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.
Cash Flow Budgeting and Recording Worksheets
Dairy Cash Flow Budget (PDF, 3.5MB)
Calculators, articles and other resources
Cost Control Planner (PDF)