MIP #444 - Accrual Income vs. Cash Income- Understanding True Profitability in Farming with Alan Hoskins
Takeaways
The Federal Reserve has stated that it is not planning to change interest rates soon, which may affect the agricultural industry.
Accrual and cash income are two ways of measuring profitability in farming operations. Accrual income considers future expenses and income, while cash income only considers actual cash flow.
Understanding accrual income is essential for farmers and lenders to assess an operation's financial health accurately.
The upcoming election may bring uncertainty to the agricultural sector, and farmers should work to mitigate risks and position themselves for potential changes.
Chapters
00:00 Introduction and Federal Reserve's Stance on Interest Rates
02:52 Accrual Income vs. Cash Income
14:39 Navigating the Uncertainty of the Upcoming Election
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
info.ironsolutions.com/moving-iron-podcast.
Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc
Music By: @TalbottBrothers
Host: @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
See omnystudio.com/listener for privacy information.
