Farm financial coaching benefits—knowing and protecting your bottom line
Financial management and understanding are crucial as your family’s farming operation progresses. A solid understanding of financial management strategies including benchmarking, accuracy, and risk management ensures your farm obtains and sustains financial health.
Get a financial analysis to find strengths and weaknesses within your operation:
Your current staff, system, quality of financial information, purchasing, receiving, inventory management, payment, and cash management processes during your business evaluation- Benchmarking against other family farms
- Historical performance analysis for a clear picture of farm’s financial past, present and future
Your current staff, system, quality of financial information, purchasing, receiving, inventory management, payment, and cash management processes during your business evaluation
Financial coaching gives you:
- Lender recommendations and loan application guidelines
- Advice for working with your current lenders
- Help hiring qualified employees to help manage your finances
Improve decision-making though financial training:
- What your financial information means and why financial details are important to your big picture
- Budgeting and planning guidance
- How to monitor key metrics and establish healthy ranges
- Delivery and invoice processes for inventory control
- Accrual accounting practices and application processes
