Running a successful farm requires more than just hard work in the field—it also takes a solid understanding of your financial reports. Whether you handle the farm’s accounting...
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Posts about Farm Financials
“What's considered enough money? Just a little bit more.” — Will Rogers “If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's...
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At the very core of finance sits the time value of money (TVM). Every decision about what something is worth begs the question, “worth when?” If in ten (10) years, then maybe the...
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In 1981, George T. Doran published a paper in Management Review that introduced SMART goals as a tool to improve the chances of reaching management goals. Clearly identifying what...
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“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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“Efficiency is doing things right. Effectiveness is doing the right thing.” – Zig Ziglar
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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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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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