Understanding the Farm Business Balance Sheet, Part 2

The first financial management report often created for the farm business is the Balance Sheet.  It is a report of the farm business’s financial position (strength) at a point of time. It provides insight of farm solvency and liquidity. In the Financial Management Factsheet Understanding the Farm Business Balance Sheet Part 2, UW-Extension Taylor County Agriculture Educator Sandy Stuttgen discusses what is meant by solvency and liquidity.

Understanding the Farm Business Balance Sheet Part 2 is one factsheet in the Financial Management Factsheet series designed to help individuals understand the basic principles of financial record keeping.  Additional factsheets in the series include:

For more information regarding farm business management, please visit UW-Extension Dairy Team Financial Management or UW Center for Dairy Profitability.

 

 

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