Vince Bailey is Senior Vice President Credit – Ag Lending and is based in Louisville, Ky. He is responsible for leading the Ag Lending team for Farm Credit Mid-America.
More from this author: How to Plan for an Equipment Purchase, Resist the Urge to Finance Machinery with Operating Credit, Bulletproof Your Balance Sheet
“Too much or underutilized equipment will have a trickledown effect and result in your operation spending more than necessary.”
Untracked, small withdrawals can leave a big dent on your balance sheet
Pay attention to expenses paid after income tax and family living are deducted
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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