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Articles Tagged with ''balance sheet''

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You can farm, but you also need to manage your financials

Good financial management includes utilizing a timely and accurate balance sheet, an accrual-adjusted income statement and a cash flow statement.
July 17, 2023
Brad Guse

“Leave me alone and let me farm!” I’ve heard this from many a client over the years, sometimes in response to my request for timely financial reporting. But it is the wrong response. 


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Asset-based valuation vs. business valuation: What’s the difference?

Reviewing tangible and intangible assets are two factors when determining an operation’s value.
June 30, 2023
Jay Retzer

Lenders tend to put a lot of weight on the strength of the balance sheet and primarily appraise tangible assets to make our balance sheet flow. This helps to set sale prices and make lending work. 


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What you need to know about renewable natural gas expansion

Financial pros and cons of adding a renewable natural gas project to your operation.
May 22, 2023
Brad Guse and Janine Sekulic

There’s a lot of buzz around renewable natural gas (RNG) as a means for dairy farmers to diversify revenue while improving their carbon footprints. For many operators, it can be a particularly attractive option, especially given the current market and economic conditions.


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Farming and ranching – hay in the stack versus hay on paper

April 10, 2023
R. Jed Myers

My fear is that if we as ag producers don’t understand (or worse yet don’t pay attention to) these financial tools of cash position, budgets or profit and loss statements, and balance sheets, we may have marginal business managers of ag production in the decade of 2020 and beyond struggle unnecessarily.


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[Podcast] Budgeting tips with DeDe Jones, and the best and worst Christmas songs

December 1, 2022

In this episode, Editor Carrie Veselka discusses budgeting tips and financial habits for the new year with DeDe Jones from Texas A&M University. Also, Carrie, David Cooper, Cassidy Woolsey, and Paul and Tyrell Marchant preview the December issue of Progressive Cattle and duke out the best and worst Christmas songs of all time.


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A four-step guide to assembling financial statements

January 29, 2022
John P. Hewlett and Jeff Tranel
Constructing accurate financial statements for your farm or ranch business is one of the basic steps for management success.
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Balance sheet pits and potholes: Focus on inventory

October 8, 2021
Kevin Bernhardt
As people who live in rural areas, we are all used to the potholes that jar our vehicles and rattle our teeth. Likewise, the financial statements that measure the position and performance of our dairy businesses have potholes that are sometimes difficult to navigate.
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Starting 2021 on the right foot financially

February 11, 2021
John P. Hewlett, Jay Parsons, and Jeff Tranel
This can be a busy time of year for many farmers and ranchers. Calving season may be in full swing, feeding and other chores are carried out in cold weather, and tax returns are completed and filed. In addition, there are a plethora of meetings, conferences and other educational opportunities.
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