NEWS
Klinefelter: By the Numbers
Danny Klinefelter DTN Farm Business Advisor
Tue Mar 5, 2013 04:38 PM CST

The third criteria in this series on financial fitness is profitability. It's a key factor in assessing your creditworthiness. More important, profits -- in raw dollars and in key ratios -- are the ultimate measure of your abilities as a manager. As the 1980s taught us, land and machinery values come and go with the whims of the market. Lenders will stick with someone who has demonstrated a profitable track record.

Start by analyzing your net farm income. This measure comes directly off the income statement and is calculated by matching farm revenues with the expenses incurred to create those ...

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