- 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.
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- 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.
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- 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.
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- 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.
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- 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 .
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- 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.
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- 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.
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- 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
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- 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.
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- 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.
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- 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.
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- 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.
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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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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 . . .
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- 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.
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- 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.
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- 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.
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- 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
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- 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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