Reviewed October 1993

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EC946, Your Balance Sheet: Most Important Farm Financial Management Tool

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Your Balance Sheet: Most Important Farm Financial Management Tool

Editor's note
The following abstract describes a publication that is only available for purchase. A link to ordering information is on this page.

Norlin A. Hein and Herman E. Workman
Department of Agricultural Economics

While some things may be out of a farmer's control, record keeping is not. This publication gives insight into tracking farm finances by using a balance sheet. From it you can determine net worth, working capital, percent equity and leverage ratio. In this publication, learn how to organize, prepare and use a balance sheet in your business. Then use the balance sheet to make business decisions. A sample balance sheet is also included.

Keywords

  • Business plan
  • Financial statements
  • Profitability
  • Record keeping

Pages

  • 20

EC946, reviewed October 1993


EC946 Your Balance Sheet: Most Important Farm Financial Management Tool | University of Missouri Extension