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Financial Literacy

Financial Literacy

What are Balance Sheets and Income Statements?

This blog will walk you through the basics of balance sheets and income statements, what they are and how can you use them. What Are Balance Sheets and Income Statements? Balance Sheet - measures your...
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Farm Management Resources

Financial Literacy

Should You Buy New or Used?

When it’s time to buy a tractor, excavator or loader, the first question you might ask is: “Do I buy new or used?” There can be advantages to both, and while your answer largely depends on your own...
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Farm Management Resources

Financial Literacy

Managing the Risk of Private Party Equipment Transactions

Buying used equipment for your operation is challenging. You searched everywhere, but could not find what you were looking for at a price you were willing to pay. Finally, you heard that a farmer in a...
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Financial Literacy

The Importance of Market Reports

Anticipation. It’s one of the most important aspects of farming and ranching. Knowing the weather forecast is key to making planting, spraying and harvesting decisions. Although it is out of our...
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Financial Literacy

Young, Beginning, Small & Veteran Farmers

Filling Out a Balance Sheet

Filling out a balance sheet can be an intimidating task. It can be extremely overwhelming to see all the boxes and work through the entire document; however, filling out a balance sheet doesn’t have...
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Financial Literacy

Young, Beginning, Small & Veteran Farmers

10 Grant Writing Tips for a Strong Application

There are tons of grant opportunities out there for non-profit organizations and small businesses, but many people view the grant application process as a daunting task. It doesn’t have to be! Here...
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Financial Literacy

Milk Pricing– The Great Unknown

Several years ago, I worked with my milk coop to forward contract some milk. I called the coop milk pricing, a forward contracting expert, to explain the numbers. The comment I got was, “It’s a long...
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Financial Literacy

Young, Beginning, Small & Veteran Farmers

SMART Goals and Simplifying Record Keeping

Ensure you have obtainable goals that will take you to a new level. Whether personal or professional goals, it is important to set yourself up for success! Record keeping can be a daunting task...
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Financial Literacy

The 5 C's of Credit

The 5 C’s of Credit All lending institutions have the responsibility to complete due diligence in order to be a reliable and consistent source of sound, adequate, and constructive credit. The degree...
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Farm Management Resources

Financial Literacy

Preparing For 2024: Recommendations For Your Household, Farm & Business

Is it just me, or does time move a lot faster these days? I just blinked, and 2024 is almost here. That means it’s time for Doc White’s thoughts on how you should start preparing for the new year...
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