Farm Finance Categories From QuickBooks

Farm Finance Categories From QuickBooks

We use QuickBooks accounting software to track our finances. Within QuickBooks the different items that we track are broken down and organized into categories like income, expenses, and payroll. 

When you are starting to farm your financial accounting may be simple enough that all you need is a spreadsheet or even a notebook. QuickBooks is just a fancy notebook that helps you keep track of what you are doing with your farm business finances.

When I started using it I had to learn too things:

  1. It's not as complicated and terrible as I thought
  2. It's best to not make things too complicated
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2018 Farm Budget

2018 Farm Budget

Brace yourself, you’re about to see my 2018 farm budget. It’s going to shock you a little bit. You may feel surprise, exasperation, perhaps some jealousy and even a little frustration. You may think to yourself, “Wait, how is this possible?”

Or, you may find yourself saying, “Yeah, that’s about what I expected. I’m comfortable with that. I’d love a little more clarity, but based on what I have seen from John’s channel this is what I am expecting.“

Whatever your reaction ends up being it is important to read this blog post entirely. If you don’t hear me out with what I have to say than I don’t hold your opinion valid. If you skim you’re not going to get the whole picture and that’s potentially troublesome for both you and me. I’ll explain the trouble at the end.

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My 2018 Farm Plan

My 2018 Farm Plan

Camps Road Farm works in conjunction with Kent Falls Brewing Company and Neversink Spirits as part of The Food Cycle, LLC. Camps Road Farm works in a supportive role of the other two businesses while also producing farm goods for sale.

In 2018 we are focusing on the definition of a farm brewery and putting the most effort into agricultural enterprises that add value into the brewery while minimizing the farm's overhead.

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Farm Sales Demographic Shift

Farm Sales Demographic Shift

2017 brought with it one of the most fun opportunities I have ever had the pleasure to be a part of. After a couple years of selling chickens off the farm and running the brewery mostly off wholesale we were finally able to open our own tasting room.

This was fun for me for a few reasons. There’s the business reasons like being able to finally pour beer and sell at retail prices (until now it was primarily wholesale). But that’s the boring stuff.

If you remember back a few blog posts, I went to school for scenic and lighting design. Here at my home, the place I’ve been toiling over for the past few years, I got to scratch an itch and help design and build a tasting room and farm store.

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Building Onto a Farm Brewery

Building Onto a Farm Brewery

As I've now looked back at every year leading up to this one something became very clear to me. Not for one season have I ever tried to be only a farm. What I mean by that is I never told everyone else "sorry, I can't do that, I have to focus on the farm."

Granted, that wasn't necessarily the original vision. The farm was always part of a bigger strategy involving two other businesses. However, looping in land and project management along with other odd jobs was just too much. Where we fell short was thinking I could create a viable farm while balancing all these other obligations. Lesson learned.

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Farm Finance Trap, Too Big Too Fast

Farm Finance Trap, Too Big Too Fast

In my 2013 farm season I grossed about $20k which is about what I expected for the year. That number does not support a family of three by itself, especially when you consider that doesn’t account for my farm expenses, but it was the start I expected.

When I moved onto my new farm I took on partners. I was given the goal to gross $100k while also growing two different perennial operations that weren’t going to make any money for a few years. I figured that if I grossed $20k with 1300 broilers and some herbs that if I just took that and multiplied it by five I could hit my goal. Man was I wrong...

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Four Major Milestones On Farm and In Life

Four Major Milestones On Farm and In Life

There are a handful of major milestones that you can go through in life. Being born is a good start, graduating school, getting married and starting a family, buying a house, etc…

In 2013 I was fortunate enough to experience several of those milestones. Now several years later they remain important aspects of my life for one reason or another. For those of you following my story looking for advice, I would advise against trying to cram all of this into one year.

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Apprenticing on Farms Across The Country

Apprenticing on Farms Across The Country

Together, my wife Kate and I traveled 5,500 miles all by pedal power. From New York City to Seattle to San Diego we visited farms and craft breweries across the United States of America. We have dozens of great stories from the road that usually start with “oh man, remember that time we…”. Perhaps those stories will surface in future blog post, but for now I must stay on task.

Today’s post highlights some of our farm experiences from our trip. If pedal power was how we got there, let’s talk really quickly about why we were there in the first place.

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