Saturday Session I
To understand your farm’s strengths and weaknesses, you must evaluate its financial performance. Your balance sheet, income statement, and statement of cash flow reveal the solvency, profitability, liquidity, and repayment capacity of your business. Learn how to use these documents to uncover your financial strengths and weaknesses and improve your farm’s financial performance.
Aimee Schomburg and her husband own and operate a 120-cow dairy near Bangor, Wis. She is also a farm business and production management instructor at Western Technical College in western Wisconsin.