Planning Ahead: Building a Farm Budget for 2022

Avatar: FBN Network
FBN Network

Dec 21, 2021

As 2022 approaches, it’s time to start thinking about planning your farm’s budget. Proper planning ahead of time will help decide about major decisions for your operation. 

Join FBN®’s Sunday Mancini as she sits down with TJ Wilson to talk about planning ahead and building your budget for 2022. 

TJ Wilson is the Head of Sales for FBN® Finance. He comes to FBN from a 15 year career in the banking industry working in lending and management roles after graduating from Kansas State University.  In addition to working in Finance, TJ is also part of a corn and soybean operation with his family in Northeast Kansas.

What you’ll learn

  • Getting started (00:00)

  • Projecting your income (03:03)

  • Projecting your expenses (07:17)

  • Prepping your balance sheet (12:23)

  • Financial ratios explained (17:35)

Watch now

Benchmarking tools

As TJ mentions, there are a number of tools that are produced annually by different universities across the country. A few good benchmarking tools can be found here:

Learn more

For more information, please:

  • Visit our product page at fbn.com/financing

  • For Canadian farmers - contact your FBN Account Executive

  • For Australian farmers - contact your FBN Account Executive

  • Call 1-844-200-FARM


Disclaimer: The material provided is for educational purposes only. It is not intended to be a substitute for specific individualized tax, business, legal, investment or professional advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager. Neither Farmer's Business Network, Inc. nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed.

Financing offered by FBN Finance, LLC and its lending partners. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify.

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Avatar: FBN Network
FBN Network

Dec 21, 2021