Introduction of of Financial Systems for New and Beginning Farmers
Kimberly Morgan ( September, 2022 )
Summary
There are many factors to consider before starting a new farm enterprise. Financial management is an important component in the startup and decision-making processes for beginning farmers. The purpose of this series of publications is to inform agribusiness owners and managers about farm financial risk management tools, techniques, and resources available to help them prepare and use a financial systems approach for their operations. Topics covered in this paper are expected to improve manager decision-making by providing a better understanding of the value of constructing financial statements and planning budgets to help them manage risks associated with the financial aspects specific to the agriculture industry. The topics covered in this resource are not all-inclusive, but after reading this publication, beginning farmers should be prepared to move forward in planning for their farms.
Details
| Organization | Virginia Cooperative Extension |
| Publisher | Virginia Cooperative Extension |
| Publication Date | September, 2022 |
| Publication Views | 15 |
| Material Type | Website |
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