Crop Shares Vs. Entity Shares
Crop Shares:
- Definition: An agreement between the farmer and a landlord as a form of rent payment
- Setup: Managed on the Field and Land Cost page under the Crop Share column
- Revenue and Expenses: Allows revenue and specific expenses to be split between the farmer and landlord based on a predetermined share percentage
- Example:
- Field Size: 100 Acres
- Yield: 100 bushels/acre
- Agreement: 25/75 (25% to the Landlord, 75% to the farmer)
- Total Production: 10,000 bushels (100 bushels/acre x 100 acres)
- Landlord Revenue: 2,500 bushels (25% of total production)
Entity Shares:
- Definition: Represents a partnership among farming entities
- Setup: Managed on the Crop Planner page (enter in the revenue and expenses attributed TO the Landlord)
- Revenue and Expenses: All applied expenses (seed, chemical, fertilizer, miscellaneous expenses) are split according to the entity share details. Revenue is split based on the acres assigned to a field
- Example:
- Field Size: 100 Acres
- Yield: 100 bushels/acre
- Entity Share: 75/25 (75% to Joe, 25% to Joe's uncle Mark)
- Total Production: 10,000 bushels (100 bushels/acre x 100 acres)
- Joe's Revenue: 7,500 bushels (75% of total acres x 100 bushels/acre)
- 75 acres x 100 bushels/acre
- Mark's Revenue: 2,500 bushels (25% of total acres x 100 bushels/acre)
- 25 acres x 100 bushels/acre
Key Differences
- Setup on different pages
- Crop Shares calculate revenue based on percentage of yield, while entity shares is calculated based on acres
- Harvest Profit is designed this way to account for the acres covered with equipment and other expenses. If the farming entity runs a planter and tractor over 100 acres, we want those acres to be accounted for because certain overhead expenses could be applied on a per acre basis
- You can have multiple entities on an entity share, while on a crop share, you can have only a single landlord(we will add multiple landlords in the future)
FAQ's:
- Why is my yield and acres low on a field?
- You may have both a Crop Share and Entity Share setup on a field, when you don't have both in reality. If you only have an Entity Share on a field, and maybe pay cash rent, then you should NOT have a Crop Share set on the field.
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!