This presentation focuses on asset management and financial efficiency. Helping producers understand the gross dollars of revenue generated per dollar of asset value and how efficiently they convert those dollars into profit helps them to better understand their business. The relationship of asset turnover ratio and financial efficiency is key in answering questions of their operation such as: Which assets should a beginning farmer purchase? How many dollars of revenue does a producer need to cover living expenses? Are interest costs taking too much of my profits? How much debt will this asset support? This presentation applies to all types of farming operations and especially those operations that are trying to start up or expand.
|Conference||2016 Extension Risk Management Education National Conference|
|Presentation Type||30-Minute Concurrent|