Posted 12/19/2013 07:58 (#3530262 - in reply to #3530065) Subject: RE: What are some ways a young farmer can build "working capital"
Working capital is current assets minus current liabilities. Cash is part of current assets. Using cash to buy or make payments on intermedaiate or long term assets eats away at working capital. Family living costs eat away at it too. Invest in things that reduce costs or generate more income than they cost. Sometimes its ok to pay taxes and pay down the operating note.
What are some ways a young farmer can build "working capital"
