In this episode, Tracy Brunet, host of The Impact Farming Show explores one of the most powerful financial tools in this episode titled "What's Your Net Worth."
So, do you know your net worth? In this episode, we dive into what a net worth statement is and why it's so important to business owners. We also review what's included in the statement and share some handy tips for creating one for your farming operation.
As the farming landscape continues to get more and more competitive, and margins become thinner and thinner, fully understanding our farm finances is no longer going to be optional. As we listen in to economists and the brightest minds in agriculture, the ones that are going to survive for the long run are going to be the farmers that are the best farm business managers.
Do yourself, your farm, and your future farming generations a favor and tune in to this episode.
