Using Your Records to Make Informed
Decisions During These Challenging Times
The Illinois Farm Business Farm Management (FBFM) Association provides comprehensive farm and financial management analysis for operating farmers. Producers receive various computerized production and financial analysis reports about their operation. An accrual income statement and balance sheet are key components of these reports and help producers measure the financial progress of their business. They also receive a comparative analysis report that compares their production and financial information with others that are similar in size, soil productivity and type of farm. FBFM also has available the PC Mars farm accounting software for those producers wanting to computerize their accounting function.
Specialized field staff assist producers in keeping good financial records and help them interpret financial reports about their business with the goal of improving farm profitability. Field staff also provide tax management assistance for the farming operation. On display will be examples of various reports along with the latest information compiled from the farm record data. Examples of computer software programs available through FBFM will also be available for demonstration.
Title: Using Your Records to Make Informed Decisions During These Challenging Times
Name: Dwight Raab
Illinois Farm Business Farm Management
Organization: Department of Agricultural and Consumer Economics and Illinois Farm Business Farm Management (FBFM) Association