Tag Archive: "farming operations"
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Minimize Your Fixed Cost Amortization to Maximize Your Profits
To maximize your profit for your farm, it is very important to determine what your annual fixed costs are and determine if you are maximizing your amortization of these costs on your farm. Fixed costs are those costs that do not materially change with production increases and decreases. Some examples of fixed costs are: […]
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Make Family Meetings Civil Not a War
As a CPA, I have been involved in many family meetings. Sometimes, I act as an advisor to the participants. At other times, I may actually be part of the family that is having the meeting. I remember having a client several years ago that had several children that were actively involved in the business […]
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Farm Lending–Which Type Are You?
David Kohl, ag lending consulting, divides target farmers and ranchers for future agricultural lending into four categories and percentages: 10 percent approaching $600,000 in annual revenues and planning to grow this toward $1.5 million in revenue 30 percent that will be scaling down to a rural “lifestylers” or those commonly living on five to twenty […]