Farmers can reduce their accounting bills by coming prepared, streamlining records and choosing the right accountant, farm family coach Alyssa Brown writes.
Tag Archives Farm Finance
Save on your farm accounting fees
Farm Family Coach: Practical tips for farmers to make meetings with accountants more efficient and avoid unnecessary costs
Ratios help tell the financial story on beef farms
Costs of Production: Benchmarks provide evaluations of how costs relate to income
Beef operation ratios such as gross margin, gross income and contribution margin can help farmers evaluate their businesses
Finding a ‘bridge’ over transition waters
A will or partnership agreement is important, but is not a farm succession plan
Maggie Van Camp understands the challenges as well as the tremendous value of farm succession planning. She’s been on that road a couple of times in her life as a seventh-generation Ontario farmer, as well as a communicator and agricultural consultant. The first time was after the sudden death of her husband in a farming […] Read more
Create more financial transparency with your farm team
Farm partners need to be able to be frank about their financial realities
Where is “You don’t talk about money!” written in the farm family rule book? Recently on a coaching call, a farm family admitted a huge “undiscussabull” within the family had caused great stress to their over-40-year-old son. This non-farming son did not have any clue about the profitability of the farm, what the parents needed […] Read more
Why would a farmer be interested in stocks?
The goal is to make money and grow your asset base
Over the past five years, I hope to have convinced some to gather a nest egg in stocks, whether in a TFSA, RRSP or a taxable account. I am curious if you have started because of what I have written and how many are following the Titanium-Strength Portfolio (TSP). Please send a short email to […] Read more
Cyber-Savvy Farmer
