Dairy Budget 2019-2020

PROFIT & LOSS ACCOUNT FOR THE FINANCIAL YEAR 1ST APRIL 2019 TO 31ST MARCH 2020

£

%

Closing Valuation at 31st March 2020

312,500

Of gross Turnover

Dairy Herd Cull Sales

326,012 13,750

339,762

Less: Opening Valuation at 1st April 2019

(304,500) 347,762

Add: Other Operating Income Basic Payment Scheme

18,000

18,000

Gross Output

365,762

Less Variable Costs Fertilisers

16,500

Contract & Haulage

17,100

Feeds

117,090 7,470 21,900 180,060

Vet & Medical

Sundry

49%

Farm Gross Margin

185,702

51%

Less: Fixed Costs Property Costs

12,000 28,000 48,090 17,350 34,816

3% 8%

Labour Machinery

13% 5% 10% 38%

General Overheads Rent & Financing Costs

140,256

PROFIT/(LOSS) FOR THE YEAR BEFORE DRAWINGS 45,446 12%

BROWN&CO | DAIRY BUDGET