Can you tell a friend what managerial accounting is?
Have you ever wondered how you can make money on paper and have no money in your checkbook?
Is adding more productive units the only way to improve profitability?
If you answered "no" to any of these questions, then Harvesting a Profit, Farm Credit East's Profitability Guide, is for you!
Harvesting a Profit explains how to measure profitability in agriculture. It is targeted for students or farmers beginning a career in production agriculture with minimal exposure to financial analysis, farm management, marketing and economics. Harvesting a Profit emphasizes the positive side of agriculture. Although geared toward production, any business can use it in their planning and control.
To order your copy of Harvesting a Profit, contact Marianne Kukulka at Marianne.Kukulka@FarmCreditEast.com or 800.562.2235.
Farm Credit East, along with more than 20 supporting organizations, held a three-part webinar series geared towards beginning and start-up farmers. This series, entitled Harvesting a Profit, covered basic business management topics for small- to mid-sized farms, such as understanding financial statements, planning and measuring profitability.
Harvesting a Profit: Understanding Financial Statements to Improve Profitability
Friday, November 6, 2015
Harvesting a Profit starts with an introduction to accounting and financial management for your farm business. This webinar helps you to understand your business's financial statements, accounting methods and measure profitability. The webinar concluded with a case study to review the financial results of a sample farm. View the recording
Harvesting a Profit: Benchmarking your Business with an Agribusiness Analysis
Friday, November 20, 2015
This webinar helped to understand how to use profit measures effectively, set goals and benchmark your business against others in the industry. It covered management styles and gross margin analysis. The webinar concluded with a case study reviewing the topics covered in this session. View the recording
Harvesting a Profit: What is a Lender Looking For?
Monday, November 30, 2015
This session discussed how to finance your business and the "Five Cs" of credit your lender looks for. It included an interview with Keith Stechschulte, Enfield Branch Office Manager, who will discussed how to "do your homework" before heading to the bank. The session also interviewed Lynn Weaver, Manager of FarmStart, LLP who discussed some great tips for beginning farmers. View the recording