Farm Finance Blog

Is your farm profitable enough?
July 2014

July and August are times of lots of routine work on the farm. Cultivating, hoeing, baling, picking. If our bodies are busy with routine, our minds can wander… Read more.

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Taming the paperwork cyclone: Good data in means good data out
June 2014

I’ve got a neighbor whose truck scares me. The bookkeeper in me cringes as I see receipts flying around the cab, grubby on the floor, or wedged behind the visor… Read more.

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Is a farmers’ market a good marketing choice for you?
May 2014

Although I’ve never had a farmers’ market stall of my own, I’ve worked for various friends for several years as a market helper. I’ve experienced the charge of excitement getting ready for the first markets of the season, as well as the drain of energy and enthusiasm as the season plods on.  Read more.

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Tips to make your chart of accounts work better for you
April 2014

I don’t suppose many people spend a lot of time thinking about their chart of accounts. But, if you were to spend some time thinking about it….  Read more.

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What the heck is depreciation, and why do I need it in my financial statements?
March 2014

Last week I took my pile of papers to my accountant so he could prepare my annual taxes. (Yes, even though I’ve been a financial manager for years, I feel it’s worthwhile to pay a knowledgeable accountant to do my taxes!)  Read more.

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Art and science: budgeting
February 2014

I’ve operated a farm for several years now, and I’ve never made a budget. As a hobby farmer, I’ve figured out that I’ll pay what I need to pay to keep the sheep thriving, and try to price my chickens so that they are a money-generating proposition.  Read more.

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Are you ready to create your balance sheet?
January 2014

It’s the beginning of the year, and we all should be thinking about balance sheets. Well, we’re probably thinking more about keeping the livestock water unfrozen, but when you have a few moments after supper you might want to turn your thoughts to balance sheets.  Read more.

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Is that turkey an income or an expense (or both!)? Hobby vs. farm business
November 2013

This will be the first Thanksgiving in eight years that I won’t be serving my family a turkey raised on my own farm. Am I sad? Not too much.  Read more.

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Paying now can save later
November 2013

Do you have big bills for hay or seed that come across your desk in Feb. or March? If you’re like me, with animal sales in the late summer and fall, you don’t want big bills you need to pay in the late winter.  Read more.

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To buy or not to buy?
November 2013

My neighbors spend a lot of time each November deciding whether to buy new equipment before, or after the New Year. Since the full value of a capital purchase is assigned to the financial year it is made, the timing of the purchase….  Read more.

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Planning for Enterprise Analysis
May 2013

May in the Midwest means long stretches of time involving repetitive work — long hours in the tractor, behind a tiller, on a planter, or on hands and knees in the soil.  Read more.

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Pricing Your Products
April 2013

April brings us deep into mud season, generally too early to be out in the fields. This may be a good time to think about how you are pricing your products.  Read more.

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Jody
Jody Padgham
Editor, Fearless Farm Finances
jody@mosesorganic.org

 

 

USDA
The MOSES Finance Blog is supported through a partnership with the USDA Risk Management Agency.