Details

Titel

Success rides on more than yields, profits

Ist Teil von

• Corn and Soybean Digest, 2022-02

Ort / Verlag

Overland Park: Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries

Erscheinungsjahr

2022

Quelle

Nexis Uni

Beschreibungen/Notizen

• The higher costs, inflation, interest rates and supply chain situation mean doing a lot of analysis to project the anticipated income and expenses. 2022 will be a year of careful analytics that inform the farmer on how to optimize a decision to lease, buy, sell, or hire, and make other large cash decisions. Careful analysis begins by writing a strategic farm business plan and the “big three” financial statements: income statement, balance sheet and cash flow statement. Each template contains valuable tips and resources for each section of the business plan to assist with the creation of the plan.