Fearless Farm Finances is a one-of-a-kind resource packed with instructions, tips and tools for setting up and managing a farm's financial system. The 2nd edition offers new information and templates for those setting up paper-based systems, a new chapter on farm transition, as well as a new layout and updated resources.
Financial Management for Agribusiness presents a practical approach to financial decision making for all those involved in agribusiness, including farmers, horticulturists and supporting businesses, to manage invested funds, physical resources and labour. It covers all the stages leading to a completed business plan and provides straightforward worked examples for each step. The authors emphasise the need to collect and record the detailed financial and physical records necessary for sound decision making and detail all stages of financial planning, including record keeping, preparation of financial statements, financial analysis, budgeting, income tax, Goods and Services Tax and succession planning. The book clearly explains how past financial information of the business can be used to identify and assess alternative strategies that will aid management in making decisions that meet business and personal objectives. The complete financial management process is then summarised in a comprehensive business plan.
A practical, how-to guide for farmers who want to achieve and maintain financial sustainability in their businesses When you decided to become a farmer, you also became an entrepreneur and business person. In order to be ecologically and financially sustainable, you must understand the basics of accounting and bookkeeping, and learn how to manage a growing business. Author Julia Shanks distills years of teaching and business consulting with farmers into this comprehensive, accessible guide. She covers all aspects of launching, running and growing a successful farm business through effective bookkeeping and business management, providing tools to make managerial decisions, apply for a loan or other financing, and offering general business and strategy advice for growing a business. Whether you've been farming for many years or just getting started, The Farmer's Office gives you the tools needed to think like an entrepreneur and thoughtfully manage your business for success.
This textbook integrates financial economics and management in the area of agricultural finance. The presentation of financial economics discusses how the credit needs of farmer/borrowers are met by depositors through commercial banks. The financial management content presents methods used to make farm financial decisions including farm accounting, capital budgeting, and the analysis of risk. The textbook begins by developing the farm financial market focusing primarily on the market for debt. Next, the textbook presents an overview of accounting concepts important for the credit market. The accounting section provides a detailed discussion of the Farm Financial Standards Council’s suggestions for agricultural financial statements. Following the financial accounting, the book presents the use of ratio analysis applied to the farm firm. Next, the text describes capital budgeting followed by an introduction to risk analysis. Finally, the book presents the effect of debt decisions on the farm firm. In addition to the primary topics, the textbook includes a discussion of agricultural banking and monetary policy and an analysis of the choice of historical cost and market valued accounting methodologies on the farm debt decision.
