May Farm Finance Reports

Nice to see black!

Jonathan Woodford - Sugarwood Acres May Finance Report

farm fencing

When you are coming out of the winter months it is always great to have a moneth when you are making more money than you are spending. I mean, that makes sense right? Even though at times it may not be entirely too far in the black.

Keep the perspective that a lot of the farms in the FFC are start-ups where they are investing in their farms future with equipment, infrastructure, marketing, etc... Many of these case studies and the common story of any beginning business is that most of the profits go back in to building the business.

In the beginning of the year nad the beginning of your business there will be periods where you are constantly spending money and it seems like it will never come back.

But every year Summer eventually comes and crops start to grow, customers come out of hibernation, and markets open up.

 

Back at the Market

Courtney Sullivan - Humble Hill Farm May finance Report

farmers marketSummer Farmers' Markets are opening everywhere. Camps Road Farm's summer market started May 9th. Humble Hill Farm is part of the crowd returning to the farmers' market.

The market is not just a place to sell, but a place to market. There is a difference there and here's a little story to prove it.

A couple of years ago when I was starting my Chicken CSA I could not yet (legally because I was processing chickens on farm) sell at the farmers' market. The other vendors were nice enough to let me come and talk up my CSA though. For the first month of markets I came with a chicken tractor, a tent, painted signs, an e-mail list sign up sheet, and marketing materials. I got most of my CSA members from people at the market.

Even if you don't have a lot to sell, or anything to sell yet, going to the market, if you are able, can prove to be very valuable. I hit my CSA member goal that year and I am still farming!

 

Too Busy to Make Money?

Austin Martin - Squash Hollow May Finance Report

pig roastA weird statement right? Until you're in the postition you would almost think it is ridiculous. Imagine being "so busy" that you forget to take someones money for something that you sold them.

Well it can happen. Especially on farms. You get so busy with the tiny details and the day to day tasks, not to mention the big projects, that you start to forget the other parts of your business. It is a business after all. There's HR, customer service, marketing, advertising, finacial planning, billing, insurance, etc...

If you are so busy working on a pig roast, fixing a tractor, making hay, and there is no one to follow up on open invoices they can get lost in the fray. If you do not have a good book-keeping system in place to track all of that in case you do get distracted then that could be money lost forever and you're left at the end of the year wondering what happened.

Even if you cannot immediately get on your accounts receiveable make sure you are writing everything down!

 

Links to Farm Reports:

Berube Farm

Berube Farm

  • Vegetables including squash, tomatoes, and beans
  • Gross Income: $787.71
  • Expenses: $2,240.77
  • May Report
Bird Creek Farms

Bird Creek Farms

  • Organic vegetables, 200 chickens, and alfalfa
  • Gross Income: $929.95
  • Expenses: $1,615.40
  • May Report

 

Camps Road Farm

Camps Road Farm

  • Hops, apples, pasture-raised poultry, and events
  • Gross Income:$3,574.00
  • Expenses: $4,975.00
  • May Report

 

 FFC January | Humble Hill Farm

Humble Hill Farm

  • Vegetables and Fruit
  • Gross Income: $2,677.62
  • Expenses: $1,776.60
  • May Report

 

 Sandia Pastured Meats

Sandia Pastured Meats

  • Dairy, eggs, and livestock
  • Gross Income: $1,684.00
  • Expenses: $3,802.64
  • May Report

 

 Squash Hollow Farm

Squash Hollow Farm

  • Pastured pork and chicken
  • Gross Income: $350.00
  • Expenses: $1,972.00
  • May Report

 

 Sugarwood Acres

SugarWood Acres

  • Maple syrup, wood, and hay
  • Gross Income: $7,138.35
  • Expenses: $7,075.71
  • May Report