The Wisconsin Farm Center has financial experts who are trained in a wide range of farm-related subject areas. They can provide assistance with feasibility analysis, enterprise analysis, along with restructuring and cash flow projections. These experts can personally assist you and answer your specific questions. They can also provide you with useful resources.
Cash Flow and Enterprise Analysis
The Farm Center's financial analyst can perform a variety of cash flow and enterprise analyses. The analysis can be done as part of a feasibility study, expansion plan, or restructuring plan. The financial analyst can assist farmers in making difficult financial decisions.
The feasibility study is usually done prior to doing a business plan. It is designed to explore the viability of changes to your current farm business. These changes could include - but are not limited to - expansion, modernization of existing facilities, or changes to one enterprise within the business.
Debt Analysis and Restructuring
A complete cash flow analysis includes an analysis of the debts owed by the farm business. It is important to look at not only the amount of debt owed, but also the term of the debt, interest rates, and repayment amount to get a complete picture of the operations debt structure.
Farm Management Tools
Putting together a top team of professional consultants is critical to today's successful farm business. The Farm Center has a publication, Hiring a Farm Consultant, to help guide the farmer through the process of hiring consultants and an experienced group of volunteer advisors who can assist farmers in many subject areas.
Other Financial Resources
The Farm Center is not limited to only in-house resources to help farmers analyze the financial aspects of their business. Some of these resources include:
Center for Dairy Profitability
Administered by the University of Wisconsin, the Center for Dairy Profitability conducts education programs and developmental research through business management, production systems, and marketing techniques for the enhancement of dairy profitability
U.S. Department of Agriculture-Farm Service Agency
Offers several different types of loan programs for farmers and administers other federal programs that deal with crops and livestock.
Wisconsin Housing and Economic Development Authority
Provides several loan and financial planning programs for Wisconsin agricultural producers.
Wisconsin Economic Development Corporation
Offers several loan and financial planning programs for state agribusinesses.
Wisconsin Small Business Administration
The district office of the U.S. Small Business Administration, has a wide range of financial information and loan programs.