Year-End Farm and Ranch Management

The executive director of the Kansas Farm Management Association at K-State, Kevin Herbel, discusses a number of end-of-year farm and ranch management topics: conducting a thorough evaluation of where the operation stands financially at year's end, and setting goals for 2020, ways of identifying the operation's financial position and creating a cash flow projection for the months ahead, and using financial benchmarking and other tools. He says that this should go beyond the normal end-of-year tax management.