One cannot stress enough the importance of capital management for your business. All of the efforts you have invested to produce an operating profit, from your farm’s operation...
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Posts about Farm Accounting
“A budget is telling your money where to go instead of wondering where it went”—Dave Ramsey What does a budget do for me? A budget is a farm owner’s plan of action and evaluative...
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UnCommon Farms is entering its fifth decade of service to the North American farmer. Throughout this near half-century of service, the focus has been to help producers access,...
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The Corporate Transparency Act (CTA) is a federal law enacted in 2021, as an effort to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and...
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There are a few substantial differences between agricultural accounting and business accounting, specifically when it comes to reporting on the income statement and the balance...
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What is the interest expense ratio? For the purpose of this discussion, the interest expense ratio is calculated by dividing your business’s total interest expense on all loans...
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(This article was updated February 28, 2022 to include changes made to the federal depreciation rules)
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What Our Clients Say
"Because of UnCommon Farms, we are now all on the same page and making the dream of all of us working together on the farm long-term a reality.”
"Without the assistance from UnCommon Farms, we would not have known where to start in hiring our finance employee. They walked us through the entire process and continue to train our new hire and train us how to manage him.”
“Through UnCommon Farms, I was able to attract another son back, I was able to attract a son-in-law back, and then this spring, I had a second son come back. I was able to attract a lot of good management.”
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