Updated Guidelines Document Released The 2025 edition of the Financial Guidelines for Agriculture updates benchmark data that compares the variability in financial standards measures as net farm income is divided into five categories. It also shows variability in financial standards measures as gross farm income by size of operation as measured in acres. These benchmark data are illustrative of the type of comparative information that is possible by following the recommendations of the Farm Financial Standards Council as outlined in Financial Guidelines for Agriculture. The benchmark data are provided courtesy of the Center for Farm Financial Management at the University of Minnesota. ? The Financial Guidelines for Agriculture document is available for free to members or may be purchased from the FFSC website here: https://lnkd.in/gEjFnTGT
关于我们
Our council is dedicated to helping farmers by promoting uniform financial reporting and analysis in the ag industry. We want to be the definitive resource for financial guidelines to benefit farmers. The Council came about because of the Farm Debt Crisis of 1983 to 1987. The Agricultural Division of the American Bankers Association commissioned the Report of the National Commission on Agricultural Finance. The report called for the need for standardization with particular reference to the development of: - A universal loan application, and - Accounting standards for farm businesses. - It was indicated that “efforts should address both loan documentation and accounting practices for analyzing farm businesses and for collateralizing loans.” In January 1989 a “Farm Financial Standards Task Force” was created with the mandate to develop and publish standardized Financial Guidelines for Agricultural Producers. The Farm Financial Standards Task Force was incorporated in March 1993, as a “Nebraska non-profit corporation” and on November 12, 1994, the corporate name was changed to Farm Financial Standards Council to reflect more appropriately a permanent organization.
- 网站
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https://ffsc.org
Farm Financial Standards Council的外部链接
- 所属行业
- 会计
- 总部
- Menomonee Falls，WI
- 类型
- 非营利机构
地点
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主要
获取路线
N78 W14573 Appleton Ave #287
US，WI，Menomonee Falls，53051