Financial Planning for Farmers
In the context of 2016 difficulties, a sub-group of the Dairy Forum (including the Department, representatives of the main banks, the processing sector, farm organisations and Teagasc) met recently and agreed a number of measures to improve on-farm financial planning, particularly cash-flow planning:
- Dairy Forum - Cash Flow Financial Management on Dairy Farms (pdf 199Kb)
- Dairy Forum Presentation - Cash Flow Initiative (ppt 1,506Kb)
- Cash Flow planners for other sectors, including drystock and tillage.
The ‘Teagasc Farm Management’ programme, including the ‘Get Farm Financially Fit’ campaign, aims to empower farmers to make good financial decisions on their farms resulting in increased farm income and improved long-term viability. The technologies developed and supported by this programme will help the farm business to operate at a high level of technical & financial efficiency.