Budgeting & Financial Planning
Knowing how to plan and budget effectively can boost profitability, give you a better idea of where to target your efforts to do so, and give you peace of mind about the performance of your business. We have three important tools to help guide you through budgeting and financial planning:
- Farm Management Handbook 2023/24
- Budgeting - Why? Budgeting is an essential tool for any business. This guide explains why you should budget and the steps you can take to make budgeting easier.
- Cash flow Budgeting – a downloadable tool to help you budget the year ahead.
- Strategic planning – this section provides step by step guidance on how to make better decisions regarding the long term future of your business.
All farmers are required to keep records for their business, whether for financial purposes, animal or arable record keeping. Many of these records can still be kept on paper and will satisfy requirements for SGPRID inspections or for assurance schemes such as SQC and QMS, however there has been a shift to most of this information being available in a digital format and in the coming years it is likely that all records will need to be kept and submitted digitally. Read more >>
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