This sections contains resources that have been put at your disposal to help to prepare for uncertainty.
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COVID-19 Farm Programs and Concerns
BDO put together a task force of agricultural advisors from across Canada to identify the highest priority concerns from our clients. We want to help you through these changing times, so you can focus on ensuring quality Canadian food continues to be produced.Visit Site
Connecting Manitoba Business with programs and resources during COVID-19
Many businesses and not-for-profits in Manitoba are facing significant challenges due to COVID-19. If you're one of them, the Manitoba Economic Support Centre is here for you.Visit Site
Understanding Farm Financial Statements
BDO’s team of agriculture accountants have standardized the farm financial statement to serve farmers’ best interests. Efforts to streamline this process allowed us to develop a set of financial benchmarks as a way for clients to compare their results year over year to plan better for the future based on specific areas of focus.Read Article
Budgeting Farm Machinery Costs
This factsheet provides a framework for calculating the total annual cost of farm machinery so that you can determine whether it makes economic sense for you to own a machine. The best source of information to budget farm machinery costs is your records.Open PDF
Machinery Cost Calculator
The Machinery Cost Calculator is an excel worksheet that contains a machinery cost calculator, cost charts, a factsheet on machinery budgeting, and a comparison worksheet that looks at machinery replacement options including purchase, repair, lease and custom hire. It also has a simple cash basis lease worksheet.Visit Site
Understanding and managing cash flow
A cash flow budget is an estimate of all cash receipts and expenses expected to occur during a specific period. Cash flow examines money movement, not net income or profitability, but it’s an essential part of financial management.Read Article
Forming a clear financial picture of your operation is important. One way to get the information you need is to calculate your operation's liquidity, solvency and profitability – three measurements that will help you evaluate your financial situation.Read Article