Water Street Solutions Ag Finance Advisor Tim Brhel recently spoke on-air with KRVN's Dewey Long about the importance of staying on top of a farm's financial data. Brhel says when a farm leader has up-to-date financial information at their fingertips, it's extremely helpful to use in weighing the viability of new purchases or acquisitions for the operation.
But we're not just talking about the "how we're doing" kind of day-to-day bookkeeping numbers. This means the inclusion of forward-looking projections--analyses of not only current assets and liabilities, but also numbers based on the expectation of what's yet to come. Hear Tim Brhel explain more in-depth by listening to the audio below.