Bankers and people involved in finance use many fancy words, and knowing what they mean is necessary if you want to make money, writes Susan Pletts.
Many emerging farmers struggle when working out how much to charge for their produce to cover costs and make some money too. Susan Plett's lends a hand.
An important part of your business plan is describing where and how the product produced on the farm is to be sold and the prices that will be achieved.
A farmer's production plan, describing the farm’s resource potential, the type of enterprise, planned production output, and the existing output is an important part of a business plan.
There are many complicated financial topics that concern all farmers, from pay as you earn (PAYE), value added tax (VAT), provisional taxes, income tax, management accounts and financial statements.
With farming profitability under pressure, it often happens that a farmer works all year to produce a crop to sell, but at the end of the season does not have...