Library

Financial Management Series

Gary Hachfeld, David Bau and, C. Rob Holcomb (July, 2013)

Summary

A complete set of financial statements for agriculture include: a Balance Sheet; an Income Statement; a Statement of Owner Equity and a Statement of Cash Flows. The FINPACK software, developed by the Center for Farm Financial Management, University of Minnesota, generates each of these statements. Other software and paper products generate similar information. Key ratios and measurements covering Liquidity; Solvency; Profitability; Repayment Capacity and Efficiency have become standards in the agricultural industry, and are generated from these financial statements.