Knowing your cost of production: Decisions can be made more confidently when their financia implications are known

摘要

FARM FINANCIAL MANAGEMENT IS about more than just turning a profit. It's about getting on in life. That may be why a Kincardine-area cattle producer listed his spouse as the first goto person when there's an important decision to be made. Among the others who may need to be consulted are your lender, accountant and any business partners, Steve Eby says. There's one key bit of information that everyone needs to know. "Can you cash-flow it? That the biggest thing." Eby a cow/calf producer and feedlot operator, spoke at the annual Southwest Beef Focus in Alvinston on March 31.