Financial Management:
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Financing is important issue for the development agricultural value chain.
Your business must be financially successful.
Financing is important issue for all participants in the agricultural value chain In the agricultural value chain, input suppliers, traders, agro-processors and agri-business are important role of financing to farmers and need to work together.
Government need to support to promote financing for resource poor farmers and private sector.
Issues in Financial Management:
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Financial Plan
Financial statement
-Balance sheet - solvency
-Income statement -profitability
-Cash flow statement - liquidity
Long range projections
Projected profitability
Capital required –how much money you need to implement your business plan. Sources of finance
-Asset management - acquire and manage capital assets - purchase, lease, or custom hire.