A cash flow statement can be described simply as a recording of the dollars coming in and the dollars going out of a business. It shows where the money comes from (the inflow of cash) and where the money goes (the outflow of cash).
This AgroBrief deals with variable costs and enterprise budgets. This is a small, basic subject of farm accounting that can be used as a means for both planning and evaluating performance of activities on a farm. After describing the basics of farm economics (1) and enterprises (2) methods of calculating a crop budget (3) and a livestock budget (4) are given. The document is concluded with a short discussion on the use of enterprise budgets.
How is your financial health? If budget bumps and bulges or money worries are adding stress to your life, you may need to do an annual checkup to assess your financial fitness and start getting your family’s finances in good shape.
¿Cómo se encuentra su salud financiera? Si el presupuesto lo sacude y le lleva ventaja, o las preocupaciones por el dinero aumentan el estrés en su vida, un chequeo anual para evaluar su situación financiera y comenzar a poner sus finanzas familiares en orden puede ser un buen comienzo.
Cooperatives (often referred to as “coops”) are an ancient concept where a group works together to meet common needs. This informal arrangement evolved over time into a formal business organization. Cooperatives have special status under tax laws in the United States and most other countries.
When money is borrowed to make long-term capital investments, it is generally paid back in a series of annual or semiannual payments. If these payments are to be the same amount each time, the loan is amortized. The even payment plan method of amortizing a loan allows for the payment of interest on the unpaid balance, plus some principal. The amount of the interest paid each period will decrease while the amount of the annual payment applied toward the principal will increase. The example in Table 1 illustrates how the amount of interest and principal changes over the loan period.
Payday is the day agricultural producers sell their commodities and livestock. Most of us, whether farmers, small businessmen, or employees, wish to earn the most for our efforts. The intent of this guide is to help producers calculate a profit objective price for their commodities in any given year based on that year’s farm mix of crops and livestock and on historical expense, income, and production data.