Farming Business Finances

farm working capital, farm financial ratios, How to reduce farm production cost, Financing for agriculture etc.

What you'll learn
Farming working capital
How to calculate unit cost of production on arable farm
Understanding the ups and downs of farm finances
How to achieve positive cash flow on the farm
Strategies to reduce farm production cost
Three steps to track, analyze and fine tune your farm budget
Five financial ratios to consider on your farm
Develop a farm financial model
Farm wholesale system banks
Farm retail lending associations
Financing for agriculture
Requirements
No requirement
Description
The farming business has gain root and also seen more developments in this 21st century, the contribution of farming to the economic development of any nation cannot be quantified, in terms of employment farming is doing a great job, by employing a lot of youth most develop and developing countries, the number of people who want to venture into full time farming is gradually reducing because land has become very expensive. l believe there should be a very clear policy direction so that governments across the globe will help their people by acquiring land for them and also helping them with the needed farming inputs to start their business.The finances of farming business is critical for the success of the farm, most often we farmers take things for granted and do things as usual business but farming need careful financial planning because every dollar you invested as a farmer you should be able to account for it and assess the progress of your farm business to ensure that the business is on the right path. Every overhead expenses on your farm should be accounted for, ensuring a secure cash flow is vital for effective operation of the farm business, but cash flow or good cash flow can be seen when there is effective and efficient productivity, and also the necessary accounting processes is being put in place. We all know that as business people once a while you will take loans for the betterment of your business, but make sure that careful debt management is being put in place so that your farm business will not go to bankruptcy. When selecting  financial institution to borrow from them look at the interest rate very carefully and the terms and conditions of the loan.Information is very important to farming, so us a farmer make sure that you frequently contact your local extension officers so that they can give you the needed assistance and advice you on the progress of your farm.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 What is farm income

Lecture 3 Farm credit system ( FCS)

Lecture 4 Farm revenue leasing

Lecture 5 Different types of agriculture finance

Section 2: Farming Working Capital

Lecture 6 What is working capital and how it is calculated

Lecture 7 How much working capital do you need

Lecture 8 What are common errors in measuring working capital

Lecture 9 How can you manage working capital

Lecture 10 Working capital illustration

Section 3: How To Calculate Unit Cost Of Production On Arable Farm

Lecture 11 Variable cost

Lecture 12 Fixed cost

Lecture 13 Use average yields

Lecture 14 Where to find information

Section 4: Understanding The Ups And Downs Of Farm Finances

Lecture 15 Operating without a business plan

Lecture 16 Impulsive decision making

Lecture 17 Mixing personal and business accounts

Lecture 18 poor debt management

Lecture 19 How to make your farm resilient

Lecture 20 Stay on top of changes in the market

Lecture 21 Local financial institutions

Section 5: How To Achieve Positive Cash Flow On The Farm

Lecture 22 Build a cash-flow fortress with reserves

Lecture 23 Reduce overhead for long-term results

Lecture 24 Be open to a new farm enterprise

Lecture 25 Be credit smart

Section 6: Strategies To Reduce Farm Production Cost

Lecture 26 Pay attention to key performance indicators

Lecture 27 Be strategic with your seed and chemical purchases

Lecture 28 Invest in precision Ag technology

Lecture 29 Prioritize machinery and equipment

Lecture 30 Consider transitioning from leasing to owning farmland

Lecture 31 Restructure debt to increase working capital

Section 7: Three Steps To Track Analyze And Fine Tune Your Farm Budget

Lecture 32 Test your projection

Lecture 33 Analyze your overhead cost

Lecture 34 Commit to significant improvement

Section 8: Five Financial Ratios To Consider On Your Farm

Lecture 35 Current ratio

Lecture 36 Total asset turnover ratio

Lecture 37 Operating profit margin ratio

Lecture 38 Farm debt to equity ratio

Lecture 39 Term debt coverage ratio

Section 9: Develop A Farm Financial Model

Lecture 40 Records

Lecture 41 Management reports

Lecture 42 Decision - making

Section 10: Farm Wholesale System banks

Lecture 43 farm credit banks ( FCB)

Lecture 44 Bank for co-operatives

Section 11: Farm Retail Lending Association ( ACA)

Lecture 45 Agriculture credit association

Lecture 46 Federal land credit associations

Section 12: Financing For Agriculture

Lecture 47 Direct finance

Lecture 48 Value-chain finance

Lecture 49 Infrastructure finance

Lecture 50 Financing for research and development

Farmers, farming associations, banks, financial institutions, agricultural ministries, extension officers, governments, farm development partners, farm lenders, Seed agencies, farm managers, farm employees, farm owners, farm consultant, agronomist, farm engineers, CEO, directors, farm policy makers, Universities, agric colleges , every body etc.