How Can I Properly Track My Credit Card Purchases?
In most accounting systems, there are a couple of ways to track credit card purchases. Understanding your options is important in monitoring..
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Operating Loan Renewal Process
The operating loan renewal process can be daunting, especially in today’s arduous environment. The purpose of this article is to explore the..
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5 Types of Documents Commonly Needed for an Agricultural..
Gathering documents while applying for an agricultural loan is often challenging. yet there is no way to tell a short-cut in providing loan ..
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Tips for Building Your Agriculture Budget
“I have a budget, but it is in my head.” Does that sound like something you would say? Well, you need to get the budget out of your head and..
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Risk Management and the Row Crop Farmer
The writers of Seinfeld thought the field of risk management was obscure enough to serve as the foil for George’s pathetic career efforts. I..
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Why Current Ratio Is Important in Agriculture
Current ratio is a curious metric in production agriculture. Sometimes it seems like it is the banker’s most important financial ratio; othe..
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How to Conduct a Mid-Year Farm Budget Checkup
A budget is the farm owner’s plan of action. Without a budget, the owner is literally shooting from the hip when it comes to trying to plan ..
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Beef Enterprise Accounting
What’s the current state of your farm accounting? Are you using appropriate systems for your beef production? Depending on the type and purp..
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Can Your Farm Secure Financing If 2020 Is Another Tough..
It seems that each year throws new challenges at farmers, and 2020 is looking to be no exception. Every farm business is individual, and con..
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Payroll - How To Properly Set It Up
For many farm businesses, payroll is a big segment of their operation, which is why it’s good practice to review your payroll material every..
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Loan Application: Challenges & Preparation for Success
As you are applying for new operating loans or new term loans with your current lender(s) or a prospective new lender, do not be surprised i..
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Interest Expense Ratio—How Is It Calculated and Why Is It..
What is the interest expense ratio? For the purpose of this discussion, the interest expense ratio is calculated by dividing your business’s..
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5 Things for Farmers to Consider During the 2019 Tax..
As the 2019 tax season quickly approaches, the main focus of most tax preparers and practitioners is meeting with clients to properly plan f..
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What Is the Operating Expense Ratio and Why Does It Matter?
“Efficiency is doing things right. Effectiveness is doing the right thing.” – Zig Ziglar
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What Is ATO, Why Is It Important,  & How Does It Impact My..
Your farm needs productive assets. Agricultural businesses utilize a variety of assets: land, buildings, equipment, vehicles, grain inventor..
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Preparing Agriculture Financial Statements
What’s your current process for producing farm financial statements? Preparing financial statements is a critical task for the success of an..
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