Peter Scheffert 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.

Publish Date: June 3, 2006

Along with the credit report, lenders can also buy a credit score based on the information in the report. That score is calculated by a mathematical equation that evaluates many types of information that are on your credit report at that agency. By comparing this information to the patterns in hundreds of thousands of past credit reports, the score identifies your level of future credit risk.