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Tag Archives Financial plan

News

Find the key numbers that tell the tale

Using financial indicators and benchmarks gives you the straight goods on how your operation is doing

By
Some easy-to-calculate ratios can give you a quick idea of the health of your farm or ranch. “The Simple Farm Ratio Analyzer is a shortcut Excel program that takes just eight key financial entries and calculates financial ratios for the farm/ranch and colour codes them in comparison to industry benchmarks,” said Rick Dehod, a provincial […] Read more
The Agricultural Business Analyzer is an easy way to create the three key financial statements that measure the health of a business.
News

How’s business? There’s an app for that

Free online tool can tell you exactly how your farm is doing 
financially and create a financial plan for the coming year

By
An online tool for analyzing the performance of your farm business has been upgraded, along with some additional user assistance for the software. The Agricultural Business Analyzer is a set of Excel spreadsheets designed for a farm business. It helps producers prepare the three key financial documents: a balance sheet (that measures net worth), income/expense […] Read more
Crops, Livestock, News

That work you hate pays very well

If you’re still running the farm on a cash basis, you’re tying one hand behind your back

By
Nearly three decades ago, a study of farmers’ work priorities found — to no one’s surprise — that record-keeping ranked well behind field work; buying and selling machinery and crops; and equipment repair. Only 16 per cent hired outside help for record-keeping, 50 per cent did it themselves and 20 per cent named their spouse […] Read more

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