Play offense and pump up your farm’s health
Financial fitness—just like physical fitness—requires desire, willpower and consistency. To slim your spending and pad your wallet, you need to crunch your current numbers and set realistic targets for future costs and profits. Projections for 2019 show continued financial strain for farmers. Instead of playing defense, use the next few months to create an offensive strategy to push you in the profit zone.
Forecast realistic costs and expenses to increase financial performance. Read more.
Are you needing to borrow a larger line of credit this year? Do you wish you had more financial cushion? Develop a working capital improvement plan, encourages Chris Barron, a financial consultant at Ag View Solutions, an Iowa farmer and a Top Producer columnist. Read more.
Pencil out your production needs now to capture potential deals. Read more.
During times of economic strain, it can be difficult to know you’re making the right decisions when it comes to machinery expenses. How do you know if it’s the right choice to purchase a new piece of equipment or continue to repair an old one? Read more.
We asked two bankers to provide questions that can help you start critical year-end conversations with your lender. Here’s part one in a two part series. Read part one here & part two here.