A new year means new revisions to the FFSC Financial Guidelines for Agriculture. Stay up to date by ordering the 2020 edition of our guidelines document. The Financial Guidelines for Agricultural Production provides recommended standards for format and content of financial reports, recommended financial measures common to all sectors of agriculture, and
Our Farm Futures Ag Finance Boot Camp will help you Master the Business of Agriculture. Join us January 22 at the Marriott Hotel and Conference Center in Coralville, Iowa, for our one-day workshop packed with sessions presented by savvy ag finance experts and lenders. Big Picture Topics: How accrual transactions
by Michael Langemeier, Associate Director, Center for Commercial Agriculture (Excerpt reprinted by permission of the author and Ag Banking Magazine. Find the full article here.) Introduction Repayment capacity measures include capital debt repayment capacity, capital debt repayment margin, replacement margin, term debt and capital lease coverage ratio, and replacement coverage
Reprinted by permission of the Purdue University Center for Commercial Agriculture In April, the Purdue University/CME Group Ag Economy Barometer recorded the fourth largest one-month drop since data collection began in October 2015. The barometer, which is a sentiment index based on a monthly survey of 400 agricultural producers across
An updated version of the Financial Guidelines for Agriculture has been released by the Farm Financial Standards Council. With a January 2019 issue date, this 272-page edition replaces other versions of the document that have been in circulation since 1991. The most recent prior update was done in 2017. Order
(Menomonee Falls, WI — November 1, 2017) Never have the financial stakes been higher in agriculture, yet few producers have the accounting training to effectively monitor and control their expanding operations. In direct response to the Farm Crisis of the ‘80s the Farm Financial Standards Council (the Council) developed its
By Tim Ohlde, President of Elk State Bank People often joke about how much they detest public speaking. But for many, it isn’t a joke, they truly dread the thought of it. And, at least for some people right up there with public speaking is writing. Recently regulators have elevated
Elizabeth A. Yeager and Freddie L. Barnard write about evaluating the effectiveness of operating strategies for firms with different levels of financial leverage. Article re-printed with permission of BankNews Media: Ag Banking: Measure Repayment Capacity
By Scott Sartor In my last three blogs I wrote about the basics of modern technology, how to use data, and how to choose the software that best fits your farm business. So, what does the future look like for farms on the cutting edge? The “Internet of Things” or
By Alan Miller One of the simplest ways to monitor farm financial progress is to compare the owner’s equity (or net worth) reported on the balance sheet at the end of one year to the equity reported a year earlier. If the amount of equity is larger, the farm made
It’s easier than ever to join the Farm Financial Standards Council. Click the link above for more details and register for membership online with just a few clicks.
