Thursday, September 19, 2019
Farming 101

Farming 101

Farm and Dairy is featuring a series of “101” columns throughout the year to help young and beginning farmers master farm living. From finances to management to machinery repair and animal care, farmers do it all.

dollar bills

Before approaching a lender, ask yourself: How much money do I need? Why do I need it? And how will I pay it back?
laptop

A business plan should be realistic, simple, specific and complete. Break your business plan up into these 5 sections to make it less overwhelming to write.
finance sheet and calculator

Just as it is important to keep records of your farm finances, it is important to have a record of your personal finances. Here are five reasons why you should keep them separate.
calculator and finances

Understanding how much money is coming in and going out and where it is going to or coming from is an important record keeping practice on your farm.
picture of paper work

The balance sheet is a snapshot of what the farm business owns (assets) and what it owes (liabilities). Do your first farm balance sheet when you begin farming.
corn kernels and dollar bills

These are the top five things young and beginning farmers should think about when it comes to their farm finances, according to Dianne Shoemaker,...
Get 4 Weeks of Farm and Dairy Home Delivered Sign Up for your FREE Trial
Hello. Add your message here.