8. What does a cooperator receive? 1.A complete record of his farm business Each farmer maintains a complete production and financial record of his farm business. Receipts, expenses, inventories and capital accounts, along with crop and livestock production records, provide information for the analysis reports. At the end of the accounting period, totals are transferred via remote computer terminals for computers to take over the routine jobs of summarizing, analyzing, and printing the reports. 2.Computerized business reports Income Statement shows profitability and how much money is available for family living and new investments. Cash Flow helps to plan the availability of funds to meet loan repayment schedules, operating expenses, and family living needs. New Worth is used to evaluate risk and financial progress. Comparative Analysis compares returns and cost structures of farms and enterprises of similar size and type. Enterprise and Trend Reports are provided as requested and needed by the cooperator c.Counsel with a specialist An experienced Farm Analysis Specialist edits the record information and supervises the preparation of all reports. He meets regularly with each cooperator to help interpret analysis reports and provide informed counsel on financial management problems: Production costs Tax law changes Capital debt repayment capacity Projected cash flows Selection of business structure Investment analysis alternatives Estate planning Personnel management 4.Newsletters and Publications Specialists prepare and distribute, in cooperation with the University of Illinois, Department of Agricultural and Consumer Economics, newsletters offering timely management tips, latest on state and federal tax regulations, and useful farm planning informations. 5.Income tax planning and preparation Income tax planning and preparation assistance is available for those who request it