Farm Management
MSU Extension assists farmers, businesses, industries, families and individuals improve lives and achieve their goals through an educational process that applies management, production and economic knowledge to critical issues..
Resilient Farms: Financial and Management Guides
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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 Series focusing on the use of enterprise budgets to help beginning farmers obtain a firm grasp on revenues, expenses, and profitability. -
Bulletin E-3408: From Bursting with Ideas to Developing a Plan
Published on December 11, 2019
A bulletin by MSU Extension's Beginning Farmer DEMaND Series with suggestions to help beginning farmers organize their ideas and turn them into a plan of action. -
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). -
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 Series with suggestions to help beginning farmer understand the lending process in order to obtain farm financing. -
Partial Budget Worksheet
Published on March 25, 2019
Partial Budgeting with Capital cost calculator -
Evaluating the Profitability of Changes in Farm Businesses
Published on March 14, 2019
Partial Budgeting: A tool for evaluating the profitability of changes in farm businesses -
Calculating the Annual Cost of Using Depreciable Assets
Published on February 25, 2019
Calculating the Annual Cost of using Depreciable Assets -
Understanding the Farm's Financial Health: Basic Components to a Successful Business
Published on November 28, 2018
Understanding your farm’s financial health is the key to successfully meeting your farm goals. Michigan State University (MSU) Extension farm management educators want to help you understand this key concept.
Additional Helpful Resources
The following resources can help you better understand typical business and financial decisions for your farm.
- AgPlan, (Center for Farm Financial Management, Univ. MN)
- Farm Financial Score Card, (Center for Farm Financial Management, Univ. MN)
- Generate a Summary or Benchmark Report, (Center for Farm Financial Management, Univ. MN)
- Michigan Business Analysis Summaries and Reports, (Michigan State University and Telfarm)
- Farm Financial Performance Measures, (Iowa State University)
- Financial Guidelines for Agricultural Producers, (Farm Financial Standards Council
- Dairy Cashflow Plan, (Roger Betz, MSU)
- Dairy Cost of Production - Schedule F (Dennis Stein, MSU)
- Farm Risk Management Plans (USDA, RMA)
- Partial Budgeting Spreadsheet (Roger Betz, MSU)
- Pricing Corn Silage and Earlage from Immature Corn, (Black, Rust, Stein Aug. 2013, MSU Extension)
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