Farm financial coaching benefits—knowing and protecting your bottom line
Understanding financial management is 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
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
