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Podcast: My Digital Farmer Podcast
Episode: Farm Accounting ~ Knowing the Numbers that Matter with Taylor Bridges
Description: So many farms fail to be profitable simply because they don't have a good handle on their finances. To be a profitable business, you need to know how to build a budget, keep track of your numbers, and be able to pivot your business to meet your revenue goals. But what numbers matter? Oftentimes, a new farmer has no idea how to make sense of a financial report. What benchmarks should we be aiming for when it comes to expenses? What percentages are industry standards? How do I know if I'm way off "the norm"? ...