Iorwerth Williams from Dunn & Ellis accountants provides advice and suggestions on how to look at the financial side of your farming business.
During the webinar Iorwerth covers the following:
- The importance of looking at the farm as a business and not a way of life
- How to analyse the accounts you receive from your accountant
- How to keep a separate record of your sheep/cattle production costs
- Think twice before buying a new machine – compare the price with a contractor’s fee and see which is best
- What would the financial implications of share farming/renting land out be compared to keeping animals yourself