Financial Planning Archives - Page 5 of 5

Here are some simple strategies to help grain and livestock producers trim costs. Little costs add up. Combining a few of these could make a big difference

By Karen Cartwright March 23, 2009

We have all heard that a penny saved is a penny earned, but in today’s farming climate of ever-fluctuating input costs and grain and livestock prices, pennies are hard to earn and save. Here are some strategies to deal with higher farming costs for both grain and livestock farmers. STRATEGIES FOR GRAIN FARMERS 1. Consider […] Read more

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If you need money to fund a business expansion, include your account manager in the planning process. Your chance of approval is better that way

By Robin Christian Blythe March 23, 2009

Your account manager wants repayment to be as easy as possible for you. Let them know when would be the best time for your cash flow, and the account manager can make that happen. Here’s a common scenario: A farm couple uses their accountant and lawyer as resources when making decisions to expand the business. […] Read more

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Here are five tools to help you reduce the tax burden of farm transfer

By Shawn Friesen March 23, 2009

In this article, I will go into more detail on a very important part of the succession process: income tax. (In the February 9 Grainews, page 44, I had listed five basic steps to help start and progress a viable succession plan for your farm business.) While there may be many years where a farmer […] Read more

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Account managers like to work ratios before approving a loan. A balance sheet showing assets, liabilities and net worth for your farm helps in ratio analysis

By Robin Christian Blythe March 23, 2009

When meeting with your account manager, come prepared. At the time of booking your appointment, find out what you need to bring. Maybe the bank or credit union already has your most up-to-date financial information in the file, maybe it doesn’t. It’s good to have the last three years income tax returns and a statement […] Read more

Daily Network News

USDA attachés forecast some changes in China’s oilseeds, cereals

China urges hog producers to manage output, vows timely reserve adjustments

Farm Credit Canada offers aid to farmers, companies affected by Iran war price spikes

Tag Archives Financial Planning

Here are some simple strategies to help grain and livestock producers trim costs. Little costs add up. Combining a few of these could make a big difference

If you need money to fund a business expansion, include your account manager in the planning process. Your chance of approval is better that way

Here are five tools to help you reduce the tax burden of farm transfer

Account managers like to work ratios before approving a loan. A balance sheet showing assets, liabilities and net worth for your farm helps in ratio analysis

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