Managing For Profit In Commerical Agriculture

TABLE OF CONTENTS

Preface CLICK FOR EXCERPT
 
Introduction CLICK FOR EXCERPT
 
Chapter I The Need CLICK FOR EXCERPT
    Agricultural Credit Policy Changes
    Agriculture’s Profit Track

Chapter II Business Forecasting and Control
    Evolution of the Ferguson system
    Resource Analysis Management
    Management By Objective
    Budget Development and control
    Resource Strategy And Economics Plan

Chapter III Accounting in Agriculture
    Inconsistent and Contradictory Terminology
    Balance Sheets
    Income Statements
    Modified Value Balance Sheets
    Hybrid Balance Sheets
    What Is Profit?

Chapter IV Financial Documentation
    Balance Sheet Structure
    Basic Formats for Balance Sheets
    Operating Statements
    Cash Flow Statements
    Loan Documentation Requirements

Chapter V Fourteen Signals of Financial Health CLICK FOR EXCERPT
 
Chapter VI Calculating Ratio & Index Guideline Adjustments
    Guidelines for Specific Farms and Ranches
    Adjusting for Interest Expense Index Varying from 16% Guideline
    Enterprise Analysis Index Adjustments

Chapter VII Thirty-Six Ferguson System Financial Ratios and Indices
    Ratio and Index Examples
    Key Points

Chapter VIII Case Analyses
    Actual Cases #1-9

Chapter IX Eight Fatal Flaws Leading To Problem Debt
 
Chapter X Farmland Purchase Economics
    Purchasing Farmland Can Be Financially Disastrous
    Owning Versus Renting Cash Flow Requirements

Chapter XI Capital Development
    Winning With Lenders
    What Is Negotiable?
    Investor Capital
    Combining Both Lender And Investor Capital
    Seeking Lender Financing
    Presentations To Potential Investors
    Funding...One-Third Of The Total Challenge

Chapter XII Management Stardom’s Five Points
    Maintaining The Correct Internal Business Structure
    Eliminating Price Risk
    Maintaining Efficient Operations
    Using Effective People
    Using Professional Counsel