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...
Read More >Posts about Farm Financials
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...
Read More >“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...
Read More >“Efficiency is doing things right. Effectiveness is doing the right thing.” – Zig Ziglar
Read More >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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