Sheet 1: Intructions

 


Sheet 2: Business Self Assessment

	
	
	

		

 
		
		

 
		
		

 
		
		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		
	

		


		


		


		


		


		


		


		

 
		
		
	

		


		

 
		
		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		
	

		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
Taking Stock (PDF)
		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
Taking Stock for the Beginning Farmer (PDF)
		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
Taking Stock - A Processor Business Planning Workbook (PDF)
		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
Taking Stock for Wildfire Recovery (PDF, 1.5 MB)
		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	



Sheet 3: Net Worth

	
	
	
	
	
	
	

		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		


		


		
Farm Name
		


		


		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
NET WORTH STATEMENT 
		


		


		


		


		


		


		


		


		


		


		


	
	

		


		
FARM ASSETS
		
FARM LIABILITIES 
		


		


		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		

 
		
		
	

		


		
Current Assets (within one year)
		


		
Current Liabilities (within one year)
		


		
	

		


		
Cash on Hand 
		
 $-   
		
Bank Overdraft 
		
 $-   
		
	

		


		
Bank Deposits
		
 $-   
		
Operating Loan 
		
 $-   
		
	

		


		
Prepaid Expenses and Supplies
		
 $-   
		
Accounts Payable
		
 $-   
		
	

		


		
Accounts Receivable
		
 $-   
		
Rent Payable 
		
 $-   
		
	

		


		
Growing Crops
		
 $-   
		
Taxes payable 
		
 $-   
		
	

		


		
Crop Inventory
		


		
Feeder Loan
		


		
	

		


		
Market Livestock Held for Sale
		
 $-   
		
Other
		
 $-   
		
	

		


		
Farm Supplies 
		
 $-   
		
Add: principle payments due within 1 year on 
		
 $-   
		
	

		


		
Other Assets
		
 $-   
		
a) intermediate liabilities
		
 $-   
		
	

		


		


		
 $-   
		
b) long-term liabilities 
		
 $-   
		
	

		


		
Total Current Assets (A) 
		
 $-   
		
Total Current Liabilities (E) 
		
 $-   
		
	

		


		


		


		


		


		
	

		


		
Intermediate Assets (1 to 10 years)
		


		
Intermediate Liabilities (1 to 10 years)
		


		
	

		


		
Machinery and Equipment
		
 $-   
		
Notes Payable
		
 $-   
		
	

		


		
Farm Vehicles
		
 $-   
		
Breeder Stock Loans 
		
 $-   
		
	

		


		
Breeding Livestock
		
 $-   
		
Machinery and Equipment Loans
		
 $-   
		
	

		


		
Other Assets
		
 $-   
		
Vehicle Loans
		
 $-   
		
	

		


		


		
 $-   
		
Other
		
 $-   
		
	

		


		


		
 $-   
		
Subtotal 
		
 $-   
		
	

		


		


		
 $-   
		
Minus (-) principal payments due within 1 year
		
 $-   
		
	

		


		
Total Intermediate Assets (B) 
		
 $-   
		
Total Intermediate Liabilities (F) 
		
 $-   
		
	

		


		


		


		


		


		
	

		


		
Fixed Assets (over 10 years)
		


		
Long Term Liabilities (over 10 years) 
		


		
	

		


		
Buildings and Structures
		
 $-   
		
Building/Improvement Loans
		
 $-   
		
	

		


		
House
		
 $-   
		
Land Mortgages 
		
 $-   
		
	

		


		
Land 
		
 $-   
		
Other long-term loans 
		
 $-   
		
	

		


		
Other Long-Term Assets
		
 $-   
		
Minus (-) principle payments due with 1 year
		
 $-   
		
	

		


		
Total Fixed Assets (C) 
		
 $-   
		
Total Long-Term Liabilities (G) 
		
 $-   
		
	

		


		


		


		


		


		
	

		


		
(A+B+C) TOTAL FARM ASSETS (D)
		
 $-   
		
(E+F+G) TOTAL FARM LIABILITIES (H)
		
 $-   
		
	

		


		


		


		


		


		
	

		


		
Total Farm Assets (D) 
		


		
 $-   
		
	

		


		
Minus(-) Total Farm Liabilities (H) 
		


		
 $-   
		
	

		


		


		


		
NET WORTH 
		
 $-   
		
	

		


		


		


		


		


		
	

		


		
Source: Adapted from Province of British Columbia, Planning For Profit, Field Manual, Notes on Financial Management  for Agricultural Producers, H.A. Scott July 1981