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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
29
May

Keeping an Eye on the Bottom Line

May 29, 2018

By: Angela Barsuglia

“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.

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Tags: accrual accounting, balance sheet, business management, business planning, cash accounting, cash flow, communication, consulting, profitability, real-time accounting data, record keeping
15
May

A Review: 2017 Northeast Dairy Financial Results

May 15, 2018

By: Chris Laughton

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.

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Posted In: Ag Economy

Tags: ag outlook, balance sheet, business management, business planning, cash flow, consulting, dairy expenses, dairy revenue, dairy, dairy benchmarking, economy, efficiency, farm business, farm expenses, farm management, financial management, fixed costs, labor, production, variable costs

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Today's Harvest

Unleash the Equity in your Rural Property

Knowing Your Cost of Production Can Help with Sound Management Decisions

Keeping an Eye on the Bottom Line

A Review: 2017 Northeast Dairy Financial Results

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