2-010.01B1c(1) Operating Expenses - Farm Income

469 NAC 2-010.01B1c(1)

The following expenses related to farm income are considered operating expenses:

1. Cost of goods sold;

2. Cost of labor;

3. Repairs and maintenance;

4. Interest;

5. Rent of farm, pasture;

6. Feed purchased;

7. Seeds, plants purchased;

8. Fertilizers, lime, and chemicals;

9. Cost of machines leased;

10. Supplies purchased;

11. Breeding fees;

12. Veterinary fees, medicine;

13. Gasoline, fuel, or oil;

14. Storage, warehousing;

15. Insurance;

16. Utilities;

17. Freight, trucking;

18. Conservation expenses;

19. Land clearing expenses; and

20. Employee benefit programs.

(7/10/2000)