“Record-keeping can be a huge time commitment. In my experience working with customers, I’ve learned that record-keeping is not always a first priority.” Angela Barsuglia, Farm Credit East Tax Associate, discusses the importance of accurate financial record-keeping in today’s business climate and how we can help.
Farm Credit East recently presented the results of the 2017 Northeast Dairy Farm Summary. It was a mixed bag – average earnings increased due to a rise in milk prices, but cash flow came in at breakeven for the third year in a row. Read more here.
Management tools are an important piece of a business’s record-keeping strategy, and solid records are key to business success. Beyond tax compliance, a solid record-keeping strategy can reveal ways your business can become more profitable.
As the weather warms across the Northeast, producers are gearing up for another growing season, and financing will be a crucial piece of their plan. Farm Credit East can provide the unique lending options Northeast agriculture, commercial fishing and forest products businesses require. What does a lender look for?