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.
Farm Pulse
Information on how to use farm financials to explore farm business decisions. This course will help farmers evaluate their finances, take the pulse of their farm business, and set goals for the future of their operation.
The farm financial model helps the farmer make the best decisions for the farm business. From record-keeping to financial analysis, this model illustrates how to make sound financial decisions and identifies tools to help in the process. 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 process for informed decision-making.
The farmer must collect and organize income and expense receipts in an accounting system before generating financial statements. Receipt accounting is also referred to as record keeping.
Organizing the records provides the farmer with the financial information necessary to complete management reports, which are also known as financial statements. The Farm Financial Standards Council (FFSC) recommends farmers create four financial statements from which the financial position and performance may be analyzed. Financial statements should be prepared on a consistent basis. Statements include balance sheet, income statement, statement of cash flows, and statement of owner equity.
Understanding the farm business’s history of financial position and financial performance provides a basis for the farmer to make decisions and plan into the future. Pro forma refers to the future view of the farm’s financial position and performance. For example, what would the balance sheet look like after a future expansion? The future financial position can be analyzed for feasibility, profitability, and risk-ability. Pro forma financial statements complement the farm’s budgets. Cash, partial, and enterprise budgets are commonly used to assist the farmer in decision-making.
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.
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.
Host Katie Wantoch and Richard Halopka, Extension crops and soils educator in Clark County, discuss buying forages and calculating feed inventory for future needs.
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.
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.
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.
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.
La agricultura es un negocio complejo que exige registros precisos y una administración financiera cuidadosa.
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.
El modelo financiero para una granja ofrece un proceso lineal y circular para tomar decisiones de manera informada. Los registros se ingresan en informes y los informes ayudan a los agricultores a integrar sentido financiero en las decisiones de producción de la granja.
Daim Ntawv ntawm Statement of Owner Equity, kho kom haum qhov kev hloov ntawm cov nyiaj equity thaum pib ntawm daim ntawv balance sheet rau qhov xaus ntawm daim ntawv balance sheet from daim teb lub lag luam.
Daim ntawv ntawm Cov Nyiaj Ntsuab siv mus los statement of cash flows ceev qhia cov khoom siv thiab nyiaj ntsuab es siv rau hauv lub lam luam ntawm daim teb lub xyoo tas los no. Nws kuj qhia tau kom paub thiab nkag siab txog tias lub lag luam kev khwv tau nyiaj yog zoo li cas tam sim no thiab lag luam khiav zoo li cas ntawm daim teb qhov lag luam.
Ua teb mas yog ib qho lag luam cov nyom heev es thiaj yuav tsum tau ceev cov ntaub ntawv kom raug thiab ua twb zoo tswj cov nyiaj txiag.
Daim ntawv income statement yog ib daim ntawv qhia txog lub laj luam ntawm daim teb txog cov nyiaj txiag ntawm ib lub sij hawm twg. Nws luj xyuas qhov kas nplais thiab poob peev ntawm ib lub sij hawm twg.
Daim ntawv Balance Sheet yog ib daim ntawv qhia txog lub lag luam ntawm daim teb txog cov nyiaj txiag ntawm ib lub sij hawm twg. Nws teeb cov khoom ntiag tug (assets) kev lav phib xaub (liabilities), thiab lub lag luam raug nqi npaum cas (tus tswv cov nyiaj equity) thiab qhia txog lub lag luam ntawm daim teb kom pom ib muag ntawm ib ib hnub vas thib twg.
An accounting system yog ib co kev raus tes ua thiab cov txheej txheem es tau tsim kom nrhiav tau, ceev cia, thiab muab cov ntaub ntawv txog kev them nyiaj los tso rau hauv daim ntawv management report thaum muaj kev txiav txim siab.
El balance general es un informe de la posición financiera del negocio de la granja en un momento específico. Enumera los activos, pasivos y valor neto o capital (capital del propietario) y representa una instantánea del negocio de la granja en una fecha determinada.
Host Katie Wantoch and Simon Jette-Nantel, former Professor at UW-River Falls and Extension Farm Management Specialist, discuss when is the right time for a farmer and his son to purchase the neighbor’s land and how the purchase will affect the farm’s cash flow.
