Interpreting 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.

Income statement

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 Do you really know how much you are making from your farm or ranch business? Most producers have only cash tax information to measure farm profits. Cash statements are easy, but they don’t accurately measure performance. To accurately measure profits, you need an accrual income statement.


  •   Income statement basics
      A look at an income statement
      Income statement interpretation
      Test your knowledge