“Think of your long-term financial plan as a map for your operation.”
Calculate your loans with Farm Credit Mid-America
Natasha Cox is Regional Vice President for Farm Credit Mid-America. She is located in northwest Indiana.
More from this author: Financially Speaking: Managing Fixed Costs (Episode 11), Financially Speaking: Your 5-Year Business Plan (Episode 10), Four Common Long-Term Financial Planning Pitfalls
Untracked, small withdrawals can leave a big dent on your balance sheet
The cost of labor can trickle down your balance sheet if you’re housing unnecessary equipment
While calculating your working capital, be sure to avoid these common pitfalls
These two measures are key to understanding your operation’s financial position
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