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Cash Flow and Financial Management on Equine Breeding Enterprises

Recommendations: 

  • Act early, even the best farmer’s plans and schedules are in need of adjustments. Delays will cause the situation to deteriorate and cause extra stress.
  • Be realistic and up front in developing your Cash Flow plan using the worksheet below.
  • Consult and draw up a plan with your Teagasc Advisor, Agricultural Consultant or accountant. They have the expertise and experience to help you develop a Cash Flow plan for your business.
  • Decide on a course of action using your Cash Flow plan to form the basis of negotiations with your suppliers and banks. Creditors will respond best to realistic budgets and up-to-date cash flow projections, supported by your own records and accounts.

First Steps 

  1. Complete the simple 5 minute Cash Flow sheet in the document below. 
  2. Move on to complete the Current Debt and Cash Flow Projection sheets to get a fuller picture. 
  3. Contact your adviser or accountant to help complete a more detailed monthly plan if required.

Cash Flow and Financial Management on Equine Breeding Enterprises(PDF)