Dev. Your Financial Statements and Measures

Welcome to TAAforFarmers.org

The Trade Adjustment Assistance (TAA) program for Farmers delivered technical assistance to producers of agricultural commodities and fishermen who have been adversely affected by import competition. The TAA program delivered training to nearly 10,000 producers of Catfish, Asparagus, Maine Wild Blueberries, as well as Shrimp and Lobster fishermen.

Presentations

You can view any of the free online training courses developed for the TAA program. TAA participants also completed business adjustment plans using AgPlan (http://AgPlan.com), the online business plan writing app; or AgTransitions (http://AgTransitions.umn.edu), an online transition planning app. Since the end of TAA the AgPlan development team has developed a fishing specific software call FishBizPlan (http://FishBizPlan.org).

Unfortunately, this program has ended because federal funding for the program was cut. If you have questions related to TAA for Farmers, please contact the Center for Farm Financial Management at cffm@umn.edu

Section Image A big part of developing a business plan is the financial component. This is the part that many farmers and ranchers find most difficult. And yet, it might be the most important part – you need to understand your own financial situation to make informed decisions about your future, and you may also need to sell your plan to your lender. This course will focus on gathering the information you will need for your financial plan. We will begin by gathering some past history and current information and use that to build a roadmap for the future.

Download handouts for this section


  •   Introduction
      Financial Toolkit
      Developing your balance sheet
      Developing your income statement
      Developing your cash flow plan
      Calculating ratios and measures