How to approach a lender: Tips for getting a farm loan
Before approaching a lender, ask yourself: How much money do I need? Why do I need it? And how will I pay it back?
What to include in your farm business plan
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.
Personal and business records: Keep them separate
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.
5 items for your farm’s cash flow statement
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.
The farm balance sheet
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.
5 things young farmers should know about finances
These are the top five things young and beginning farmers should think about when it comes to their farm finances, according to Dianne Shoemaker,...
