It’s Winter!

Somehow we always manage to wait until it turns cold before we realise the water tanks must be dealt with.  At least it wasn’t uncomfortably cold.  I already had two tanks drained, but still had one more to go, and two to turn on the leak valves so they won’t freeze.  I chopped out soft ice about an inch thick that had formed on the surface.  My husband had dozens of tanks to deal with!

Cheers

tauna

TF - Water tank 2014 (1) - Copy
The little bubble indicates that the leak valve is open, allowing water to flow constantly thereby keeping the water moving so that it won’t freeze.  Plus with cattle drinking, warmer water from the pond continues in through the regular valve.  Since we don’t want the water to flow over the side of the tank making a muddy or icy situation, the excess water flows through the overflow pipe in the middle of the tank and is piped some 20-30 feet away underground.  Usually into a ditch or creek.

Farm Finance

Every business or family finances have some unique components that you must determine to help your business or home run smoothly.  However, there are some very basic tools that apply to all.

  1. Bookkeeping-every family and small business should employ bookkeeping principles.  These will include records by account, labor costs, profit and loss (income statement), working capital, balance sheet, debt-to-asset ratios.
  2. Use a double-entry system to keep track of where your money is spent.
  3. Set up basic accounts, these may need sub accounts depending on your company, but here are 10 basic ones:  sales, expenses, payroll, and retained earnings for your income statement and cash, accounts payable, accounts receivable, notes payable, inventory, and owner’s equity for your balance sheet.

 

Most of us have taken basic bookkeeping in high school and so already have the foundation for setting up appicable accounts for our own families and businesses.  The stumbling block is actually doing it!  If you wonder where all your money is at the end of the month or year or complain about the lack of funds, then it’s time to make a resolution and commitment to keeping track of where your money goes. This especially includes all those little cash purchases; coffee, candy bar, water bottle, etc.  Remember, too, you don’t have to buy software to do this.  For millenia, record keeping has been done with pen and paper.  However,  if computer software will encourage you to move forward, I think there are some very reasonably priced packages out there.  Many you may be able to try out for free for a short time.

Here’s a budget helper that seems to be free, but i don’t know anything about is.  It is Dave Ramsey’s EveryDollar free budgeting tool.  Plus Dave Ramsey has a bunch of free tools available.

Whether you choose computer software or a pencil and notebook, start this year taking control of your finances.

Cheers!

tauna

The Road Ahead

Reprinted in part from Farm Journal, December 2015.

Reassess, Dump Loser Assets

Smart farmers will survive the challenges that arise in 2016.  Just as they’ve done in the past, they’ll reassess their spending and recognize cash is king.  I also recommend the following:

Understand true cost of production.  Account for every dollar.  It’s how you’ll quantify whether you’re headed for profit, loss, or breakeven.  Don’t overlook your true living expenses, including what you set aside for college and retirement.  “Tis the year for living frugally.

Scrutinize every line item in your budget.  It’s the only way you can stop haemorrhaging cash and become leaner.  Is there a way to cut your overall costs?  I challenge you to cut all expenses by 1%.  It might seem small, but I’ve witnessed this exercise lead to six-figure savings.  Question input costs and negotiate with suppliers.

Be sure to liquidate all non-productive assets.  You can generate thousands of dollars by selling losers.

Stay in contact with your lender.  They realise down cycles occur.  The last thing you want to do in tough times is cut them off.

article by Peter Martin, Finance & Growth Expert, Farm Journal magazine.

My comments:  Just because an asset is no longer working in your operation, doesn’t necessarily mean it’s a ‘loser’ for everyone.  Sometimes our goals change and someone else needs exactly what we no longer need.  Of course, if the asset is junk,  be sure to sell it that way.

 

Difficult verses in the ‘Christmas’ story, p.4

Fourth in the series

natsab

in the beginningIn the beginning was the Word, and the Word was with God, and the Word was God.He was in the beginning with God.All things came into being through Him, and apart from Him nothing came into being that has come into being.In Him was life, and the life was the Light of men.

No reading of the ‘Christmas’ story is complete without John 1, yet these verses pose a sizable challenge to Christian theology if we stop and really take a look at them.

Have you ever considered the implication of these verses?  Jesus, or by His Hebrew name, Yeshua, was with God in the beginning and was (is) God.  Easy, right?  Not so fast, my friend!

What are the implications of the Messiah being present from the beginning?

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Difficult verses in the ‘Christmas’ story, p.3

Repentance – to turn to or return to. To what do we return?

natsab

Zacharias and AngelI don’t know about you, but I really want to be ready for the Messiah’s coming.  We live in heady days as far as prophecy is concerned.  Every day there is some new event or some new happening that perfectly points to the soon coming of Messiah ben David.

Are you ready?

Luke, in his telling of the ‘Christmas story,’ provides us with a number of very difficult verses if we scrutinize them according to the normal Christian narrative.  In part one we considered the blamelessness of Zacharias and Elizabeth and in part two we considered the Kingdom the Messiah is to reign over.  In this part we will consider what it takes to be prepared for the Messiah.

What do you think it takes to be ready for the Messiah?  What have you been taught?  Is it an internal attitude and thought process?  Say, faith?  Or, is it an…

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Hay & Stockpile Lab Results -2015

Lab Results 2015 – Purdin Paddock 8 Old stockpile from May-June growth

Lab Results 2015 – various

Lab Results — 2015 – Oldfield purchased  hay 2015

Depending on weather conditions, it’s quite likely our cows may need some energy.  What we are concerned about is the lack of green in any of our stockpile which, from what we read, can result in a serious lack of Vitamin A.  We are looking into supplementing that since the lack of this important vitamin results in expensive compromises to animal health.

Cheers

tauna