Estimated completion time: 1 hour 30 minutes

In this unit from the Manage Your Farm Finances course series, we explore operational budgets and how they can enhance business performance. You’ll learn why you should have a cash flow strategy, how to develop one and its practical applications. We’ll also explore the key steps of cash flow management, moving beyond monitoring to effective oversight.

Lessons: 

• The foundational principles
• Operating budgets
• Cash flow budgets
  

Learning objectives: 

• Understand the difference between operational budgeting and cash flow management. 
• Plan for and mitigate unexpected expenses or cash windfalls. 
• Assess seasonal swings in cash flow and day-to-day living. 
• Assess actual vs. projected cash flow.
• Determine your cash flow needs and operating debt requirements before running out of cash.