Finance for Farmers and Ranchers

This webpage is a source for all things farm accounting. Many producers rush out to buy powerful software packages to start their record-keeping journey. The issue with that is often that producer has purchased a tool without the knowledge to wield it. Does purchasing a $1,500 welder make you good at welding if you don’t have the proper knowledge about things like materials and the steps for different kinds of jobs? Even with fancy tools, if you are lacking a complete understanding of how to use them, you can put yourself in less-than-ideal situations.

The same holds true with accounting and record-keeping, especially when software is involved.If you don’t understand the “what” and “why” of record-keeping, you will often find poor indicators for decision-making.

On this webpage, you will find resources that help you with every level of knowledge, including:

  • Basics: t-accounts, debits vs. credits, and types of financial statements
  • Intermediate: closing entries, financial ratios, and revenue recognition
  • Managerial:: profit centers, costing, and inventory
  • Taxes & Policy: federal tax updates, grants, and reporting standards

Don’t be afraid to go back to basics when needed. Especially in farming and ranching, there is a need to have a grasp on many disciplines. Attempting to be an expert at everything would be a tall order. So, use what you need, review what you forget, and ask questions/make recommendations to spur new content.

Quicken/quickbooks course graphic.

Free Quickbooks, Quicken Training

Know Your Numbers, Know Your Options Record-keeping Course:

Schedule and Registration

Nebraska Farm and Ranch Business Record Book:

Purchase FM88-4-G

All Finance Webinars

Don't Drown in Paperwork (Sept. 23, 2021 Webinar)
Business and Financial IQ: The Difference Maker with Dr. David Kohl (July 15, 2021 Webinar)
Back to Basics: Control Costs and Maximize Profits (June 10, 2021 Webinar)
Panel Discussion: Proposed Changes to Capital Gains (April 8, 2021 Webinar)
Nebraska Sales Tax and Exemptions for Agriculture (March 11, 2021 Webinar)
It Costs How Much? Understanding Costs of Production (Feb. 11, 2021 Webinar)
Preparing for Loan Renewal (Jan. 14, 2021 webinar)
Farm Tax Law Changes for 2020 (Dec. 10, 2020 Webinar)
Farm Credit in 2020: A Lending Institution Perspective (Nov. 5, 2020 Webinar)
Cash Flowing to the Other Side of COVID-19 (July 9, 2020 webinar)