"Digging For Gold... Farm Financial Gold" w/Dick Wittman

There are many ways to increase your top line and bottom line in farming. Today we are chatting with Dick Wittman about how farmers can find more "Gold" in their operation through learning and implementing Dick's TOP 10 financial management best practices. Dick has a wealth of experience and wisdom when it comes to farming and farm financial management. He is the former manager and board chair of a 20,000-acre Idaho family farm partnership involving crops, cattle, and timber. Since 1980 he has provided consulting services in family farm business and financial management in the U. S., Canada, and Australia. In January 2004, he released Building Effective Farm Management Systems, a guidebook designed to help commercial-size family farm businesses put in place professional management and transition processes. It was our pleasure to have Dick on the show once again to share his wealth of information with our audience. In this episode, Tracy and Dick chat about; cash versus accrual accounting, tax vs. economic depreciation, cost vs market value balance sheet, deferred tax, why paying taxes is a GOOD THING TO DO, using models to optimize capital asset acquisitions and much more. Are you looking to fine-tune your farm financial management skills? If so, you will not want to miss this episode. …………………………. SHOW RESOURCES To learn more about Dick Wittman, his FREE resources, or his Building Effective Farm Management Systems Guidebook that is available for purchase, please visit: http://click2go.me/.2zddf …………………………. Thank You to our Show Sponsor: Proven® Seeds Canada's Premier Seed Company You want bigger, higher-quality yields plus profit. And Proven Seed delivers. http://btfollow.com/.2zcs0 ………………………….