A backyard operation that qualifies as a farm business reports its costs on Schedule F. These are the Schedule F expense categories that fit a Fruitonomy grower:
- Seeds and plants
- Vegetable seeds, seedlings, starts, herb plants.
- Fertilizers and lime
- Compost, fertilizer, soil amendments, mulch used for growing.
- Chemicals
- Pest and disease control for the trees and garden.
- Feed
- Layer feed, scratch and grit for egg-laying hens or ducks.
- Veterinary and medicine
- Care for the laying flock.
- Supplies
- Picking bags, crates, egg cartons, jars, twine, small hand tools.
- Repairs and maintenance
- Fixing irrigation, coops, fencing and equipment used for the farm.
- Utilities
- The farm’s reasonable share of water, measured or estimated consistently.
- Car and truck expenses
- Mileage for deliveries and supply runs, backed by a mileage log.
- Labor hired
- Wages actually paid to pickers or helpers.
- Rent or lease
- Renting a chipper, tiller or ladder lift.
- Depreciation
- Larger equipment, coops and irrigation systems. Fruit trees you plant are generally depreciated over 10 years once they start bearing, not deducted all at once.
- Insurance
- A farm policy or rider that covers the growing operation.
- Other expenses
- Fruitonomy swap fees, farm-related classes, packaging and labels.