Financing Your Farm A Practical Guide To Farm Financial Planning

Fearless Farm Finances is a one-of-a-kind resource packed with instructions, tips and tools for setting up and managing a farm's financial system. The 2nd edition offers new information and templates for those setting up paper-based systems, a new chapter on farm transition, as well as a new layout and updated resources.

Farm finance is a topic that is not often discussed but is vital to the success and longevity of these unique family businesses. Sustainable Farm Finance draws upon the practical, on-farm financial experience of John Mitchell, a grazier in New South Wales who saved his family farm, transforming it from financial peril to a successful business. The story of his success, and how he achieved it, is told here with input and insights from economist Bruce Chapman and scientist David Lindenmayer, to create a useful and highly readable resource for property managers in Australia. Filled with tips and suggestions for how to better manage your own farm finance, as well as real-life examples of their application in regional Australia, this is an essential resource for farmers who wish to maximise the financial outcomes of their land.

Scope of agricultural finance; Farm financial management; Design of a farm financial accounting system; Analysis of farm financial statements; Organization and growth of the farm; Time value of money and capital budgeting; Accounting for risk in investment decision making; Strategies for reducing risk; The cost of capital and the optimal capital structure; Legal considerations in agricultural finance; Farm business organization; Income tax management; Disinvestment and estate planning; Agricultural and the macroeconomy; Design of a financial accounting system for agriculture; Analysis of financial statements for agriculture; Capital intensification and capital utilization in agriculture; Aggregate investment and fifinancing behavior; National economic policyinstruments; Effects of change in national economic policy; Financial intermediaries serving agriculture; Commercial banks and farm lending; Farm credit system; Government lending agencies serving agriculture; Other financial intermediaries; Evaluation of financial intermediation in agriculture.

Martyn Warren offers a comprehensive practical guide to managing the finances of a small to medium sized rural enterprise. This fourth edition gives increased emphasis to general accounting techniques, especially those of management accounting.

Financial Management for Agribusiness presents a practical approach to financial decision making for all those involved in agribusiness, including farmers, horticulturists and supporting businesses, to manage invested funds, physical resources and labour. It covers all the stages leading to a completed business plan and provides straightforward worked examples for each step. The authors emphasise the need to collect and record the detailed financial and physical records necessary for sound decision making and detail all stages of financial planning, including record keeping, preparation of financial statements, financial analysis, budgeting, income tax, Goods and Services Tax and succession planning. The book clearly explains how past financial information of the business can be used to identify and assess alternative strategies that will aid management in making decisions that meet business and personal objectives. The complete financial management process is then summarised in a comprehensive business plan.

This guide is intended to help farm families prepare a set of financial statements. It introduces the main components of farm financial management, specifically: financial statements; analysis of financial statements; credit and risk management; planning farm strategy.