Show Take Inventory of F Farm rm When hen Least to Figure The best time to take n a farm Inventory inventory In In- Is when the tho least figuring hasto hasto has has' to he done For general crop am and stock farms this Is usually between January 1 and when the spring work wet starts ts For poultry farms the best time to take It probably Is Just after the pullets have been put In winter quarters For those who vho have ha to corn COD ply with the Income tax re regulations January 1 i Is the best date late No specific date Is Js set for tor taking taking- such an Inventory but nn any convenient cOl time will Jo in If It It Is taken approximately the same ame time each year ear according ac no- C corIng cording ld g to the farm management de do- of ot the New r York State College College Col Col- lege of or Agriculture at t Ithaca N N. 1 T T. The Invent Inventory y should Include re rees reid real es estate hit e horses cattle sheep hogs poultry farm tools and equipment and supplies Q cm lard hand such as 11 hay bay ny straw grain and silage In placing values a conservative estimate of what an animal or OJ nr- nr tide would sell for with a n reasonable reasonable reasonable reason reason- able length of time In which lo to dispose dispose dis dis- po pose e of at It Is the best basis This chis Is about comparable to what It Jt would bring at ata a well attended farm auction After In Inventorying flu nil th the farm property list other assets such ns as liberty lib lib lib- erty bonds bond certificates of or Indebtedness Indebted ness receivable bills and cash Shares of stock In corporations sho should ld he Included In ha- eluded nt at market market value After I inventorying al nil I resources I list 1st debts such as ns mortgages notes and bills hUls O owed Od d' d Including with the notes I and mort mortgages nes the hates dates of I After Aftel a n complete JI list t of all nil that lieU I Is owed Is made make n a summary showing shovIng the time total value nIne of each kind l lof of farm property Compute the time total resources md bind from froni this subtract tile the total liabilities ties This then represents the tile net worth or the thc financial true Lie standing |