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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

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Reading Time: 2 minutes 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

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Reading Time: < 1 minute 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

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Reading Time: 2 minutes 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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