Legacy Farmer serves as the compass for forward-looking family farms, helping them achieve financial mastery, constant growth, and build a thriving business for generations to come.
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Welcome! Let’s get started by organizing your numbers so that you can make the right financial decisions.
Jace D. Young, Founder & CEO
Legacy Farmer has helped hundreds of Farmers just like you!
Disorganization plagues the majority of farmers, negatively impacting finances, operations, and the quality of their decisions.
Most business fail because they don’t know their numbers, period. We’ve built our platform to keep your finances simple and tell you the critical information you need to drive those BIG FINANCIAL decisions.
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As a Business Owner, understanding your borrowing capacity stands as a paramount figure. Daily, farmers face decisions with immense financial implications, yet lack the awareness of how these choices will reverberate across their entire operation. Your borrowing power serves as the pivotal metric, providing the invaluable insight needed to navigate these critical decisions with a holistic perspective.
For farmers, maintaining an updated balance sheet is crucial. It provides a snapshot of financial health, helping track assets, liabilities, and equity. With agriculture's volatility, an accurate balance sheet guides decisions, secures loans, and prepares for challenges. It's a vital tool for long-term success and sustainability.
Tracking monthly cash flow projections is vital for farmers. These projections offer insights into expected cash inflows and outflows, enabling effective management of operations and timely decision-making. In agriculture, where timing is crucial, cash flow projections help anticipate needs, allocate resources, and navigate fluctuations. Neglecting them can lead to financial challenges. Therefore, consistent monitoring of cash flow projections is essential for maintaining stability and ensuring the farm's long-term success.
On top of helping you organize your numbers, we teach you how to master your numbers and use them to make informed decisions across your business with real world examples from across our network of customers.
Farmers need to grasp how banks assess their operations and make loan decisions. This understanding directly affects their ability to secure financing, negotiate terms, and plan for growth. Without this insight, farmers may face hurdles in accessing essential capital for expansion and navigating uncertainties. Knowledge of how banks evaluate farm operations is crucial for making informed financial choices and ensuring long-term success.
Farmers need to grasp how accountants view their operation for bookkeeping and tax strategy. This understanding ensures accurate records, minimizes errors, and maximizes tax benefits. Without this insight, farmers risk missing out on savings and facing potential tax liabilities. Familiarity with accountants' perspective is vital for effective financial management and optimizing tax strategies.
Farmers need to understand their numbers from different angles. Viewing it as a business owner aids decision-making and growth. Seeing it through the banker's eyes improves loans strategy. Embracing the accountant's perspective ensures accurate records and tax benefits. This multi-dimensional understanding is crucial for informed choices, financing, and financial optimization.
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We’re going to show you how to work ON the business, not IN the business. By structuring your team, establishing clear roles and responsibilities for each seat in your business, and fixing your team communication, this is how we end the chaos!
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“We can’t find good help” is a common excuse in the Ag industry, but the truth is once you establish your company core values, mission, and run team meetings the way you should, you create a culture that people are attracted too. Nobody wanted to work in an operations that has a terrible culture and is in absolute chaos.
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A failure to plan means you are planning to fail. We’re going to help you establish a clear vision for your company and show you how to break that down into 10 year, 3 year, and 1 year Targets with very clear actions that will help you forge the pathway to a generational legacy!
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Legacy Farmer exists to provide Hope and Direction for Family Farms everywhere and we Guarantee that you will never have been more clear about the state of your business or your direction going forward!
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