John Hobert Riverland Community College

Publish Date: April 19, 2012

There are many ways of evaluating a business and making financial decisions for the business. Historically in agriculture, that has varied by the enterprises you have, the lender you work with and the part of the country you live in. These variations made it hard to compare apples to apples and maintain consistency across regions and enterprises. That was one of the main reasons that the Farm Financial Standards Task Force was formed. The Task Force (FFSTF) has since developed a set of guidelines to make it easier to consistently evaluate a business and make financial decisions based on that evaluation.