End-of-Year Financial Assessment
December 3, 2020
The executive director of the Kansas Farm Management Association, Kevin Herbel, offers a host of considerations on end-of-year farm financial assessment: the indicators of financial performance for each farm enterprise that the producer should examine; and the value of knowing one's costs of production in precise terms; how one's income numbers for the year should figure into tax management decisions; and how it all factors into management planning for 2021.