The section offers an overview of basic business concepts that are important for farmers as they build their record keeping systems and plan for growth. Many of the concepts discussed in this section will come up throughout the program.
At the end of this section, participants will understand:
Accrual vs. cash accounting, and why it’s important for understanding the profitability of a farm business.
The three financial statements, what they tell a farmer about their business, and how they interact together.
How basic accounting concepts underlie QuickBooks
Depreciation, and why it’s important to track.
This course includes access to The Farmer’s Office Basic Excel templates.
Julia Shanks consults with food and agricultural entrepreneurs to achieve financial and operational sustainability. Working with a range of beginning and established farmers, she provides technical assistance and business coaching that empowers them to launch, stabilize, and grow their ventures.
