Reg Shandro explains the secret to farm finance – how farmers typically look at the cash flow situation on their farm, and how they really should be looking at it.
Farmers typicaly look at cash flow as a lake or a river.
Looking at cash flow as a “lake”, the farmer thinks ‘I have lots of assets and lots of networth, so what’s the problem?’.
Looking at cash flow as a river, the farmer thinks in terms of cash coming into the farm business and cash going out of the business.
Watch the video to find out the secret to farm finance and how the bank wants you to look at cash flow on your farm.
This workshop was funded in part by the Agriculture & Food Council of Alberta