An overview of using enterprise budgets to project costs and returns for production activity on the farm or ranch.

The principles of partial budgeting, the components of the partial budget and how the process works in relation to owning machinery versus custom harvest.

The fall 2021-2022 custom rates data collection and considerations from Oklahoma farmers, ranchers and custom operators.

Learn how to utilize the farm financial trends worksheet to gain insight into your farms financials performance and changes in financial position.

An explanation of what a liabilities schedule consists of, the different subjects within the schedule and why each subject is important.

Accounting terms and requirements for defining owner equity.

Instructions and forms for inventorying assets and documenting detail to support entries made in the financial statements.

The factors for developing a balance sheet, cash flow and income statement consistent with the Farm Financial Standards Council recommendations.