Life's been good…and easy…for most crop producers in the past seven years. Changing conditions, though, will require a new emphasis on proven farm management accounting principles aided by 21st Century technologies.
Life's been good…and easy…for most crop producers in the past seven years. Changing conditions, though, will require a new emphasis on proven farm management accounting principles aided by 21st Century technologies.
Topics: cost accounting, agricultural managerial accounting, farm budgeting, farm mamanagement accounting, Dick Wittman, Farm Futures, farm cash flow projections
Farm accounting can be an incredibly complicated process. Whether you’re an owner, operator, or a dedicated accountant, there are a ton of different...
Standardizing accounting practices for any industry can be incredibly difficult. In farming especially, there are countless variables that can...
Inflation is an ever-present problem for any business—and farms are no exception. Higher inflation rates can mean having to pay more to workers to...
Having liquid assets can be crucial for any business. Farms need money to help fund the acquisition of new acreage, pay for employee labor, buy and...
Managing livestock can be an enormous challenge, even for seasoned farm owners. From managing animal husbandry to raise generations of healthy and...
For any farm, inventory management is one of the most challenging, yet rewarding accounting processes affecting the integrity of your entire...
Every day, farm owners and operators are faced with a series of choices—some major, some minor. From choosing which crops to plant to deciding on...
When preparing your farm enterprise’s business plan, what’s the reason for your analysis? Is it just to hand over to your credit manager for a...
Nobody said managing a farm would be easy. From managing actual crops to tracking financials for farm profitability, modern farming can be...
Financial management can be a crucial part of ensuring farm profitability. Conversations about the agricultural industry tend to focus more on the...
Running farm operations means obtaining supplies from outside vendors and paying them on time. Accounts payable (AP) refers to the money that is owed...
Farm management covers a broad scope of factors. From inventory management to long-term production cycles, having the right tools in place for...
You may have heard the term enterprise used when referring to a more traditional button up business world. And yet, it can also be applied to...
When you’re running a farm made up of multiple specialized enterprises, trying to use solutions designed for other industries or smaller operations...
Roman naturalist and philosopher Pliny the Elder once said "The master's eye is the best fertilizer." If expertise and knowledge are truly the best...
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