How updating risk management plans can help increase business confidence and reduce stress caused by COVID-19.
January can be a financially tough on the farm as the post-holiday crunch is a time of high expenses and tight income.
When it comes to budgeting for farm businesses, financial advisors say greater adaptability in managing variable income, carefully consideration of what constitutes a true farm expense and financial clarity can all go a long way.
Have a spring cash flow plan created as much as a year ahead. Sit down annually with a financial to review your balance sheet and income statement.
Are you on top of your farm financial fitness? Find out more about Canadian farm income, asset values and debt and what you can do to stay strong in 2019.
What is cash flow, and how can you use it to make the best farm management decisions?
Developing the business is a goal for many farm families working through transition. Truly accounting for machinery costs, however, isn’t always considered.
Good working capital is always important, but when there’s a weakening economy or an industry with declining income – as we expect in 2017 – it’s also your first line of defence. This post examines two ratios you can use to help ensure you’ve got that in place: the current ratio, and the working capital to gross revenue ratio.
How calculating liquidity, solvency and profitability can help you manage your cash flow, manage debt and stay profitable.
Deciding to buy or lease farm equipment can be difficult. Lance Stockbrugger explains the differences and how it can affect your cost of production.