Why Accrual Accounting Matters for Farmers–It’s Not Just for Tax Season
One of the most crucial, yet often overlooked responsibilities on the farm is farm business accounting. Regrettably, many operations perceive this task as a necessary evil, typically addressed only once a year before banker meetings or tax return filing.
Read: Why Accrual Accounting Matters for Farmers–It’s Not Just for Tax Season
Cash Accounting: A Fundamental Starting Point for Every Farm
A robust accounting foundation empowers you to analyze both current and past financial data, thereby shaping decision-making and guiding the trajectory of your farm business.
Read: Cash Accounting: A Fundamental Starting Point for Every Farm
5 Reasons to Consider “Auto-Steer” For Your Farm’s Finances
Farmers familiar with the benefits of auto-steer technology in their equipment can appreciate similar advantages when applying these principles to financial management.
Read: 5 Reasons to Consider "Auto-Steer" For Your Farm’s Finances
2024 Winter Farm Shows
These upcoming events present a fantastic chance to connect with Traction and explore the newest software technology tailored for your farm. We look forward to showcasing a demo, addressing any inquiries you may have, or assisting you in initiating a trial.
Traction Mobile App Now Available
Introducing Traction Mobile, the ultimate tool for seamless field task management. Boost your productivity, save time, and gain efficiency by effortlessly handling your connected machine tasks from your phone.
Cloud-based record-keeping a vital tool for farmers during harvesting season
The importance of cloud-based record-keeping for farmers during the harvesting season. The author recommends Traction Ag’s suite of cloud-based capabilities to help farmers manage their accounting tasks during this busy period.
Read: Cloud-based record-keeping a vital tool for farmers during harvesting season
Record-Breaking Missouri Farmland Sale: How to Maximize ROI
Missouri Farmland Record Sale and Traction Enterprise ROI. Learn how to maximize sale & ROI by understanding the landscape of farmland records. Get tips from the experts.
Read: Record-Breaking Missouri Farmland Sale: How to Maximize ROI
Prepping Farm Financials for the Harvest Season
As the harvest season approaches, it’s crucial for grain farmers to not only ready their equipment but also streamline their financial strategies for a prosperous 2024.
Financial Reporting to Lower Farm Borrowing Costs
Building a strong partnership with your lender begins by maintaining accurate financial records. This can have a substantial influence on your borrowing costs.
Cash Flow in a High Interest Rate Environment
Higher interest rates have many implications for a capital-intensive industry like agriculture. Practical management tactics need to change in a high interest rate environment, and strategic concerns must be considered.
