Envisioning your farm's 2018, part 1


Thinking about the year ahead, what is your general state of mind? Anxious? Excited? Apprehensive to even think about it? If you do have fear or anxiety around the coming season, there's no better time to face it than right now. It's always better to understand and face the situation early than to let it drag on.

The first thing to do--as soon as possible--is to get a clear view of the financial reality your farm is currently facing. An advisor can help you put together forward-looking, accrual-based projections of your farm's next year, which in turn can help you set a realistic and workable budget as well as other parameters to work within for the coming year.

For more ideas on how to get started, read Darren Frye's latest Finance First post at FarmFutures.com.