Farm Financials Toolkit

The Farm Financials Toolkit is designed to help you track and analyze your farm’s financial performance like never before. In Canada, accounting firms and farms each have their own way of setting up their financial statements. However, this becomes problematic for farmers who seek to benchmark their performance year over year, and against other farms. It also becomes problematic when farmers want to see how their management practices impact their financial performance and seek areas for improvement.

The Farm Financials Toolkit helps organize your farm financials into logical, standardized categories of expenses that can then be used to calculate financial ratios. In turn, the ratios can be used across groups of farms to provide performance benchmarks.

The Toolkit adheres to the new international standard for farm financial statements and uses accrual accounting rules. It is designed for farm accountants and farmers with intermediate to advanced accounting skills.

Click here to access this resource.

Click here to access Farm Management Canada’s glossary of financial terms.