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MBC Farms Case Study. Location and Enterprises. Located in northwest Indiana Cash grain farm and dairy operation 3,000 acres 1,300 corn 1,300 soybeans 400 specialty corn crops 250 dairy cows Small beef cow herd. Resources. Soils are productive Yields Corn: 150 bu/acre

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location and enterprises
Location and Enterprises
  • Located in northwest Indiana
  • Cash grain farm and dairy operation
    • 3,000 acres
      • 1,300 corn
      • 1,300 soybeans
      • 400 specialty corn crops
    • 250 dairy cows
    • Small beef cow herd
resources
Resources
  • Soils are productive
    • Yields
      • Corn: 150 bu/acre
      • Soybeans: 47 bu/acre
      • Specialty corn: 153 bu/acre
  • Dairy herd is productive
    • 22,000 hundredweights (cwt) production per year per cow average
the operation
The Operation
  • Mike, 63, general manager
    • Side insurance business
    • Never married
  • Betty, 37, manages dairy operation
    • Graduated with degree in veterinary medicine
    • Married, no kids
  • Craig, 33, manages crop operation
    • Graduated with degree in agricultural economics
    • Married, two kids
farm assets
Farm Assets
  • Balance sheet organization
    • Current
    • Non-current (long term)
cost and market values
Cost and Market Values

Cost basis of assets

  • $2,408,799

Market basis of assets

  • $4,655,476
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