Farm Business: Digital Farm Records Made Easy

🕔Feb 12, 2018Everyone knows the feeling. Boxes upon boxes fill up your garage, closet, attic, and about every other conceivable location, storing all those precious receipts and invoices. For the IRS you […]

Illinois Farm Finances: Ag Debt Continues to Increase

🕔Feb 17, 2017Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown […]

Farm Financial Statements – Tips on Working Capital as Related to Debt/Asset Ratio

🕔Jan 20, 2017Many of you are in the midst of preparing financial statements for 2016. It is important to take the time to prepare a complete and accurate set of financial documents […]

Illinois: How Will Farm Living Affect My 2017 Budgets?

🕔Oct 21, 2016In 2015, the total noncapital living expenses of 1,377 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $78,538–or $6,545 a month for each family. This […]

Mississippi: Sustainable Ag Production Field Day, Batesville, July 15

🕔Jun 28, 2016Farmers can learn about financial management and a new produce safety program during the upcoming Alliance for Sustainable Agricultural Production field day July 15. The on-farm field day will be […]

Farm Finances: Review Interest Rates and Repayment Terms

🕔Mar 16, 2016As agricultural producers reach a time period of moderation in the livestock and crop markets, cost management will be of the utmost importance, reminds Scott Clawson, Oklahoma State University Cooperative […]

Farm Taxes: Keeping Your Records Organized is Key

🕔Dec 14, 2015While most people must file taxes by April 15, 2016, farmers’ and ranchers’ taxes must be filed by March 3rd. Due to the filing deadline many producers are beginning the […]

Farm Business: Good Record-Keeping Improves Profitability

🕔Aug 20, 2015Present-day farm operations are becoming more and more business oriented than yesterday farm operations. Being a good producer is no longer good enough to remain in business. The key to […]

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