[XLS]Guaranteed Loan Worksheets - USDA-Farm Service · Web viewModule3 Instructions & Disclaimer Print Menu Menu Module2 Module1 365 365 360 360 360 365 Equal Principal Payments Amortization

Guaranteed Farm Loan Programs

Balance Sheet Page 1 document.xls

MO 2-FLP Guide 19 USDA-Farm Service Agency NAME Tel #-(Rev. 4/18/2002) Soc. Sec.#-

Applicants DOB- 0Co-App DOB- 0

BALANCE SHEET Others- 0DATE OF BALANCE SHEET ACRES OWNED

PERIOD COVERED TOTAL CROPBY PLAN: From Thru 0 0A. BALANCE SHEETCURRENT FARM ASSETS $VALUE CURRENT FARM LIABILITIES $AMOUNTCash on hand Checking $0 Savings $0 $0 Farm Accounts and Notes Payable {include principal and interest}Other investments: time cert $0 other $0 $0 Creditor Due Date Int Rate Payment

Accounts and Notes to be Received $0 Open Accounts - see debt schedule $0 $0 CROPS AND FEED Units Price per unit $0

0 $0.00 $0 $0 0 $0.00 $0 $0

0 $0.00 $0 Annual OL Loan see debt schedule $0 $0 0 $0.00 $0 $0 0 $0.00 $0 $0

0 $0.00 $0 $0 LIVESTOCK TO BE SOLD $0 No. Unit Weight Price per unit $0

0 0 $0.00 $0 CCC Loan $0 0 0 $0.00 $0 Current Portion of Principle Due on:0 0 $0.00 $0 Intermediate Liabilities $0 0 0 $0.00 $0 Long Term Liabilities $0

GROWING CROPS Acres Cost/Acre Accrued Interest On:0 $0.00 $0 Intermediate Liabilities $0 0 $0.00 $0 Long Term Liabilities $0 0 $0.00 $0 Accrued Taxes on:0 $0.00 $0 Real Estate, Personnal Property and Assessments $0

SUPPLIES AND PREPAID EXPENSES $0 Income and Social Security Tax $0 LEASES $0 Accrued Rent/Lease Payments $0 OTHER $0 Other Judgements, Liens, etc. $0

TOTAL CURRENT FARM ASSETS $0 TOTAL CURRENT FARM LIABILITIES $0 INTERMEDIATE FARM ASSETS INTERMEDIATE FARM LIABILITIES(portion due beyond 12 months)Accounts and Notes to be Received beyond 12 months Creditor Due Date Int Rate Payment

Breeding Livestock No. Price Per Unit IT Debts -see debt schedule $0 $0 0 $0 $0 $0

0 $0 $0 $0 0 $0 $0 $0

0 $0 $0 $0 0 $0 $0 $0

0 $0 $0 $0 Machinery, Equipment and vehicles $0 Loans Secured by Life Insurance Policies $0 CO-OP Stock $0 Farmer-Owned Reserve $0 Cash Value Life Insurance Face Amount $0 $0 Other $0 Other $0

TOTAL INTERMEDIATE ASSETS $0 TOTAL INTERMEDIATE LIABILITIES $0 LONG TERM FARM ASSETS LONG TERM FARM LIABILITIES(portion due beyond twelve months)Acres Date Bought RE Tax Cost Creditor Due Date Int Rate Payment

$0 LT Debts - see debt schedule $0 $0 $0 $0 $0 $0 $0 $0

CO-OP Stock $0 $0 Equity In Partnership/Corp/Joint Operation/COOP $0 $0

TOTAL LONG TERM ASSETS $0 TOTAL LONG TERM LIABILITIES $0 TOTAL FARM ASSETS $0 TOTAL FARM LIABILITIES $0

Ages of Children

Guaranteed Farm Loan ProgramsBalance Sheet Continued


NAME

A. BALANCE SHEET (continued)Non-Farm Assets $VALUE NONFARM LIABLITIES $AMOUNTHousehold Goods $0 Non Farm Accounts and Notes PayableCar, Truck $0 Creditor due date interest rate paymentRecreational Vehicles $0 Non-farm debts - see debt schedule $0 $0 Cash Value Life Insurance $0 $0 Stocks, Bonds $0 $0 Non Farm Business $0 $0 Other $0 $0

$0 $0 Non-Farm RE $0 $0

TOTAL NON FARM LIABILITIES $0 TOTAL NONFARM ASSETS $0 TOTAL FARM LIABILITIES $0

TOTAL FARM ASSETS $0 TOTAL LIABILITIES $0 TOTAL ASSETS $0 NET WORTH $0

NET WORTH/TOTAL ASSETSThe above information is furnished for the purpose of securing and maintaining credit and is certified to be correct and accurate. The undersigned authorizes the fsa to make all inquires deemed necessary tnecessary to verify the accuracy of the information contained above to determine my credit-worthiness and to answer questions about their credit experience with me. I agree to notify FSA promptly to any material changes to the above.I recognize that making any false statements on this Farm & Home Plan or any other loan document may constitute a violation of criminal law.Signature of Applicant/Borrower/Entity Member Date

x________________________________________ x__________________________________________ ______________________________

B. RENTAL AND LEASE INFORMATION

General Description or Acres Expiration

FSA Farm # Landlord Total Crop Type of Lease Crop Share Cash Rent Date

0 0

0 0

0 0

Other items-Descriptions Owner Number of Units Payment

TOTAL $0

Total Assets of: $0 Divided by Total Liabilities $0 = Net Capital Ratio #DIV/0!Annual Cash Oper. Exp. $0 Divided by Gross Farm Income $0 = Operating Ratio #DIV/0!Net Farm & Non-farm Income $0 Divided by Total Assets $0 = Profit to Assets #DIV/0!Debt Repayment $0 Divided by Gross Income $0 = Debt Repayment #DIV/0!

Balance Sheet Supporting Schedule


List of Machinery, Equipment and Vehicles

# Item Manufacturer Serial #123456789

101112131415161718192021222324252627282930313233343536373839404142434445

TOTAL $0Customer's Signature

Loan Officer Signature

Model # & Discription

Condition (E,VG,G,P,F)

Estimated Value

Balance SheetSupporting Schedule


BALANCE SHEET DEBT SCHEDULE

OPEN ACCTS: Principal Accrued Current Annual Interest PrincipalDescription Balance Interest Rate Payment Portion Portion Purpose Security

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $0 $0 $0 $0 $0

ANNUAL OL LOAN Principal Accrued Current Annual Interest PrincipalDescription Balance Interest Rate Payment Portion Portion Purpose Security

$0 $0 $0 $0 $0 $0 $0 $0

TOTAL $0 $0 $0 $0 $0

INTERMEDIATE: Principal Accrued Current Annual Interest PrincipalDescription Balance Interest Rate Payment Portion Portion Purpose Security

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $0 $0 $0 $0 $0

LONG TERM: Principal Accrued Current Annual Interest PrincipalDescription Balance Interest Rate Payment Portion Portion Purpose Security

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $0 $0 $0 $0 $0

NON-FARM: Principal Accrued Current Annual Interest PrincipalDescription Balance Interest Rate Payment Portion Portion Purpose Security

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $0 $0 $0 $0 $0

GRAND TOTALS $0 $0 $0 $0 $0

Customer's Signature

Loan Officer Signature

MO 2-FLP Guide 19A(Rev. 4/18/2002)

Guaranteed Cash FlowSupporting Schedule

Guaranteed Cash Flow Page 2 document.xls

Crop and Livestock Income WorksheetsA. CROPS, PASTURE, ETC.--PRODUCTION, SALES AND USE

PLANNED

Crops, Pasture, Yield Operator's Price

Subsidy Payment, etc. Acres Per Share per Unit Dollar

Acre Farm Use Hold for Sale Sale $ Sales

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

TOTAL (Entered in

$0 Table J, Line 1)

The totals from both of these worksheets are automatically transferred to the "table f-k worksheet".

B. LIVESTOCK/DAIRY/POULTRY AND PRODUCTS--PRODUCTION, SALES AND USE

PLANNED

Livestock/Dairy/Poultry Production Operator's Price

and Products No. Per Units For: Share per Unit Dollar

Subsidy Payments, etc. Animal Farm Use Hold for Sale Sale $ Sales

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

0 $0

TOTAL (Entered in

$0 Table J, Line 2)

MO 2-FLP Guide 19B(Rev. 4/18/2002)

Guaranteed Cash FlowSupporting Schedule


Debt Repayment & Capital Expenditure WorksheetsDEBT REPAYMENT WORKSHEET

If completing the Balance Sheet, GO TO the since the DEBT REPAYMENT WORKSHEET IS AUTOMATICALLY completed.If not completing the Balance Sheet section, you must complete these worksheets to prefill Tables H & K in the table f-k worksheet.In the Month Due blocks starting at cell J11, use 1=Jan, 2=Feb, 3=Mar, 10=Oct, 12=Dec, etc. and 13=monthly.For IA loans, the Debt Repayment Worksheet must be completed. Starting in cell C11 either the number 1 if the loan is to be considered for IA.

Interest Loan TermsAnnual Payment

MonthLender Assistance Balance Years Int Rate Principal Interest Due

IA 1=Yes

12

12

12

12

12

12

12

12

12

12

12

Totals $0 $0 $0 $0Transfer totals to: CF Line 50 CF Line 51

IA 1=Yes

Annual Operating Loan

PLANNED CAPITAL PURCHASES & EXPENDITURES WORKSHEETIn the Month Due blocks starting at cell G35, use 1=Jan, 2=Feb, 3=Mar, 10=Oct, 12=Dec, etc. and 13=monthly.

Cost or BootMonth Planned Term Financing Years

Descriptions Needed Lender Amount Financed

Totals $0 $0Transfer totals to: CF line 49 CF line 48

If new loan is required for the purchase of the capital expenditure, then the loan must be shown in the Debt Repayment Worksheet.

CASH FLOW BEGINNING "CASH ON HAND" WORKSHEET

TOTAL INCOME TO BE RECEIVED > $0 TOTAL EXPENSES TO BE PAID > $0

$0

A1 - Enter cash on hand > $1,000 and NON-TYPICAL CARRYOVER CURRENT ASSESTS (All other current assets greater than last years beginning of the year carryover balances).

Income $ Amount

A2 - Enter all debts/expenses to be paid from the income in A1. Debts and Expenses $

Amount

A3 - Total Income to be received minus total expenses = Cash on Hand >

Bal Sheet

Debt Sch

Master Menu

MO 2-FLP Guide 19 Monthly w/o IA(Rev. 04-18-2002)

Guaranteed Monthly Cash Flow W/O Interest Assistance

Page 7 document.xls

Guaranteed Monthly Cash Flow NameDate Completed __________________ Taxpayer ID #

Period Covered by Plan Signature ____________________________ Signature of Lender ____________________________From To Date of Plan 0

THIS YEAR TOTAL JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC Check

OPERATING INCOME1 Crop Income - (table f-k worksheet J1) 0 0 0 0 0 1 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 3 Other Farm Income - (table f-k worksheet J2) 0 0 0 3 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 5 Livestock Income - (table f-k J3) 0 0 0 5 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 6 0 7 0 0 0 0 0 0 0 0 0 0 0 0 0 7 0 8 TOTAL OPER. INC. 0 0 0 0 0 0 0 0 0 0 0 0 0 8 0

CAPITAL SALES9 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0 10 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 11 0 0 0 0 0 0 0 0 0 0 0 0 0 11 0 NON FARM INCOME12 Wages & Salary - (table f-k worksheet J7) 0 0 0 0 0 0 0 0 0 0 0 0 0 12 0 13 Interest & Other 0 13 0

14 TOTAL CASH IN-FLOW 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0

CASH OUT-FLOW - Cells #15-35 come from table f-k15 Labor 0 0 0 0 0 0 0 0 0 0 0 0 0 15 0 16 Mach. & Equip. Rep. 0 0 0 0 0 16 0 17 Building Repairs 0 0 0 0 0 17 0 18 Cash Rent & Misc. 0 0 0 18 0 19 Seed 0 0 0 19 0 20 Fertilizer & Lime 0 0 0 20 0 21 Chem. & Insect. 0 0 0 21 0 22 Machinery Hire 0 0 0 22 0 23 Farm Supplies 0 0 0 0 0 23 0 24 Vet. & Med. 0 0 0 0 0 0 0 0 0 0 0 0 0 24 0 25 Feed: Supplement &Grain 0 0 0 0 0 0 0 0 0 0 0 0 0 25 0 26 Marketing 0 0 0 0 0 26 0 27 Trucking & Hauling 0 0 0 0 0 27 0 28 Gas, Fuel, Oil 0 0 0 0 0 28 0 29 Taxes, R.E.& P.P. 0 0 0 0 0 0 0 0 0 0 0 0 0 29 0 30 Insurance 0 0 30 0 31 Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 31 0 32 Auto & Truck 0 0 0 0 0 0 0 0 0 0 0 0 0 32 0 33 0 0 0 0 0 0 0 0 0 0 0 0 0 33 0 34 0 0 0 0 0 0 0 0 0 0 0 0 0 34 0 35 Current Operating Bills 0 0 35 0 36 TOTAL OPER. EXP. 0 0 0 0 0 0 0 0 0 0 0 0 0 36 0

OTHER EXPENDITURES37 Family Living Exp - from table f-k 0 0 0 0 0 0 0 0 0 0 0 0 0 37 0 38 Other Non-Farm Exp. 0 38 0 39 Inc.& Soc. Sec. Tax - from table f-k 0 0 39 0

40 Total Farm Operating & Non-farm expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 40 0

41 OPERATING BALANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0

42 Beginning Cash Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 Balance Before Borrowing 0 0 0 0 0 0 0 0 0 0 0 0 0 43 44 Money Borrowed, Oper. L. 0 0 0 0 0 0 0 0 0 0 0 0 0 44 45 Annual Operating Loans Principal Payments. 0 0 0 0 0 0 0 0 0 0 0 0 45 0 46 Annual Operating Loan Interest Payments 0 0 0 0 0 0 0 0 0 0 0 0 46 0 47 Pymts On Accounts & Beginning OL/LOC Bal 0 0 47 0 48 New IT & LT Lns (Debt Pymt & Cap Exp wkst) 0 0 0 0 0 0 0 0 0 0 0 0 0 48 0 49 Capital Purchases. & Expenditures (see wkst) 0 0 0 0 0 0 0 0 0 0 0 0 0 49 0 50 Inter.& L.T. Debt PRINCIPAL PYMT 0 0 0 0 0 0 0 0 0 0 0 0 0 50 0 51 Inter.& L.T. Debt INTEREST PYMT 0 0 0 0 0 0 0 0 0 0 0 0 0 51 0 52 Ending Cash Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 52

53.Operating Loan Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5354.Interest Accrual Operating Loan 0.00% 0 0 0 0 0 0 0 0 0 0 0 0 5455.Accumulated Interest 0 0 0 0 0 0 0 0 0 0 0 0 55 0

It's OK to change the month (JAN - DEC) (light green areas) in which the income & expenses are incurred. (Cells E9..P13, E23..P23, E29..P49, E53..P55) Usually only the yellow areas are changed and/or modified. Grey areas can be changed, but the formulas will be lost.NOTE: Any changes/additions made to the yellow areas (cell D10, D12, D14-15, D19..P21, D21, D25) will not transfer back to the table f-k worksheet.

This monthly cash flow is automatically prefilled if you have completed the worksheets Debt Pymt & Capital Exp and table f-k.

MO 2-FLP Guide 19 Monthly IA(Rev. 04-18-2002)

Guaranteed Monthly Cash Flow with Interest Assistance

Page 8 document.xls

INTEREST ASSISTANCE Guaranteed Monthly Cash Flow NameDate Completed _____________________ Taxpayer ID #

Period Covered by Plan Signature ____________________________ Signature of Lender ____________________________From To Date of Plan 0

THIS YEAR TOTAL JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC Check

OPERATING INCOME1 Crop Income - (table f-k worksheet J1) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 3 Other Farm Income - (table f-k worksheet J2) 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 5 Livestock Income - (table f-k J3) 0 0 0 0 0 0 0 0 0 0 0 0 0 5 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 6 0 7 0 0 0 0 0 0 0 0 0 0 0 0 0 7 0 8 TOTAL OPER. INC. 0 0 0 0 0 0 0 0 0 0 0 0 0 8 0

CAPITAL SALES9 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0 10 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 11 0 0 0 0 0 0 0 0 0 0 0 0 0 11 0 NON FARM INCOME12 Wages & Salary - (table f-k worksheet J7) 0 0 0 0 0 0 0 0 0 0 0 0 0 12 0 13 Interest & Other 0 0 0 0 0 0 0 0 0 0 0 0 0 13 0

14 TOTAL CASH IN-FLOW 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0

CASH OUT-FLOW - Cells #15-35 come from table f-k15 Labor 0 0 0 0 0 0 0 0 0 0 0 0 0 15 0 16 Mach. & Equip. Rep. 0 0 0 0 0 0 0 0 0 0 0 0 0 16 0 17 Building Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 17 0 18 Cash Rent & Misc. 0 0 0 0 0 0 0 0 0 0 0 0 0 18 0 19 Seed 0 0 0 0 0 0 0 0 0 0 0 0 0 19 0 20 Fertilizer & Lime 0 0 0 0 0 0 0 0 0 0 0 0 0 20 0 21 Chem. & Insect. 0 0 0 0 0 0 0 0 0 0 0 0 0 21 0 22 Machinery Hire 0 0 0 0 0 0 0 0 0 0 0 0 0 22 0 23 Farm Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 23 0 24 Vet. & Med. 0 0 0 0 0 0 0 0 0 0 0 0 0 24 0 25 Feed: Supplement &Grain 0 0 0 0 0 0 0 0 0 0 0 0 0 25 0 26 Marketing 0 0 0 0 0 0 0 0 0 0 0 0 0 26 0 27 Trucking & Hauling 0 0 0 0 0 0 0 0 0 0 0 0 0 27 0 28 Gas, Fuel, Oil 0 0 0 0 0 0 0 0 0 0 0 0 0 28 0 29 Taxes, R.E.& P.P. 0 0 0 0 0 0 0 0 0 0 0 0 0 29 0 30 Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 30 0 12 Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 31 0 32 Auto & Truck 0 0 0 0 0 0 0 0 0 0 0 0 0 32 0 33 0 0 0 0 0 0 0 0 0 0 0 0 0 33 0 34 0 0 0 0 0 0 0 0 0 0 0 0 0 34 0 35 Current Operating Bills 0 0 0 0 0 0 0 0 0 0 0 0 0 35 0 36 TOTAL OPER. EXP. 0 0 0 0 0 0 0 0 0 0 0 0 0 36 0

OTHER EXPENDITURES37 Family Living Exp - from table f-k 0 0 0 0 0 0 0 0 0 0 0 0 0 37 0 38 Other Non-Farm Exp. 0 0 0 0 0 0 0 0 0 0 0 0 0 38 0 39 Inc.& Soc. Sec. Tax - from table f-k 0 0 0 0 0 0 0 0 0 0 0 0 0 39 0

40 Total Farm Operating & Non-farm expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 40 0

41 OPERATING BALANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0

42 Beginning Cash Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 Balance Before Borrowing 0 0 0 0 0 0 0 0 0 0 0 0 0 43 44 Money Borrowed, Oper. L. 0 0 0 0 0 0 0 0 0 0 0 0 0 44 45 Annual Operating Loans Principal Payments. 0 0 0 0 0 0 0 0 0 0 0 0 45 0 46 Annual Operating Loan Interest Payments 0 0 0 0 0 0 0 0 0 0 0 0 46 0 47 Pymts On Accounts & Beginning OL/LOC Bal 0 0 47 0 48 New IT & LT Lns (Debt Pymt & Cap Exp wkst) 0 0 0 0 0 0 0 0 0 0 0 0 0 48 0 49 Capital Purchases. & Expenditures (see wkst) 0 0 0 0 0 0 0 0 0 0 0 0 0 49 0 50 Inter.& L.T. Debt PRINCIPAL PYMT 0 0 0 0 0 0 0 0 0 0 0 0 0 50 0 51 Inter.& L.T. Debt INTEREST PYMT 0 0 0 0 0 0 0 0 0 0 0 0 0 51 0 52 Ending Cash Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 52

53.Operating Loan Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5354.Interest Accrual Operating Loan 0.00% 0 0 0 0 0 0 0 0 0 0 0 0 5455.Accumulated Interest 0 0 0 0 0 0 0 0 0 0 0 0 55 0 This monthly cash flow is ONLY to be used with INTEREST ASSISTANCE. With IA, this plan has a feasible plan margin of #DIV/0!

It's OK to change the month (JAN - DEC) (grey areas) in which the income & expenses are incurred. (Cells E9..P13, E23..P23, E29..P49, E53..P55) This monthly cash flow is automatically prefilled if you have completed the worksheets Debt Pymt & Capital Exp and table f-k.

Usually only the yellow areas are changed and/or modified. Grey areas can be changed, but the formulas will be lost. NOTE: Any changes/additions made to the yellow areas (sell D10, D12, D14-D15, D19..P21, D21, D25) will not transfer back to the table f-k worksheet.

MO 2-FLP Guide 19 Annual(Rev.4/18/2002) Guaranteed Annual Cash Flow


F. CASH FAMILY LIVING Credit H. CAPITAL AND CARRY- Credit EXPENSES Needed Planned Expenses OVER EXPENSES Needed Planned Expenses

CAPITAL EXPENSES

Make sure credit card and personal CARRY-OVER EXPENSESloan payments are included here orin Table K. Debt Repayment Table DEBTS REFINANCED TOTAL $0 $0 TOTAL $0 $0

I. CREDIT FOR Planned Credit NeedsG. CASH FARM Credit Family Living (table F) $0 OPERATING EXPENSE Needed Planned Expenses Farm Operating (table G) $0 Labor Hired Capital and Carryover (table H) $0 Machinery Repair CCC LoansFarm Building and Fence Repair TOTAL $0 Interest $0 Rent or Lease J. SUMMARY OF YEAR'S BUSINESSFeed Purchased 1. Crop Income (Crop Wkst) $0 Seeds and Plants Purchased 2. Livestock Income (Lvst Wkst) $0 Fertilizer and Lime 3. Other Farm Income $0 Chemicals 4. Total Cash Farm Income 1+2+3 $0 Livestock Expense (Vet, Med) 5. Cash Farm Operating Expense (table G) $0 Custom Hire (Machine Work) 6. Net Cash Farm Income 4-5 $0 Gasoline, Fuel, Oil 7. Non-farm Income $0 Taxes 8. Total Net Cash Farm and Non-farm Income 6+7 $0 Truck and Auto 9. Cash Family Living Expense (table F) $0 Insurance(other than personal) 10. Net Income 8-9 $0 Utilities 11. Beginning Cash $0 Supplies Purchased 12. Loans and Other Credit (table I) $0 Marketing 13. Interest (table G) $0 Trucking and Hauling 14. Total Available 10+11+12+13 $0

15. Capital and Carry-over Expense (table H) $0 16. Balance Available 14-15 $0

Current Operating Bills Balance Available will not change when calculating WITH or WITHOUT IA TOTAL $0 $0 K. DEBT REPAYMENT $0 #DIV/0! Farm expense to gross farm income ratio - interest & depreciation History =

To Whom Owed Principal and Interest Principal and Interestto be Paid Date Source of Funds

See Debt Pymt & Capital Exp Worksheet Interest Assistance WITH Interest Assistance Annual operating loan $0 #DIV/0!

INCOME AND SOCIAL SECURITY TAX $0TOTAL #DIV/0! $0 #DIV/0! #DIV/0!BALANCE AVAILABLE (Table J #16) divided by K. DEBT REPAYMENT Total = Cash Flow Margin.For FEASIBLE PLAN, cash flow margin must be greater than or equal to 1.0 or 100%.To qualify for Interest Assistance (IA), Balance Available to Debt Repayment must be less than 1:1WITHOUT IA and greater than 1:1WITH IA.IA can be applied to each loan, only 1 loan, or any distribution lender selects, however, IA is only available on as many loans as necessary to achieve a 1:1 cash flow margin.

Signature of Borrower(s) Date

X_______________________________________ X ____________________________________ __________________________________ Signature of Lender Date

X____________________________________________________ __________________________________

TOTALS

to be Paid WITHOUT

Guaranteed Cash FlowSupporting Schedules

Page 10 document.xls

MO 2-FLP Guide 20 Name PAGE 1 (A1:L78)(Rev. 04/18/2002) SUMMARY OF PAST HISTORY

Note: The Cash Flow projections are to be based on the loan applicant's/borrower's proven record of production & financial management.PART A CROP PRODUCTION HISTORYInsert date in Cell B10. 0

Actuals YEAR1995 1996 1997 1998 1999 AVERAGE

Crop acres yield acres yield acres yield acres yield acres yield0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00

Part B LIVESTOCK (Include Cull Sales) PRODUCTION HISTORY

Actuals 0 1995 1996 1997 1998 1999 YEAR

AVERAGE% Production Per % Production Per % Production Per % Production Per % Production Per

Kind Number Animal Number Animal Number Animal Number Animal Number Animal0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0.00

Part C FEEDER LIVESTOCK OPERATIONS PRODUCTIONS HISTORY

Name of Enterprise0

Actuals YEAR1995 1996 1997 1998 1999 AVERAGE

1. No. Head on-hand first of year 0 0 0 0 0 0

2. No. Head purchased 0 0 0 0 0 0

3. Average weight/head when purchased 0 0 0 0 0 0

4. Total gross cost of no. head purchased 0 0 0 0 0 0

5. No. Head raised 0 0 0 0 0 0

6. No. Head sold 0 0 0 0 0 0

7. Average weight/head when sold 0 0 0 0 0 0

8. No. Head on-hand end of year 0 0 0 0 0 0

9. Total Gross $ livestock sales 0 0 0 0 0 0



SCHEDULE F INCOME TAX RECORDS HISTORY PAGE 2 (A81..L136)

Insert date in Cell B10.

Name: 1995 1996 1997 1998 1999 Average average PlanINCOME # of Years

Crop Income 0 0 0Livestock Income 0 0 0FSA Payments 0 0 CCC Loans 0 0 Custom & Machine Hire 0 0

0 0 Other Farm Income 0 0 0Gross Farm Income 0 0 0 0 0 0 0 0

EXPENSES 1995 1996 1997 1998 1999 Average # of Years PlannedChemicals 0 0 0Custom Hire 0 0 0Depreciation 0 0 Feed 0 0 0Fertilizer & Lime 0 0 0Fuel 0 0 0Insurance 0 0 0Interest 0 0 0 Hired Labor 0 0 0Vet 0 0 0Rent 0 0 0Repairs 0 0 0Seeds 0 0 0Storage 0 0 0 Supplies 0 0 0Taxes 0 0 0Utilities 0 0 0Miscellaneous 0 0 Trucking and Hauling 0 0 0

0 0 00 0 0

Truck and Auto 0 0 0Current Operating Bills 0 0 0Gross Farm Expenses 0 0 0 0 0 0 0 0

SUMMARY 1995 1996 1997 1998 1999 Average # of Years PlannedGross Farm Income 0 0 0 0 0 0 0 0Gross Farm Expenses 0 0 0 0 0 0 0 0Net Farm Income 0 0 0 0 0 0 0 0OPERATING EFFICIENCY - interest & depreciation 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0 #DIV/0!Farm Interest Expense 0 0 0 0 0 0 0 0Farm Depreciation 0 0 0 0 0 0 0 0Non Farm Income 0 0 0Other Income 0 0 Capital Gain 0 0 Total Cash Available 0 0 0 0 0 0 0 0Income & SS Taxes 0 0 0Family Living Expense 0 0 0Other Expense 0 0 TOTAL OTHER EXPENSES 0 0 0 0 0 0 0 0BALANCE AVAILABLE 0 0 0 0 0 0 0 0

It is not necessary to complete both the detailed Page 2, "Schedule F Income Tax Records History," and the summary Page 3, "Financial Data - Part A".



Part A FINANCIAL DATA PAGE 3 (O1..W68)0

yearInsert date in Cell R5. Use Farm Records or Income Tax Returns Average

1995 1996 1997 1998 1999 1. Non-farm Income 2. Gross Farm Income 3. Total Farm & Non-farm Income $0 $0 $0 $0 $0 #VALUE! ( 1 + 2 ) 4. Operating Expenses #DIV/0!

(Exclude Interest. & Depreciation.) 5. Interest Paid #DIV/0! 6. Depreciation #DIV/0! 7. Total Expenses $0 $0 $0 $0 $0 #DIV/0! (4 + 5 + 6) 8. Family Living Expenses #DIV/0!

9. Net Cash Income Before Taxes $0 $0 $0 $0 $0 #DIV/0!10. MO Taxes Paid #DIV/0!11. Federal Taxes Paid #DIV/0!12. Social Security Taxes Paid #DIV/0!13. Net Cash Income After Taxes $0 $0 $0 $0 $0 #DIV/0!

NOTE: Any Deviations in the Cash Flow from the Operating Expense to Gross Farm Income Ratio must be thoroughly documented.

Part BFINANCIAL STATEMENT TREND

Complete this section OR provide copies of the past three - five years Balance Sheets.

Date Balance Sheetswere completed (M/D/Y) (M/D/Y) (M/D/Y) (M/D/Y) (M/D/Y) (M/D/Y)

1. CURRENT FARM ASSETS

2. INTERMEDIATE FARM ASSETS

3. LONG TERM FARM ASSETS

4. TOTAL FARM ASSETS $0 $0 $0 $0 $0

5. NON-FARM ASSETS

6. TOTAL ASSETS $0 $0 $0 $0 $0

7. CURRENT FARM LIABILITIES

8. INTERMEDIATE FARM LIABILITIES

9. LONG TERM LIABILITIES

10. TOTAL FARM LIABILITIES $0 $0 $0 $0 $0

11. NON-FARM LIABILITIES

12. TOTAL LIABILITIES $0 $0 $0 $0 $0

13. NET WORTH $0 $0 $0 $0 $0

Date Applicant/Borrower's Signature

13. Operating Expenses (excluding interest & depreciation) to Gross Farm Income Ratio

The above information is furnished for the purpose of securing and maintaining credit and that the undersigned certifies that the above information is true, correct and complete to the best of my knowledge. We will provide verification of this information in the form of records or receipts if requested.

Amortization Schedule

Page 13

LOAN AMORTIZATION TABLE

$100,000.00 LOAN AMOUNT7.00% INT % PER YEAR

5 # of YEARS1 # PAYMENTS PER YEAR

$24,389.07 PAYMENT AMOUNT

Complete fields C3 - C6 and then highlight print range such as A1..F18 and use print menuPMT PRINCIPAL TOTAL PRINCIPAL INTEREST PRINCIPALNO. PMT AMT PMT PMT BALANCE

1 $100,000.00 $24,389.07 $17,389.07 $7,000.00 $82,610.93 2 $82,610.93 $24,389.07 $18,606.30 $5,782.77 $64,004.63 3 $64,004.63 $24,389.07 $19,908.75 $4,480.32 $44,095.88 4 $44,095.88 $24,389.07 $21,302.36 $3,086.71 $22,793.52 5 $22,793.52 $24,389.07 $22,793.52 $1,595.55 $0.00

Equal Principal Payments

Page 14

EQUAL PRINCIPAL PAYMENT TABLE

$100,000.00 LOAN AMOUNT7.00% INT % PER YEAR

5 # of YEARS1 # PAYMENTS PER YEAR

$20,000.00 PAYMENT AMOUNT

PMT PRINCIPAL TOTAL PRINCIPAL INTEREST PRINCIPALNO. PMT AMT PMT PMT BALANCE

1 $100,000.00 $27,000.00 $20,000.00 $7,000.00 $80,000.00 2 $80,000.00 $25,600.00 $20,000.00 $5,600.00 $60,000.00 3 $60,000.00 $24,200.00 $20,000.00 $4,200.00 $40,000.00 4 $40,000.00 $22,800.00 $20,000.00 $2,800.00 $20,000.00 5 $20,000.00 $21,400.00 $20,000.00 $1,400.00 $0.00

Complete fields C3 - C6 and then highlight print range such as A1..F18 and use File "print" menu

Loan Ledger360 over 365 Interest Accrual

USDA, FSA"Approximate Calculations"


New Daily Days Accrued InterestDate Interest Interest Principal Interest Loan Interest This This Unpaid

Rate Rate Loan Advances Payments Payments Total Balance Accrual Period Period Interest -- <Enter beginning of period date, rate & balances for an existing loan on this line>

$ - February 29th Principal Balance =

AverageInterest

Rate

IF leap year, insert principal balance on Feb 29th in Cell F45

AveragePrincipalBalance

AverageDaily

InterestAccrual

No.Daysin thePeriod

InterestAccrued

ThisPeriod

If applicable, Interest

Assistance Subsidy Owed


USDA, FSA"Approximate Calculations" Page 16

document.xls

New Daily Accrued InterestMo. Day Yr. Interest Interest Principal Interest Principal Interest No. This Unpaid

Rate Rate Loan Advances Payments Payments Total Payment Balance Accrual Days Period Interest <Enter beginning of period date, rate & balances for an existing loan on this line.>

AverageInterest

Rate


AverageDaily

InterestAccrual

No.Daysin thePeriod

InterestAccrued

ThisPeriod




USDA, FSA"Approximate Calculations"


New Daily Days Accrued InterestDate Interest Interest Principal Interest Loan Interest This This Unpaid

Rate Rate Loan Advances Payments Payments Total Balance Accrual Period Period Interest -- <Enter beginning of period date, rate & balances for an existing loan on this line>

$ - February 29th Principal Balance =

AverageInterest

Rate

IF leap year, insert principal balance on Feb 29th in Cell F45


AverageDaily

InterestAccrual

No.Daysin thePeriod

InterestAccrued

ThisPeriod



Menu

Page 18

Enter Basic Information in Cells B2..B17 below First Print Instructions & Disclaimer.Enter Borrowers Name

Enter Borrowers SSTelephone No.

Period from:Period To:

Date of Financial Statement:Applicant's Date of Birth:

Co_Applicants Date of Birth:Ages of Sons:

Ages of Daughters:Ages of Others:

Total Acres Owned:Total Crop Acres:

Interest Rate for Cash Flow:Beginning OL/LOC Balance

$0 IF COH is used, a typical year cash flow must be developed.Cells B4..B14 are only required if completing the Balance Sheet.Cells B15..B17 are only required if completing the Cash Flow.

Cash on Hand (COH) to be Included in the Cash Flow. (Use the COH Schedule for documentation purposes.)

Print Menu

Can print each individual worksheet on clicking on the PRINT button. This menu is provided to allow you to print all of the three main sections.

Print Main Menu Basic Information

Print Menu

button. This menu is provided to allow you to print all of the three main sections.

Instructions and Disclaimer4/18/2002

21 document.xls

INSTRUCTIONS and DISCLAIMERThis software is provided AS IS and makes NO WARRANTY of any kind, expressed or implied, including without limitations, any warranties of merchantability and/or fitness for a particular purpose. FURTHER, there shall not be any liability for any damages, whether direct, indirect, special orconsequential arising from a failure of this program to operate in the manner desired by the user. FURTHER MORE, there shall not be any liability forany damages to data or property which may caused directly or indirectly by use of the program. IN NO EVENT WILL THERE BE ANY LIABILITY FORANY DAMAGES, INCLUDING ANY LOST PROFITS OR OPPORTUNITY COSTS, WHETHER INCIDENTAL OR CONSEQUENTIAL ARISING OUT OF YOUR USE ORINABILITY TO USE THIS PROGRAM, OR ANY CLAIM BY ANY OTHER PARTY.

If you have any questions about the spreadsheet or find any errors in it please contact :

James L. Harms Phone (573) 876-0980State Farm Loan Specialist Fax (573) 876-0935USDA, Farm Service Agency Email: [email protected] Business Loop 70 WParkade Center, Suite 225Columbia, MO 65203

If only completing the cash flow, the worksheets should be completed in the following order:The BASIC BORROWER INFORMATION in the MAIN MENU should always be completed first. This information is transferred to other worksheets.

1) 5 Year History MO2-FLP Guide 20 - This worksheet does not have to be completed, but the Page 2 history comparison in the table f-k worksheet will be unavailable. It is not necessary to complete the detailed PAGE 2 - Schedule F Income Tax Records History, and then complete the summary PAGE 3 - Financial Data, Part A and visa versa.2) Debt Pymt & Capital Exp - It is recommended , but not required that these worksheets be completed. The information is used in the prefilled green areas in the table f-k worksheet. Note: Both of these worksheets must be completed for all interest assistance loans and to obtain the Monthly Cash Flow worksheet. In order to consider a loan for IA the number 1 must be entered for the specific loan. The CASH FLOW BEGINNING "CASH ON HAND" WORKSHEET is used to document the amount of cash assets used in the cash flow.3) Crop & Livestock - It is recommended, but not required that these worksheets are completed. The information is used in the prefilled green areas in the table f-k worksheet.4) table f-k - Green areas in Table H, J & K cells are prefilled from the Debt Pymt & Capital Exp Worksheet and the Crop & Livestock Worksheet, but can be overwritten. However, if information is input into these green areas, ALL formulas will be lost. Note that interest in Table G is prefilled and locked as it is calculated for you.5) Monthly Cash Flow - The cell are prefilled from other worksheets. You should change only the month (Jan - Dec) in which the income and/or expense are to be incurred. Must complete the Debt Pymt & Capital Exp, Crop & Livestock, and table f-k worksheets.6) IA Monthly Cash Flow - The cells are prefilled from other worksheets and is locked/read only. Any changes to the (Jan -Dec) income and expenses must be done through the Monthly Cash Flow worksheet. USE ONLY if interest assistance is used to obtain a feasible plan.

For the Balance Sheet, complete the Balance Sheet page 1 and Balance Sheet page 2 worksheets. The Mach List and Bal Sheet Debt Sch supporting worksheets will be accessed from a GO TO BUTTON from the actual balance sheet.

Instructions and Disclaimer4/18/2002

22 document.xls

INSTRUCTIONS and DISCLAIMERContinued

This workbook and the individual worksheets have been protected. A password is needed to unprotect.

Users should check the results of the worksheets to assure themselves of the accuracy of the calculations.

Tab key - You should be able to use the Tab key to move the active cell from one input field on the worksheet to another. Use Shift/Tab to move back to a previous input field. [Note: If Tab or Shift/Tab key move a complete screen instead of one field, it means that the "Transition Navigation Keys" are turned on. To turn the "Transition Navigation Keys" off, (1) click on the "Tools", (2) click on "Options", (3) click on the "Transition" tab, (4) remove the "x" in the box to the left of "Transition Navigation Keys" by clicking on the box and (5) click on "OK".]

This workbook does contain macros. When this workbook is opened, a screen can appear and you will need to select ENABLE MACROS.

This workbook is considered a master template. It is recommended that immediately after opening, (1) click on File, (2) click on Save As, (3) change the File name to something you can remember such as the borrower's name, and (4) click on Save. The master template is now preserved for future use.

LOAN LEDGER WORKSHEETS - Enter the date as M/D/Y and use / or - between the month, day, and year. The worksheet has been programmed for a 4-digit year. Interest rate can be input as a whole number or a decimal (example 9.5% can be entered as 9.5 or .095) and should be the borrower's effective interest rate. Interest rate changes can be made at any time as per the terms in the promissory note.

If you do not have enough spaces for all of the transactions, start a new worksheet. Under Edit on the menu select Move or Copy Sheet, mark the box Create a copy, select placement in Before sheet, and click OK. The new worksheet is the same name as one copied, but with a (2). The beginning information on worksheet (2) is the exact same information as the ending date information on the first worksheet.

FSA calculates and pays interest on either a 365 or 360 daily interest accrual method. FSA does not pay interest on February 29th in leap years. However, this spreadsheet calculates and includes interest on February 29th in leap years. When February 29th in leap years falls between the beginning and ending claim period dates, the unpaid principal balance owed by the borrower on February 29th in leap years must be input in Cell F45. For leap years, the correct amount of IA subsidy that Finance Office will pay in reflected in Cell L45 with the corresponding average principal balance shown in H45.

This workbook has 3 different worksheets to check the borrower's promissory note history records and/or to calculate the amount of interest assistance subsidy owed the lender. Select which worksheet to use based on how the Daily Interest Accrual is determined (360/365, 360/360, or 365/365).

For interest assistance, you must enter the beginning claim period date in cell A4, interest rate in either cell C4 or F4, beginning principal balance in either cell H4 or K4, and beginning interest balance in cell L4 or O4. The ending claim period date must be the final date entered in Column A. All transactions (loan advances, principal payments, interest payments, and interest rate changes) must be entered into the spreadsheet.

If you need more than one spreadsheet to show all transactions between the beginning date and ending date, add the interest assistance subsidy on both pages together to obtain the total IA subsidy owed. To obtain the Average Principal Balance, divide the total IA subsidy owed from both pages by .04 or 4%.

If you want the borrower's name and loan # to appear on the printed loan ledger worksheet, select View on the menu, select Header and Footer, under Header/Footer select Custom Header, under the Left section type the borrower's name and loan #, click OK, click OK. To view select Print Preview.

The amount of interest assistance subsidy owed the lender is automatically calculated. It has been calculated by multiplying the Average Principal Balance times 4% interest divided by a 365 DIA times the actual number of days between the beginning claim period and the ending claim period.

Documents

[XLS]Guaranteed Loan Worksheets - USDA-Farm Service · Web viewModule3 Instructions & Disclaimer Print Menu Menu Module2 Module1 365 365 360 360 360 365 Equal Principal Payments Amortization