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Farm wife talking. Please help me understand
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Bonanza
Posted 12/1/2024 11:30 (#10990417 - in reply to #10990188)
Subject: RE: Farm wife talking. Please help me understand


Ne Nebraska
Great advice from all.

One of you needs to learn managerial accounting or get enrolled in an extension program from your state ag extension that will give you that info. Also I see you are new on the site, might spend some time on computer talk for some inexpensive recommendations of software.

some observations:

He's in the building phase and reinvesting everything- I did same. There's not much extra cash to come back to family if you both are agreement in the long term goal.

He's probably not going to be the bookkeeper or he would know those answers. Tax accounting is a poor guide-need managerial accounting.

This needs to be addressed and both of you on same page or its going to fester and get ugly down the road. Are you both in agreement for long term goals such as full time farming? He may see your questions about finance and why the farm doesn't give anything financial to your living costs as a threat to derail his farm plans?

Best of luck
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