Add Crop Shares
Introduction: Setting up crop share agreements in Harvest Profit is an essential part of managing your financials with landlords. This guide walks you through adding a crop share agreement, ensuring that revenue and expenses are accurately shared with your landlord. Let’s get started!
Note- By using Crop Shares, your yield per acre will be decreased relative to the crop share. For example, if you have a 50% share with your landlord, and you average 50 bu/acre, it will show YOU a yield of 25 bu/acre for that field, which is not your actual yield. This reflects an accurate cost of production on your Profit & Loss page as applications are normally applied to the full acres of the field.
- Navigate to Field and Land Cost Page:
- Go to the Field and Land Cost page in Harvest Profit.
- Select the Field:
- Choose the field you want to add a crop share agreement for.
- Add or Select Crop Share:
- In the crop share column, click on the dropdown menu.
- Select an existing crop share agreement or create a new one.
- Create a New Crop Share Agreement:
- Label the agreement (e.g., "50/50 Share with Mark").
- Enter the landlord's name.
- Set Crop Share Details:
- Choose between Revenue Only, Revenue and Expenses (seed, chemical, fertilizer), or Revenue and Specific Expenses (specific expenses like fertilizer or overhead).
- Enter Percentage Share:
- Enter the percentage to share with the landlord (e.g., 50%).
- Save Agreement:
- Click Save Agreement.
- Apply the Agreement to the Field:
- Go back to the dropdown menu and select the agreement you just created (e.g., "50/50 Share with Mark").
- Review P&L Projection:
- Go to the Field Report to see the P&L projection for the field.
- Check the yield breakdown—50% to the landlord and 50% to you.
- Check the By Crop P&L Report:
- This report summarizes all your fields and displays your share of the yield for each crop.
Support:
If you have any questions or encounter any issues:
- Email Support: Reach out to support@harvestprofit.com.
- Help Button: In the bottom right-hand corner of the screen, click the Help button and then click Ask to send an email directly from your account.
Thank you for using Harvest Profit!