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Child Care Assistance Program Policy Manual Issued 11/2022 Annualizing farm income 6.15.12 Calculate and annualize farm income based on the self-employment income calculation method chosen by the family. See Chapter 6.15.6 (Annualizing Self-Employment Income). Common types of farm income include: • Proceeds from sale of crops, livestock or products. • Production from livestock. • Income from home-produced foods. • Soil conservation payments and other subsidies. • Farm-related insurance payments. • Proceeds from rent, including wages to the farmer/operator. • Capital gains. Legal authority Minnesota Statutes 119B.09, subd. 4 Minnesota Statutes 119B.011, subd. 15 Minnesota Rules 3400.0170, subp. 10