Eisenhower once said "Farming looks mighty easy when your plow is a pencil and you're a thousand miles from the corn field." But for the back office, their plow is the pencil. While the pencil itself may not make the actual work in the field easier, applying guidelines in the back office can make the business of farming easier.
The guidelines created by the Farm Financial Standards Council (FFSC) can help improve the quality of financial management standards on your farm. These guidelines serve as a framework for financial management practices in the agriculture industry. Implementing these standards will help your farm establish benchmarks, make informed decisions, and have accurate and comparable financial data to refer to across accounting periods.