Best Practices to Managing Farm Financial Health and Wellbeing

dc.contributorVirginia Cooperative Extensionen
dc.contributor.authorNiewolny, Kimberly L.en
dc.contributor.authorMorgan, Kim O.en
dc.contributor.authorMason, Garlanden
dc.contributor.authorNunoo, Nicoleen
dc.coverage.countryUnited Statesen
dc.date.accessed2020-09-02en
dc.date.accessioned2020-10-14T17:39:44Zen
dc.date.available2020-10-14T17:39:44Zen
dc.date.issued2020-09-02en
dc.description.abstractMost farmers and ranchers—and, particularly beginning farmers and ranchers—do not have the financial capacity to hire financial managers to manage their finances for them. The onus is therefore placed on the farmer to assume the multiple roles of accountant, business manager, and farmer at the same time. The tried-and-true approaches to addressing financial risk begin with the development of a whole-farm risk-management plan. We provide best management practices to manage and mitigate the whole-farm, and whole-family risks associated with finances, production, marketing, legal issues, and human interaction (Nickel, 2020).en
dc.description.notesNPen
dc.format.extent2 pagesen
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttp://hdl.handle.net/10919/100518en
dc.identifier.urlhttps://www.pubs.ext.vt.edu/content/dam/pubs_ext_vt_edu/ALCE/alce-222/ALCE-222.pdfen
dc.language.isoen_USen
dc.publisherVirginia Cooperative Extensionen
dc.relation.ispartofseriesPublication (Virginia Cooperative Extension); ALCE-222en
dc.rightsVirginia Cooperative Extension materials are available for public use, re-print, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.en
dc.subject.cabtFarmsen
dc.subject.cabtrisk reductionen
dc.subject.cabtFinancial planningen
dc.subject.cabtMarketingen
dc.subject.cabtLawen
dc.subject.cabtInteractionsen
dc.subject.cabtProductionen
dc.titleBest Practices to Managing Farm Financial Health and Wellbeingen
dc.typeExtension publicationen
dc.type.dcmitypeTexten

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