Common Pitfalls in Farm Finances

Having grown up on a fifth-generation family farm, Farm Family Coach Alyssa Brown truly gets the unique struggles all farmers face.

Her combined background in accounting and agriculture makes her a powerhouse of insight for farmers, and in this week’s video, Alyssa is highlighting the seven common pitfalls you need to look out for when it comes to your farm finances.

Here’s what we’ll cover👇

1. Inadequate Cash Flow Management
2. Not Managing Debt Effectively
3. Lack of Diversification
4. Risk Management
5. Misaligned Investment Priorities
6. Neglecting Technology Adoption
7. Neglecting Succession and Estate Planning

Yes, folks –the struggles are REAL–but as Alyssa points out, your unique challenges are what breed resilience and a strong work ethic. However, you still need to be watchful for anything that could be harming your income-producing potential. If you’re not sure what to look out for, our team is always here to point you in the right direction.
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