227,000 | $171,000 | $210,000 | 7yr MACRS | 57% | Owned |
| Case IH 310 Sprayer (2021) | $298,000 | $85,000 | $213,000 | $240,000 | 7yr MACRS | 29% | Financed · $124k |
| JD 6R 145 Tractor (2020) | $224,000 | $80,600 | $143,400 | $165,000 | 7yr MACRS | 36% | Owned |
| Kinze 3700 Planter (2022) | $184,000 | $36,800 | $147,200 | $155,000 | 7yr MACRS | 20% | Owned |
| JD 9900 Tractor (2008) | $142,000 | $142,000 | $0 | $38,000 | 7yr MACRS | 100% | Fully Depr |
| 🌾 Land — $8,590,000 (non-depreciable) | |||||||
| Home Farm — 320 acres (Isanti County MN) | $3,840,000 | — | $3,840,000 | $4,160,000 | Non-depreciable | — | Owned |
| North Tract — 200 acres | $2,200,000 | — | $2,200,000 | $2,450,000 | Non-depreciable | — | Owned |
| River Bottom Parcel — 100 acres | $1,100,000 | — | $1,100,000 | $1,250,000 | Non-depreciable | — | Owned |
| Creek Bottom 35 ac — CRP enrolled | $350,000 | — | $350,000 | $385,000 | Non-depreciable | — | CRP |
| 🏚 Buildings — Net Book Value: $318,880 | |||||||
| Main Equipment Shop (2016) | $280,000 | $112,000 | $168,000 | $210,000 | 39yr Str-Line | 40% | Owned |
| Grain Bins ×3 (2018) | $184,000 | $33,120 | $150,880 | $175,000 | 20yr Str-Line | 18% | Owned |
| TOTALS | $13,845,000 | $(2,695,000) | $11,150,000 | $12,547,000 | Unrealized FMV gain: +$1,397,000 | ||
Equipment Replacement Outlook
JD 9900 Tractor (2008) — High Priority
Est. replacement: $180,000–$220,000
Case IH Magnum 420 (2018) — Medium Priority
Est. replacement: $420,000–$460,000
JD S790 Combine (2019) — Medium Priority
Est. replacement: $660,000–$720,000
📤 Accounts Payable
5 vendors · $142,000 outstanding
Total A/P
$142,000
Outstanding balance
Due This Week
$38,000
Oct 31 deadline
Overdue
$0
All current
Avg Payment Terms
Net 30
Standard terms
| Vendor | Invoice | Due Date | Amount | Description | Status |
|---|---|---|---|---|---|
Pioneer Hi-Bred / Corteva |
INV-2026-10441 |
Nov 15 · Net 30 | $62,400 | 2027 seed deposit (partial) |
Scheduled |
Nutrien Ag Solutions |
INV-2026-09882 |
Oct 30 · Due Soon | $28,600 | Fall anhydrous deposit |
Due Soon |
Helena Agri-Enterprises |
INV-2026-10012 |
Nov 5 · Net 30 | $18,200 | Cover crop seed — rye/radish |
Scheduled |
First National Bank Ag |
LOC-OCT-2026 |
Oct 31 · Monthly | $10,800 | Operating line interest |
Scheduled |
A&L Great Lakes Labs |
INV-2026-08941 |
Nov 10 · Net 30 | $4,800 | Soil testing — 6 fields |
Pending |
📥 Accounts Receivable
5 open invoices · $284,000 outstanding
Total A/R
$284,000
Outstanding
Expected This Week
$121,250
ADM forward settlement
Carbon Credits Due
$13,800
Indigo — verified
Program Payments
$40,400
USDA NRCS + FSA
| Payer | Contract / Program | Expected | Amount | Description | Status |
|---|---|---|---|---|---|
ADM Northwood |
MKT-2026-001 FORWARD |
Oct 25–28 | $121,250 | Corn forward contract settlement — 25,000 bu @ $4.85 |
In Transit |
USDA NRCS — EQIP |
Nutrient Management Practice |
Nov 1 if approved | $18,300 | EQIP practice payment — pending final submission |
Pending Approval |
USDA FSA — CSP |
Conservation Stewardship |
Nov 1 | $22,100 | CSP annual conservation payment — confirmed disbursement |
Confirmed |
Indigo Agriculture |
Regenerative Ag Carbon |
Within 30 days | $13,800 | Year 2 carbon credit verification complete — payment pending |
Verified — Pending Wire |
USDA FSA — Farm Bill |
Conservation Payment |
Dec 1 | $24,700 | 2024 Farm Bill conservation program payment |
Confirmed |
Confirmed Incoming
$240,500
Pending Approval
$43,600
Total Outstanding
$284,000
📊 Margin Manager
Enterprise · By Crop · By Field · What-If scenarios · Banker View
Revenue Breakdown
$12.4M
Enterprise
Total
Total
Corn Crops59.5%$7.38M
Soybeans27.4%$3.40M
Carbon / Data7.2%$0.89M
Wheat + Programs4.5%$0.56M
Other1.4%$0.17M
Expense Stack
Revenue vs Expense Trend — 5 Year
Revenue
Expenses
Avg Rev / Acre
$3,229
Avg Cost / Acre
$1,380
Avg Margin / Acre
$1,849
🌽 Corn Primary
Acres2,100
Revenue$12.4M
Yield190 bu/ac
Price$4.92/bu
$/Acre$1,849
57.3% margin
🌱 Soybeans
Acres1,380
Revenue$3.40M
Yield57.2 bu/ac
Price$10.21/bu
$/Acre$1,568
63.5% margin
🌾 Wheat
Acres360
Revenue$0.56M
Yield61 bu/ac
Price$5.84/bu
$/Acre$778
50.0% margin
| Field | Crop | Acres | Rev/Acre | Cost/Acre | Margin/Acre | Margin % | Performance |
|---|---|---|---|---|---|---|---|
| Petersen NE 400 | Corn | 400 | $939 | $488 | $451 | 48% | |
| North Tract 200 | Corn | 200 | $955 | $498 | $457 | 48% | |
| Petersen SE 480 | Corn | 480 | $944 | $512 | $432 | 46% | |
| Home North 320 | Corn | 320 | $936 | $505 | $431 | 46% | |
| Home South 280 | Corn | 280 | $929 | $519 | $410 | 44% | |
| North Tract 180 | Soybeans | 180 | $784 | $382 | $402 | 51% | |
| Home West 120 | Soybeans | 120 | $767 | $392 | $375 | 49% | |
| North Tract 100 | Wheat | 100 | $572 | $310 | $262 | 46% |
Corn Price ($/bu)
Soybean Price ($/bu)
Corn Yield (bu/ac)
Input Cost Change
Enrolled Acres
Base Margin (Current)
$7,100,000
Upside Scenario (Best Case)
$8,840,000
+$1,740,000 vs base
Sensitivity Analysis — Impact of Individual Changes
🏦 This view is formatted for agricultural lenders. Share with your bank for operating line review.
Key Metrics — 2026 YTD
5-Year Financial Summary
💡 New Revenue Stream: $3,420/mo ($41,040/yr) from FarmOps360 data licensing — recurring non-crop revenue now factored into farm income.
🏦 Ag Banking & Credit
Operating line · Term loans · Cash position · Lender tools
Available Credit
$1.7M
of $3.5M line
Cash on Hand
$847k
Operating account
Harvest Incoming
~$1.91M
Remaining corn est.
Next Major Outflow
$312k
Seed deposit · Nov 15
Operating Line of Credit
First National Bank Ag · Northwood MN
51% utilized
Rate: 7.25% variable
$1.7M available · Healthy position
Cash Flow Oct / Nov Projection
Oct 23–25
+$580,000
Corn Harvest — E400, NW280, Home320
3 fields · ADM Northwood
Oct 28–31
+$1,330,000
Corn Harvest — Petersen SE480 + NE400
Largest fields · yield maps auto-verify
Nov 1
+$40,400
USDA NRCS/EQIP + CSP Payments
Government conservation programs
Nov 15
−$312,000
Pioneer 2027 Corn Seed Deposit
Nov 18–25
−$122,000
Payroll + Anhydrous application
Dec 1
+$24,700
Farm Bill Conservation Payment — FSA
Projected Cash Position Dec 31
~$2,388,000
Term Loans
Agricultural Term Loan — Land
First National Bank Ag · Est. 2018
$2,100,000
Original amount$3,500,000
Rate4.85% fixed
Monthly payment$22,000
Next paymentNov 1
Equipment Loan — JD S780 Combine
John Deere Financial · 2021
$487,000
Original amount$612,000
Rate5.20% fixed
Monthly payment$8,840
Next paymentOct 28
Equipment Loan — Case IH 310 Sprayer
CNH Industrial Capital · 2021
$124,000
Original amount$298,000
Rate5.80% fixed
Monthly payment$4,680
Next paymentOct 31
Loan Summary
Total Debt$2,711,000
Monthly Debt Service$35,520
Annual Interest$120,000
Debt-to-Asset0.27 — Excellent
QuickBooks Online
✓ CONNECTED
Transactions Synced
1,284
All time
Last Sync Duration
2.3 sec
Fast
Sync Frequency
6 hrs
Automatic
Errors
0
All clear
Chart of Accounts Mapping
| FarmOps360 Category | QB Account | Status |
|---|---|---|
| Corn Crop Sales | 4100 Crop Revenue | ✓ |
| Soybean Crop Sales | 4100 Crop Revenue | ✓ |
| Carbon Credits | 4200 Other Revenue | ✓ |
| Gov Program Payments | 4300 Programs | ✓ |
| Seed & Traits | 5100 Seed Expense | ✓ |
| Fertilizer | 5200 Fertilizer | ✓ |
| Chemicals | 5300 Chemical Expense | ✓ |
| Labor & Payroll | 6100 Labor | ✓ |
| Equipment Depr. | 6200 Depreciation | ✓ |
| Fuel & Lubricants | 5400 Fuel Expense | ✓ |
| Land Rent | 5500 Rent Expense | ✓ |
| Crop Insurance | 5600 Insurance | ✓ |
Sync Log
Oct 23 · 6:14 AMFull sync · 12 records✓ OK
Oct 22 · 6:14 AMFull sync · 8 records✓ OK
Oct 21 · 6:14 AMFull sync · 15 records✓ OK
Oct 20 · 6:14 AMFull sync · 6 records✓ OK
Integration Settings
Auto-syncONEvery 6 hours
Sync transactionsON
Sync invoicesON
Sync expensesON
Two-way syncOFFOne-way only
💡 QuickBooks sync is one-directional. FarmOps360 sends data to QuickBooks. Changes made directly in QuickBooks will not automatically reflect here. Update all records in FarmOps360 first.
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