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11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth
14
Jan

Fundamentals beginning farmers need to run a successful business

January 14, 2020

By: Heather Hunt

For a beginning entrepreneur, cultivating financial skills is essential to the health and success of your business. Whether you need help organizing your finances into manageable tasks or advice on how to approach a lender, Chris Laughton covers a range of financial topics of interest to beginning farmers.

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Posted In: FarmStart and Beginning Farmers

Tags: balance sheet, business management, business planning, cash flow statement, cash flow, cash management, expenses, farm expenses, financing, real-time accounting data, record keeping, young & beginning farmers
24
Jul

Unleash the Equity in your Rural Property

July 24, 2018

By: Patrick Coates

Leveraging the equity you have in rural property can provide the funds you need to buy additional acres, construct a home or barn, or remodel an existing structure. Patrick Coates, Farm Credit East Mortgage Specialist, shares few scenarios when tapping into this equity may be beneficial.

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Posted In: Business Tips and Tools

Tags: cash flow, country living, estate management, estate planning, land management, real estate, return on assets, return on equity, return on investment
10
Jul

Knowing Your Cost of Production Can Help with Sound Management Decisions

July 10, 2018

By: Chris Laughton

In any business, including natural resource-based enterprises like farming, fishing and forestry, knowing your costs has always been important. But in today’s world of tight margins, it is imperative. Knowing, and managing, your cost of production is essential to running a profitable operation.

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Posted In: Business Tips and Tools

Tags: ag expenses, business management, cash accounting, cash flow statement, cash flow, cash management, efficiency, employee management, farm business, farm expenses, financing, fixed costs, labor, milk, profitability, variable costs

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The Importance of Liquidity

Fundamentals beginning farmers need to run a successful business

Unleash the Equity in your Rural Property

Knowing Your Cost of Production Can Help with Sound Management Decisions

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