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MPIS Financial and Production Requirements |
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Farm Financial History - Records scheduled payments
- Performs adjustments to reflect payment
Farm Production History - Records all values compiled and computed during a production period
- Provides access to prior period values for strategic planning
- Allows for ad-hoc or 'what if' computations without compromising real data
Member Equity - Transfers values from financial history to member equity
- Accounts for allocation of net margin, revolvement of equity, retirement, and estate payments
- Maintains equity values with recognition of control and authorization
- Generates Form 1099 for all relevant parties
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