In prior installments in this series, we covered the two key questions in the Growth Path Accounting Decision Tree.  This month we continue tracing the accounting results from these decisions.

In prior installments in this series, we covered the two key questions in the Growth Path Accounting Decision Tree.  This month we continue tracing the accounting results from these decisions.

Last month we reprised a series that was first published over 20 years ago documenting a proven process used by a generation of FBS users. While technology has advanced in quantum leaps, the growing complexity of farming operations requires the same core decision-making processes to select, implement and grow an accounting system.

The Assumptions Behind Growth Path Accounting 

Prescription Farming for Your Financial Records

Two recent articles in the farm press validate how far farm management technology has come, yet how far it has yet to progress to make a serious business impact.

"The next generation of agricultural managers are asking how the industry can enable seamless data exchange between machines and Farm Management Information Systems.  The costs of exchanging data are high due to the lack of common implementation guidelines, data transfer protocols, message standards, and standard reference data.  Producers report that it is difficult or nearly impossible to move data from one system to another.  To do so almost always requires data reentry, manual data transformation, and/or specialists to manage data."

Chris Barron of Carson and Barron Farms and a columnist with Top Farmer Magazine, introduces encourages a proactive approach to farm margin management in the recent article, Financial Fitness for Tomorrow.