Does your farm banker want more info?
Story Date: 6/16/2015

 

Source: FARM PROGRESS, 6/15/15

This last winter, my banker was asking a lot more questions about our farm's situation. When he asked if I was tracking metrics, I told him no. I want to make sure I have that information in the future, and I'd like to start doing a better job on financial management in our operation. We're in a pretty solid position, but I think it's time to step up and do a better job at this. What should I be tracking? — T.M., Illinois


You've made a good decision by choosing to focus more on financial metrics and measurements. There are two steps to setting up metrics. First, be careful what you measure. 

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