BUSINESS DEVELOPMENT FOR FARM BUSINESSES

Farm Financial Assessments

 What can a Farm Financial Assessment do for your farm business?

• Provide a better understanding of your financial situation
• Benchmark your farm using six key financial ratios
• Develop projections to evaluate changes to your business
• Calculate your cost of production
• Provide you key financial information to make informed business decisions

A Farm Financial Assessment (FFA) includes:

• A review of past financial performance
• An analysis of the current farm business situation
• A ratio analysis and assessment of liquidity, profitability, solvency and repayment capacity
• The identification of options to meet the farm business profitability goals.

1. Complete an FFA with an Advisor selected from the OMAFRA FFA Advisor List. (FFA-01)
2. Complete an FFA with a qualified Advisor of your choice. (FFA-02)
3. Complete a one-year Follow-up Review with your selected Advisor (FFA-03)

NOTE:  If you farm business is in financial difficulty and you would like to access immediate assistance for a Farm Financial Assessment prior to attending the Growing Your Farm Profits workshop, please call OMAFRA at (519) 826-3220 to discuss your options.