Farm Cash Receipts (FCR)
Livestock of farm, type
Livestock refers to animals kept on a farm, it includes horses, cattle, sheep, goats, hogs, foxes, fish, mink, rabbits and poultry. As an asset, it refers to the market value of livestock.
Farm refers to an agricultural operation that produces at least one of the following products intended for sale: crops (hay, field crops, tree fruits or nuts, berries or grapes, vegetables, seed); livestock (cattle, pigs, sheep, horses, game animals, other livestock); poultry (hens, chickens, turkeys, chicks, game birds, other poultry); animal products (milk or cream, eggs, wool, furs, meat); or other agricultural products (Christmas trees, greenhouse or nursery products, mushrooms, sod, honey, maple products).