AgriVision Episode 23 – At a Crossroads
Host Katie Wantoch and Jim Versweyveld, Agriculture Extension educator in Walworth County, discuss viability of a dairy farm and future retirement options for a farm couple.
Financial
The University of Wisconsin-Madison Division of Extension Financial Management & Strategic Planning programs, information and resources intend to improve the farm financial and decision-making skills of Wisconsin agribusiness, farmers and farm managers, agricultural lenders and educators.
For help with financial and/or production records, you can contact your local Extension office or work with your lender.
Financial resources
Interpreting Financial Statements and Measures (IFSaM)
Interpretation of common financial statements. Learn how to use your financial statements in day-to-day management of your farm management.
Farm Financial Score Card
A guide to farm financial ratios from business financial statements including Balance Sheet, Income Statement and Cash-flow Statement.
Farm Business Financial Management Model
To understand the farm business’ records, one needs to understand the purpose records serve to and for the farm manager. The Farm Business Financial Model offers a linear and circular process for informed decision-making. Records feed into reports, and reports help farmers integrate financial sense into farm production decisions.
Latest Financial News
Articles
AgriVision Episode 22 – Buying a chopper
Host Katie Wantoch and Ben Jenkins, Agriculture Extension educator in Green Lake County, discuss a farmer and his son who are considering buying a new chopper and how to cash flow this purchase.
AgriVision Episode 21 – Does it make sense to buy farmland at our age?
Host Katie Wantoch and Simon Jette-Nantel, former Assistant Professor at UW-River Falls and Extension Farm Management Specialist, discuss whether a land purchase is a profitable acquisition compared to other retirement investments for a farm couple.
AgriVision Episode 20 – Building resiliency helps weather ups, downs of markets
Host Katie Wantoch and Kaitlyn Davis, Extension Agriculture Educator in LaCrosse County, discuss if a farmer and his son should prioritize paying down debt this year instead of replacing some equipment.
AgriVision Episode 19 – Short on hay
Host Katie Wantoch and Richard Halopka, Extension crops and soils educator in Clark County, discuss the advantages and disadvantages of a farmer purchasing locally grown hay or hay from western states.
AgriVision Episode 17 – There are pluses to buying forages
Host Katie Wantoch and Richard Halopka, Extension crops and soils educator in Clark County, discuss buying forages and calculating feed inventory for future needs.
AgriVision Episode 16 – Timing farming retirement
Host Katie Wantoch and Lyssa Seefeldt, Extension Dairy and Livestock Educator in Eau Claire County, discuss a farmer and his wife who are looking for advice on next steps for their dairy farm and timing the sale of their cows.
Sistema contable
Un sistema contable es un conjunto de acciones y métodos diseñados para recolectar, almacenar y procesar transacciones financieras en informes administrativos para la toma de decisiones.
Cómo entender el estado de capital del propietario
El estado de capital del propietario concilia el cambio en capital del balance general inicial al balance general final para el negocio de la granja. También se conoce como declaración de capital propio y muestra la fuente del cambio.
Cómo entender el estado de flujo de efectivo
El estado de flujo de efectivo da seguimiento a las fuentes y a los usos del efectivo en el negocio de la granja durante el año anterior. También agrega perspectiva a la comprensión de la posición financiera y al desempeño del negocio de la granja.
Recopilación y organización de registros
La agricultura es un negocio complejo que exige registros precisos y una administración financiera cuidadosa.
Preparación de un estado de resultados
El estado de resultados es un informe del desempeño financiero del negocio de la granja durante un plazo dado. Mide las ganancias o las pérdidas en un periodo determinado.
