The Benefits of Using a Capital Expenditure Budget

Farm owners seeking to make big-ticket purchases should be sure to plan carefully before doing so. Creating a capital expenditure budget is the first step to take before making a big purchase, writes Sara Schafer in a recent article for AgWeb. Crafting this type of budget requires accounting for your past activity, your cash flow, and any debt payments or non-debt purchases. Proper prior planning such as this is key to the long term success of your farming operation. To learn more, click here to read the article in full.