Farm Management: Monitor & Budget Cashflow
Cash is the lifeblood of every business. Having a good understanding of the way cash moves into and out of your farm business is vital in times of product and input price volatility. It is very worthwhile to have a system in place to monitor cash flow while preparing a forward cash flow budget will allow you to plan ahead and identify period of cash deficits or indeed cash surplus in the good times.
Teagasc have a cash flow recording and budgeting tool available called the Cost Control Planner. Contact your local Teagasc advisory office for details.
Setting up a cash flow budget (118kb, .pdf format)
Recording cash flow and using a cash budget (76kb, .pdf format)
Overview of the Teagasc Cost Control Planner (332kb, .pdf format)