Based on your edit to your original post, it seems like you are at the point that making accrual adjustments to your year-end balance sheet will show the real change in your farm financial position.  So the big word is inventory.  So you add up your prepaid expenses for next year, and write down your outstanding liabilities (loans, unpaid bills, etc).  Then the estimated amount of grain and feed valued at market price and value your cattle at market price.

It is a system of thinking.  So it doesn’t mean a lot the first year because what you really are looking at is the year over year change, so you have to do it at least two years with the same valuation methods to be very meaningful.