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Financial Statements


  • Applying the Assessment Tools to Your Farm/Ranch
    A. Lee Meyer and John P. Hewlett, University of Wyoming, 1996

    The materials in this series have suggested and described tools for determining the status of the cattle enterprise on farms and ranches.
  • Balance Sheet - A Financial Management Tool
    Larry N. Langemeier, Kansas State University Research & Extension, October 1998

    A balance sheet is a statement of the financial condition of a business at a specific time. It is one of the principal reports provided by a good accounting system.
  • Cash Flow Protection for Operating Loan Determination (Worksheet)
    Larry N. Langemeier, Danny Klinefelter and Dean McCorkle, Texas Agricultural Extension Service, May 1998

    A cash flow projection gives the farm operator a basis for studying the financing of the business. It indicates how much needs to be borrowed and when it is needed. A cash flow projection provides for control of the business.
  • Consolidated Financial Statements
    Harry Haefner and Damona G. Doye, Oklahoma Cooperative Extension Service

    This fact sheet will examine the following issues: defining personal and business assets and liabilities, non-farm income, withdrawals, credit card debt, savings and investments.
  • Developing a Balance Sheet
    Ross O. Love, Harry G. Haefner and Damona G. Doye, Oklahoma Cooperative Extension Service

    The balance sheet indicates the financial position of the farm business at a particular point in time .
  • Developing a Cash Flow Plan
    Damona G. Doye, Oklahoma Cooperative Extension Service

    A cash flow plan is a recorded projection of the amount and timing of all cash inflows and cash outflows expected to occur throughout the planning period.
  • Developing an Income Statement
    Lori Shipman and Damona G. Doye, Oklahoma Cooperative Extension Service

    The income statement indicates whether a business has earned money or suffered a loss.
  • Farm Financial Analyzer
    Paul N. Ellinger, Dale Lattz and Peter J. Barry, University of Illinois at Urbana-Champaign, June 1999

    This is an interactive information and financial analysis system that will assist users in evaluating the financial performance of farming operations.
      
    Link to interactive  page
  • Financial Management: The Key to Farm-Firm Business Management
    Jose G. Pena, Danny Klinefelter and Gerald Warmann, Texas Agricultural Extension Service, August 1998

    Those who succeed (in farming) will manage their operations as farm/ranch businesses, with more emphasis on recordkeeping, planning, profitability analysis, and repayment-based financing, and with better production and business monitoring and controls.
  • Financial Management: The Key to Farm-Firm Business Management (Curriculum Guide)
    Texas Agricultural Extension Service, August 1998

    Goals and Objectives: (1) explain the need for an increase emphasis on recordkeeping, planning, profitability analysis, (2) define and outline the structure,  (3) outline the purpose, scope and use of the various analytical tools used to plan for profit, (4) initiate a system for using and analyzing financial statements.
  • Financial Troubleshooting
    Robert W. Jolly and Alan Vontalge, Iowa State University, University Extension, May 1995

    Different financial problems often require different strategies. Management decisions, technical difficulties, and family problems contribute in complex ways to undesired financial outcomes.
  • FINPACK 99
    Center for Farm Financial Management, University of Minnesota, February 1999

    The most comprehensive computerized farm financial planning and analysis system available.
    Link to page.
  • Getting on Track: Better Management Through Basic Financial Statements from RightRiskTM
    Rodney L. Sharp, Colorado State University Cooperative Extension, John P. Hewlett, University of Wyoming Cooperative Extension, and Jeffrey E. Tranel, Colorado State University Cooperative Extension, October 2011.

    A two-hour CD and internet-based course covering: An introduction to Financial Statements, Cash Flow Statements, Balance Sheets, Income Statements, Statement of Owner Equity, and Where Do I Go From Here?. Also included are a glossary, resource links for further research, and many other features.
  • Income Statement a Financial Management Tool
    Larry N. Langemeier and Danny Klinefelter, Texas Agricultural Extension Service, September 1998

    An income statement measures the success of a business, in terms of net income or loss, for a period of time. 
  • Managing a New Business -- A Beginner's Guide to Financial Concepts and Tools
    Elizabeth Woodlen and Lary Burt, Oregon State University Extension Service, April 1998

    Successful small business management frequently depends upon a manager's knowledge in five key areas: profit planning, using financial statements, analyzing cash flow, maintaining a healthy financial structure and the ability to control and plan future financial needs.
  • Measuring Farm Financial Performance
    Barry M. Purdy and Michael R. Langemeier, Kansas State University Research & Extension, September 1995

    Farm financial managers use financial performance measures to assess the profitability, liquidity, solvency, and financial efficiency of their businesses.
  • Preparing a Balance Sheet
    Norm Dalsted and Rod Sharp, Cooperative Extension Service Colorado State University, December 1999
    The balance sheet has historically been the primary (and often only) financial statement used for agricultural lending.  This article looks at this aspect of it’s use as well as defining the structure and terms of a balance sheet.
  • Preparing a Cash Flow Statement
    Norm Dalsted and Rod Sharp, Cooperative Extension Service Colorado State University, December 1999
    The cash flow helps determine not only the amount of debt the borrower can incur, but also the timing of repayment and the proper repayment schedule (i.e., the number of years to repay the loan).  This article describes the difference between historical and pro forma . . .
  • Preparing an Income Statement
    Norm Dalsted and Rod Sharp, Cooperative Extension Service Colorado State University, December 1999
    How well the business performs is reflected in resources used and net income earned on assets.  This article looks at important considerations in completing the income statement, the tool used to measure and analyze net income earned on assets.
  • Record Keeping: Essential to Risk Management
    Laurence M. Crane, National Crop Insurance Services, 1999

    Information is power! Think of the power and money one could command with perfect information. Think of all the regulatory statutes used to prevent the misuse of insider information.
  • The Power of Leverage: It Can Hurt As Well As Help
    Freddie L. Barnard, Cooperative Extension Service Purdue University, February 1985

    The purpose for this publication is to explain why the impact of borrowing in different economic environments is not the same for all farmers.
  • Understanding and Assessing Financial Risk
    Dennis Kaan, Colorado State University
    While it is impossible to avoid all sources of risk in production agriculture, it can be managed. Exposure to financial risk comes from three basic sources: the ability to meet cash flow needs. . .
        Farmer-Stockman, Oct. 1998
  • Understanding Your Financial Situation
    Dennis A. Kaan, University of Wyoming, 1996
    Without financial analysis to guide this planning process, financial ruin has a greater probability of occurring than longevity in the livestock business.

 

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