MSU ExtensionManaging Farm Stress

Resource Library

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  Bulletin E-3410: Understanding Enterprise Budgets and Economic Profit

  Published on February 5, 2020

  A bulletin by MSU Extension's Beginning Farmer DEMaND (Developing and Educating Managers and New Decision-makers) Series focusing on the use of enterprise budgets to help beginning farmers obtain a firm grasp on revenues, expenses, and profitability.

• Income Statement Worksheet

  Published on August 23, 2019

  Use this worksheet to convert Schedule F tax information to an accrual adjusted income statement.

• FINPACK Balance Sheet

  Published on August 23, 2019

  List current-, intermediate- and long-term farm assets as well as liabilities.

• Balance Sheet Prep Template with Supporting Schedules

  Published on August 22, 2019

  Balance Sheet Preparation Template with Supporting Schedules (Cash Based Tax Payer).

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  Bulletin E-3407: How to Motivate Your Lender to Say, “Yes”

  Published on July 31, 2019

  A bulletin by MSU Extension's Beginning Farmer DEMaND (Developing and Educating Managers and New Decision-makers) Series with suggestions to help beginning farmer understand the lending process in order to obtain farm financing.

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  Emergency Hay and Silage Forage Crops

  Published on July 12, 2019

  Forage shortages can be good news for growers who are able to harvest because prices may be strong, but are bad news for those unable to harvest.

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  Delayed Planting Resources

  Published on June 24, 2019

  Wet weather and flooding resulted in severely delayed planting and a need to adjust farm management practices. MSU Extension's statewide network of agricultural educators work with farmers and provide informative articles to assist in decision making.

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  Understanding Credit and Debt

  Published on June 19, 2019

  Helping farm families in financial distress understand the fundamentals of credit and debit, including credit scores and how to manage debt.

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  Helping Farmers Understand Net Worth

  Published on June 19, 2019

  This quick guide helps farmers understand their net worth, a net worth statement, why it is important, what you can learn from it and a sample net worth statement to fill out.

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  Risk management: Selecting insurance

  Published on June 19, 2019

  A three-step guide to select the right insurance for your farm and current situation.

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  Creating a spending plan

  Published on June 19, 2019

  For farmers dealing with variable income, low commodity prices and increasing debt, a spending plan can be a useful tool in managing farm family finances or their household (nonbusiness) finances.

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  Turning Personal Skills into Income

  Published on June 19, 2019

  Exploring ways farm families can turn their technical, trade and management skills into supplemental income-producing opportunities.