Your Balance Sheet: Most Important Farm Financial Management Tool
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.
- Business plan
- Financial statements
- Record keeping
EC946, reviewed October 1993