Farm Balance Sheets

The most basic farm financial statement is the balance sheet.  The balance sheet is a listing of all of the farm assets and liabilities at a particular point in time.  The balance sheet provides information about the liquidity and solvency of the farm.  It is a great tool for tracking changes in wealth from one […]

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Money & Markets:Working with your Lender

You don’t have to borrow money to start your business, but borrowing money can get you to your dream of a farm much faster than waiting to save up the necessary cash. That means you need to develop a good relationship with an agricultural lender. A relationship with your lender can be an important asset […]

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Vegetable budgets

The Center for Dairy Profitability provides budgets and cost information for more than just dairy operations.  You can find enterprise budgets for 23 different vegetable crops on their website, from asparagus to winter squash.  Fresh market vegetable costs and returns can vary widely from farm to farm, so the budgets are best used as a […]

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Money & Markets:Keeping Track and Moving Forward

Record keeping is one of those boring jobs that we need to train ourselves to do on any production setting. There is a large benefit to knowing what we have done and are we or are we not moving forward in our operations. There are many reasons that we want to keep records. The first […]

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Money & Markets: Marketing the Holiday Goodies

As Fall is rolling around the corner, we may have some traditional holiday items for sale.  Examples are the pumpkins at Halloween or a Thanksgiving turkey. Perhaps you just have some home raised produce or crafts that you would like to market. Well, here are a few helpful hints to get the most out of […]

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Money & Markets: Direct Marketing Meat

Whether you are currently a meat producer, or thinking of starting a livestock business and selling directly to consumers, there are some important things to consider. Selling meat directly to consumers is completely different from selling animals through commodity market outlets such as auctions, livestock sales yards or commission agents. The good news is that […]

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Money & Markets: Budgets and Budgeting Enterprise Budgets

Enterprise budgets are an important tool for planning and for ongoing farm financial management. While many producers develop their own budgets, some producers choose to start with existing budgets and adjust them for their own enterprises. These budgets represent only one set of many possible cultural and management practices, and they do not account for […]

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Building a Sustainable Business

Building a sustainable business takes hard work, dedication, and planning.  “Building a Sustainable Business: A Guide to Developing a Business Plan for Farms and Rural Businesses” is a helpful resource on developing your farm business plan available in English and Spanish.  This book was developed by the Minnesota Institute for Sustainable Agriculture to help guide the […]

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Farmstays

Agritourism is an opportunity to diversify your farm business and potentially add money in your pocket.  More information on farmstays as an opportunity in agritourism is discussed in the Minnesota Institute for Sustainable Agriculture’s book “Farmstay”.

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