Farm financial statements can offer you a lot more than just a way to keep score
If you had time to go golfing or perhaps mini-golfing last summer, you likely filled out a scorecard to track your success (or lack thereof). Keeping score allows you to track your progress and rank yourself against your competition. The golf clubs, green fees, and your time represent a significant investment and the scorecard measures […] Read more
Financial Planning: A cash flow projection is a versatile financial risk management tool
Preparing a cash flow projection as part of your annual farm budget process could provide a signal that changes are needed for the upcoming year. While it’s true farmers have no control over the weather or commodity markets, we do have control over most costs. With the exception of unpredictable pesticide decisions, annual expenses may […] Read more
Many farmers use joint ventures informally. Getting it in writing can make things simpler
Many family farms have participated in variations of revenue and/or cost sharing arrangements. A typical scenario involves family or neighbours sharing equipment and labour to minimize costs, reduce the cost of production and improve the bottom line. However, inefficiencies and disputes over the value of contributions can result from these informal arrangements. Formalizing and documenting […] Read more
MEMBERSHIP
Register Using Your Social Account
If you are having trouble, please contact Customer Service at [email protected],
or by phone at 1-800-665-1362. Our business hours are 8:00am to 4:00pm CST.
