How is your operation doing?
To help you understand the current financial health of your farm operation, use this Farm Financial Scorecard of ratios and Key Performance Indicators (KPIs) (see downloadable pdf below) from the Farm Financial Standards Council.
Select two measures for each category. Then calculate and determine if your measure indicates whether your operation is healthy, needs improvement or is unhealthy.
You’ll need measurements from your income statement, cashflow statement, balance sheet and other financials to fill out your financial scorecard.
This resource provides formulas and additional measures that can help you calculate the KPIs that are most relevant to your individual operation.
Download the Financial Scorecard Worksheet.