Today's Harvest

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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
3
Oct

How much money are you leaving on the table?

October 03, 2017

By: Jim Putnam

Estimates are that $600 million in profitability (based on $8.4 billion of gross sales) is missed each year in Northeast agriculture. Don’t leave money on the table, or miss an opportunity for your farm business.

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Posted In: Business Tips and Tools

Tags: GenerationNext, ag expenses, ag outlook, business management, business planning, cash accounting, cash flow, cash management, communication, farm succession, farm management, profitability
17
Aug

Solid records for efficient business management

August 17, 2017

By: Kristie Matuszewski

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.

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Posted In: Farm Credit

Tags: accrual accounting, balance sheet, cash accounting, cash flow statement, cash flow, cash management, cost of production, profitability, record keeping, taxes
30
Jan

10 ways to manage your business during challenging times

January 30, 2017

By: Keith Dickinson

As a business owner, it can be easy to hope things will soon return to “normal” when it comes to agricultural cycles. It is tempting to assume a downturn will end and that markets will improve, but that approach doesn’t prepare your business for an ‘abnormal’ situation.

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Posted In: Financial Management

Tags: business management, business planning, cash management, communication, cost of production, efficiency, expenses, farm expenses, farm management, productivity, profitability, record keeping

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Knowing Your Cost of Production Can Help with Sound Management Decisions

How much money are you leaving on the table?

Solid records for efficient business management

10 ways to manage your business during challenging times

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