Making sure the farm is financially organized could be a key to running a successful and sustainable operation. Unlike many other industries, farmers are faced with unique challenges such as fluctuating market prices, unpredictable weather and potentially volatile cash flows. Ensuring you are aware of the current financial position of the farm by creating accurate and timely reports can allow you to make quick decisions when necessary.

Another year has come and gone, and now it's 2025! A common process for many of us is to set goals or resolutions to strive for in the new year. A new year is a new beginning – a time to reflect on what has worked so far and what may need some adjustments.

As harvest season approaches, you should have a good sense of your expected yields and the financial investments required to achieve them. To best prepare for next season, utilize this information with updated data on expenses and markets to calculate your true break-even point – defined as the value per unit where all expenses for the crop are covered by its revenue.

When it comes to farm versus household accounts, separate checking, savings and other accounts can safeguard business funds from personal ones, allow farms to monitor farm spending more easily and assist with recordkeeping of the farm’s finances.

We spend a lot of time talking about properly saving and investing money to ensure a happy retirement, but if you are not investing in your own health, what good is monetary wealth?

Considerations and methods to develop a simple record-keeping system.

Another year, another season of taxes. It’s the same time every year, but for many of us, the time seems to sneak up as the days go by quickly.

As the prospect of a new year dawns, it's an opportune moment to consider refining our record-keeping habits. Transitioning from traditional paper records to digital platforms can be transformative, and here's a comprehensive guide on how to make that change.