There are many great business reasons to do a budget. From tracking spending to facilitating discussion. If we think of a budget as a road map, we know that real-life driving has unforeseen conditions not on the map. For example, there may be road construction, an accident, or even inclement weather. In such a case, you have to find another way to go. The same can be said for a budget. The estimates and calculations are based on assumptions made at the time the budget is created. These can change, and accordingly, you’d need to make new plans for the budget...




Part 2 of a 2 part series, that breaks down the top factors that will affect the 2019 U.S. rural economy in summary paragraphs. This series explores the global economy; the U.S. economy; monetary policy; the U.S. government; the U.S. farm economy; ag trade policy; grain, farm supply, and biofuels; and the U.S. animal protein sector. Each of these topics will help you better understand how such external factors might affect your farm business...





It seems like the world is getting more complicated by the day and it can be overwhelming and confusing to try to catch up with all the news outlets and current events. This brief, two-part series will break down the top factors that will affect the 2019 U.S. rural economy in summary paragraphs. This series will explore the global economy; the U.S. economy; monetary policy; the U.S. government; the U.S. farm economy; ag trade policy; grain, farm supply, and biofuels; and the U.S. animal protein sector. Each of these topics will help you better understand how such external factors might affect your farm business...




The 2018 Tax Cuts and Jobs Act arrived with a slew of changes to the tax code. There was a major reduction in the corporate tax rate to 21%, an increase in the standard deduction for all filers, the elimination of the personal exemption, and a limitation of the deduction for state and local taxes, just to name a few...
 



What’s the use of a budget? What happens, happens. It is what it is… right?
Surely a budget cannot change market forces that are beyond internal business control – but it can lend itself to making changes in order to drive profitability. When it comes to preparing a budget, here’s a list of reasons to just do it...

 

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