Ag Advantage

Browse these helpful agricultural financial management resources.

Will Your Farm Secure Financing If 2017 Is a Tough Year?

Farm Accounting, Farm Finance

Posted by Brian Bennett on Jun 22, 2017 10:50:00 AM

Assumptions

How can we talk about whether your farm will be able to secure financing? In order to address this question, keeping in mind that it’s June 2017 at the time of this article’s publication, we’re making the following assumptions:

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What Should My Farm Software Be Doing for Me?

Farm Accounting, Farm Finance

Posted by Val Maeker on May 30, 2017 8:40:00 AM

Farm software should give you the information you need to make major financial decisions.

Examples of major financial decisions for your family farm would include things like a large expansion of the operation, taking on a new partner, producing a new product or commodity, or adopting new technology. Does your current farm software identify strengths or weaknesses in your operation, allowing...

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Agricultural Finance: Strategies for Refinancing

Farm Accounting, Farm Finance

Posted by Harold Birch on Jan 4, 2017 11:12:19 AM

Refinancing 101 – Understanding Agricultural Finance

Working capital (WC) is the biggest issue in farms failing. In challenging times, more than 90% of farms fail as a result of a lack working capital; meaning those farms are not able to stay in business long enough to realize a profit. Simply put, working capital equals current assets minus current liability. We want more current assets than...

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Benchmarking for Your Ag-Business

Farm Accounting, Farm Finance

Posted by Sam Bachman on Sep 22, 2016 10:48:36 AM

Benchmarking has had its turn as the darling of the business press and the hot topic solution to all the woes a business faces. Thank goodness the days of it being oversold have passed.

Benchmarking provides a set of insights and perspectives to management teams that take the time to provide accurate information of sufficient detail. They also allow you to get through learning curves of the...

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